To: Tadsamillionaire who wrote (786 ) 4/14/1998 9:47:00 PM From: rharris Read Replies (1) | Respond to of 1121
Check out PCAP: TOCK RESEARCH: PCAP Ticker: PCAP Exchange: OTC:BB Company Name: PRENTICE CAPITAL INC. Street/Suite: 1499 W. PALMETTO PARK RD., #304-A City/State: BOCA RATON, FL 33486 Phone: 561-416-0123 Contact person: MATT DWYER (investor relations, acquisition consult.(954-345-4550) CEO: WILLIAM HAYNES Descr. of Bus: Prentice Capital is becoming a managed care provider. It's first acquisition is Imaging Management Association, Inc. which has four stationary MRI centers, one mobile MRI trailer, proj. rev. '98 = $5.5 - $6M. Net revenues would be about $1M. They are also are aggresively attempting to acquire other MRI centers as well as physician practices which would utilize MRIs. In order to meet NASDAQ asset requirements they acquired (last year) 2000 acres in St. George, Utah which has 12 sites. 4 of the 12 sites have proven reserves of 5M tons of pharmaceutical grade gypsum (calcium) which has a wholesale value of $300 per ton (approx. costs are $62 to mine,bag,ship) = 5,000,000 tons X $200 per ton = $100,000,000. Startup costs are a couple hundred thousand dollars for which the company has already arranged financing. Don't forget these are only 4 of the 12 sites. After their mining study is completed they will be entering into a JV with a mining company to operate the mine and sell the gypsum. Approx. Shareholder information: Shares Issued: 12.1 M Free/Trad. Float: 2.1 M Transfer Agent: Corporate Stock Transfer Phone#: 303-595-3300 Contact: Carolyn Bell Impending News: More acquisitions pending, more news to follow Sec filing: Already fully reporting company, 10 K is currently in process for '97. With the acquisition of Imaging Management completed they will be applying for NASDAQ listing. Website: not currently, in the process Disclaimer: The above information was obtained from Mr. Dwyer. Due to the above and the possibility of a lot of news ahead, this one fits the criteria of this forum......watch it...... Richard