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Microcap & Penny Stocks : BLHG, Fast Track Growth in China -- Ignore unavailable to you. Want to Upgrade?

To: LaShark who wrote (1395)	7/22/1998 9:50:00 AM
From: Joe Cervini	Read Replies (1) \| Respond to of 4080

I left Jerry a voice mail this AM. Joe

To: LaShark who wrote (1395)	7/22/1998 10:33:00 AM
From: Jay D.	Read Replies (1) \| Respond to of 4080

To All: OK, I just got off the phone with Jerry and here are some general impressions to start with. Jerry is totally committed to making this company run. This is his total focas, and by total I mean 24/7 committment. He told me he has little dealings with the stock, he is concerned with making the company run only. He is very sharp and articulate, he has an no nonsense straight shooting strictly business approach about him. In particular I mean he is currently concentrating on acquiring the PC Monitor plant and another plant, which produces the steel bands that wrap around the vacuum tubes in TV's and PC Monitors. This technology was just recently acquired in China and China makes more TV's and Monitors than any country in the world. This deal looks very good and will MOST LIKELY be closed within the next month. The PC monitor plant is close, they are pretty much in agreement on everything, they are now just haggling over the st6ck vs cash ratio for which the plant will be paid for. He will be sending a new counter offer to China today. - $50M in contracts: the basis was on info from the plastics plant/Pinnacle at the time. Jerry will be meeting with Pinnacle director, Woo, later today and based on this meeting will be putting out a news release to address the $50M in contracts. Boston Medical is still a "GO", Jerry wants to get clarification from Woo today and will address it in the news release. -Audit: An audit was to be done by a "Big Six" firm but they backed out since BLHG is "under a dollar". This put everything back a bit. Jerry is teleconferencing with an audit firm tonite and hopes to get the deal final at that time, the SEC approved CPA firm has agreed to do the audit but Jerry wants to get the price down to around $30K. There is a lot of risk on an audit firm since the operations are in China and they have to depend on Chinese data. This audit firm did the audit of the chinese plastics plant and Jerry dealt with them when he worked with the SEC, so he thinks this company will do the audit. Also the Chinese CPA firm supplying the "numbers" also works for the Chinese Government so they have a good reputation. He doesn't want anyone calling them before his meeting tonite so I will tell you the name tomorrow. -Share Count: 6.3M / 4.1M in the float -Genesis: Paid them for a month, didn't get value so they ended contract -Web Site: Will be fully operational soon with an E:mail address, which Jerry said he will respond to personally as soon as he can, he said a few a night. WWW.BLHG.COM -Cash Flow: Financially they are fine and will not go under anytime soon. - Next Call time: Wednesday, August 5, 9:30-12 , BUT he is there now, call him with your questions!!! (203) 921-0310 Jay