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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (85979)	7/22/1999 10:31:00 AM
From: Teri Garner	Respond to of 119973

CACS (Carrier Access) on the move.

To: Smart_Money who wrote (85979)	7/22/1999 10:36:00 AM
From: Smart_Money	Respond to of 119973

Amazon the whole sector is sucking wind. I think I will stay away from everything except, ICTG a no brainer!!!!!

To: Smart_Money who wrote (85979)	7/22/1999 10:36:00 AM
From: changedmyname	Read Replies (1) \| Respond to of 119973

IPLY worth $4 according to today's press release. Moving up now. Thursday July 22, 8:12 am Eastern Time Company Press Release SOURCE: Interplay Entertainment Corp. Interplay Signs Agreement with Titus Interactive For $25 Million Equity Financing IRVINE, Calif., July 22 /PRNewswire/ -- Interplay Entertainment Corp. (Nasdaq: IPLY - news), a leading interactive entertainment software company, announced today that it has signed an agreement with Titus Interactive SA, (TITP.LN), a leading European interactive entertainment software company, pursuant to which Titus will purchase 6.25 million shares of Interplay Common Stock at a price of $4.00 per share. The transaction is subject to standard conditions, including the approval of the Interplay stockholders, and is expected to close in late August 1999 following the Interplay stockholders meeting currently scheduled for August 24, 1999. The Company will use the net proceeds of the sale for repayment of debt, additional working capital and other general corporate purposes. The Stock Purchase Agreement is based upon the letter of intent between Interplay and Titus dated May 12, 1999 and follows Titus' $10 million equity investment in the Company in March 1999. As part of the agreement, Titus has an option to purchase all of the shares of Interplay Common Stock held by Universal Studios, Inc. which was granted to Titus by Universal in connection with the March 1999 financing. In addition, as a condition to Titus' obligations under the Stock Purchase Agreement, Brian Fargo, the Company's chairman and chief executive officer, will exchange 2,000,000 shares of Interplay Common Stock held by him for shares of Titus common stock. Following these transactions, Titus is expected to hold approximately 57% of the outstanding Common Stock of the Company. Interplay Chairman and Chief Executive Officer Brian Fargo said, ''We believe that this transaction is a positive one for our stockholders in three specific areas. It will provide Interplay with access to capital that we can use to reduce debt and fund growth. Through the distribution of Titus products in North America we will increase our console revenues for 1999 and beyond, and the addition of Herve Caen will further strengthen our management team.'' Fargo continued, ''The turnaround that has been in progress at Interplay over the past few months will be bolstered by this transaction. We have already had two #1 titles in the first half of 1999 alone, and many of our most highly anticipated 1999 releases are currently scheduled for the second half. With the combination of our PC titles, including Star Trek: Starfleet Command, Planescape: Torment and Messiah, and Titus' console line-up, which includes Xena and Hercules, we are looking forward to a great holiday season.''