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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Steven Messina,L.M.T. who wrote (860)	6/9/1998 5:25:00 PM
From: Dale Geffrey	Read Replies (1) \| Respond to of 1028

Another release that sounds good; the market could have cared less. Tuesday June 9, 10:06 am Eastern Time Company Press Release SOURCE: The L. L. Knickerbocker Co., Inc. An Affiliate of Credit Suisse First Boston Corporation Leads Investors in $7 Million Private Placement For L. L. Knickerbocker LAKE FOREST, Calif., June 9 /PRNewswire/ -- The L. L. Knickerbocker Co., Inc. (Nasdaq: KNIC - news) announced today it has completed a $7 million convertible financing with three institutions lead by an affiliate of Credit Suisse First Boston Corporation. The instrument bears interest at 6% and will be converted, subject to shareholder approval, into non-voting convertible preferred stock which is expected to generate significant savings in interest expense to the Company. ''The use of proceeds from this private placement will provide us with additional capability to capitalize on our marketing efforts and purchase more inventory for increasing demand on sales,'' said Robert West, Chief Operating Officer. ''Our development efforts have yielded us strong product introductions and we want to make sure we can enhance that effort short term and long term, all of this with an eye on building shareholder value. The L. L. Knickerbocker Co., Inc. is a diverse international company with operations in three strategic divisions: collectibles, jewelry and investments. The Company markets all of its products worldwide. Through its investments division, it has a 50% interest in Arkenol Asia, Inc., an approximate 28% equity interest in Pure Energy Corporation, and an approximate 13% equity interest in Ontro, Inc. [Nasdaq:ONTR - news], adjusted for a recent public offering. This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices, and other factors. The Company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. Dale