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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: JRR4 who wrote (236)	4/21/1998 12:32:00 PM
From: JRR4	Read Replies (1) \| Respond to of 4767

We're finally up again. A long morning with no communication. What's the concensus on the news this AM? Was that the BANG? ---------------------------------------------------------------------------------------------- Financing for Expansion Program Secured by Entertainment Technologies & Programs Inc. HOUSTON--(BUSINESS WIRE)--April 21, 1998--A multi-million dollar equity financing package has been obtained by Entertainment Technologies & Programs Inc. (OTC Symbol:ETPI - news). Chairman and CEO, James ''Doug'' Butcher announced today that the Company has secured a significant amount (several million dollars) of additional investment capital. The money will be utilized to accelerate the Company's aggressive expansion and acquisition plan. A portion of the equity financing will be used to open new family entertainment centers. Family entertainment centers operate at gross profit margins as high as 85 percent. Entertainment Technologies & Programs Inc. is a fully-integrated entertainment and amusement company. They have established a solid business base and stellar reputation supplying a wide variety of entertainment services to U.S. military bases around the world. The are now aggressively expanding their entertainment expertise into private endeavors. Their corporate growth strategy is aimed at the acquisition of selected restaurants, family entertainment centers and other operational private sector establishments with significant profit potential. Chairman and CEO, James ''Doug'' Butcher stated, ''This financing will provide the strength we need to maintain the current rapid growth and expansion strategies.'' Entertainment Technologies & Programs Inc. is a government- approved supplier of entertainment services on U.S. military bases worldwide. The Company has an AFNAF (Air Force Non-Appropriated Funds) contract. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ------------------------------------------------------------------------ Contact: Entertainment Technologies & Programs Inc., Houston Pete Cahill, 281/486-6061