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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (11635)	4/28/1998 2:11:00 PM
From: TokyoMex	Read Replies (6) \| Respond to of 34592

Any one want some coffee ? 800,000 float,, word is out we are doing DD,, News out merger with L Jeans,, expandig 250 new stores.. Coffee People (Nasdaq:MOKA) Shares outstanding-3.3 million Float-800,00052 week low-$2.38 52 week high $6.25 52 week low #2.38 Institutions own 20.6% 5 year revenue growt rate-28.5% v. 16% industry average Clean balance sheet First Call estimate for 1998-.12 !st quarter due 4/30-.02 estimate Average trading volume-22,100 shares Coffee People, Inc. is a specialty retailer and operator of coffee houses. In the midst of a turn around. Reported on February 10 a profit for 4th quarter 1997 earnings of .06 after losses earlier in the year. Sales increases 91% over same quarter prior year. "we are extremely pleased with the company's return to profitability" said CEO. "We are seeing the benefits of our restructuring." Proposed merger between MOKA and The Second Cup, Ltd (TSE:SKL) is proceeding. As part of the merger, Gloria Jean's, a wholly owned subsidiary will become a wholly owned subsidiary of Coffee People. In exchange, Coffee People will issue approximately 7.5 million shares of Coffee People stock to The Second Cup giving it 69.5% owmership of the combined company. Gloria Jean's is a leading specialty coffee retailer in the U.S. with 277 stores, 246 of which are franchised. For its most recent fiscal year ended June 1997, Gloria Jean's had sales of $101 million. The merger strengthens the combined company's position as the second largest specialty coffee retailer in the U.S. "This pending merger is a strong strategic move for Coffee People," said Devine. "It provides greater resources for further expansion of the Coffee People concept in Oregon and Arizona as well as the opportunity for improved financial performance."