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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?

To: Pask who wrote (766)	6/8/1999 9:10:00 AM
From: EZ ED	Read Replies (1) \| Respond to of 972

NEWS...The General Store Reports On AuditProgress June 8, 1999 09:03 AM SEATTLE--(BUSINESS WIRE)--June 8, 1999--The General Store International Corporation GSIC President Glen Easthope announced today that the Company is finalizing the process of meeting new regulations required to achieve a fully reporting status on the NASD Bulletin Board by year end. According to Easthope, The General Store International Corp. auditors have substantially completed the formal audit process of its financials for 1996/1997. In addition, the 1998 audits are expected to be completed by July 20, 1999. "Our management team acknowledges the importance of this process to maintain shareholder value and continue our development as an online marketing concern," Easthope said. "As the audits are an essential first step to become a fully reporting company, our team and auditors are working diligently to meet the deadlines for filing." Once the audits are complete, the necessary filings will be submitted with the Form 10 for review by the Securities and Exchange Commission and National Association of Securities Dealers. "The General Store expects to achieve fully reporting status by year end and to remain actively trading on the NASD OTC:BB," Easthope said. "In the mean time, we will continue to focus our efforts on expanding our unique online shopping service and development of our proprietary technology CARAT(TM) DVD." A pioneer in on-line shopping, The General Store International Corporation provides convenient competitively priced shopping solutions, "online vs.inline." With its unique ordering and distribution system for grocery products, customers can shop from the comfort of their homes through a color print catalog, CD-ROM catalog, telephone or fax, and The General Store's soon-to-be-released e-commerce site. All grocery products are delivered to the customer's front door. The statements made in this News Release may contain certain forward-looking statements. Actual events of results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.