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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop" -- Ignore unavailable to you. Want to Upgrade?

To: ExtraBases who wrote (1714)	2/10/1998 11:53:00 PM
From: Naggrachi	Respond to of 1985

Someone liquidated their possion, no? It seems that the partnership was disolved and the stock sold, right? Zead

To: ExtraBases who wrote (1714)	2/12/1998 9:48:00 AM
From: ExtraBases	Respond to of 1985

Thread, <<< JTS Announces $10 Million Financing Agreement With NationsBanc SAN JOSE, Calif., Feb. 12 /PRNewswire/ -- JTS Corporation (Amex: JTS) announced the completion of a $10 million financing line with NationsBanc Commercial Corporation, a subsidiary of NationsBank (NYSE: NB). The company intends to use the financing for working capital purposes. "We are very excited to be working with NationsBank, one of the world's leading financial institutions," said Joe Prezioso, Chief Financial Officer of JTS. "This financing with allow us to expand first quarter production to meet forecasted demand for our Champion II Desktop Product Family." The new banking arrangement with NationsBanc provides for revolving advances of up to $10 million. The advances are secured by accounts receivables, inventory, as well as other company assets. JTS Corporation is a leader in information storage products. The company designs and manufactures hard disk drives for personal computers, and markets them to leading systems manufacturers and selected resellers. JTS is committed to providing best-in-class hard drives at value prices to support personal computing. The president and chief executive officer of JTS, Tom Mitchell, was formerly the president and chief operating officer of Conner Peripherals and co-founder, president and chief operating officer of Seagate Technology. For further information, contact JTS Corporation at 166 Baypointe Parkway, San Jose, California, 95134. Phone: 408-468-1800 Fax: 408-468-1619. Website: www.jtscorp.com NOTE: Champion family is a trademark of JTS Corporation. All other product, company and organization names cited may be trademarks of their respective companies or organization. The discussion in this Press Release contains forward-looking statements that include certain risks and uncertainties. The company's borrowing base could vary from quarter to quarter. Factors that could cause or contribute to such variances include: obtaining additional qualifications at additional OEM accounts, the uncertainty of market acceptance of the Company's products; the highly competitive market; the Company's ability to achieve and maintain volume shipments of products mentioned in this press release; the Company's dependence on its relationship with major OEM accounts; its dependence on a single manufacturing facility and those additional risk factors discussed from time to time in the Company's SEC reports, including but not limited to the Company's Annual Report on form 10K for the year ended February 2, 1997. SOURCE JTS Corporation CO: JTS Corporation; NationsBanc Commercial Corporation; NationsBank ST: California IN: FIN SU: FNC >>> --Dennis