Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (6125)	3/25/1999 11:39:00 AM
From: sim chambers	Respond to of 9115

USRF check it out

To: Mr Metals who wrote (6125)	3/25/1999 11:44:00 AM
From: Gator	Read Replies (1) \| Respond to of 9115

YAHOO!! CRNC NEWS! First acquisition complete! Chronicle Communications, Inc. And Florida Machine And Welding, Inc. Sign Acquisition Agreement TAMPA, Fla., March 25 /PRNewswire/ -- John V. Whitman Jr., President/CEO of Chronicle Communications, Inc. (OTC Bulletin Board: CRNC - news) announced that Chronicle has signed a definitive agreement for the acquisition of Florida Machine And Welding, Inc. (FMW). Chronicle will acquire 100% of the outstanding stock of Florida Machine And Welding, Inc. for 1,600,000 shares of voting convertible preferred stock with a stated value of $5.00. FMW is engaged in the business of refurbishing and marketing heavy equipment, re-manufacturing and rebuilding major components for the utility and marine industries. Major customers include Florida Power and Light, and Tampa Electric Company. FMW has over $5,600,000 in assets, $5,000,000 in projected revenues over the next 12 months and has been in business for over 22 years. ''Finalizing this acquisition represents the first step in realizing the new direction of Chronicle. FMW is an important component to the construction division of Chronicle. FMW is a solid, established business that adds quality assets and estimated earnings to Chronicle's financial statements. FMW's expertise, facilities and crane assets clear the way for rapid expansion of our proposed demolition, re-mediation and abatement businesses.'' Whitman stated. Chronicle Communications Inc., is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the symbol of ''CRNC.'' The Company, founded in 1996 and headquartered in Tampa, Florida is the publisher of ''The Register,'' the only comprehensive directory of new home builders' inventory homes available in the greater Washington D.C. Metropolitan area. The Register is published 23 times per year with separate editions for Maryland and for Virginia. Chronicle also operates a commercial web-offset printing plant in Tampa, Florida. Complete information including links to the SEC's EDGAR database can be found at Chronicle's web site at www.chronicleinc.com/. Special Note: The foregoing release contains forward-looking statements. There are a number of important factors that could cause actual events to materially differ from those indicated by such forward-looking statements, including the availability of funding, results of marketing efforts and general economic conditions, among others. SOURCE: Chronicle Communications, Inc.