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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: sarc who wrote (16463)	6/10/1999 10:39:00 PM
From: 2MAR$	Respond to of 25711

Just wanted to take the time for any of you holding IBIZ here's a good Post for some quick DD, on it. Message 10073664 hope to see it over $2 soon! 2MAR$

To: sarc who wrote (16463)	6/11/1999 8:21:00 AM
From: Joe Copia	Read Replies (2) \| Respond to of 25711

AMMB news: Thursday June 10, 6:32 pm Eastern Time Company Press Release SOURCE: AMRESCO, INC. AMRESCO Meets Success With ABS Sale DALLAS, June 10 /PRNewswire/ -- AMRESCO, INC. (Nasdaq: AMMB - news) is pleased to announce that the company has closed its largest ever small business loan-backed transaction, a $220.9 million securitization of loans to small business owners, primarily in the restaurant, convenience store, funeral home and truck stop industries. Of the $220.9 million, $50.3 million was prefunded. The transaction, which was lead managed by Prudential Securities, represents AMRESCO's sixth Business Lending securitization. Rated by Duff & Phelps Credit Rating Co., Fitch IBCA, Moody's Investors Service and Standard & Poor's, 83 percent of the offering was rated triple-A; eight percent was rated double-A; eight percent was rated single-A; and one percent was retained by AMRESCO. ''Business Lending activities are realizing consistent growth at a healthy pace,'' says Randy Brown, president of AMRESCO's Commercial Finance line of business of which Business Lending is a part. ''Our conventional, SBA and equipment finance and leasing products compliment one another. With this diverse spectrum of products and the geographic expansion we are experiencing, AMRESCO is advancing in the thriving small business market across the United States.'' Business Lending provides long-term fixed and floating rate financing to franchisees, small businesses and small commercial real estate owners. Since 1997, approximately $1 billion in these loans has been originated by AMRESCO finance professionals throughout the country. Nearly all of these loans have been securitized and sold. AMRESCO is a diversified financial services company. The company ranks in the United States as a leading distressed asset manager; the number one producer of VA streamlined refinanced residential mortgages; the number one commercial mortgage banker; the number three commercial mortgage servicer; and one of the top five Fannie Mae DUS lenders in 1998. Based in Dallas, AMRESCO has offices nationwide as well as in Canada, the United Kingdom, Mexico and Asia. For more information about AMRESCO, visit the website at www.amresco.com. Media Contact: Caroline Free cfree@amresco.com (214) 953-8478 Investors and Analysts Contact: Tom Andrus investor@amresco.com (214) 953-7704 SOURCE: AMRESCO, INC.