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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: flyboy who wrote (8793)	9/2/1999 9:01:00 AM
From: Mr Metals	Respond to of 150070

VCAH NEWS : NEW YORK, Sept. 1 /CNW/ - Following several extended trips to Guyana and Venezuela in the past 60 days, involving meetings with certain buyer's representatives and separate meetings with senior officials of the respective governments, VenCap President and CEO Tony Lanham is involved in numerous negotiations on a wide range of business matters. The most essential are the conclusion of up to four timber sales contracts (one year / renewable) currently under discussion, with initial shipments (beginning in late October to early November) of up to 10,000 cubic meters (m/3) per month. In the event that all four sales contracts are concluded to the Company's satisfaction, it is possible that deliveries could increase to 20,000 to 25,000 m/3 per month. Negotiations are under way with a substantial European timber buyer, a major Asian timber buyer and timber importers in Texas and California. Although it is in no way guaranteed, the contracts could result in a minimum gross first year value of US$30-40 million to the Company. (See News Release dated May 24, 1999) On related issues, the Company is negotiating for timber harvesting rights to all or part of nearly 500,000 acres in central Guyana, which likely would be necessary to meet later order requirements. Further, the Company's research on in-country handling, port and shipping capabilities suggests the need for enhanced port storage and ship loading facilities over time. Negotiations are under way with relevant officials of the government, to provide for such expanded capabilities as buyer demand increases. -30- For further information: Daniel Ryan, Investor Relations, (905) 272-3284, (416) 447-4884, Cell: (416) 820-5565 If You do not use this service and would like to be removed from this list please send a reply with remove as the subject. ONZA'S PENNEY PICKS freeyellow.com Good Luck To All Andy DISCLAIMER: THIS IS NOT A SOLICITATION TO BUY OR SELL STOCKS AND I DO HAVE A RIGHT TO BUY OR SELL THIS OR ANY OTHER STOCK WITHOUT NOTICE AND THAT EVERYTHING CONTAINED WITHIN IS BELIEVED TO BE ACCURATE TO THE BEST OF MY KNOWLEDGE AND ALWAYS DO YOUR OWN DD .PLEASE REMEMBER THESE ARE ONLY MY OPINIONS DO NOT MAKE INVESTMENTS ON MINE OR ANYONE ELSES OPINIONS DO YOUR OWN RESEARCH. INVESTING IN THE OTC MARKET THOUGH VERY PROFITABLE TO SOME IS ALSO VERY DANGEROUS. The SEC has issued an investor alert to help investors evaluate investments promoted on the Internet. "Internet Fraud" tells investors how to spot fraud and how to use the Internet to invest wisely and avoid costly mistakes. "Never, ever, make an investment based solely on what you read in an online newsletter, E-Mail letter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research." "Internet Fraud" is available on the SEC's Web site, at sec.gov. PLEASE BE CAREFUL.