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

To: Pugs who wrote (34819)	1/8/1998 3:00:00 PM
From: tonto	Read Replies (2) \| Respond to of 55532

Found it, To: +Ron Reece (33807 ) From: +tonto Tuesday, Jan 6 1998 2:30PM EST Reply # of 34821 Ron, you wrote: With only $72,000 in revenue from renting out the Hialea(sic) facility, I truly wonder how they pay the rent on the Ft. Lauderdale office, which J.K. has stated is a very nice office, as well as their own salaries, operational expenses, airline tickets, lawyer's fees. RMIL FILING ITEM 2. PROPERTIES The Registrant owns no real property. It leases manufacturing space consisting of 18,000 square feet located in San Cristobal, Dominican Republic. The monthly rent is $3,750 on a multi-year lease. The Registrant also leases manufacturing space, consisting of 2,400 square meters, located in Managua, Nicaragua. The monthly rental is approximately $6,300 on a multi-year lease. The Registrant leases manufacturing and administrative facilities located in Hialeah, Florida. The facility leased is 16,800 square feet. The monthly rental is $6,300 on a multi-year lease. Monthly rental is $6300, or on an annualized basis, $75,600. From the most recent 8K: 4.Ref. Olympus Mills, U.S.A. Inc. The portion of the leased facility of Olympus Mills USA, Inc. at 749 West 17th Street, Hialeah, Florida is currently being subleased to Ladies Wear for the amount of $5,000.00 per month and the Company's cutting equipment is being leased for an additional $1,000.00 per month. This agreement was entered into on June 24, 1996. The company has a negative cash flow from these two filings of $300 monthly, or $3600 annually. The company reports this to be profitable in the most current 8K: Due to the lack of business in the cutting facility in Hialeah the management decision to lease two thirds of the facility which has created a $1,000.00 profit per month for the Company. There is additional office space and factory area's which can be used by Olympus or leased out to other businesses. It was the managements' decision to consolidate all of the corporate offices to the Fort Lauderdale office which has created an additional savings of $3,000 to $5,000 per month in the companies overhead. Starting as of January 1, 1998 1,000 sq. ft of office space is being leased for an additional $400.00 per month. The company has not disclosed a reduction in their lease payments on the Hialeah plant obligation. Is anyone aware how this generates $1000 profit per month based on their disclosed numbers?