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Microcap & Penny Stocks : ITOY - Imagin.Net and Virtual Games, Inc

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To: Due Diligence who wrote (73)2/25/1999 11:01:00 AM
From: Dave Gore  Read Replies (1) of 340
 
OK, HERE IS THE UPDATE ON ITOY/VIRTUAL GAMES....

Just spoke with Gerard DiMaro, hired yesterday by new management.

** PR coming out today that is the official release of what came out yesterday (it was a simple misunderstanding that a fax was sent out yesterday by Gerard)

** New company, based in San Jose, is involved in a new technology Virtual Reality video parlor technology involving a 360 degree panorama; marketing to begin soon

** Chris Edwards of SFLK fame is still doing DD on the company nothing has changed there.

** The new company bought out ITOY so that they have th eoption of still using ITOY's ideas and technology as well

** No word yet on whether ITOY management got paid in restricted or unrestricted stock or what the terms were/are.

** No idea of anything else until New management releases info over the next few days and weeks. Like I said basically what was released yesterday should formally be released today.

DAVE
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