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

To: Jim Bishop who wrote (64393)	9/21/2000 4:14:57 PM
From: Taki	Read Replies (1) \| Respond to of 150070

After i went back and read IMTE PRs and saw this PR below, i canceled my order to sell the 1k,and bought more.I am in deeper now, and hope i do not get screwed more after i already lost my ass with the R/S. I might get lucky with the dividend if approved. PCLO at .44 now. The run up it had from .625 to 1.875 two days a go was on 38k.I wonder what the float is. Jim you were lucky and sold then early. I stayed in, and got deeper. Wish me luck Jim.This was not a pick of mine. In other Company news, Micromatix.net management announced plans to submit a stock dividend to the Board for their approval. The dividend, if approved, will consist of approximately 3.45 million shares of pcLoans.com (PCLO), which Micromatix.net has owned since 1999. If approved, the dividend will be issued on a share for share basis to shareholders of record as of September 30, 2000. The current price of PCLO is $.40 per share and while management hopes that current shareholders may profit from this dividend, they can make no promises as to PCLO's future successes. (PR NEWSWIRE) International Mercantile Corp. Secures $3 Million in Financing International Mercantile Corp. Secures $3 Million in Financing From H.A.A. of New York BALTIMORE, Aug. 16 /PRNewswire/ -- International Mercantile Corp. (OTC Bulletin Board: IMTE), d/b/a Micromatix.net announced that they have secured $3 million in funding from H.A.A. of New York. This funding will allow the Company to increase their sales force and provide for future projects, which should result in an increase in company profitability. Micromatix.net has already received $500,000 from H.A.A. to assist in the reduction of short-term debt and the advancement of Company operations. In order to secure this funding, the Board of Directors, on August 8th, 2000, approved a 7-1 reverse split of common stock. This split results in the Company's OTC Bulletin Board symbol change from IMTL to IMTE. In other Company news, Micromatix.net management announced plans to submit a stock dividend to the Board for their approval. The dividend, if approved, will consist of approximately 3.45 million shares of pcLoans.com (PCLO), which Micromatix.net has owned since 1999. If approved, the dividend will be issued on a share for share basis to shareholders of record as of September 30, 2000. The current price of PCLO is $.40 per share and while management hopes that current shareholders may profit from this dividend, they can make no promises as to PCLO's future successes. Micromatix.net is a recognized quality leader in the assembly of build-to- order, unbranded or "white box" PC systems and related hardware via its online "Business-to-Business", e-Commerce website, www.micromatix.net. Micromatix.net is ISO 9002 Certified. This certification is one of the most complete and thorough Documented Quality Systems in the industry. By utilizing ISO 9002 as its foundation for quality, Micromatix.net establishes itself as a superior quality provider for its customers, the Value Added Resellers. For further information, please contact M.Johnson and Associates, Toll Free at 1-877-893-8668, or www.mjaonline.com . This is a publication of M.Johnson & Associates (M.J&A), a financial communications and investor relations company. M.J&A serves as special advisor to the featured Company and has received fees for services and expenses for preparation and distribution of materials of said Company. This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. SOURCE International Mercantile Corporation -0- 08/16/2000 /CONTACT: M.Johnson and Associates, 877-893-8668, for International Mercantile/