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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?


To: MoneyMade who wrote (40)12/22/1998 5:10:00 PM
From: xbrent  Respond to of 972
 
Interesting web site. Looks like a viable concept. I see that they are looking for employees in most major markets. Viewing the products on ones television is a good idea.



To: MoneyMade who wrote (40)12/22/1998 9:17:00 PM
From: Currency  Respond to of 972
 
The General Store (The General Store International Corporation) was incorporated in the state of Minnesota on January 6, 1997. The company is a publicly traded company listed on the NASD Electronic Bulletin Board under the symbol "GSIC".

The company currently has 100,000,000 authorized common shares and 50,000,000 convertible preferred shares authorized. Of the authorized common shares, there are 16,399,500 issued and outstanding which is broken down into 9,349,500 restricted Rule 144 (one year restriction) shares and 7,050,000 free trading shares. The float is estimated at approximately 2,500,000 shares.

Of the authorized convertible preferred shares, there are approximately 2,000,200 shares issued and outstanding. The convertible shares may be converted into 10 shares for $1.00 and one preferred share, which will become restricted (144) for one year. Close business associates of the company currently own or control about 85% of the shares of The General Store.




To: MoneyMade who wrote (40)12/22/1998 9:20:00 PM
From: Currency  Read Replies (1) | Respond to of 972
 
From The Desk of the C.E.O.

THE GENERAL STORE INTERNATIONAL CORPORATION

December 22, 1998


The General Store has begun preparation of a uniform franchise offering circular (UFOC). This will enable the company to expand its operations throughout the United States. When approved, The General Store can begin collecting license fees from Washington State sales reps.

The company has selected an independent accounting firm to complete an audit of the year end financial statements. We expect the statements to be available in February 1999.

Finally I would like to thank everybody for their support in 1998 and wish everyone a happy holidays and a prosperous new year.

Sincerely,

Glen R. Easthope
Chief Executive Officer