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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: John Chapman who wrote (5283)	8/6/1998 10:44:00 AM
From: F. Jason Fowler	Read Replies (1) \| Respond to of 7491

CSHK NEWS !!!! (BSNS WIRE) Cashco Management Revises 11th Hour Release and Shipment Sch Cashco Management Revises 11th Hour Release and Shipment Schedule; Summarizes Recent Developments Business Editors/Technology Reporters PHILADELPHIA--(BUSINESS WIRE)--Aug. 6, 1998--Cashco Management Inc., (OTC BB:CSHK) announced today a revised release and shipment schedule for the company's Year 2000 Analysis and Remedy product 11th Hour. The company cited last minute revisions and modifications to the 11th Hour program as cause for the resulting 2 week delay in production and release. Volume shipment of the product is now scheduled for the week of Aug. 17. The NFR (Not For Resale) program for prospective dealers and resellers has been modified and will allow for fulfillment free of charge via the Internet. Additional details of the program will be made available on the ZiTEC website at WWW.ZiTEC.COM. Sources at the company stated that the dynamics and immediacy of the Y2K marketplace require that resellers demonstrate their Y2K skills in a timely manner when the customer identifies the need. Recognition of this requirement prompted the change in NFR Program fulfillment. Casho News and Events of the last 60 days: - 6/02/98 - Cashco receives initial order for 40,000 units of 11th Hour valued at over $1,000,000 from ZiTEC International. - 6/04/98 - ZiTEC International website (WWW.ZiTEC.COM) becomes operational. - 6/15/98 - Cashco expands management team to accommodate growth and pursue technology related ventures. - 7/02/98 - Cashco projects 1998 earnings of $.03 per share, details production and marketing plans. - 7/27/98 - Cashco receives ZiTEC order for 10,000 units of 11th Hour bringing backlog to 50,000 units (greater than $1,250,000 in revenue). ZiTEC requests draw down of 10,000 units for delivery in early August. - 8/03/98 - Cashco details relationship with Microsoft. - 8/05/98 - Cashco revises 11th Hour release schedule to mid August. A test drive of the 11th Hour product is available at WWW.ZiTEC.COM. --30--jl/ny* bk CONTACT: Cashco Management Inc., Philadelphia Alan Laffkas, 610/458-9540 or The Pinnacle Group, New York Mark Cohen, 516/773-2477 KEYWORD: PENNSYLVANIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT