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To: jjs64 who wrote (644)4/22/1999 12:41:00 PM
From: trader14U  Respond to of 10354
 
This is better than Murder, She Wrote.



To: jjs64 who wrote (644)4/22/1999 1:19:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
Two firms join IA's global network
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IA INTERNATIONAL, which had worldwide revenues of $213 million last year, is set to add members in India and Salt Lake City to its growing network of accounting firms.

The Indian firm Kantilal Patel & Company and US firm Jones Jensen Orton & Company will formally join the network at IA's annual worldwide meeting on May 15.

Kantilal, which was founded in 1949, is based in the industrial city of Ahmadabad. The firm has four partners and four other fee earners and its revenues total just less than $900,000.

"We chose Kantilal Patel because it has the same philosophy as IA," said Paul Chapman, the IA partner who travelled to India to review the firm. "It is an audit-based firm and its clients are of a similar size and profile."

IA's move into India could involve the recruitment of a second practice, according to Chapman. Another firm, which he declined to name, has shown an interest in joining the network and its addition would compliment that of Kantilal.

Chapman said India's accounting profession is still very much in the developing stage."Their accounting standards are not quite on the same level as the US or UK. The country is moving forward, but it still has some way to go. Their audit work is not quite as structured as one would like it to be," he explained.

In Salt Lake City, Jones Jensen Orton, which was founded in 1990, is set to join forces with IA. The firm has four partners and six other professional staff, and its fee income for 1994 was $827,000. Its revenues have grown by 56 percent in the last three years, according to IA statistics.

IA also recently elected a new global chairman. Quentin Symington, who heads the Paris-based firm Societe d'Expertise Economique & Financieres, will serve a two-year term. He is the group's first European chairman since Ian Frazer, of London-based Littlejohn Frazer, held the position in 1985.

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To: jjs64 who wrote (644)4/22/1999 1:27:00 PM
From: StockDung  Respond to of 10354
 
To the Board of Directors and Stockholders of Golf Ventures, Inc.
Salt Lake City, Utah
We have audited the accompanying balance sheets of Golf Ventures, Inc., as of
March 31, 1996 and 1995, and the related statements of operations, stockholders'
equity and cash flows for the years ended March 31, 1996, 1995 and 1994. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Golf Ventures, Inc., as of
March 31, 1996 and 1995 and the results of its operations and its cash flows for
the years ended March 31, 1996, 1995 and 1994, in conformity with generally
accepted accounting principles./s/ Jones, Jensen & Company
Jones, Jensen & CompanyMay 30, 1996

Message 9080489



To: jjs64 who wrote (644)4/22/1999 1:49:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
Fountain Fresh To Be Purchased By Betterstuff Ag Switzerland
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SALT LAKE CITY, May 29 /PRNewswire/ -- Fountain Fresh International (FFI) (OTC Bulletin Board: FTFR); "the Company"), doing business as BetterStuff Inc., today announced that following final approval by BetterStuff Inc.'s board of directors, BetterStuff AG Switzerland and its partners (BSAG) have acquired a majority of the shares to FFI, and that a new FFI board of directors has been appointed.
This share purchase, which was finalized on May 27, 1998, took place following the letter of intent and subsequent due-diligence activities announced on February 25, 1998 and the ongoing efforts on the part of BSAG to settle the outstanding creditor claims against BetterStuff Inc. announced on April 3, 1998. BSAG successfully negotiated with over 95 percent of the creditors of Fountain Fresh Inc. and reached a favorable settlement.

This settlement of the creditor claims against BetterStuff Inc. and the acquisition of a majority of FFI shares by BSAG will allow the Swiss group to proceed immediately with its plans to fund the continuing operation of BetterStuff Inc. and commence with the redesign of the beverage center.

The redesign of the beverage center is currently underway. In addition, meetings have already been held with a company in Europe, which specializes in developing beverage-filling machines. Working in conjunction with this company, BSAG will develop a beverage center, which will meet pre-established performance and reliability requirements. In addition, they will have the added support of a high-tech software company and some of the most knowledgeable beverage industry resources in Europe to provide technical input for the beverage center redesign.

Given redesign efforts proceed as expected, within the budgets available, and all of the predetermined criteria are met at each juncture of the development process, the first redesigned beverage center could be ready for full performance and functional testing as early as late December 1998. Pending the outcome of these tests, the decision will be made how best to proceed with beta testing in the marketplace and infusing the additional funding required to begin manufacturing the redesigned beverage centers.

If the redesign proceeds as expected, and since there is still a significant amount of ongoing global interest in the self-serve beverage centers, BSAG plans to move forward as originally planned to place these value-oriented self-serve beverage centers in retail outlets around the world. Successful introduction of the new beverage centers in the global marketplace will be augmented with a unique new marketing and communication program developed by BSAG to convince consumers to drink BetterStuff beverages.

BSAG and its partners are confident they can provide a redesigned beverage center for the marketplace that will have a major impact on how consumers worldwide select and consume soft drinks.

Fountain Fresh International, under the trade name BetterStuff(TM), is a manufacturer and worldwide marketer of in-store beverage machines, offering value-oriented, self-serve soft drinks and purified drinking water. SOURCE Fountain Fresh International

Copyright © 1998, PR Newswire, all rights reserved.