To: Francois Goelo who wrote (2554 ) 6/12/1999 6:30:00 PM From: StockDung Read Replies (2) | Respond to of 10354
Franschwa, this name should be one you know very well from SFLK International Buying Power Corporation (''IBP''), for the company TORTOLA, British Virgin Islands--(BUSINESS WIRE)--Aug. 5, 1998--Kading Companies, S.A. (OTC-BB KDNG) Kading Companies, S.A., reported today that for the period ending May 31, 1998 its third quarter profits more than tripled from its second quarter. The New York based company explains net income rose to $62,800 or 4 cents a share (based on 1.7 million shares outstanding), up from $15,000 or 1 cent a share (based on 1.5 million shares outstanding). For the nine month period ending May 31, 1998, its profit was $87,300 or 6 cents per share (based on 1.55 million shares outstanding) versus a loss of $25,000 or 2 cents per share from a year earlier (based on 1.3 million shares outstanding). Kading Companies, S.A. is a high profit transaction based merchant banking concern positioned to identify distressed and undervalued companies and increase their value through various solutions. For further information contact International Buying Power Corporation (561) 482-0004 / Fax (561) 488-2602 This material was prepared by International Buying Power Corporation (''IBP''), for the company discussed herein, based upon information supplied by the client or other sources believed to be reliable. The company's actual results could differ materially from those described in the forward-looking statement discussed in this press release. This material is for information purposes and should not be construed as an offer or solicitation of an offer to buy or sell the securities. IBP, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. IBP has received compensation for the preparation of its report. Contact: Kading Companies, Kevin Kading, 718/981-5678 Contact: Kading Companies, S.A., New York Kevin H. Kading, 718/981-5678 Fax: 718/981-3521 email: kdng@cwix.net