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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: reikjavic who wrote (71216)	4/26/1999 11:30:00 AM
From: Michaelste	Respond to of 119973

TALK up another 5% today.

To: reikjavic who wrote (71216)	4/26/1999 11:31:00 AM
From: Robert B.	Read Replies (2) \| Respond to of 119973

ValueStar - ValueStar.com - Third Quarter Revenue Up 130% Monday April 26, 10:32 am Eastern Time Company Press Release ValueStar - ValueStar.com - Third Quarter Revenue Up 130% ValueStar's Strong Certification Renewal Rate Fuels Record Quarterly Revenue ALAMEDA, Calif.--(BUSINESS WIRE)--April 26, 1999--ValueStar Corporation (OTC: VSTR - news; ValueStar.com), the pioneer and leader in customer satisfaction ratings of local companies, announced that revenue for the third fiscal quarter ended March 31, 1999 was up 130% to $693,500 from $300,884 in the third quarter of FY1998. ''We are on track and expanding aggressively while enjoying record numbers of businesses applying to be rated,'' said James Stein, President and CEO of ValueStar at the time of the revenue announcement. ''ValueStar's high renewal rate of certified companies is a key component of our business model just as monthly subscriptions have driven America Online's (NYSE: AOL - news) growth. Our 130% increase in revenue was driven mainly from companies in the greater San Francisco area renewing their ValueStar Certified status. Current revenues do not account for predictable, future renewals to be earned in recently opened markets. We opened Los Angeles 10 months ago and Chicago and Dallas-Ft.Worth in the past couple of months. And we're rapidly expanding into additional new markets over the next few months.'' ValueStar announced on April 1, 1999 expansion of operations into five new major markets using proceeds of a $2.45 million institutional financing led by Seacoast Capital Partners. Dallas-Ft. Worth was recently launched as the first of the fine new markets. ValueStar is investing heavily in new markets and to promote consumer awareness and revenue growth in existing markets. There are over 6 million local service businesses in America transacting over $1 trillion in commerce with local consumers annually. For more information on ValueStar, visit: www.valuestar.com. About ValueStar: ValueStar is the largest rater of local service businesses in America helping to facilitate e-commerce with quality-seeking consumers. Consumers look for the ValueStar Certified® symbol when shopping to quickly find the best (top-rated) companies. Armed with ValueStar's independent customer satisfaction ratings, consumers now have the confidence to shop for relatively unknown local companies on-line. To rate each local company, ValueStar conducts a statistically valid number of customer satisfaction surveys and audits their license, insurance and complaint status. Top-rated companies qualify to use the ValueStar Certified® symbol as a powerful marketing tool to differentiate them based on quality and value. ValueStar's rating information is unique branded content unavailable to consumers elsewhere. Besides shopping for local companies displaying the ValueStar Certified® symbol in forms of traditional media, consumers may log on to the popular www.valuestar.com search engine to find top-rated companies by area and industry. To assure accuracy and an unbiased independent rating, the Public Research Institute of San Francisco State University audits each customer satisfaction rating study. Forward Looking Statements: This news release contains certain ''forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a ''safe harbor'' for these types of statements. To the extent statements in this news release involve, without limitation, expectations for growth or new markets, estimates of future revenues, expenses, profits, cash flow, balance sheet items, forecasts of demand or market trends for the Company's services or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements. See also the risks and uncertainties described in the company's annual report on Form 10-KSB and other documents filed with the Securities and Exchange Commission.