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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?


To: C. Riley who wrote (209)12/7/1997 11:36:00 PM
From: Ferick  Read Replies (1) | Respond to of 2595
 
Subject: Re: NEWS Stockswatch
Date: Sun, Dec 7, 1997 20:53 EST
From: Haroldoo7
Message-id: <19971208015300.UAA12738@ladder02.news.aol.com>

Well, here is the gist of the E-mail that I got.

During Oct. profile we brought to you Araldica Wineries. We are still as impressed today as we were when we initially brought to you, our Preferred Subscribers, this unique company.
During the past month since Stockstowatch brought you this Company, management has been agressively pursuing its growth strategy that is bringing rapid results to top line revenue, net earnings and net value to the shares. STW felt it was imperative to delay our Dec profile by a minimal time to update and inform you of developments that are rapidly going to change the path of this Company.
There were two acquisition announcement this week that add tremendous value to the shareholders of this rapidly growing Co. The first that was closed this week is of a Connecticut based marketer and distributor of specdialty food and healthy juce products Gold Coast Distributors, Inc. Some of the products that the Company (Gold Coast) distributes are Mad River Beverages, After the Fall natural Juices made by Smuckers and Nordia natural beverages.
The Company saturates the dis. areas from New York to Boston which adds eight states for Immediate dis. of Araldica's products. The acquisition of this Co. is invaluable to the overall objective of Araldica with the addition of new, eager management and diversification of new products into Araldica's existing channels as well as opening the door to new chanannels as a result of the acquisition. While the Co. Gold Coast sales will add roughly $l mm
to the top line, the bigger picture is that it opens new chnannels of distribution and the diversity to Araldica's existing product lines. The acquisition does add about .02 per share to the FsY97-98 sales without any expectation of reduced operating expenses and/or increases as a result of the acquisition.
Secondly, the Co acquired Antogianni Winery operation of Italy. This adds opver $3.621 million dollars to the book value of the Co. which represent roughly $.40per share to the NET VALUE OF THE SHARES. The purchase price was less than 33% of the value of the assets. Acording to management, this will add top line revenue (sales) of $5 to 7 Million dollars per luyear with fully diluted earnings of $l.l38 to $2.238<Million per year or roughly $.l2 to $.15 cents per share fully diluted.

There was a little more but this is the gist of it. Anyway it looks very good to me, hope this helps.