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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: mchip who wrote (14028)	2/24/1999 2:49:00 AM
From: Jay Fisk	Respond to of 122087

SYBR Synergy Brands up 44% today - hype factor on Yahoo - B+ Their website opens this Friday, a pro job. (contracted) CEO interviewed on CNBC today ? yesterday ? Link at bottom of page. beautybuys.com Another PRFM ? Maybe, you never know ! Profitable ? Temporarily, lots of lurking creatures found in their latest 10Q: Company primarily distributes and merchandises promotional brand name grocery products and frozen squid through an agency agreement with Asia Legend Trading Ltd (ALT), a Chinese trading company. The Company also recently entered the business of the sale and distribution of premium handrolled cigars. In March 1998, the Company guaranteed a $1,000,000 line-of-credit facility to a Dominican cigar manufacturer, which is owned by a PCW stockholder. Competition. The Company is subject to intense competition in its promotional grocery, squid, and premium handmade cigars businesses. While these industries may be highly fragmented, with no one distributor dominating the industry, the Company is subject to competitive pressures from other distributors based on price and service and product quality and origin. The Company is named as a defendant in various lawsuits arising from the liquidation of Island Frozen and Dairy ("IFD"), a previous wholly-owned subsidiary of the Company. The Company has reserved and accrued on its books minimal funds to cover these possible claims. Two former officer's of IFD were awarded through arbitration $467,000 under disputed employment contracts. The award was converted to a judgment against Synergy and Affiliated Island Grocers d/b/a Island Frozen & Dairy. An involuntary Bankruptcy petition was attempted and was immediatily dismissed by the court. The company settled all actions relating to this case for $300,000 in shares of the Common Stock . The Company's revenue base has been slowly recovering from losses of 1996 generating from the discontinuation of its Kosher Food business. Sale of frozen squid is more significant in the third and fourth quarters due to the seasonal catch which occurs in the second quarter The Company generally experiences lower sales volume in the fourth quarter due to the reduced number of selling days resulting from the concentration of holidays in the quarter. (Guess squid & cigars are not the trendy gift items !) I hope this thing gets lots higher before Friday ! Just another retailer jumping onto the net. virtualir.com Lots of 144 activity.