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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: ilh1 who wrote (46940)	1/26/1999 8:32:00 AM
From: Gator	Read Replies (2) \| Respond to of 119973

The last trade yesterday on SDMT was a 50,000 buy at the ask ($2 25/32.) Ask was raised to $2 7/8 after that trade. Very significant developments happening with the company: Name and ticker change (probably by Friday, or next week at the latest) to EBLD-EntertainmentBlvd.com (merger is complete). Neil Maedel's Microcap Analyst newsletter (which should be coming out today) has a major writeup on the company (buy rec with a $10 to $12 target). This will be followed up by a fax blast recommendation I believe on Thursday (distribution 116,000). Yesterday, Global Securities Morning Newsletter recommended SDMT as a "Speculative Buy". The company is close to signing a deal to acquire a "Top 100" site, believed to be a multi-media search engine. They are currently negotiating with MCI/Worldcom and Cable & Wireless whereby Entertainment Boulevard will host its own ISP. Launch date is expected in March. They are currently using Amazon.com for the sale and distribution of CD's and videos. They have signed a contract with distributor Valley Media in which ELBD will prepare its own shopping site (Storefront), which will greatly increase revenues and profit to EBLD. Lots more in the works. Gator