More NEWS..... Buying opprotunity may not wait until next week. More to come.
Friday December 18, 7:01 am Eastern Time
Company Press Release
USRF Acquires Private Company Stock,
Declares Dividend
BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 18, 1998--Internet Media Corporation (OTC
BB: USRF) announced today that it has acquired 400,000 shares of stock of Argo Petroleum
Corporation (Argo), a Kentucky-based private oil and gas exploration company. In connection
with the acquisition of the Argo shares, the USRF board of directors declared a dividend with
respect to the Argo stock. Shareholders of USRF of record on Jan. 15, 1999, will receive the
dividend, after the dividend distribution has been registered with the SEC.
''We are believers in this method of becoming publicly owned, and we intend to search for other
privately- owned companies in which to acquire stock and distribute those shares to our
shareholders,'' said David Loflin, USRF's president. It's just another way in which we are trying
to provide value to our shareholders,'' Mr. Loflin added.
This press release contains forward-looking statements which are subject to contingencies and
uncertainties. Such forward-looking statements are not guarantees of future performance, and are
based on numerous assumptions about future conditions that could prove to be inaccurate. Actual
events, transactions and results may differ materially from anticipated events, transactions or
results described herein.
Contact:
Internet Media Corp., Baton Rouge
Jim Kaufman, 805/493-9273
internetmediacorp.com |
