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Microcap & Penny Stocks : Virtual Technology Corporation (OTCBB:VTCO -- Ignore unavailable to you. Want to Upgrade?

To: df who wrote (100)	1/29/1999 12:40:00 PM
From: df	Read Replies (1) \| Respond to of 173

Looks like I'm posting to myself. But it's good news, so who cares.... Friday January 29, 12:18 pm Eastern Time Company Press Release SOURCE: M.H. Meyerson & Co., Inc. M.H. Meyerson & Co., Inc. (Nasdaq: MHMY) Initiates Coverage of Virtual Technology Corporation (OTC Bulletin Board: VTCO) JERSEY CITY, N.J., Jan. 29 /PRNewswire/ -- The following is being issued by M.H. Meyerson & Co., Inc., a member of the National Association of Securities Dealers, CRD number 540: M.H. Meyerson & Co., Inc. (Nasdaq: MHMY - news) announced that coverage has been initiated by Andrew H. Scott, Senior Research Analyst, for Virtual Technology Corporation (OTC Bulletin Board: VTCO - news), with a ''BUY'' rating for risk oriented investors. Mr. Scott commented, ''After the recent acquisition announcement, we believe the Company is undervalued when compared to its peer group.'' For more information, contact Andrew Scott at 201-459-9440 or 800-422-4114; web site: www.mhmeyerson.com. M.H. Meyerson & Co., Inc. is a market maker in the securities of the Company and may be long or short such securities from time to time. The firm has an investment banking agreement with the Company, which includes warrants. The firm, customers of the firm, and the author of this report hold positions in the Company's securities. SOURCE: M.H. Meyerson & Co., Inc. -------------------------------------------------------------------------------- More Quotes and News: MH Meyerson & Co Inc (Nasdaq:MHMY - news) Virtual Technology Corp (OTC BB:VTCO - news) Related News Categories: banking, computers GO VTCO !!!.....

To: df who wrote (100)	1/29/1999 12:54:00 PM
From: df	Respond to of 173

OK, here's another byte..... Love talk'n to myself. Don't have enough money to run this long winner up myself (g).... Company Press Release Virtual Technology Closes on GTI Acquisition Combined Companies Over $70 Million Proforma in Revenue for 1998 MINNEAPOLIS--(BUSINESS WIRE)--Jan. 29, 1999--Virtual Technology Corp. (OTCBB:VTCO - news; virtual-world.com), an Internet E-commerce company, announced today it has closed on the planned acquisition of Herold Marketing Associates Inc., doing business as Graphics Technologies Inc. (''GTI''), a privately-held technology wholesaler also based in Minneapolis. VTC acquired GTI's assets in a cash and stock transaction totaling $10.1 million. Additional details of the transaction were not disclosed. The combined companies represented an estimated $70 million in proforma combined revenues for the fiscal year ending Jan. 31, 1999. ''We are very excited about this transaction,'' said Kenneth Israel, chairman of VTC. ''This positions VTC as a leader in E-commerce with increased purchasing power and the potential to lower our costs while increasing our margins. The combined entities represent a significant increase in shareholder value and equity and allow us to set our sights on getting our company Nasdaq listed. These are major milestones for our company,'' Israel went on to say. ''This presents a great opportunity for all of the customers and employees of GTI. The benefits of adding E-commerce to our already successful wholesale business-to-business model just makes good sense. Our employees now will be able to participate in adding value to VTC's share price as well as sharing equity of a publicly held company. This is truly a win for everyone,'' said Kent Hjerpe, president of GTI. About Graphics Technologies Inc. GTI, a 12-year old company with seven offices nationally, specializes in high end premium computers and graphics products such as notebooks, scanners, graphics cards, monitors and other peripherals. With a customer base of over 1,000 corporations, GTI focuses on wholesale business-to-business sales and offers tailored purchase programs, solution-oriented sales, integration and configuration services and post-sales support.