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Microcap & Penny Stocks : EDII -- Ignore unavailable to you. Want to Upgrade?

To: BigDaddyMac who wrote (814)	6/6/1998 6:40:00 AM
From: jmt	Respond to of 2849

Ken - appreciate your eforts. Look forward to the details

To: BigDaddyMac who wrote (814)	6/6/1998 4:44:00 PM
From: Ken M.	Read Replies (6) \| Respond to of 2849

Sorry bout taking so long to get back. I'm going to be posting several posts regarding the info I've found out, so after reading this one, look for the next of several to come: EDII's core starting business's before the acquisitions are Pitts & Spitts, Har-Whit, Brenham Oil & Gas, and Texas Real Estate Enterprises. Pitts & Spitts and Har-Whit are located at a manufacturing plant located at 14221 Eastex Fwy Houston Tx. 77032-4916. Pitts & Spitts Bar-B-Que pits carry a full line of heavy metal BBQ grills, along with all acc.'s from gloves to pre-cut wood for use in there pits, and their products are sold all over the world. Their top of the line product is called The Pitts & Spitts Ulimate Bar-B-Que pitt which retails for over $1700.00, and the company has been unable to keep up with demand for their grills, some of their models being on backorder for months. On March 23, 1998 they received a $750,000 line of credit to use in expanding their manufacturing plant in order for them tp be able to keep up with demand for their Grills.In 1997 the Tabasco summer cookoff contest offered Pitts & Spitts Ultimate pitt as the first prize for their contest. Also the best BBQ cookbook titled Smoke & Spice lists Pitts & Spitts products as the top of the line in BBQ'ing. I also found that BBQ lovers have their own internet forum called The Bar B Q Connection Forum, and just doing a little browsing I found that P&S were mentioned quit alot, even some guy from England trying to get P&S's phone #. Now looking at just their top of the line product, u know that there can't be more than $200.00 dollars in material put in to it, and being very liberal in alowing $300.00 for labor u are looking at a net profit per grill of $1200.00, AND THEY ARE BACKLOGGED. I did some checking and the expansion on their plant is underway. Har-Whit who make parts for the oil and gas industry, is well known by major companys in that indusrty for making quallity parts, and since the expansion of their facillity, they are geared to take advantage in the raise in oil prices, which will in turn make it profitable again to start drilling new wells. Now with Texas Real Estate Enterprises and Brenham oil & gas, both co's of EDII also, they both seem to be involved with this land in Galveston Bay. There is rumors of some big oil tycoon that lives in Texas and a co called Sun Oil involved in some kind of negotiations over this land, but i'm still working on it and will try to get back with you on that. Now this was EDII before acquisitions. There 97 year ending profit was $5,000,000.00. That figure came straight from the mouth of a person who saw the 1997 filings. thats it for now, i'm going to eat, and then return with news about the new co.,s, stand by this is just the tip of the iceburg.