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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (1639)	12/30/1998 10:10:00 AM
From: Nescom	Read Replies (1) \| Respond to of 15987

EMBU should make some moves on news today. I expect to see it travel back to a dollar. Nescom out- Wednesday December 30, 8:15 am Eastern Time Company Press Release SOURCE: EMB Corporation EMB Corporation News COSTA MESA, Calif., Dec. 30 /PRNewswire/ -- Loan funding for the fiscal year that ended September 30, 1998 totaled $394,007,708. This compares to a total of $139,529,841 for the previous fiscal year, representing a 182.4% increase. James E. Shipley, President of EMB Corporation (OTC Bulletin Board: EMBU - news), said, ''EMB Corporation showed a profit in the third and fourth quarters of our fiscal year that ended September 30, 1998. In an approximate two-year period we have taken the company from a loss of (0.89) cents per share for the fiscal year ending September 30, 1996, to a profit of approximately 5 cent $0.05 per share for the last two quarters of fiscal year 1998. During this two-year period the company has grown exponentially throughout the U.S. at great expense. However, we have established our shelf space, and are now starting to reap the rewards by getting our market share. Mr. Shipley went on to say, ''In the past few months EMB has seen originations over our Internet site increase by 386%, we have devoted considerable resources to the development of our web site division. We anticipate that as e-commerce continues to become more acceptable, that our originations will sky rocket. As we have always maintained, we believe that e-commerce and video conferencing will revolutionize the mortgage industry, and EMB Mortgage Corporation is in position to be one of the leaders.'' In summary: Loan Fundings 4th Qtr 1998 VS 4th Qtr 1997 $101,208,959 $66,892,821 UP 51.3% YTD 1998 VS YTD 1997 $394,007,708 $139,529,841 UP 182.4% EMB Mortgage Corporation uses the cutting edge technology of Intel® Corporation's ProShare™ Business Conferencing 500 System, along with the Company's own proprietary interactive video conferencing software, the V.I.P. (Video InteractiveMortgage Process) Solution to originate home loans from any location in the United States to one of EMB's National Processing Centers. A number of statements contained in this Report are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission, including its 1997 form 10-KSB. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. SOURCE: EMB Corporation