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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Ben Mackenzie who wrote (830)	3/31/1998 7:43:00 PM
From: bob jaremsek	Respond to of 1028

KNICKERBOCKER L L CO INC has filed a Form 10KSB with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com

To: Ben Mackenzie who wrote (830)	4/9/1998 1:08:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) \| Respond to of 1028

There's just NO WAY this thread hasnt been active since March 31st...anyway, looks like Good Ol' Lou felt the need to clear the air. KNIC was up over 15% today. Wednesday April 8, 3:47 pm Eastern Time Company Press Release L.L. Knickerbocker Chairman Says "No Reason for Stock Sell-Off Core Business and Investments are Sound" LAKE FOREST, Calif.--(BUSINESS WIRE)--April 8, 1998--The L.L. Knickerbocker Co. Inc. (Nasdaq/NMS:KNIC - news) issued a statement Wednesday from Louis L. Knickerbocker, chairman and chief executive officer and Robert L. West, chief operating officer. ''We see no reason for the sell-off of our stock,'' said Louis L. Knickerbocker. ''Despite operating losses in 1997, which were directly related to our acquisitions, L.L. Knickerbocker has had a history of positive earnings and we are on track for continued profitability in 1998. ''The company's core foundation is the strongest it has been at any time in our history. We are strongly positioned in the marketplace as our 1997 expansion has resulted in greatly increased market share. Our investments and investment strategies have proven sound.'' West said: ''L.L. Knickerbocker has a clear strategic roadmap it is following and our team is working in a very focused way to accelerate positive earnings per share by (1) spinning off or restructuring money-losing operations; (2) consolidating warehousing and distribution facilities; (3) streamlining and reducing manufacturing payroll; (4) consolidating customer service and call center activities; (5) outsourcing activities that can be performed more efficiently outside; (6) merchandising our brands; (7) continuing to develop key strategic alliances; (8) reassessing our SG&A costs and initiating further cost cutting; and (9) completing the consolidation of our acquisitions into our core business.'' Knickerbocker added, ''Our investment in Pure Energy Corp. was clearly validated when the U.S. Patent and Trademark Office issued the first-ever non-petroleum gasoline substitute patent entitling its fuel as an 'alternative fuel,' with a formal petition for certification pending before the Department of Energy. ''Our investment in Ontro Inc., with their patented self-heating container technology, has been validated with their filing of a registration statement for initial public offering. ''Our investment in Arkenol Asia Inc. has been validated by the unprecedented signing of a Memorandum of Understanding with Central Resource Northern Development Co. of China and Regal Best Limited of Hong Kong to build the first of 100 biorefineries in China, using Arkenol Asia's patented technology relating to the conversion of biomass materials to chemicals, ethanol and other environmentally friendly end-use products for sale in China.'' In concluding, Knickerbocker said: ''Our company is a premier competitor in our core business, and our investment strategy is solid. Our management team is stronger than it's ever been, and our ability to manage future expansion is solid. Our banking relationship is excellent and our debt structure is one of the best in the industry. ''Our balance sheet is very strong, as measured by our increase in current ratio from 1996 to 1997. The 1997 operational results reflected the impact of our acquisition of four subsidiaries with $8 million of losses prior to the acquisitions. ''These acquisitions have enabled us to integrate our core business, both vertically and horizontally, and have positioned the company for dramatically expanded sales and market penetration. ''After 12 months of consolidation and reorganization, we have brought these acquisitions to profitability. As the consolidation is now behind us, we are positioned to realize the benefit of this strategy and to move forward in 1998.'' The L.L. Knickerbocker Co. is a diverse international company with operations in three strategic divisions: collectibles, jewelry and investments. The company markets all of its products worldwide. Through its investments division, it has a 50 percent equity interest in Arkenol Asia, a 35 percent in Pure Energy Corp., and a 28 percent interest in Ontro. For more information, visit The L.L. Knickerbocker Co. Web site at www.knickerbocker.com. This news release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices, and other factors. The company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. Contact: The L.L. Knickerbocker Co. Inc. Robert L. West, 714/595-7900 or Financial Sciences of America Fran Daniels, 310/278-4413