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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: PROBABILITE who wrote (663)	6/11/1999 8:32:00 PM
From: TERRY McCartan	Read Replies (1) \| Respond to of 776

PROBABILITE Here it is . Canada Stockwatch Signature Brands Ltd - Kaiser says market likes Signature's .com deal Signature Brands Ltd SBX Shares issued 22,608,541 1999-06-10 close $0.32 Friday Jun 11 1999 John Kaiser, writing in the May 26 Bottom-Fishing Report, says Signature Brands was just another dumpster food stock trading below 10 cents when, in early April, it made a deal to acquire CD Plus.com for 250 million shares. The deal sent the stock soaring to as high as 95 cents, and at the time of Mr. Kaiser's report, it had settled back to 34 cents. Its fully diluted shares now total around 300 million. With 102 stores, CD Plus's revenues for the nine months ending Dec. 31, 1998, were $39.2-million with a net income of $1-million. At its current price, the market suggests a value of $100-million for what amounts to a "really boring story," Mr. Kaiser says. While retailing new products over the Internet does not offer much in the way of profit, much more interesting is Signature's plan to acquire Urban Sound Exchange, which specializes in the sale of used CDs and records. The Internet has been a boon for used goods, especially items that are no longer in production; the Internet, he adds, is suited for matching isolated buyers with obscure used goods. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Hopefully after their meeting in july this will take off? Regards Terry McCartan