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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (6114)	6/4/1999 12:58:00 AM
From: Ga Bard	Respond to of 9440

Hartcourt to Distribute Share Certificates of Enova Holdings Inc. on June 4, 1999 LOS ANGELES--(BUSINESS WIRE)--June 3, 1999--The Hartcourt Cos. Inc. (OTC BB:HRCT - news) Thursday announced that the printing of share certificates of Enova Holdings Inc. has been completed and that mailings to shareholders of Hartcourt of record as of March 31, 1999, will be accomplished by June 4, 1999. Any shareholder who has not informed the company of address change should do so now by directly contacting its stock transfer agent, Signature Stock Transfer Co. Inc., at 972/788-4193. For every four shares of Hartcourt Cos. common stock, the shareholder will receive one share of Enova common stock. The Enova shares cannot be traded until a registration statement is approved by the Securities and Exchange Commission and a trading symbol is assigned by NASD, which usually occurs within 90 days. As a result of a spinoff, Enova owns 100 percent of Pego Systems Inc. and 35 percent of Electronic Components & Systems Inc. (ECS). Pego is a manufacturer and distributor of industrial equipment and systems, mainly for environmental control. It had annual sales revenue of $8 million in 1998 and reports a net profit of $117,500 for the first quarter of 1999. ECS is a contract manufacturer with plants in Arizona, California and Mexico. The company had annual sales revenue of $16 million in 1998 and has undergone a financial restructuring to enable it to become a public entity on its own by 2000. Enova is planning to grow via acquisitions of companies relating to environmental engineering and equipment. Just two weeks ago, President Clinton called for a renewed effort to clean up America and the world before irreversible damage is done to the environment. Vice President Gore is known as the ''environmental'' candidate in the upcoming presidential election. Enova plans to create a truly global company in the environmental field. Certain statements in this news release may constitute ''forward- looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors that may cause the actual results, performance or achievement expressed or implied by such forward-looking statements to differ materially from the forward- looking statements. -------------------------------------------------------------------------------- Contact: The Hartcourt Cos. Inc., Los Angeles Alan V. Phan, 310/788-2634

To: Ga Bard who wrote (6114)	6/4/1999 12:58:00 AM
From: Ga Bard	Respond to of 9440

