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Microcap & Penny Stocks : Our Town, USA/Concord Newsroom (OTUSA/CIGI)

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To: Phil Wilson who wrote (26)2/4/1997 1:58:00 PM
From: kamal   of 34
 
Ray of Hope still there..

I just got too frustrated and looked up their contact number in one of their previous press releases and talked with Mr. Rudy De La Garza. While there is not much he could say about the financial health of CIGI, he did say Our Town USA is doing good. Their site had some problems with InterNIC about assigning/keeping the DNS but should be coming up soon at ourtownusa.net (BTW, in the process I also discovered that there is a company by the same name doing business in Hutchinson, Kansas about which Rudy had no idea. I asked him to take a look into some kinda trademark violation..)

Now, from the conversations with him (which were very pleasant), it was clear that

1. He is more than willing toi talk/respond to anyone wanting to talk with him, either on phone (512.258.4989) or e-mail (rudy@onr.com)

2. CIGI is emphasizing on their marketing strength (due to Patriot Mktg, remember?).

3. They have a news release out to investors (not on any wire but he would fax it to you if you ask) about a video production which CIGI has gotten itself into. I will try to type it in here.

4. There may be some other "marketing" oriented deals which are in the pipeline but not confirmed.

5. They still don't seem to know quite exactly how many total shares they have but he believed that the numbers are something like this:

Total Issued: 26M
Float: 3M
Restricted: 23M
(Including shares issued to OurTown, Patriot and some owned by Henry Val, co-founder, surprise, surprise(??)

6. Their transfer agent is American Securities (303-234-5300)

Shouold be enough to chew on and digest for now. I asked/requested him to post something on this thread but keep a watch on the old CIGI thread..

I think with all this info, we may be getting ready to launch again soon.

For Immediate Release

CIGI announced today the completion of its latest Video production "A Minute for Kids". This one minute video commercial tag is part of an ongoing series of 60 second commercials sponsored by Corporate America.

CIGI Video Production and Media Company, a subsidiary of Concord has began mktg the Minute for Kids commercial tags since the start of this year and already it has one contract pending and over 30 inquiries from major TV networks and mktg advt thru the nation.

...

While it is too soon to project, annual gross revenue could exceed $600,000.00 in the top 25 media markets alone.

Please note the change of address and phone numbers for CIGI contact person Rudy De La Garza 12402 W. Cow Path, Austin, TX 78727. Call 512.258.4989 od fax 512.258.5359 or email rudy@onr.com
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