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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: American Spirit who wrote (73324)	5/5/1999 1:07:00 PM
From: TokyoMex	Read Replies (1) of 119973

forbes.com RBA. Ritchie Bros. Auctioneers sells, through public auctions, a range of used industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum and agricultural industries. For the comparable nine months ended 9/30/98, revenues rose 7% to $64.3 million. Net income rose 80% to $13.9 million. Revenues reflect higher gross auction sales in the U.S. and Europe. Unreal financils...beats ebay by a mile...90 mil in cash on books...revs galore ..profits unreal... only 2.3 in float ...little volume!...green bop last few days...under accum...web under development...b3b auctions thruout the world...44 insts own 14.4% of this stock. Auction revenues in 1998 were $94.9 million, an increase of 12 percent over 1997. Net income after tax for 1998 was $24.8 million, or $1.54 per diluted weighted average share. David E. Ritchie, Chairman and CEO of the Company states, ''We are very pleased with the results for our first year as a public company. Our 1998 results have exceeded our expectations thanks to the hard work of every member of the Ritchie Bros. team.''

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