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Microcap & Penny Stocks : ZuluGroup.com (ZULU/ESVS)-Ecommerce & Internet Advertising -- Ignore unavailable to you. Want to Upgrade?

To: CWIII who wrote (1175)	2/22/1999 12:12:00 PM
From: wlcnyc	Respond to of 2003

And the followup to the previous post (and PR): biz.yahoo.com -------------------------------------------------------------------------------- Monday February 22, 11:35 am Eastern Time Brands for Less.com plans initial public LOS ANGELES, Feb 22 (Reuters) - Internet-based department store operator Brands for Less.com Inc., a unit of Zulu-Tek Inc. (OTC BB:ZULU - news), said Monday it plans to offer a minority stake in an initial public offering worth about $80 million. Keith Fetter at Zulu-Tek's investor relations told Reuters in a telephone interview that Brands for Less expects to offer 25 to 35 percent of its stock but had not yet selected an underwriter. (Company corrects name of firm and percentage of stock.) Zulu-Tek recently completed the acquisition of Brands For Less.com from Enhanced Services Co. Inc. (Nasdaq:ESVS - news). Brands for Less.com will use the IPO proceeds to expand its e-commerce business and to repay debt. The offering is expected to be completed within 150 days. Brands For Less.com is an online intermediary that operates one of the first Internet-based department stores incorporating in one location many online specialty retailers across popular consumer product categories at discount prices. Zulu-Tek shares were up 3/32 at 1-15/16. --------------------------------------------------------------------------------