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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: vagabond who wrote (11670)	7/15/1999 9:57:00 AM
From: Jim B	Read Replies (1) \| Respond to of 108040

yep, HRCT looks ready to drop to 1.50 or less : ugh lots of MMs jumping down to 1.25 area; what a joke jim

To: vagabond who wrote (11670)	7/15/1999 9:58:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 108040

(COMTEX) B: CathayOnline Inc. Acquisition of Lottery Kiosks in China B: CathayOnline Inc. Acquisition of Lottery Kiosks in China NEW YORK, Jul 15, 1999 (BUSINESS WIRE via COMTEX) -- CathayOnline Inc. (OTC BB:CAOL) has now completed the acquisition of 3 Online Lottery Kiosks in Guangzhou, China. CathayOnline intends on acquiring an additional 5 Lottery Kiosks for the month of July. CathayOnline Inc. has projected to acquire approximately 50 operational Lottery Kiosks in the next six months, which, when fully operational, are expected to generate in excess of US $450,000 net annualized income (Earning Before Interest Taxes & Depreciation - EBITDA). The second phase of the Company's plan calls for the acquisitions of 150 additional operating Lottery Kiosks in the second half of the Company's fiscal year. When this phase is completed, the total annualized net income (EBITDA) is projected between US $1.75 million and US $2.25 million. The lottery industry in China is in its infancy--with only some 6% of the Chinese estimated to have tried their hand at lotteries, compared to 85% of the Americans. Revenue generated from sale of lottery tickets is a growing industry. China, with its huge population (1.3 billion) speaks for itself in terms of potential revenue that would be generated once more significant market penetration has been achieved. In the last nine months alone US $1.3 billion inwelfare lottery cards were sold in China. This project confirms the focus of the Company to engage in business that provides significant cash flow opportunities and established management. CathayOnline would like to welcome investors to visit the Company's site at www.cathayonline.com to view our recently posted Q&A. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as forward-looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including anticipate, believe, intends, estimates, expect, and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Companys future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Worldvision Financial, Casselberry, Fla. Keith Baldridge, 888/345-6060 or 407/834-8944 wvfg.com WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INTERNATIONAL ASIA PACIFIC INDUSTRY CODE: COMED COMPUTERS/ELECTRONICS ENTERTAINMENT INTERACT