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

To: JRR4 who wrote (241)	4/21/1998 1:00:00 PM
From: Gator	Read Replies (2) \| Respond to of 4767

You're right, I did call. Amount of financing was $2.6 million. Didn't go into the specifics of the terms, but was told that the company was originally offered very favorable bank terms, and this deal was even better. The big story here (I'm quoting Bruce Pollock on this) is not the financing, but what they are going to do with it. This financing along with their cash flow from operations will allow them to open 50 to 100 entertainment centers, which could generate up to $100 million dollars in revenue (not bad, $2.6 mil in financing for $100 million in revenue). Currently opened centers have shown up to an 85% profit margin, so the returns could be tremendous. They have several available lease options in existing strip center/mall type of locations to commence the buildout (they aren't building anything, they get in cheap by leasing existing property). I was also told that we could be seeing an announcement regarding filing for an Amex listing sooner than we expected (after listing, we're probably looking anywhere from 30 to 90 days for actual listing I would guess). Was also told that the financing is NOT THE BIG NEWS for the week! Gator