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Microcap & Penny Stocks : LA Group, Inc. (ONTV - formerly LAAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Carol Putnam who wrote (399)	11/20/1997 5:02:00 PM
From: muffy	Read Replies (1) \| Respond to of 1140

FYI The new web site address is: 38.225.162.202 Muf

To: Carol Putnam who wrote (399)	12/3/1997 9:42:00 AM
From: Carol Putnam	Read Replies (1) \| Respond to of 1140

Business Wire out this morning! What-A-Product acquisition completed: ( BW)(LA-GROUP) LA Group, Inc. Completes Acquisition Of What-A-Product, Inc. Business Editors ROCHESTER, NY, & PHOENIX, Ariz.--(BUSINESS WIRE)--Dec. 3, 1997-- LA Group, Inc. ("NASDAQ BB: LAAQ") Mr. Daniel Fasano, President and Chief executive Officer of LA Group, Inc. today announced the completion of the acquisition of Phoenix, Arizona based What-A-Product, Inc. (WAPI) Mr. Fasano disclosed that LAAQ had purchased 100% of the outstanding shares of What-A-Product, Inc. from the WAPI shareholders through a stock exchange agreement. Mr. Frank T. Costanzo President of WAPI has confirmed the transaction. Mr. Fasano announced that initially, WAPI would be operated as a wholly owned subsidiary of LAAQ. He stated, "I am very pleased with the completion of this long pending transaction. This action will result in the LAAQ having its own proprietary line of products including the popular What-A-Saw (r)". Mr. Frank T. Costanzo, who will continue to work with WAPI and LAAQ, indicated that the existing sales and marketing agreements will continue in place. The agreement is between WAPI and Harriman, New York based Coordinated Strategic Alliances (CSA). QVC Inc. is CSA's primary customer for whom CSA has developed and marketed, in conjunction with WAPI, such products as the original What-A-Saw (r), What-A-Wrench (r) and the original What-A-Chair (r). Mr. Eric Levine, President of CSA stated, "We are pleased with this new relationship with LAAQ and look forward to LAAQ marketing these products through its As Seen On TV retail. We are further pleased that this arrangement will allow us to continue to market these unique products through the premiere electronic retailer, QVC". The principle offices of WAPI will be relocated to Rochester, New York. --30--eb/ny* CONTACT: Daniel Fasano of the LA Group, Inc. tel. 716-581-1910, fax 716-581-2068 or Frank T. Costanzo of the What-A-Product, Inc. tel. 602-598-1644, fax 602-705-5766 or Visit our web site at www.aseenontv.com or E-mail: invest@aseenontv.com KEYWORD: NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