To: Amanda Marley-Clarke who wrote (20 ) 11/4/1998 9:29:00 AM From: Garry Read Replies (1) | Respond to of 240
From Stockman forum: Subject: New stock(FRL.A): Mike E FIRELIGHT CORP (FRL - A.S.E) I followed this one in here about a year and a half ago and it did quite well, however I backed off when I thought it had gotten ahead of itself (1.90 range) and thought they should show some revenues to justify. I am now re-introducing the company as I feel they are on the verge of success and the stock is sitting quietly at .65 to .75. There are approx 8.5 million shares out with about 4 million being performance shares, directors own about 60 % of shares outstanding. I will be involved with IR in this deal. Here is a one pager with some highlights on the co plus the latest news release , I will be in with more info as it comes... Butch Harmon, coach of Tiger Woods, endorses Accumaster! Firelight Corporation is hitting the greens of the multi-million dollar golfing industry with its new line of golf instructional products. The premier product, the Accumaster Golf Training system, is endorsed by Butch Harmon, coach of 1997 Masters champ Tiger Woods and whose past clients included Greg Norman and Davis Love III to name a few. Final packaging is now complete and Firelight's Accumaster product is set to begin airing on TV in a series of infomercials commencing October 17,1998. Accumarketing LLD. of Salt Lake City will begin airing the 1/2 hour infomercials featuring Butch Harmon at his club, The Reo Secco in Las Vegas, Nevada. Company Highlights * Agreement with Butch Harmon regarding endorsement of product. Mr. Harmon appearing on packaging as well as in commercials, infomercials and instructional videos * The Accumaster TM Golf Training System, each package consisting of four "patches",one video and one instructional reference wheel is now complete and ready for marketing * Product to be introduced to international markets shortly * Accumaster pads extremely appealing to major corporations for promotions * Research Council of Canada grant money awarded to FRL for development of Liquid Crystal Technology as used in "accumaster" product * Potential for numerous offshoots as result of strides made in Liquid Crystal technology * Firelight's unique BBQ went on sale this October with initial order from major wholesaler Costco * Proposed expansion of Firelight Camping line of products * Company is debt free * 8,592,000 shares outstanding fully diluted * Current share price $0.65 - $0.75 Cdn NEWS RELEASE Major Costco order Firelight Corporation FRL Shares issued 8,567,571 Oct 23 close $0.72 Mon 26 Oct 98 News Release Mr. Brad Hope reports Firelight's U.S. distributor, Ducane, has sold 6,000 Firelight brand camping stove/barbecue units to Costco, a discount wholesale club company based in Seattle, Wash. This is a big breakthrough for this unique, patented product. Firelight anticipates it will be popular with the public who will recognize its versatility not only for camping but also for use in the boating and recreational vehicle markets, as well as for backyard and even emergency use. Costco has 248 discount store locations in the United States and Canada and Firelight anticipates other major discount chains will be attracted to carry the Firelight camping grill/barbecue now that Costco has committed to the product. Firelight is planning additional camping products. Once the company has firmly established a reputation among the majors for producing attractive, reliable products, it feels it can add others and gain strong brand recognition. Firelight's major product is the Accumaster golf training system. The Accumaster kit is comprised of liquid crystal display pads, an explanatory video featuring Butch Harmon (Tiger Woods' coach) plus an instructional wheel to use in conjunction with the pads. Mike E