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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (7719)	7/16/1998 11:16:00 AM
From: Andrew G.	Respond to of 8798

A heavenly chart from NM (Nat'l Media) & Major news! quote.yahoo.com Big money sees an opportunity. Infomercials + Internet Thursday July 16, 9:13 am Eastern Time Company Press Release SOURCE: National Media Corporation National Media Corporation Signs Letter of Intent With Investor Group Led by Steve Lehman PHILADELPHIA, July 16 /PRNewswire/ -- National Media Corporation (NYSE: NM - news) today announced that it has signed a letter of intent with an investor group led by Stephen C. Lehman, President and Chief Executive Officer of Premiere Radio Networks, Inc., a subsidiary of Jacor Communications, Inc. Mr. Lehman's investor Group also includes Jacor Communications, Inc. (Nasdaq: JCOR - news), BT Capital Partners Inc., a division of Bankers Trust Corporation [AMEX:BPB - news], and Gruber/McBain Capital Management. Under the terms of the letter of intent, the investor group will invest a minimum of $30 million, of which $20 million will be invested directly into National Media Corporation, to be used to repay the Company's bank debt and for working capital purposes, and $10 million of which will be used to purchase one-half of the Company's outstanding Series D convertible shares now held by two other investors. As part of the overall transaction, all Series D shares will relinquish the floating conversion price feature presently applicable to such shares. Upon signing of a definitive agreement for the transaction, Mr. Lehman will assume the title of acting Chief Executive Officer of the Company. Upon consummation of the transaction, the investor group will control a majority of the Company's Board.