This is the most recent public article I can find referencing Herzog (HRZG)
Not that it's going to make any difference to anyone as this "German Outfit" must have run out of lives on the Berlin exchange and bought out the shell that you id'ed from Nevada
Copyright 1997 Business Wire, Inc.
Business Wire
January 21, 1997, Tuesday
DISTRIBUTION: Business Editors
LENGTH: 412 words
HEADLINE: Herzog GmbH experiences 113% increase in sales compared to same period last year
DATELINE: MIAMI
BODY:
Jan. 21, 1997--
This news comes after completion of merger with U.S. public
corporation in Nov. '96 Herzog GmbH, (NASDAQ/EBB:HRZG) a German manufacturer of fine men's leather and sportswear, announced Tuesday that sales have increased 113% in comparison to the same period one year ago. Management plans to release sales figures for December 1996 within the next two weeks. This recent success is due to a rise in sales from both existing and new customers, a positive step forward in the company's expansion plans. Herzog designs and manufactures for some of the largest fashion houses in Europe, and is currently successfully fulfilling a licensing agreement to manufacture for Yves Saint Laurent. Expansion plans include obtaining similar licensing agreements from other well recognized fashion leaders in the same market in efforts to double sales and profitability during the next five years. With this news, the company is fast progessing toward this goal.
In November of 1996, Herzog went public in the United States through a merger with publicly traded shell corporation and is now listed on Nasdaq's Electronic Bulletin Board under the name Herzog International Holdings Inc., and traded under the symbol HRZG. The company is currently completing a DM4 million private placement of stock; Select Capital Advisors, a Miami-based international financial services firm, arranged and negotiated the terms of the merger, and is overseeing the private placement through its offices in Germany and internationally.
Herzog GmbH anticipates reporting revenues of DM 10 Million for fiscal 1996/1997 which ended Oct. 31, 1997, and projects revenues of DM 15 Million for fiscal 1997/1998, which ends Oct. 31, 1998. The company anticipates earnings of DM 1.5 million (US$ 1 million) in this fiscal year. From time to time, the company may issue forward looking statements which involve risks and uncertainties. This statement may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and any forward looking statements should be considered accordingly.
|
