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

To: Katie Kommando who wrote (40704)	3/31/2000 5:46:00 PM
From: myturn	Read Replies (1) \| Respond to of 150070

RTEK. Friday March 31, 4:38 pm Eastern Time Company Press Release Rubber Technology International Inc. Rejects Hostile Takeover Proposal LOS ANGELES--(BUSINESS WIRE)--March 31, 2000--Rubber Technology International Inc. (OTCBB:RTEK - news) today announced that its board of directors had summarily rejected a proposal by Senior Care Industries Inc. (OTCBB:SENR - news) to acquire 80% of RTI stock for $4 million in SENR stock and a purported $800,000 cash infusion. In exercising its fiduciary duties to shareholders, the board noted that the SENR stock proposed to be offered has extremely limited trading and volume, which the board believes reflects an actual value substantially below the purported market price for the SENR stock. The board noted that SENR stock is unlikely to maintain its present market value without substantial support and additional investor interest. The board determined that the proposed offer of shares of SENR would be uneconomic to RTEK shareholders when the RTEK stock is trading with significant liquidity. The board also noted that the proposal failed to consider RTEK's recent acquisition of reporting status and its improvement in stock price, as well as capital infusions in support of its plans which exceed $800,000. The board noted that the proposal only involved an immediate infusion of $200,000 in cash, which is substantially below what the board is seeking to further undertake its business plan. The board consequently rejected the proposal. Rubber Technology International is a leader in the tire recycling industry. The Los Angeles-based company is paid to receive scrap tires that are then ground into crumb rubber, which is in ever-increasing demand for molded goods, topping for horse arenas, safety material for playgrounds and as an ingredient in rubberized asphalt. This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, without limitation, continued acceptance of the company's products, legislative and marketplace changes, and governmental regulations affecting the company's operations. Contact: Rubber Technology International Inc., Los Angeles Patrick Rost, 760/942-0015 (investors) E-mail: pmrandco@aol.com Internet: www.RubberTechnology.com

To: Katie Kommando who wrote (40704)	3/31/2000 9:26:00 PM
From: allii	Respond to of 150070

Katie, TSATA...from 10K In September 1999, the Company made an investment of $5,000,000 for 714,286 shares of Series C Preferred Stock ("Preferred Stock") of Jato Communications Corp. ("Jato"). The investment included a payment of $2,000,000 and, originally, a promissory note that was subsequently satisfied and discharged. On November 16, 1999, Jato issued TSAT an additional 178,571 shares in accordance with a change in the conversion ratio pursuant to a provision in the original agreement. As a result of the transactions with Liberty Media described herein, which closed on March 16, 2000, the Company is the beneficial owner of 5,084,745 shares of Sprint Corporation PCS Common Stock (the "PCS Stock"), having a market value on March 24, 2000 of approximately $333 million. The Company currently intends to meet its liquidity requirements by selling, borrowing against and/or otherwise monetizing such investment, until such time as the Company has cash flow from operations or other sources of liquidity. TSAT will continue to be subject to the risks associated with operating as a holding company including possible regulation under the Investment Company Act. TSAT does not currently intend to be an investment company within the meaning of the Investment Company Act and is actively seeking to develop or acquire an operating business related to or complementary with the Company's strategy to pursue opportunities in the distribution of Internet data and other content via satellite and related businesses. The Company is currently evaluating its course of action and plans to take advantage of its industry expertise and relationships in various future business opportunities. I look forward to what they have up the sleeve(s)...