Pallet Pallet Inc. Message Board

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Gold/Mining/Energy : Pallet Pallet Inc.

PPAL 60.10

0.0%

Sep 23 11:27 AM EST

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To: Birdman who wrote (25)	1/9/1997 12:27:00 PM
From: Richard Nash	of 451

Some good news from Pallet Pallet today ! Have a look at their news release, they stated they have obtained a 20 million line of credit from the Bank of America and 2.2 million in a short term lone. The company is going to proceed with a $3 million share issue, the money will be used to pay off all vender holding debt notes. The remaining cash will be used to expand the pallet banking program, and for the acquisition of a stratigic asset in Cleveland, Ohio. The company states they are on track with their 3 year business plan and Pallet Banking is still rapidly growing !!! I take this news as very positive !!!! Now lets see some profits !!!!!!!!!!!!!!!

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