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Microcap & Penny Stocks : BAOA Call Centers To Make A Difference -- Ignore unavailable to you. Want to Upgrade?


To: Sportfish who wrote (821)3/29/2000 10:22:00 PM
From: throwback  Respond to of 833
 
BAOA 10KSB Financials Out

biz.yahoo.com

Exerpt:

NOTE B - GOING CONCERN UNCERTAINTY - CONTINUED

The Company has customer contracts to provide telemarketing services commencing with the opening of its two (2) planned call centers. The City of Atlanta, Georgia has issued final site and financial commitment approval for the Company's Atlanta Empowerment Zone call center. The City of New York City, New York has issued its final site and financial commitment approval for the Company's New York Empowerment Zone call center.

On February 22, 1999, the Company received a financing commitment letter from the Atlanta Empowerment Zone Corporation for a development loan of approximately $3.5 million at an interest rate of 8.0% and a term of ten (10) years. As of March 23, 2000, the loan, and related documentation, has been executed and the initial funding has been made.

On September 3, 1998, the Company was approved by the Upper Manhattan Empowerment Zone Development Corporation for a development loan of approximately $800,000. As of March 23, 2000, the loan, and related documentation, has not been executed or funded.

Additionally, management believes that its ongoing efforts to raise additional capital through the sale of equity securities and/or debt instruments will provide additional cash flows. However, there can be no assurance that the Company will be able to obtain additional funding or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company.




To: Sportfish who wrote (821)3/30/2000 10:55:00 AM
From: throwback  Read Replies (1) | Respond to of 833
 
MORE NEWS!

Thursday March 30, 8:05 am Eastern Time
Company Press Release
BAOA, Inc. Dba Call-Solutions.com, Signs a $3.3 Million Out-Bound Telemarketing Contract With Holiday Funding, Inc.
Training and Call Services Targeted to Begin in Second Quarter
ATLANTA--(BUSINESS WIRE)--March 30, 2000--BAOA, Inc. dba Call-Solutions.com (OTC BB:BAOA) announces that the company has signed a one-year $3.3 million contract with Holiday Funding, Inc. to generate qualified tour leads with scheduled appointments for vacation ownership sites located throughout the United States. Through its agreement with Jamaica Call Solutions Ltd., BAOA will begin hiring employees to staff the first 50 seats of our call center operations located in Montego Bay, Jamaica. Training is anticipated to begin in early April and the initiation of out-bound call services is projected to begin within two to four weeks thereafter.

``We selected Call-Solutions.com over other vendors because they offered the most cost-efficient and profit-oriented telemarketing services,' stated Earl Donaldson, President of Holiday Funding, Inc. ``We needed a firm with the capabilities to call individuals in Chicago, Atlanta and Philadelphia to arrange local off-site tours for time-share properties in the Southwest and Southeast. Call-Solutions.com met our requirements and was the most affordable.'

``We are proud to have been chosen by Holiday Funding for our out-bound call services,' stated Peter Van Brunt, President and CEO of BAOA, Inc dba Call-Solutions.com. ``As we begin training our staff in Jamaica and ramping up out-bound call services, BAOA will have formally begun implementing its business strategy to develop, own and operate call centers to generate revenues and profits for the company and to employ and economically empower individuals.'

Holiday Funding, Inc. is a three-year old company located in Fort Myers, Florida. The company is focused on providing multiple services to the time-share industry; including financing, marketing and generating ownership prospects through arranging off-site property tours.

BAOA, Inc. dba Call-Solutions.com is focused on becoming a leading provider of teleservices. The company is developing and will be providing in-bound and out-bound teleservices for clients from call centers that are located in economic redevelopment zones and other underdeveloped economic regions. By running businesses in these favorable economic areas, multiple benefits can be derived: the company benefits from certain tax incentives, the communities benefit from the growing employment tax base and the company's clients obtain affordable teleservices.

The safe harbor statement under the Private Securities Litigation Reform Act of 1995: statements in this news release, which are not strictly historical, are ``forward-looking' statements and involve risks and uncertainties including, without limitations, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, as well as the company's dependence upon financing, third party suppliers, intellectual property rights, and other risks detailed from time to time in the company's Federal filings, annual reports, offering memorandums or prospectus.

--------------------------------------------------------------------------------
Contact:

BAOA, Inc.
Media, 678/461-9881
Investors, 718/592-1919
call-solutions.com