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Microcap & Penny Stocks : Java Group-JVGI

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To: joseph w renfrow who wrote (221)	3/4/1997 10:21:00 AM
From: Greg Thomas	of 509

Joseph, I was provided this information a week ago by the company. No information was given on the four stores mentioned in their last news release which left me to believe that they are not open. No cash/investor confidence to get those going, perhaps. Their own roasting operation will save them $$ but they need additional stores to cut overhead and spread expenses in order to realize profits. Given their visible cash reserves, they better make something happen - quick. Greg

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