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Microcap & Penny Stocks : HCCA IS GOING TO BE THE NEXT BIG WINNER!!! -- Ignore unavailable to you. Want to Upgrade?


To: RJL who wrote (3435)9/20/1999 4:26:00 PM
From: sean  Respond to of 3459
 
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HCCAD.OB
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Monday September 20, 6:01 am Eastern Time
Company Press Release
SOURCE: Hexagon Consolidated Companies Of America, Inc.
Update -- Hexagon Consolidated Companies Of America, Inc. (formerly Health Care Centers of America, Inc.)
Broker/Dealers, Note Anticipated Stock Symbol Change
RENO, Nev., Sept. 20 /PRNewswire/ -- The directors and officers of Health Care Centers of America, Inc. announced today issued the following update on the company:

Name Change/Stock Symbol Change

Effective immediately the company's name has been changed to HEXAGON CONSOLIDATED COMPANIES OF AMERICA, INC. (OTC Bulletin Board: HCCAD; ''D'' to be dropped on or about October 5, 1999). Management believes that the new name better reflects the diversity of the company's activities. The health care activities of the company will be operated as a division or a subsidiary under a name yet to be determined.

Mining Operations

The Peeples Mining Co. (''Peeples''), a subsidiary of HCCA, has begun preparations for the next phase of processing its precious metals inventory located at the mill site in Arizona. Peeples has begun filling the 300 barrels located at the mill site and expects to have this accomplished within seven to 10 days. In addition to the 150 barrels now in storage, Peeples will have a total of 450 barrels of concentrated ore ready for shipping to a commercial refiner. An order for an additional 300 barrels has been placed and will be put into service. Peeples will continue filling barrels for further processing as the filled barrels are shipped, emptied and returned to the mill site.

Peeples is in negotiations with a refining company that will process the concentrated ore into multi-layered metallic bars called dore bars. The dore bars will then be sold to a commercial refinery to produce revenue. Management expects the final refining agreement to be prepared in the near future.

The management of HCCA intends to use the revenue from the sales of the dore bars for the expansion of its mining operations, for general corporate expenses and to develop other divisions of HCCA. The current, lower market for gold should have little impact on the revenue to be generated, as a majority of the values contained in the precious metals ore inventory are from the ''platinum group;'' that is, platinum, rhodium, osmium, ruthenium, palladium and iridium, for which the market is more stable and the price is greater.

As part of the preparations for shipping, the ore will be further concentrated so that higher recovery rates will be experienced at the initial stage of refining the ore into dore bars. Additionally, a stock pile equal to a six-month supply of concentrated ore is being prepared for immediate shipment to be refined.

Litigation

Management is encouraged and cautiously optimistic as a result of recent activity concerning the litigation involving The RK Company, The Rainbow Group, The Senior Group and others. At one time, these lawsuits were before various judges in DuPage and Cook Counties in Illinois. As a result, the expense and delays of this complex litigation were extreme.

Through the successful efforts of HCCA's aggressive and highly capable attorneys, these cases have been consolidated before one judge in DuPage County, Illinois. Therefore, the economic and personnel resource allocations can be more focused, efficient, and effective. The cases are in the discovery stage, which includes the subpoena of documents and witness depositions. Management believes that the results of the discovery will greatly enhance the company's position and the eventual outcome of the litigation will be favorable to HCCA.

NOTE: This news release contains statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are inherently uncertain, and the company's actual results may differ from management's expectations. Further information on potential factors that could affect the financial condition and results of operations of the company are included in the filings of the company with the Securities and Exchange Commission.

SOURCE: Hexagon Consolidated Companies Of America, Inc.

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More Quotes and News: Hexagon Consolidated Companies of America Inc (OTC BB:HCCAD.OB - news)
Related News Categories: health care, mining/metals



To: RJL who wrote (3435)2/8/2000 11:25:00 PM
From: david james  Read Replies (2) | Respond to of 3459
 
Hey Richard,
Its alive! - once again they try to see how many suckers they can attract. This reminds me of one of those games at the circus, where each new player things they are smart enough to beat the system, but fails to recognize its all rigged. Hmmm. Sort of like WWF Wrestling.

One of my favorite items about this company is that their corporate offices consist of an answering machine in Nevada and a "Mailbox Etc" box in Florida.

Everything else is probably fiction - even though they are quite convincing that their gold mines, jet engine patents, and the Nashville music shows are leading to the cure for AIDS in their Mexican clinics. ;-)