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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Ray Tarke who wrote (775)	1/25/1999 10:29:00 PM
From: Jeffrey L. Henken	Read Replies (2) of 939

Well RDIM is well above the 50 day moving average at around 40 cents. dailystocks.net I think the float is moving into stronger hands but it might take real news from the company itself to move the stock higher. We know that it is coming due to the fact I heard a letter of intent was signed with PCS today. Let me repost that information: 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. Regards, Jeff

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