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To: SnakeCharmer who wrote (1350)	5/13/1998 7:22:00 PM
From: Jim B	Read Replies (5) \| Respond to of 4783

COuple things from that first link you gave.. and thanks.. March 18,1998 "Also, the Company announced the signing of a letter of intent to purchase Vallerie's Transportation Services, Inc., a $28,000,000 regional transportation company with 300 employees and in excess of $3,000,000 in assets, including equipment. This acquisition is pending. " So this deal isn't completely over yet apparently. "On January 16, 1998, the Company, in a press release, announced the suspension of conversions with respect to its "offshore" convertible debentures, since the Company believes several debenture holders had breached the terms of the Subscription Agreements relating to the debentures. The Company expects this matter to be resolved on terms favorable to the Company. " This was also interesting.. since it deals directly with what we're probably experiencing right now... "Similarly, for the six month period ended December 1997, total income was approximately $1,422,000 compared to approximately $229,000 for the prior year period. Cost of revenues was $782,000 and $25,000 respectively, resulting in gross operating income for the periods of $640,000 and $204,000 respectively. " This was also nice to see... It's a start and this was only 60days ago. Thought some of the new people would like to see this. jim