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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers -- Ignore unavailable to you. Want to Upgrade?

To: Rory McLeod who wrote (572)	7/14/1998 8:48:00 AM
From: Grupo Brad	Read Replies (1) \| Respond to of 4624

Rory, My apologies for not posting the final Trading Logs, etc.. My hard drive has crashed on one computer. I'm the proverbial "computer dummy" and haven't figured out how to copy, paste, save, transfer, etc. on this one. Completely different steps and I'm scwewin' em' up. My apologies. I will be leaving for St. Martin this Thursday (July 16th) and then to Disneyworld for DCTC Shareholder Meeting on the 30th. Will not return until Aug. 3rd. I should have everything back to normal at that time. Sorry I can't be of help at present. Brad

To: Rory McLeod who wrote (572)	7/14/1998 8:48:00 AM
From: dexx	Read Replies (3) \| Respond to of 4624

Jones Naughton Completes Acquisition of Affiliated Marketing Services AMS to be Cornerstone of New Acquisitions Corporation LOS ANGELES--(BUSINESS WIRE) -- July 14, 1998 -- Jones Naughton Entertainment, Inc. (OTC BB: JNNE) announced today they have completed the acquisition of Affiliated Marketing Services, Inc. (AMS). Jones Naughton has formed a wholly-owned subsidiary for the purpose of acquiring AMS, Inc. and all of AMS' assets including THE SMART SHOPPER SAVINGS GUIDE and THE ENTERTAINER AND LIFESTYLES MAGAZINE. The new company will retain the AMS name and will absorb all business activities of Jones Naughton's Community Marquee Division, including the Community Marquee Kiosk advertising program. AMS is an established and growing Del Mar, CA based multi-media publisher, advertising agency and media buying concern with current annual revenues in excess of $1 Million. The purchase price of $597,000 will be paid out over three years. Jones Naughton projects AMS' annual revenues alone will reach $2 Million in 1999, $3.8 Million in 2000 and $6.1 Million in 2001. AMS President Paul Hentschl will be appointed President of the new division, and will lead a seasoned management team as well as selected advertising, sales, marketing and design professionals brought on board as part of the AMS acquisition. Assisting AMS' efforts will be Associate Publisher James Wellborn (founder of the SMART SHOPPER SAVINGS GUIDE, a valuable monthly consumer discount book distributed to over 2,000,000 income-targeted homes annually). Mr. Wellborn's experience will be valuable in further expanding products such as AMS' ENTERTAINER AND LIFESTYLES MAGAZINE, a tabloid-sized 40-page full color bi-monthly magazine which highlights the best of San Diego's social and entertainment scene for its affluent readership. The AMS acquisition marks the second acquisition for Jones Naughton since April of this year. AMS' services will compliment the Community Marquee Division and will provide extensive cost savings through the elimination of overlapping expenses and labor functions. Major growth plans are currently underway for the combined companies. Patrick M. Rost, Director of Business Development and Corporate Communications for Jones Naughton Entertainment, discussed the benefits created by the addition of AMS saying, "By eliminating duplicative tasks and consolidating related business functions, we will be able to increase profit margins in all of Jones Naughton's divisions. Based upon the stated profitability of AMS, this acquisition is clearly accretive to shareholder value. We will now be able to better exploit the Southern California and Las Vegas markets by providing a much broader range of products and services. Mr. Rost concluded, "The obvious synergies created, by combining the AMS, Community Marquee and PromoCam Products Divisions under Jones Naughton Entertainment, will provide the maximum growth potential in the shortest time frame. Jones Naughton's new alignment of their business interests will allow for smoother and more seamless horizontal growth, and will make possible the pursuit of acquisition opportunities in a multi-state area." Prior to his tenure with AMS, Mr. Hentschl's career was primarily focused in the cable/pay TV and consumer entertainment industries where he held senior management positions with top industry players such as Westinghouse, Oak Industries and Cybernetic Data Products. He has a proven track record of creating and executing aggressive rollout strategies. "I'm personally very excited about teaming up with Jones Naughton Entertainment," Hentschl states emphatically. "Adding Jones Naughton's strength to our current products and services makes the future opportunities bright, indeed." This press release contains forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. ABOUT THE COMPANY Jones Naughton Entertainment (OTC Bulletin Board: JNNE - news), through its Affiliated Marketing Services subsidiary and AMS' COMMUNITY MARQUEE Division, provides multi-media publishing, advertising and media buying services. COMMUNITY MARQUEE also operates audio visual information systems custom-designed to provide free, instant and site-specific information for advertising goods and services in a variety of community forums. Current subscribers include the U.S. Army, Enterprise Car Rental, Great Western Savings, Manpower, Inc. [NYSE:MAN - news], Round Table Pizza and many others. Planned growth for COMMUNITY MARQUEE is through acquisition of small, specialized marketing companies in targeted markets nationwide. Additionally, Jones Naughton receives royalty income from a joint venture agreement with Royal West Sales.