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To: ISOMAN who wrote (3387)10/1/1998 6:17:00 PM
From: CUBBY  Read Replies (6) | Respond to of 9824
 
My conversation with Mr. Tilton was very positive today. He gave me about 1/2 hour of his time.
Findings:
1. No dilution has taken place.

2. He is trying to collect all of the 6 1/2 million shares to take them off the market.. almost done,he will announce when it is completed.

3. A press release will be coming sooner than later to clarify many things and to inform everyone of USBL team.

4. The formation of split off companies and the issuing of new stock is almost completed and we should all be surprised on the amount of the shares we will receive.This is very complicated in order to follow all the SEC rules and regulations,so we would not have to wait 6 to 8 months for all the red tape....this is going to happen very soon.

5.The financials are almost done(the China mall is the delay and they should be done by the end of the month)

6. The forth coming press release or releases will explain the progress of the Sea Eye project,sports projects and the heart monitor project. Mr. Tilton said everything was going will.

7.Tilton stated that they are working with a couple of PR firms and things are going to change for the positive to increase shareholders value.

Thats about it.....he was very positive and said there has only been slight delays that were out of his control and that if he missed a time frame by 30 days....THAT'S NOT BAD.

Hope this helps...

Cubby