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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (27)	1/28/1998 9:23:00 AM
From: Zebra 365	Read Replies (1) \| Respond to of 4783

Yes, I have taken a significant position. The stock is oversold IMHO and I belive it is due to shorting by the S-3 debenture holders. Once they realize the company is serious about holding them to the terms of the Debentures, and will not issue the new shares, they will have little choice but to cover. Zebra

To: Andrew H who wrote (27)	1/30/1998 12:43:00 PM
From: Tummus1	Respond to of 4783

News----- biz.yahoo.com Packaging Signs Vallerie Trucking Contract PLAINVIEW, N.Y., Jan. 30 /PRNewswire/ -- Packaging Plus Services, Inc. (OTC Bulletin Board: PKGP - news) announced today the execution of a formal purchase agreement for the purchase of all of the assets of Vallerie's Transportation Services, Inc. Vallerie's is a $30,000,000 regional transportation company. It has approximately 300 employees and in excess of $3,000,000 in assets including equipment. A formal order for the approval of the purchase agreement will be immediately submitted to the U.S. Bankruptcy Court in Connecticut, which is overseeing the Vallerie's reorganization, subject to the Court's rules and procedures. PKGP's President and CEO, Mr. Richard A. Altomare was quoted as saying, ''The reorganization of Vallerie's will be made easier with the $3,500,000 credit commitment we recently obtained from Allstate Financial of Virginia.'' FQ Transportation, PKGP's wholly owned subsidiary, will purchase the assets and oversee Vallerie's operation and other future transportation acquisitions. PKGP's other subsidiaries are the Association of Packagers and Carriers, Inc. (APAC), a nationwide association of independent postal centers. The association provides access to business services and logistically convenient and cost effective delivery of goods worldwide. Packaging Plus' other subsidiaries are engaged in advertising, logistical services and concierge services. TW