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Microcap & Penny Stocks : LEAP - Innovative ad agency a bargain at $3/shr? -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (523)	7/24/1998 12:10:00 PM
From: Stan	Respond to of 600

To all: Currently down 1/8. Wonder if this PR will affect price positively. 12:02 pm release The Leap Group to Sell Certain MulticulturalUnits to Young & Rubicam; Leap Group Will Direct Additional CapitalResources Toward Internet Business July 24, 1998 12:02 PM CHICAGO--(BUSINESS WIRE)--July 24, 1998--The Leap Group, Inc. LEAP said today it has executed a letter of intent with Young & Rubicam Inc., YNR whereby Young & Rubicam would acquire the business of One World Communications, Inc., including the Kang & Lee operations in New York and Los Angeles. The financial terms were not disclosed and the transaction is expected to close in the third quarter of 1998. Frederick A. Smith, Leap Group Chairman and CEO, stated that the divestiture of the multicultural units will provide capital to the Company for the purpose of increasing Internet-related revenue streams. "We recognize that the Internet sector is an important part of our company's growth and we are making a conscious decision to redirect our resources in that direction." The Leap Group, Inc., LEAP is a creatively focused advertising holding company providing innovative consumer marketing, advertising and Internet-related services and products. More information on The Leap Group can be found at http//:www.leapgroup.com.