UVTF Universal Turf Inc. Message Board

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Microcap & Penny Stocks : UVTF Universal Turf Inc.

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To: Lazarus who wrote (6)	2/4/1999 3:30:00 PM
From: Ernest R. DeSaye Jr.	Read Replies (1) of 36

I just got off the phone with Don. He was speaking very quickly and seemed genuinely excited about his company and I took notes as best as I could. He told me that the CEO of the company is David DiNallo he is a lawyer. Apparently the company has just gotten into their current business recently. They install athletic surfaces. Don said he and David have taken over the company recently and are in the process of getting everything financially straightened out. He said that in 1997 the company did around 200,000 in total sales and had a debt of around 2 million dollars. He said that David has been sucessful in reducing the debt to around 200,000. I am not sure because I was absorbing so much information, but I believe the debt was reduced by some creditors accepting shares for their payment. He said that the total amount of outstanding shares was 48 million with a float of 15 million not including any shares exchanged for debt. In 1998 from July to December UVTF did 2.1 million dollars in business. He also said that they were looking at alomst 5 million dollars of possible work for this year already. The company has a revolutionary type of athletic surface, one that he feels puts current Astroturf surfaces to shame. The surfaces are indoor-outdoor and can go anywhere. They recently completed two fields for the state of New York on Pier 40 in New York City. The average football field costs between 500,000 to 600,000 to do. Their surface is synthetic fiber on a special sand-gravel and rubber base. This gives the natural feel of grass when walking on it as well as natural draining. The water drains right through the grass. The company is currently working with SEC auditors and attorneys in order to get books straightened out to become a reporting company. There is more to this, I will post more later as I read my notes. Regards, Ernie

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