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Microcap & Penny Stocks : KWIN Kenwick Industries -- Ignore unavailable to you. Want to Upgrade?

To: Brad who wrote (122)	5/4/1999 1:42:00 PM
From: Brad	Respond to of 264

FYI - PR of Aug 24, 1998 (Relates to Acquisition & Earnings)... ************************************************************ Aug 24 1998 11:12AM ET KENWICK INDUSTRIES COMPLETES ACQUISITION OF TWO PROFITABLE COMPANIES; Deals to Add Over $4.5 Million in Annual Revenues to Kenwick FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--August 24, 1998--Kenwick Industries, Inc. (OTC BB:KWIN) announced today they have completed the acquisition of Automax USA and Automax Finance, Inc. one week ahead of schedule. Kenwick Industries agreed to pay a total of 1 million shares of restricted Kenwick stock for both the dealership and finance companies combined in the "stock only" tax-free transaction. These acquisitions signify a pooling of interests and increase Kenwick's annual revenues by over $4.5 Million. Additionally, these acquisitions are accretive to earnings and share value. Kenwick is also pleased to announce that the original 1998 earnings (EBIT) projection of $1.2 Million provided by Automax should be exceeded by a considerable margin. Automax, Inc.'s accounting department has presented an earnings report to Kenwick's accountants showing unaudited six-month earnings of $905,000 (EBIT) through June 1998. This earnings rate, projected over the remainder of 1998, would add approximately $.46 per share to Kenwick's pre-tax earnings. According to Kenwick President, Mr. Ken Wulwick, these acquisitions come at a time when Automax is primed for growth. "Our goal now is to take the success of Automax and expand it to additional profitable locations. Automax has established name brand recognition and we want to capitalize on the value of that name." "With the tax-free nature of these transactions, these acquisitions are accretive to share value from the very start. We are excited about the profits and growth potential Automax adds to Kenwick Industries," concluded Mr. Wulwick. Kenwick Industries mid-range goal is to become a small cap NASDAQ Company by August of 1999. Toward this goal: 1. Kenwick Industries is on track to become fully reporting with the SEC. 2. Kenwick Industries has been effective in leveraging Company shares and has a very small number of outstanding common shares (about 3.9 million post-acquisition), of which the majority (about 3.6 million) are held by insiders. Kenwick's conservative use of the Company's funds and shares underscores management's commitment to the long-range success of the Company. 3. Kenwick has established associations with significant players in the Company's areas of business (i.e. Philips Electronics). About Kenwick Industries Kenwick Industries is a developing multi-industry corporation with an increasing scope of business interests. Kenwick seeks existing profitable acquisition targets with efficient management systems already in place. Kenwick manages profitable distribution systems nationally and internationally and presently has agreements to distribute language learning systems, including exclusive agreements to distribute acclaimed language programs from Philips Electronics N.V. (NYSE:PHG). Kenwick Industries currently owns automotive retailing and financing businesses. The company's primary focus is on building profits and share value. This press release contains forward-looking statements with respect to the results of operations, expectations and business of the Company that involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. --30--cdt/clv* CONTACT: Kenwick Industries, Inc. Shel Glickman, 800/822-4122

To: Brad who wrote (122)	5/4/1999 1:42:00 PM
From: Brad	Respond to of 264

FYI - PR of Nov 4, 1998 (Relates to Acquisition & Earnings)... *********************************************************** Nov 4 1998 9:45AM ET KENWICK INDUSTRIES REPORTS BETTER THAN EXPECTED REVENUES FOR AUTOMAX DIVISION FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 4, 1998--Kenwick Industries, Inc. (OTC BB:KWIN) today reported higher than expected 9-month revenues for their Automax Division. Automax' consolidated income (unaudited) for the 9 months ending September 30, 1998: - Income: $3,225,000 - Cost of Sales: $1,592,351 - Gross Profit: $1,632,649 - Operating Expenses: $299,527 - Net Earnings Before Taxes: $1,333,122 - Pre-tax Earnings Per Share on 3,900,000 shares (Automax Division only): $.34 Kenwick President Ken Wulwick explained the significance of the Automax report saying, "These figures exceeded our early expectations for the Automax Division. It should be noted that the $.34 EPS is before taxes. We are pleased to see the dramatic rise in revenues and expect this trend to continue as we intend to increase our number of car dealerships and the advertising supporting them." Wulwick concluded with comments on Kenwick's Language Learning Division, saying, "We are currently running a major advertising campaign on UniVision, a nation-wide channel targeting the Spanish-speaking market. We expect the tremendous exposure our language learning programs are receiving will help considerably as we seek to become a household name for foreign language speaking citizens wishing to learn English. "Additionally, we will soon begin our ad campaign for the new Blip and Blab Children's Series, from the acclaimed language programs of Philips Electronics N.V. (NYSE:PHG). With the Mexican-American population expected to become the largest minority in America by the year 2005, these programs will greatly assist our new friends and neighbors in much needed language integration." About Kenwick Industries Kenwick Industries is a developing multi-industry corporation with an increasing scope of business interests. Kenwick seeks existing profitable acquisition targets with efficient management systems already in place. Kenwick manages profitable distribution systems nationally and internationally and presently has agreements to distribute language learning systems, including exclusive agreements to distribute acclaimed language programs from Philips Electronics N.V. (NYSE:PHG). Kenwick Industries currently owns automotive retailing and financing businesses. The company's primary focus is on building profits and share value. This press release contains forward-looking statements with respect to the results of operations, expectations and business of the Company that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. --30--DS/se* CONTACT: Kenwick Industries, Inc. Ken Wulwick, 800/822-4122

To: Brad who wrote (122)	5/4/1999 1:42:00 PM
From: Brad	Read Replies (1) \| Respond to of 264

FYI - PR of Feb 23, 1999 (Relates to Acquisition & Earnings)... ************************************************************ Feb 23 1999 5:31PM ET KENWICK'S AUTOMAX DIVISION REPORTS PRE-TAX EARNINGS OF $.50 PER SHARE FOR 1998; Automax' Earnings Exceed Company Estimates FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 23, 1999--Kenwick Industries, Inc. (OTC BB:KWIN) today reported 1998 revenues for their Automax Automobile Division (includes Automax Finance Unit). Kenwick's Automax Division's consolidated income (unaudited) for the year ending December 31, 1998. Income: $4,509,303 Cost of Sales: $2,294,730 Gross Profit: $2,214,573 Operating Expenses: $379,818 Net Earnings Before Taxes: $1,834,755 Pre-tax Earnings Per Share on 3,650,000 weighted shares: $.50 EPS The 1998 pre-tax earnings of $.50 per share reflect a 10% increase over the Company's estimates released last year. Kenwick's Automax Automobile sales and finance units are the primary revenue-producing divisions of Kenwick Industries. Kenwick is actively seeking to acquire additional locations for their Automax Division. About Kenwick Industries Kenwick Industries is a multi-industry corporation whose core business is automobile sales and financing. Kenwick also manages a language program distribution system which distributes Philips Electronics N.V. (NYSE: PHG) language programs. This press release contains forward-looking statements with respect to the results of operations, expectations and business of the Company that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission.