To: Stockbull who wrote (31196 ) 10/21/1998 8:12:00 PM From: Retaylor Read Replies (1) | Respond to of 34592
Interesting company with a very promising near and long term future. "CHRONICLE COMMUNICATIONS-OTC BB: CRNC is a fully reporting company engaged in the printing and publishing of hometown shoppers throughout the state of Georgia, Internet (Web) development, commercial printing and paper recycling & converting. They have a float of only 900k and 2.7 million outstanding shares (90% are insider owned). The company had announced last Thursday Oct. 15 that it had successfully closed the acquisition of Bright Now Inc, and southern Paper & Converters Inc.biz.yahoo.com The company went from .12 to .50 today on 143,000 share traded, and this is only the beginning. A major news announcement regarding a big merger is expected next week, which will really propel this company to new heights. John Whitman, Jr., the company's Founder, Chairman and CEO, has over 15 years experience in the publishing industry. Prior to founding the company, Mr. Whitman was President of Gray Communications Systems Inc., Georgia shopper subsidiary after its acquisition of Phillips Publishing, Inc. in Tallahassee for $1.45 million, a company which Mr. Whitman built from negative cash flow to positive cash flow in 28 months. Mr Whitman was also president of a Gray subsidiary, The Rockdale Citizen Publishing Company, which published two daily newspapers. Mr. Whitman, turned a million dollar loss per year at the Citizen to positive cash in just 63 days. This company just went public August 19, 1998 and is just starting to get some publicity that it needs. There web page can be found atchronicleinc.com The company is in a fast growing industry and economic conditions are favorable to this industry.