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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?

To: Matthew J. Landi who wrote (623)	3/12/1998 9:05:00 AM
From: Gary G, Weathersbee	Respond to of 2595

Sorry to have stolen your thunder :)

To: Matthew J. Landi who wrote (623)	3/12/1998 9:43:00 AM
From: Ferick	Respond to of 2595

Matt: No, not bad, at all. A very respectable bottom line. Congratulations to all of us. Would it be possible to discuss the AAA property, here? I'd really like to know more about the vineyard. What has been happening there? I'd also like to know what an agricultural property such as AAA is worth in Italy. Will the land be cultivated this year? When will we be able to sample the first Araldica produced harvest? Yes, I'm full of questions (accused of being full of ----) and could go on and on. Again, congratulations. Cheerfully anticipating the official audited report but am encouraged as we all should be. Ned Serenat

To: Matthew J. Landi who wrote (623)	3/12/1998 10:30:00 AM
From: TLWatson59	Read Replies (2) \| Respond to of 2595

Mr. Landi: A question or two concerning the "unaudited" financial release. The figure for Land & buildings of 2,745,000. Is that based on your actual cost or a valuation given to the auditors by AWLT? What was the depreciation $ amount taken to arrive at the "(net)" in the fixed asset value? In other assets you carry an asset valued at $5 million for "prepaid television time." I have seen a number of claims by other companies for this type of asset valuation rejected by the NASDAQ as not qualifying under their acceptable accounting principles. Do you have or have your accountants a verified acceptance from the NASDAQ that this asset claim is valid? Inventories of $477,000 - sales of $8.4 million a turnover of 17.5X - most extraordinary performance for your industry. I look forward to the "audited" report and the accountant's qualifications if any.