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Microcap & Penny Stocks : Another Tip From Your Uncle Ernie!!!!!!!!!!! -- Ignore unavailable to you. Want to Upgrade?


To: Currency who wrote (190)3/25/1999 8:21:00 AM
From: P.E. Allen  Read Replies (2) | Respond to of 355
 
UNCB we moved this in the last hour yesterday from .10 to .33 cents watch it close today.

UNCLE B'S BAKERY, INC. ANNOUNCES EXTENSION OF DIP FINANCING AND

Plans to Seek New and Expanded Business Opportunities
Business Editors

ELLSWORTH, Iowa--(BUSINESS WIRE)--Feb. 10, 1999--Uncle B's Bakery, Inc. announced today the Loan and Security Agreement by and between Bank Austria Creditanstalt Corporate Finance, Inc. and Uncle B's Bakery, Inc. dated October 30, 1998 covering Debtor in Possession Financing (DIP Financing) has been extended through July 31, 1999.

Wm. Howard McClennan, Jr., President and CEO of Uncle B's Bakery, Inc. stated "We are pleased with the extension given by the company's primary lender, particularly as it reflects support of the company since filing for Chapter 11 protection on September 4, 1998."

Mr. McClennan further stated "Uncle B's is succeeding in its continuing efforts to aggressively pursue expanded business opportunities not only with current customers but also by way of new products and sales in new geographic areas."

Uncle B's Bakery produces and markets the "Uncle B's" and "Millspring" brands of never frozen bagels. The company's products are an alternative to frozen bagels. Uncle B's is traded on the OTC Bulletin Board under the symbol UNCB.