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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (3515)	2/12/1999 2:02:00 PM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 4767

Hey Toby, Do you know what Pete Cahill's e-mail is? I tried to send an e-mail to the last e-mail address that I had but it doesn't work. I don't know if ETPI will send out 10-K reports without a shareholder's request, but it normally requires a request. I have a hard time reading from FreeEdgar and wanted to receive a copy ASAP.

To: Toby Zidle who wrote (3515)	2/12/1999 2:14:00 PM
From: Toby Zidle	Read Replies (2) \| Respond to of 4767

Extracts from the 10-K ... not good news: The following sections are extracted from the new 10K filing. My further comments are not necessary. Stargate Entertainment, Inc: . Stargate opened a location at the Parks Mall in Arlington, Texas in July 1998. This 11,000 square foot facility was undercapitalized and was unable to support the operations and the Company was forced to close the facility on 4 January 1999. . This division depends on large amounts of capital to complete and finish current projects that are currently due. . The Company is behind 60 to 90 days on all debt instruments. The contemplated recapitalization will allow this division to FOCUS & FINISH its current projects and move from substantial negative cash flow in a minimal amount of time. . The FOCUS & FINISH plan of this division depends on the completion of funding from Capital Growth Planning. -------- Redfish Management, Inc. . This operation is consistent with the risks of the restaurant industry. . The current operations are not producing positive cash flow. Additional marketing is required for this division to move from negative to positive cash flow. . Long term operations and continuation is dependent on positive results from marketing efforts. . One of the restaurants, "RedFish Island," is seasonal and will not show substantial increases until the third and fourth quarters of the fiscal year. -------- Employees As of September 30, 1998, the Company had approximately 95 employees, of which 40 are full time and 55 are employed part time. ... The Company believes that its employee relations are good, though employee morale fluctuates with the Company's lack of capital and ability to meet obligations in a timely manner. ----------- Plan of Operations With the completion of the contemplated recapitalization of the Company, ETPI will 'FOCUS AND FINISH' all outstanding projects to include: . Laser Tag and Face Lift to Pasadena Hero's . Signage and opening of Hero's Scarsdale . Marketing and advertisement of all locations . New deck cover RedFish Island . Waterpark renovations . Recovery and Deployment of Amusement assets In 1998, the Company made commitments and obligations to projects and operations without completing the financing packages to support the given operations. In 1999, all financing will be in place and completed prior to any additional obligations by the Company.