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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Riley who wrote (1117)	2/10/1998 7:28:00 AM
From: Theo	Respond to of 1574

Mark, If you look closely, the current press release states: (MONY) has committed to a three year sponsorship of the Classic Series, valued* at $750,000.* Keyword being valued. Doesn't mean they commit just/only/any cash. Here is the previous press release from November 10, 1997: PHOENIX, Nov. 10 /PRNewswire/ -- AccSys Global Network Inc. (OTC Bulletin Board: ACCY - news) is very pleased to announce that the Raven Golf Club at South Mountain will be the host site for the Scottsdale Classic, the inaugural event in the Classic Series of professional golf tournaments. In addition to supplying the golf course and site fee, Raven Golf Club will provide the use of its facility for sponsor entertainment and media events. The total sponsorship is valued in excess of $100,000. Raven Golf Club at South Mountain is affiliated with Mutual of New York (MONY), via it's relationship with the Pointe Hilton Resort at South Mountain. MONY is a part owner of the Pointe Hilton Resort group. The Scottsdale Classic will be held March 30, 1998. MONY was essentially providing the course and amenities involved. Not a bad deal as that would free up cash for other concerns. Perhaps some sort of arrangement has been provided again? Sidenote: Something else that was also talked about back then that I haven't heard about recently is the offering the players the option of stocks in lieu of cash. While I don't advocate "printing paper" or the dilution of stock, having players accept stock would provide a psychological lift as we all know that they wouldn't accept it if there was any possibility of not being profitable. Their gain would be our gain as well. That's assuming they were given the option of course. Speculation on my part. Theo

To: Mark Riley who wrote (1117)	2/10/1998 10:15:00 AM
From: flightlessbird	Read Replies (2) \| Respond to of 1574

Mark: I believe that the emphasis being placed on "valued" by some is probably inaccurate. Remember ACCY has only begun planning its 1998 tournaments so far. There is no way to tell how many tournaments it will sponsor in 1999 or 2000. They have to use "valued at" at this point since it is only an approximation based on anticipated tournaments. More or less tournaments could shape that value. But it is a commitment, as I read it, to sponsor the SERIES for the next 3 years, so that means whatever the number ends up being. They just can't pinpoint the precise value until the full range of tournaments are planned. Again, it is an inked contract, just the precise dollar amounts that will remain flexible as the Classic Series evolves. Also, as for offering free use of sites, etc. as in the Raven release, I don't read that anywhere into the press release. I read this as a direct sponsorship, separate and apart from that issue.