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Microcap & Penny Stocks : JSUB -- Ignore unavailable to you. Want to Upgrade?

To: Smacs who wrote (18)	2/18/1999 11:45:00 AM
From: Mr. Fortune	Respond to of 132

I found this last night... Is it an actual PR?? February 17, 1999 22:41 JRECK SUBS GROUP INC amends securities registration. Excerpted from 10-12G/A filed on 02/17 by JRECK SUBS GROUP INC: JRECK SUBS GROUP INC amends securities registration. Description of Business The Company sells area and single location Li'l Dino sub shop franchises and provides assistance ad guidance to franchisees. At October 31, 1997, there are 43 franchised units operating in North Carolina, Virginia, South Carolina and Georgia. Parent Company The Company is a wholly owned subsidiary of Li'l Dino Management Corporation. Franchise Fees Revenue from sales of area and single location franchises is generally recognized when substantially all significant services to be provided to the area developer and franchisee have been performed. In situations where revenue from such sales is collectible over an extended period of time and collectibility is not reasonably certain, revenue is recognized on the installment method as amounts are collected. Royalties The Company receives ongoing royalties from franchised stores based upon a percentage of the stores sales. The royalties are recognized as revenue in the period the sales occur. (End of Item Excerpt) ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC. ifn.com ------------------------------------------------------------------------