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Microcap & Penny Stocks : POKR - Casino Air - Real Gamble? -- Ignore unavailable to you. Want to Upgrade?

To: blash who wrote (434)	9/22/1998 1:19:00 PM
From: Rick Hudson	Respond to of 609

AVIA put out a newsrelease on the Form 10 today - they say they will become a fully reporting company - maybe that's the reason for the drop <bg> Aviation Industries Reports Filing Of Form 10 With Securities And Exchange Commission Company to Become a Fully Reporting Entity FORT LAUDERDALE, Fla., Sept. 22 /PRNewswire/ -- Aviation Industries Corporation (OTC Bulletin Board: AVIA - news) today reported that it recently filed a Registration Statement on Form 10 with the Securities and Exchange Commission to register its securities under section 12(g) of the Securities Exchange Act of 1934. On the effective date of the Registration Statement, the Company will become subject to the reporting requirements of the Securities Exchange Act of 1934 and will begin filing regular quarterly and annual reports with the Securities and Exchange Commission. Management noted that the filing represents another important step undertaken in anticipation of its pending merger with Integrated Marketing Professionals, Inc. ''We are moving forward with the implementation of our business plan and the acquisition program contained therein,'' commented William G. Forhan, Chairman of Aviation Industries. ''We have already completed two acquisitions and we are moving forward on additional opportunities. As we move closer to completing the merger with Integrated Marketing Professionals, and in the process build a diversified travel and leisure organization with significant operations, our status as a fully reporting company will allow us to better inform our shareholders and the investment community as to the status and growth of our business.'' Aviation Industries Corporation, which holds an equity position in Newark, N.J.-based KIWI International Air Lines, is in the process of acquiring Integrated Marketing Professionals, Inc. Integrated Marketing Professionals, Inc., formerly known as Casino Airlink, Inc., is a diversified travel and leisure company. Integrated Marketing Professionals is the exclusive provider of packaged casino vacations from five cities in Florida, three cities in Texas, Tulsa, Oklahoma and Atlanta, Georgia to the Mississippi Gulf Coast, which include non-stop, round trip jet service, destination airport transfers, ground handling, 2-3 night deluxe hotel accommodations, nightly buffet meals and access to 24-hour Las Vegas style gaming and entertainment. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.

To: blash who wrote (434)	9/23/1998 8:50:00 PM
From: zookeeper	Read Replies (1) \| Respond to of 609

Let me know if you agree with the following: Assuming the middle of the current bid/ask as the AVIA price on the merger date, that gives the post-merger company about 30 million shares outstanding, after a 1 for 1 exchange for POKR shares. Therefore, AVIA's equity will contribute about 27 cents a share in book value to the post-merger company. Assuming 12 million is a fair value for POKR, that's another 40 cents a share in value (not all book value in this case) for the post-merger company. Assuming AVIA has no additional value other than its book value, that gives a post-merger company overall valuation of about 67 cents a share, or about the middle of AVIA's current bid/ask. Gee, its funny how AVIA traded down to the point where that would all work out so nicely. Also, I called Joseph Charles + Assoc who will own a big pile of $2.10 post-merger company warrants according to the filing, and they acknowledged that these warrants were privately held by a group of brokers in the company. I had heard a rumor that they were working on a deal to support the company after the merger, but they, of course, wouldn't comment on that. It's nice to know, though, that a big firm has a big incentive to see the post-merger company price above $2.10.