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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (895)	3/4/1999 8:16:00 AM
From: Rande Is	Respond to of 4766

Overnight Reuters: Play Co takes low-priced toy sales to the Internet Wednesday March 3, 7:41 pm Eastern Time NEW YORK, March 3 (Reuters) - Play Co. Toys and Entertainment Corp.(OTC BB:PLCO - news) , joining the online retailing craze, said Wednesday it launched a Web site to sell brand-name toys at wholesale prices. The site (www.toyswhypayretail.com) will offer wholesale prices on mostly-brand-name toys that are overstocked, on sale or have not move off the shelves in Play Co.'s 25 stores. Play Co.'s shares jumped over 32 percent on the news, closing 9/16 higher at 2-5/16 in afternoon trade on the over-the-counter bulletin board. The site, the first of two the company is planning, also offers free shipping and handling on orders over $50, with an additional 10 percent discount for a limited time following the launch. ''If you're a grandmother and have a lot of kids to shop for this is the place to go,'' said Sanjay Sabnani, a company spokesperson. Play Co. initiated the first wave of its Web strategy in order to more effectively market and sell discounted or discontinued items, as well as to stock its retail outlets with a larger inventory of high-end merchandise. ''It's a way to help move our inventory without offending our vendors or cheapening the value of their products and our stores'' he said. ''We're not a company that can afford to spend $50 million on Web strategy,'' Sabnani said. ''We're trying to be progressive, but we're a physical store retailer. And so far the company is doing better than it has in the past.'' In early February, the company reported a net income of $1,498,634, or $0.32 per share, for the third quarter ending Dec. 31, 1998, compared to $881,666, or $0.21 per share, for the same quarter of the previous year. Third quarter revenues rose to $14,715,952 in 1998 from $10,396,440 in 1997. The second site (www.playco.com) will feature all of the company's in-store inventory, as well as high-demand merchandise that cannot be physically stocked in its small, mall-based stores and certain exclusive collector's items. The company is set to launch the second site in April 1999. In addition to the specialty Web site, Play Co. will also unveil Internet stations at so-called interactive kiosks located in various retail locations. Sabnani said the first site (toyswhypayretail.com) will remain a cost-effective, bargain site with little advertising. To the extent it does advertise on the site, PlayCo.com will feature ads from affiliated companies. ''The advertising won't necessarily be to boost revenues,'' he said, stressing Play Co.'s overall Web strategy is being done on a cost-effective basis. ''We're not worrying about bringing in 20 cents a click. We're going to promote our sites, but we're taking it one stage at a time,'' Sabnani said. The Play Co.'s 25 toy stores are located in California, Arizona, Nevada, Texas, Illinois and Michigan. The company said it has signed leases to open eight new stores in 1999.

To: Due Diligence who wrote (895)	3/4/1999 10:33:00 AM
From: NoWhereMan	Respond to of 4766

PHLB more news today: CORPUS CHRISTI, TEXAS (March 4) BW HEALTHWIRE -March 4, 1999--Pharmaceutical Laboratories, Inc. (OTC BB: PHLB), a leader in nutriceuticals with advanced liquid nutritional products, today announced that it retained OTC Financial Network of Needham, Massachusetts for an aggressive financial communications and investor relations campaign. Pharmaceutical Laboratories has been developing, producing, and marketing quality vitamin and nutritional products since 1986 for leading domestic and international retailers such as Walgreen Co. (NYSE: WAG), American Stores Co. (NYSE: ASC), and Albertson's, Inc. (NYSE: ABS). Unlike many firms in the nutritional supplement industry, PHLB rigorously tests each batch for potency, purity, and stability to ensure the accuracy of its label claims. Using a proprietary delivery system, the Company enhances the effectiveness of its final products by ensuring that active ingredients are preserved in maximum amounts. PHLB has developed more than 100 competitively priced, easy to take liquid supplements which the body rapidly absorbs. "Due to growing self-care trends and the difficulty many people experience in swallowing pills, both the nutritional supplement and liquid solution markets are expected to continue posting significant growth," explained George Baucom, chief financial officer and director of investor relations at PHLB. "By combining value pricing with unsurpassed quality, we are capitalizing upon this explosive demand and further strengthening brand name recognition and customer loyalty. "These factors enabled Pharmaceutical Laboratories to achieve profitability in fiscal 1998 with sales of $5 million," Baucom continued. "We intend to further improve bottom line results during 1999 through proactive marketing techniques such as our direct distributor campaign, which we launched last month. Since we believe this established and profitable venture presents a very positive and undervalued situation for the investment community, we decided to partner with OTC Financial Network to commence an aggressive investor relations campaign and maximize shareholder value." OTC Financial Network, a division of National Financial Communications Corp., is a financial communications and investor relations firm specializing in the representation of small/micro-cap companies. Pharmaceutical Laboratories, Inc. specializes in the development, manufacturing, and marketing of liquid vitamin and nutritional products in the U.S. and abroad. The Company's products are manufactured at its on-site production facilities under strict quality standards, with each batch tested for potency, purity, and stability to guarantee the accuracy of its label claims. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. For further information, see www.otcfn.com/phlb and www.phlb.com. -------------------------------------------------------------------------------- gk/bos* CONTACT: OTC Financial Network Mario "Ike" Iacoviello 800-863-1431/760-931-9211 ike@otcfn.com or Pharmaceutical Laboratories George Baucom 800-856-7040 george@phlb.com KEYWORD: TEXAS INDUSTRY KEYWORD: PHARMACEUTICAL MEDICINE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com