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Microcap & Penny Stocks : UPRD Upward Technology

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To: Charlie who wrote ()3/26/1999 6:11:00 PM
From: Andrew Cubides   of 20
 
Upward Technologies (UPRD) is going to be merged in with FreeNET (www.freenet.com). News will be out Tuesday, not sure of time.

FreeNet's phone number: 1-800-FREENET (ask for guy's manager, I forgot her name) She might be able to shed some light for you.

UPWARD TECHNOLOGY CORP

Company Description

ITEM 1- BUSINESS

Upward Technology Corporation (the "Company"), was originally
incorporated under the laws of the State of New York in 1953 and was
formerly known as Marks Polarized Corporation. In May, 1989, the Company sold its remaining operating assets, suspended all operations, except for necessary administrative matters and ceased to be an operating company.
In February, 1992 the Company consummated an agreement with Beverly Hills Bancorp ("BHB") wherein BHB acquired a controlling interest in the Company. In April, 1996, BHB sold its entire interest in the Company (4,100,000 shares of the Company's Common Stock), to Messrs. Albert M. Zlotnick and Irving I. Lassoff, who constitute the present management ofthe Company.
The Company is currently seeking merger or acquisition partners so as to best utilize the Company's cash and corporate structure.

Good Luck to us next Week!!!!
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