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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (8045)	5/5/1999 2:04:00 PM
From: James Lee Baldwin	Read Replies (2) \| Respond to of 52051

From RB e-mail from Phil Hernandez - Key- Quick reply for now as we have had travel troubles due to Dallas airport closure yesterday and are attempting to get home again today. The meetings were EXCELLENT to say the least. Carlos Saldana (Pres. La Guardia GFS) and myself will be drafting a Field Report and anticipate that it will be sent out via e-mail no later than tomorrow evening, and should have a revised Corp Profile for SETO posted on our web site, www.DosComercios.com either Friday or sometime over the weekend. I hope you found the 10K on-line and have had a chance to review it thoroughly. In the 10k SETO stated that there was a backlog of approximately $1.1mm in sales, and I am in hopes that a vast majority of that has been filled and will be reflected in the quarterly financials which should be released no later than the end of the month. This would represent nearly half the income for the entire fiscal year which end Jan 31, 1999, and may potentially represent even higher profit margins. These statements are forward looking, and Mr. Pian was hesitant to confirm or deny the results of the first quarter, due to the miscalculations in expected returns for last year. As always Key, thank you for your continued interest, and please contact me again with any further questions or concerns. Sincerely, Phil Hernandez Public Relations La Guardia GFS ps - we were able to meet with IMS (designer of SETO/FUJI e-commerce site), and he indicated the site will be up and running in the next 30 days, potentially sooner. I had the opportunity to view the construction site, and even though the site name and logo are still in development, it looks VERY professional and promising!