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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Ray Tarke who wrote (725)	1/25/1999 1:52:00 PM
From: Jeffrey L. Henken	Read Replies (3) of 939

I believe RDIM is very close to announcing the acquisition of Personal Consumer Services, Inc., (PCS), which operates two (2) profitable discount consumer membership clubs. I just found out that a letter of intent was signed this weekend. Revenues exceed $4 million with EBIT of 12% or $480,000. Existing assets in the form of accounts receivable approximate $3 million. The effect of this combination will enable the Company to launch its consolidation plan within the existing 150 operators of similar clubs nationally. The company may create a franchise/distributor program to fuel its expansion as an alternative to public financing. More on the RDIM meeting in Las Vegas after I get home for lunch. Regards, Jeff

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