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Microcap & Penny Stocks : MIS International (NASD/BB: MISM) -- Ignore unavailable to you. Want to Upgrade?

To: Leroyt who wrote (152)	2/12/1998 8:05:00 PM
From: Ted B.	Read Replies (1) \| Respond to of 264

I talked to Masters and here is the drill. The deal is firm and will close in April. MISM is buying 220 locations of which 200 are under franchise and the rest are franchisor owned. 15 of these 200 are franchised but owned by the franchisor. Revenues are about $55,000,000 for the 220 locations Royalties which accrue to Franchisor are 6% which amounts to about $3,000,000. Also about $4,000,000 will be earned from sales of products to these franchisees and from franchise fees. Total abvout $7,000,0000 profit per year. The purchase price for all this is $7,000,000. This sounds too low to be true . We will have to wait and see. Financing has been arranged and will be announced,I believe, tonight.