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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Jon Swift who wrote (2241)	5/22/1998 5:43:00 PM
From: uu	Respond to of 3967

Response from the Network with regard to the buy out (NEWS just hit the wires) May 22, 1998, Zapata Corp. (NYSE:ZAP - Reuters) reported that it submitted a proposal to acquire Airstar Technologies Inc. (OTC Nasdaq:ASTG - news) in which ASTG shareholders would receive a small french fries at Burger King in exchange for each ASTG share. Separately, ASTG stated that it is considering the offer "aggressively". The letter stated that ZAP would pursue a transaction with ASTG only on a friendly basis and with the approval and support of ASTG's board of directors, consultants, promoters and CEO(s). About Zapata: ZAP conducts operations in two business segments: marine proteins and food services. The company produces and sells marine products and supplies food packaging products and food service supplies. For the three months ended 12/97, revenues rose 15% to $29.5 million. Net income from continuing operations rose from $1.9 million to $4.6 million. Results reflect higher price and sales volume for its fish meal and fish oil products. Earnings also reflect an improved operating income. About Airstar: Airstar conducts operations in two business segments: Providing telecommunication services to brave soldiers in addition to the production of most popular SEE-BS sit coms. The company produces and sells sit coms exclusively to SEE-BS network. For the three months ended 12/97, revenues rose 54% to just under $7 million while losses increased by 50%. Long Live Airstar Technologies Inc. Message 4326240