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Microcap & Penny Stocks : DOUBLE DAY, INC. (BB: DBDY) BIG GAINS LITTLE RISK -- Ignore unavailable to you. Want to Upgrade?

To: Darrell L. Peterson who wrote (2034)	8/18/1998 9:06:00 AM
From: John Hensley	Read Replies (3) \| Respond to of 2303

Darrell- I was just kidding around. I find it improbable that anybody can say anything good about this company based on its past track record.

To: Darrell L. Peterson who wrote (2034)	8/18/1998 12:47:00 PM
From: joyce vuocolo	Read Replies (1) \| Respond to of 2303

Darrell - You called it!! News! (no action of the stock $ though) Best of luck - Joyce Want market indicators like gurus use? Double Day Announces Financial Update BusinessWire, Tuesday, August 18, 1998 at 10:19 WARREN, Ohio--(BUSINESS WIRE)--Aug. 18, 1998--Edward C. Kane, Interim President and CEO, made several announcements Tuesday regarding the financial health of the company. Kane indicated that it was a top priority to complete the 1997 year-end financial audit as well as the first and second quarter financial figures. Kane anticipated that the year end audit, which has not yet commenced, would be completed within 90 days and preliminary information would be available prior to that time. The 1998 first and second quarter numbers would also follow in that time frame. Kane said upgrading the financial reporting aspect of the company both for internal use and external reporting was a key element for the company's future success. Kane also announced that one of the company's subsidiaries -- Thomson Recovery Corp. had filed for protection under Chapter 11 of the Federal Bankruptcy Laws on July 6, 1998. Kane said that it was a defensive measure against Icon Financial as Icon executed their right to seize certain assets of Thomson due to delinquency in payments on an idle coal processing system financed by Icon. Double Day attempted to restructure the debt by offering an initial $100,000 in cash and full payment within 100 days, but the terms were unacceptable to the lender. The company anticipates negotiating satisfactory terms with the lender. In a separate statement, the company stated that its activities at its Warren Resource Recycling Center were increasing. The company continues to see growth in its aluminum briquetting and handling areas as well as its virgin material agglomeration processes. The company is currently designing its Iron Fines Briquette production line which is projected to provide a substantial increase in revenues for the division and the company overall. Double Day Inc. is a resource recycling firm that specializes in the conversion of non-hazardous industrial waste and by-products into useable products such as synthetic ferrous scrap briquettes, met coke pellets, metal free sand and coal briquettes which are marketed in the steel, foundry, cement and other energy intensive industries. Double Day Inc. is traded on the OTC Bulletin Board under the symbol DBDY. Forward looking statements presented in this press release involve a number of risks and uncertainties including but not limited to, product demand, market acceptance, changing economic conditions, risks in product and technology development, the effect of the company's accounting policies and other risk factors detailed in the company's filings. CONTACT: Double Day Inc., Warren 330/847-0536 Internet: info@doubleday.com KEYWORD: OHIO INDUSTRY KEYWORD: ENMED ENVIRONMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire Companies or Securities discussed in this article: Symbol Name BB:DBDY Double Day Inc Market data is provided by Quote.com, Inc. By using this service, you agree to the terms of the User Agreement.