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Technology Stocks : INTQ Intelliquis (OTC BB:INTQ) -- Ignore unavailable to you. Want to Upgrade?

To: ugotit who wrote (31)	6/24/1999 2:41:00 PM
From: CIMA	Read Replies (2) \| Respond to of 100

I bought today. I hear good things are coming. INTQ biz.yahoo.com Net cash used in operating activities was $344,684 and $48,668 for the three months ended March 31, 1999 and 1998, respectively. The Company's operating cash flows have been insufficient to satisfy growing cash needs without the help of a private placement offering of $1,062,000 (1,446,000 shares) during the first quarter of 1999. Liquidity is a significant concern for the Company until it can generate adequate cash flows from operations, which are primarily dependent on the development, marketing and distribution of the Company's products. Management believes that continued financing from private investors through the issuance of Common Stock must be obtained in order to meet the Company's expected growth and capital needs for the coming year. The Company is now looking to raise equity financing of $5,000,000 to $10,000,000 to provide additional working capital to meet the Company's growth plans. With the additional infusion of capital and the existing receivables, the Company is planning to build extra inventory, hire additional staff, meet its budgeted marketing efforts and acquire other products or businesses.