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Microcap & Penny Stocks : VCAH -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (357)	5/27/1999 7:42:00 AM
From: Popiye	Read Replies (2) \| Respond to of 517

I reread the news release a few times to interpret what is going on with the company. Appears three companies want the timber and one wants the gold in the ground. The first sounds like a done deal: Strong international interest in the types of wood available in the areas of interest was paramount to VenCap extending its domain to meet the needs of it's timber buyers. The Company recently received a Letter of Intent from a substantial European timber buyer to supply them with a minimum of 15,000 m/3 per month, with delivery to begin as soon as possible. It is the Company's intention to immediately enter into a formal agreement with this buyer, which could result in more than $30 million in gross income in the first year. The terms of the contract could include a renewal clause, which could extend the relationship for many additional years (Note: 1 m/3 = 424 board feet). This is just the start of their revenue stream. More contracts (three more) appear to being worked out. Best wishes:)