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Microcap & Penny Stocks : LA Group, Inc. (ONTV - formerly LAAQ) -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (734)	2/19/1999 1:39:00 PM
From: Jay D.	Respond to of 1140

no but here it is from Raging Bull: For ONTV Fans- Huge Article in Financial Post this morning- King's the Man! You can slice it, you can dice it, and now you can buy it on the Internet. Ronco Inventions Inc. -- known for such items as the Veg-O-Matic food slicer and Good Looking Hair, the coif in a can -- is selling its quirky inventions on the World Wide Web. "We've done more business on the Web in the past two weeks than in the past year," said Frank Costanzo, chief financial officer of privately held Ronco. In return for jazzing up Ronco's previously moribund Web site, publicly traded LA Group Inc. is getting an undisclosed percentage of sales, and that has investors lining up to buy the penny stock on the U.S. over-the-counter bulletin board. In the past three sessions more than 10 million LA Group shares have traded, compared with the usual 50,000 shares a day. The stock price has shot up from 2c to as high as 39c (US). It traded at 22c (US) late yesterday. "I think they've got great products. K-Tel is big but Ronco is bigger and [Ronco founder] Ron Popeil is the grandfather of the infomercial," said Daniel Fasano, chief executive of LA Group. Customers will soon be able to view those infomercials at the Ronco Web site, www.ronco.com.