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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (365)	5/10/1999 11:06:00 PM
From: surelock	Read Replies (1) \| Respond to of 7056

Market cap of $1 billion may be a tad on the high side. "Following the reorganization of the Company, as described in the preceding paragraph, Hitsgalore, a privately owned company, is to be merged into the Company in exchange for the conversion of all of the issued and outstanding stock of Hitsgalore into 37.675 million shares of the Company's common stock. The Reorganization and Merger Agreement also provides for the issuance of up to an additional 4.0 million shares of the Company's common stock to consultants and professionals rendering services in connection with the proposed reorganization and merger and for acquisition costs and fees. Following the Merger, the name of the Company is to be changed to Hitsgalore (hereinafter referred to as the Company or Hitsgalore) and assuming consummation of the Reorganization and Merger Agreement, the Company will have approximately 49.675 million shares of common stock issued and outstanding."