Austins Steaks & Saloon, Inc. Reports on Combination With WesterN SizzliN LINCOLN, Neb., June 3 /PRNewswire/ -- Austins Steaks & Saloon, Inc. (OTC Bulletin Board: STAK - news) announced today that its Registration Statement became effective with the SEC relating to the proposed business combination of Austins with The WesterN SizzliN Corporation in Roanoke, Virginia. WesterN SizzliN stockholders will vote on the proposed combination on June 28, 1999. Assuming that the WesterN SizzliN shareholders approve the combination, it will become effective on July 1, 1999. As a part of the combination, Austins will issue 11,219,250 shares of common stock to the WesterN SizzliN shareholders. The WesterN SizzliN shareholders will own 93% of the combined entity following the combination. In order to accomplish the combination, Austins will reduce its outstanding common stock through a 1 for 3.135 reverse split. This means that upon the completion of the combination, existing Austins stockholders will own 7% of the combined entity or approximately 850,000 shares. Paul C. Schorr, III, Austins Chairman of the Board said, ''We are very enthusiastic that the business combination has been cleared by the SEC without any significant delays or complications. We hope that this business combination gives us momentum to build our company into a profitable and growing restaurant chain.'' On May 21, 1999, WesterN SizzliN reported its consolidated results for the three months ended March 31, 1999. WesterN SizzliN reported income before taxes of $735,383 and a net income of $451,783. This compares to first quarter 1998 pre-tax income of $636,894 and net income of $393,387. Net income increased 14.8% over the prior first quarter. Victor F. Foti, Chief Executive Officer and President of The WesterN SizzliN Corporation, commenting on first quarter results of 1999, stated that he was, ''pleased and encouraged by our operating results during the first quarter, especially with the improvements experienced in the Louisiana market. WesterN SizzliN feels confident about the proposed merger with Austins.'' WesterN SizzliN operates and franchises a total of 240 restaurants in 23 states, including 20 company-owned and 220 franchised restaurants. Foti also announced two new management appointments to the combined company. Effective June 21, 1999, Timothy N. Griggs, currently Director of Operations for Austins, will become Vice President of Company Operations for the new combined company. Griggs has been with Austins since April, 1995. Prior to that, he served as a regional manager for a national restaurant chain. A Senior Manager with KPMG LLP, will join the management team effective July 1, 1999 as Vice President and Chief Financial Officer. Foti and Schorr said that these two individuals will add valuable knowledge and experience to the combined company in their respective areas of responsibility. Austins Steaks & Saloon, Inc. currently owns and operates seven moderately priced, casual dining, full service Austins restaurants located in Arizona, Nebraska and New Mexico. The restaurants feature speciality Nebraska prime rib dishes, a variety of fresh-cut aged steaks, home-cooked entrees, salads and sandwiches, which are enhanced by the restaurant's fun Western roadhouse atmosphere. Forward Looking Statement Except of the historical information contained above, this news release may be deemed to include forward-looking statements that involve risk and uncertainty involving the completion of the combination and the ability to achieve the anticipated financial results. Although Austins and WesterN SizzliN believe their expectations are based upon reasonable assumptions, neither can give assurance that the expectations will be achieved. The factors that could cause actual results to differ materially from those in the forward-looking statements (''Cautionary Statements'') include, without limitation, the factors cited above which could cause the combination not to be completed, the risks associated with the extremely competitive restaurant market, the continuation of favorable economic conditions permitting individuals and families to eat out and the ability of the combined management to timely and economically combine the operations of the two companies. All subsequent written and oral forward-looking statements attributable to Austins or WesterN SizzliN or persons acting on their behalf are expressly qualified in their entirety by the Cautionary Statements. Austins does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

To: Ga Bard who wrote (6114)	6/4/1999 12:59:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

OTC:TMLN ... Microsoft Acquires License to Timeline's Data Retrieval Patent; Timeline Vigorously Pursuing Patent Infringement Claims BELLEVUE, Wash., June 3 /PRNewswire/ -- Timeline Inc. (OTC Bulletin Board: TMLN - news) today announced that Microsoft Corporation (Nasdaq: MSFT - news) has obtained a non-exclusive license to a patent owned by Timeline. As part of the agreement, Microsoft will be entitled to a license on additional international and domestic patents, if such patents are issued to Timeline in the future. Financial terms of the agreement were not disclosed. In related matters, Timeline continues to pursue patent infringement actions against Sagent Technologies Inc. (Nasdaq: SGNT - news) and Clarus Corporation (Nasdaq: CLRS - news). ''We believe the license negotiated with Microsoft clarifies Timeline's rights to its technology and patented inventions which apply to the automated generation of data marts. We also believe this clearly establishes Timeline as a player to be reckoned with in the data mart field. Timeline is aggressively pursuing commercialization of its patented inventions and related technology. We believe our technology represents a 'pioneer patent' in certain aspects of automating the generation of data marts. While Timeline products utilize the technology in the area of financial reporting, analysis and budgeting, the patent has broad application to data mart generation in fields other than financial analysis,'' said Charles R. Osenbaugh, president and CEO. ''Not only are we seeking licenses for Timeline products that incorporate our patented inventions, we are vigorously pursuing claims for alleged infringements. Timeline is currently in litigation with Sagent Technologies Inc., seeking damages and enjoining Sagent from any further licensing of various modules which are part of Sagent's Data Mart Solution(TM) suite. Timeline also has brought an action against Clarus Corporation seeking damages and enjoining release of Clarus(TM) View and any further licensing of Clarus(TM) Report Accelerator products,'' Osenbaugh said. ''Most importantly, Microsoft has renounced any claim of ownership interest in Timeline's patent and pending patents'' stated Osenbaugh. ''Our inventions, which are the subject matter of the patent, occurred prior to Timeline developing software on behalf of Microsoft. This agreement has removed all ambiguity regarding whether Timeline had conveyed an ownership interest in its inventions as part of delivering applications that utilize the technology to Microsoft. ''The one time Microsoft license fee and clarification of rights, along with the development and marketing support included in the transaction, are a major step forward for this company,'' Osenbaugh added. ''However, management expects earnings for the foreseeable future to continue to be lumpy. We have incurred and will continue to budget for substantial legal fees and litigation expenses over the next several years in connection with filing for patent protection and filing patent infringement claims. ''Licensing patents is not our core business, and the vast majority of our time and resources are directed at conducting business as usual, enhancing and marketing financial reporting and budgeting products based on Timeline data marts. Nevertheless, Timeline's Board of Directors and our management team has a duty to protect Timeline's intellectual property rights for the benefit of all our shareholders. With the strengthening of Timeline's cash position and financial health, there are a number of 'parties of interest' whom Timeline will research and take such actions as it deems appropriate,'' Osenbaugh concluded. Timeline develops, markets and supports proven, Microsoft Windows-based financial management reporting software suitable for complex applications such as those found in medium to large, multinational corporations. Analyst for Microsoft Excel was developed for Windows 95, Office 97 and Windows NT and thus takes full advantage of the new operating systems from Microsoft. Timeline can be reached at 800-342-3365 or on the Web at www.timeline.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the ability to reach definitive agreements in negotiations with third-parties to market or license Timeline's technology, trends in the software market, patent infringement enforcement, obtaining further U.S. and international patent protection and other risk factors detailed in the Company's Securities and Exchange Commission filings. NOTE: Timeline is a registered trademark of Timeline, Inc. Microsoft Windows 95, Office 97 and Windows NT are registered trademarks of Microsoft Corporation. Clarus is a trademark of Clarus Corporation. Sagent and Data Mart Solution are registered trademarks of Sagent Technologies Inc.

