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


To: Zakattack who wrote (12021)4/29/1998 12:15:00 PM
From: TokyoMex  Read Replies (3) | Respond to of 34592
 
Bought another 4,000 x 17 13/16 ZD ,,



To: Zakattack who wrote (12021)4/29/1998 12:16:00 PM
From: barbara sperino  Read Replies (2) | Respond to of 34592
 
the link you sent is only good if you are member. here is news on auto. Sounds like co. is going in the right direction.
==============================================================================
(COMTEX) AutoInfo, Inc. Announces Sale of Automobile Receivables
AutoInfo, Inc. Announces Sale of Automobile Receivables

MONTVALE, N.J. (April 29) BUSINESS WIRE -April 29, 1998--AutoInfo, Inc.
(NASDAQ: AUTO) today announced the sale of 971 automobile receivables
with a net balance of approximately $7.1 million for cash proceeds of
approximately $6.2 million. Such proceeds were used to reduce the
outstanding balance on the Company's warehouse facility.

Scott Zecher, President and Chief Executive Officer of AutoInfo
stated, "This sale brings our total sales of automobile receivables to
approximately $20 million. These sales coupled with the recent
retirement of $2 million of subordinated debt and other cost saving
efforts implemented by the Company during the past several months are
in furtherance of the Company's restructuring plans aimed at
establishing a solid financial base upon which to build shareholder
value."

AutoInfo, Inc. is a specialized consumer finance company that acquires
and services retail installment contracts from automobile dealers
selling new and used vehicles to non-prime customers.

-0- kvc/ny*

CONTACT: Scott Zecher
(201) 930-1800

Extension 180

KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: BANKING AUTOMOTIVE Today's News On The Net -
Business Wire's full file on the Internet

with Hyperlinks to your home page.
URL: businesswire.com

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