Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: joseph krinsky who wrote (21172)	11/23/1997 10:53:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 55532

Joey, I guess not... but I know enough to realize when a company is lying about the status of its business: ****************************************** FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 15, 1997--Olympus Ventures (OTC BB:OVIS.O) announced search for acquisitions in the retail marketplace. Olympus Ventures is moving into the Physical Fitness Clothing Arena by acquisitioning small, profitable companies. Management is currently in the final stages of negotiations with three companies being considered. These companies need a manufacturing arm to stimulate growth; while Olympus, to avoid starting from zero, needs stable, well-established companies in the retail marketplace. A six month study revealed that the profit centers in the garment industry exist in niche markets. Olympus is structured to use niche marketing techniques as instruments of profitability. Management believes that the timing is right to focus their efforts and move forward in these areas. Olympus' prime target for acquisition is a company that has been operating successfully for three years. This company must expand to keep up with increasing sales. Olympus can accommodate the growth of the company at the pace needed to satisfy the requirements. The Company presently supplies forty fitness centers in south Florida. The forty centers are currently taking all of the company's available inventory. The fitness centers are a small part of the chain boasting over 2,000 gyms and fitness centers throughout the world. Our goal is to supply 400 of the 2,000 outlets in the next twelve (12) months, which will only scratch the surface of the available market. Olympus has designed a distributor program to stimulate the growth of the product line. Independent distributors will be given well-defined territories based on population and market potential. The fee for the distribution rights will be $50,000. The contract provides the distributor with a $100,000 line of credit against the purchase of fitness products. Distributors must always maintain a minimum $100,000 inventory. Sales projections exceed $15,000,000 during the first twelve months once the merger has been completed. The company will have two separate divisions- one in manufacturing and the other in distribution. Both are structured to operate with a gross profit of 35%. -0- NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an "at" symbol between ovisusa and aol.com. Also, in the World Wide Web address noted in this news release, there is a double slash between http: and www.olympusventures.com . These symbols may not appear properly in some systems. ****************************************** What inventory!!?? I have the sickening feeling that this is a stock market equivalent of the People's Temple debacle. Not to say that I'm qualified to deprogram anyone... but I think the true reality check will be when this company fails to come through on its promise of a financing deal. Regards, Ron