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

To: Tom Allinder who wrote (57390)	8/1/2000 1:20:34 PM
From: Tom Allinder	Respond to of 150070

AMFR... they need to spin the hotels off into another biz and pay the AMFR shareholders a dividend of stock in the new company. Ameri-First Financial Group Reports Record Earnings DALLAS--(BUSINESS WIRE)--Aug. 1, 2000--Ameri-First Financial Group, (OTCBB:AMFR - news) announces record earnings for the quarter ending June 30, 2000. Ameri-First posted net revenues in its securities division of $929, 797 which equates to over 8 cents per share in earnings for the quarter. In addition, Ameri-First's newly formed real estate division, Ameri-First Holdings, Inc. has completed the acquisition of 5 Homegate Hotels and Suites throughout the State of Texas. The following 5 locations were included in this purchase: Amarillo, El Paso, Irving, San Antonio - Airport, San Antonio - Fiesta Texas. The preceeding properties have been audited by Arthur Anderson and have a current value in excess of $34 Million and generate over $2,600,000 in net operating income. The consolidated financial information was filed with Edgar but will not reflect the income from the hotel purchases until the following quarter. Tom