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Non-Tech : The SJI Group, Inc. (SJIG)

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To: Francois Goelo who wrote (38)1/15/1999 11:10:00 AM
From: semi-recumbent  Read Replies (1) of 217
 
Re SJIG holdings in SLEU - The following doesn't prove it but at least supports the possibility:

Business Editors KNOXVILLE, Tenn.--(BUSINESS WIRE)--Sept. 9, 1998--SJI Group, Inc. (OTC Bulletin Board: SJIG), one of the country's leading distributors of premium cigars, today reported on updates made to its business plan following the recent sale of its Maverick Communications subsidiary. In particular, the Company noted that the recent sale of Maverick in exchange for 1,500,000 million restricted common shares and 1,000,000 preferred shares of Isleuth.com has both added considerable value to it's asset base and allowed the Company to more fully devote its resources to the growth of its premium cigar business.

"With Isleuth.com common stock trading currently at over $8.00 per share," noted J.D. Jenkins, Chairman and CEO of SJI Group, "we have significantly enhanced shareholder value in SJI Group."

Mr. Jenkins also noted that following the sale of Maverick, management updated the Company's business plan to reflect its ability to focus more of its resources on the growth of it's premium cigar wholesale distribution business, particularly through its Modular Walk-in Humidor program. Mr. Jenkins reported that at a recently held beverage retailers convention, it received strong indications of interest for the units from retailers. ...."
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