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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (78624)	6/9/1999 11:26:00 AM
From: Ron	Respond to of 119973

SEAC news: biz.yahoo.com

To: Panita who wrote (78624)	6/9/1999 11:27:00 AM
From: If only I'd held	Respond to of 119973

Another one of Joe's huge pump and dumps here??? Shop At Home Rtgs Placed on Watch Negative by S&P NEW YORK, S&P CreditWire June 9, 1999 (BUSINESS WIRE via COMTEX) -- Standard & Poor's today placed its single-'B' corporate credit and senior secured debt ratings for Shop At Home, Inc. on CreditWatch with negative implications. The CreditWatch placement is based on the company's operating results, which have been below Standard & Poor's expectations, and the potential for continuing underperformance. Further concern stems from Shop At Home's recent acquisition of a Bridgeport, Conn. UHF television station; the company's negative discretionary cash flow, which has been reducing its liquidity; and the upcoming $4.1 million Oct. 1, 1999 interest payment on its senior secured notes. Shop At Home's television shopping channel's reach has been expanded to a full-time equivalent coverage of 17.8 million cable households, up from 12.7 million in March 1998, based on the company's calculations. Greater reach has contributed to strong sales increases, which should continue with the inclusion of up to 900,000 households in the New York City market reached through the recently acquired Bridgeport station. Shop At Home also gains further opportunities for sales growth as it expands its Internet selling capabilities, which include a new collectible items web site and a recently announced one-year cross-promotion agreement with Yahoo!, Inc. On May 25, 1999, Shop At Home announced that it had filed for a new offering of eight million shares of its common stock, which could bolster liquidity. Standard & Poor's will weigh the outcome of this offering, the trend of operating earnings, and the company's ability to stem its negative cash flows in resolving the CreditWatch listing.---CreditWire Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Standard & Poor's Eric Geil, New York (1) 212-438-7833 WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK TENNESSEE INDUSTRY CODE: BANKING RETAIL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. News provided by COMTEX.