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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: a. paisley who wrote (10329)	12/3/1998 8:43:00 AM
From: RavenCrazy	Read Replies (1) \| Respond to of 25711

CRNC news this morning - Thursday December 3, 7:59 am Eastern Time Company Press Release SOURCE: Chronicle Communications Inc. Chronicle Communications Closes Financing Deal CAIRO, Ga., Dec. 3 /PRNewswire/ -- Chronicle Communications Inc. (OTC Bulletin Board: CRNC - news) CEO John V. Whitman Jr. announced today that the Company has closed a secured financing with a large Michigan-based institutional lender. The loan is an open line of credit that Chronicle can pull from if needed. The loan is tied to stock price and does not have a lending cap; the better the stock does, the more money that will be made available to Chronicle. ''We are invested in Chronicle for the long haul. In Chronicle's thirty- month history they have a proven track record of successfully accomplishing everything they said they were going to do. It's simple. They plan. Then they hit their plan. Chronicle is the type of company we will finance day in and day out. This loan is a win for Chronicle and a win for us,'' said Ed Wood, President of the institution. Chronicle Communications Inc., is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the symbol of ''CRNC.'' The Company, founded in 1996 and headquartered in Cairo, Georgia, is the publisher of the South Georgia Chronicle. These publications are weekly edition shopper papers distributed free to their respective communities. Chronicle's expansion plans include up to twenty shopper papers across Georgia and the acquisition of existing specialty print products, primarily in the Southeast. Chronicle also operates two commercial web-offset printing plants in Central Florida. Complete information, including links to the SEC's EDGAR site can be found at Chronicle's web site at www.chronicleinc.com . Chronicle is committed to expansion on the Internet and plans to announce its Internet product line in mid-December. Special Note: The foregoing release contains forward-looking statements. There are a number of important factors which could cause actual events to materially differ from those indicated by such forward-looking statements, including the availability of funding, results of marketing efforts and general economic conditions, among others. SOURCE: Chronicle Communications Inc. ______________ Raven