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Non-Tech : ThermaCell Technologies (VCLL) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Griffin who wrote (73)	10/2/1998 10:20:00 AM
From: Joe Griffin	Read Replies (1) \| Respond to of 164

Some very good news indicates improving company strength! VCLL can borrow money cheaper elsewhere. Must have earned confidence of other lender. ThermaCell to Buy Back $250,000 in Remaining Convertible Preferred SARASOTA, Fla., Oct. 2 /PRNewswire/ -- ThermaCell Technologies, Inc. (Nasdaq: VCLL -news, VCLLW - news) has signed an agreement to buy back and retire approximately $250,000 in 8% Series B convertible Preferred Stock. This constitutes the balance remaining of a $1.5 million February 1998 private placement with Thomson Kernaghan & Co. of Toronto, Canada. John Pidorenko, Chairman, President and CEO of ThermaCell, said that due to a more favorable interest rate environment and improved prospects for the Company, ThermaCell expects to finance the transaction through a conventional term loan. He said this will eliminate the need to issue any additional Common Shares related to the Series B conversion. Company Contact: Gary Fishman or Kimberly Boshara at 212-527-4808. Broker Liaison: John Carney, Capital & Media Partners, at 407-839-1987. Forward Looking Statements: This news release contains certain ''forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new ''safe harbor'' for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the Company's expectations for growth, estimates of future revenue, expenses, profit, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the Company's product categories and for the industries in which the Company operates, or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements. SOURCE: ThermaCell Technologies, Inc. More Quotes and News: THERMACELL TECH (Nasdaq:VCLL - news) THERMACELL WS A (Nasdaq:VCLLW - new