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


To: Auditor who wrote (3107)6/22/1998 9:08:00 PM
From: Wes  Respond to of 3967
 
Puffy:

About the $500,000 deal, the company say this was an "escrow" account set up by First Continental, SSI and Airstar when the lease contract was made. It was retained from the loan proceeds. First Continental wanted the account set up to pay for any "sales taxes" that might be due in the States where equipment was purchased and installed.

The funds could only be released if First Continental was satisfied that no sales taxes were due in these various States. Upon this being proven to their satisfaction First Continental released the funds to SSI and they were put in the SSI company account. They will be used for the Lease payments to First Continental as they come due. Sprint had nothing to do with this escrow.

The company says the only way you, Joe Lanza, or anyone else, could have gotten this information was to retain Airstar mail and bank statements and not send them on the company, which, the company asserts, is illegal and particularly so to have opened them without company permission.

Wes