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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace -- Ignore unavailable to you. Want to Upgrade?

To: Jamessmith who wrote (1528)	4/3/1998 5:02:00 PM
From: YoMaMa	Read Replies (2) \| Respond to of 3046

PALM SPRINGS, Calif., March 9 /PRNewswire/ -- MediaConcepts, Inc. (OTC Bulletin Board: MDCE) -- In its continuous effort to become a fully reporting company, Mr. Robert Torres, Chief Financial Officer of MediaConcepts Inc. said today, "We have retained the services of Security Attorney, Iwana Alami in Newport Beach CA, to assist MediaConcepts, Inc. with becoming fully reporting including all necessary filings for 10SBs, 10-Ks, and 10-Qs and any other required filings, and bring our company current within SEC and Nasdaq requirements. We are looking to be in full compliance with reporting by May 1, 1998." Mr. Torres is pleased to inform our shareholders that, "Our 10K for the year ending 1997 should be completed within two weeks. The completion of this filing is one more step in our company's goal of becoming a fully reporting company." Mr. Torres also explained in more detail the terms of their recent acquisition of the cosmetic company Distributions Pasadena International Inc. MediaConcepts will give 1.2 million shares of restricted stock for 100% Ownership of Pasadena. Part of the transaction includes a management contract with the present management team to stay on for a term of 5 years with a 5 year extension. Pasadena's current sales is equivalent to 18 cents per share earnings. The goal is to increase sales over the next 12 month period to the 10-12 million dollar range, by expanding sales in Canada, and extending the product line into the US market. This would provide MediaConcepts, Inc. with approximately 50 to 55 cents per share earnings. The acquisition is the first in the efforts of MediaConcepts, Inc. to provide a consistent flow of regular earnings to enhance shareholders value in this company, with solid earnings per share on a regular basis. Torres states, "We are looking to increase earnings in MediaConcepts, Inc. through a few key acquisitions, which would provide hard assets, and strong growth potential for our shareholders, and give the company recurring per share earnings, with substantial cashflow." All film projects are moving forward and as production dates are set there will be further press releases. MediaConcepts is a diversified company, currently in film and entertainment, and cosmetics, expanding in its effort to increase assets, and earnings per share to build shareholder value. /CONTACT: Ed Brody, Corporate Communications for MediaConcepts, Inc., 760-320-9720/ I did some digging and came up with this post on AOL ....also Undervalued Dog does have .03 EPS for 97 and estimate .47 for 98 ....UD does interview the company before they recommend them so .03 should be close to what we should expect ! Which should be more than enough to get MDCE share price rollin again.