To: Ga Bard who wrote (6114)	6/4/1999 1:03:00 AM
From: Ga Bard	Respond to of 9440

Havana Republic E-Commerce Site Becomes Fully Interactive and Operational WESTON, Fla.--(BUSINESS WIRE)--June 3, 1999--Havana Republic (OTC BB:HVAR - news) announced today that it's interactive E-Commerce site is fully operational. The site began receiving orders within hours of going active. Presently, the entire inventory of cigars is available on the website at www.HavanaRepublic.com. The site is presently being expanded to offer the entire breadth of accessories such as Dunhill, S.T. DuPont, Elie Bleu, Michele Perrnoud as well as other important high profile lines that are presently unavailable on the internet. Commenting on the announcement, Stephen Schatzman, President of Havana Republic said, ''We believe our E-Commerce site will significantly increase our market share in the premium cigar market, and especially increase our exposure and revenues for our own Havana Republic brand.'' Havana Republic is a vertically integrated company that operates cigar plantations and factories in Jalapa, Nicaragua as well as upscale cigar emporiums and clubs. Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Havana Republic Stephen Schatzman, President 954/384-6333 or The Pinnacle Group Mark Cohen, 516/773-2477

To: Ga Bard who wrote (6114)	6/4/1999 1:05:00 AM
From: Ga Bard	Respond to of 9440

HyperDynamics Corporation Announces Major E-commerce Contract With $100M+ National Retailer HOUSTON--(BUSINESS WIRE)--June 3, 1999--HyperDynamics Corporation (OTC BB:HYPD) announced today the success of MicroData Systems, Inc., (its wholly owned subsidiary) in closing a significant Internet based e-commerce development project with The Mattress Venture, LP of Houston, Texas. The Mattress Venture, LP currently supports eighteen (18) separate franchises with approximately one hundred thirty (130) franchised stores. According to Furniture/Today magazine, The Mattress Firm is currently the 46th largest furniture sales organization and fastest growing bedding specialty retailer in the United States with projected annual sales in excess of one hundred million dollars ($100,000,000). The initial project budget is estimated at $800,000 and may grow rapidly depending upon the startup or acquisition of additional stores. From a technical perspective, the HyperDynamics' design utilizing the Internet provides a unique approach in partnership with such industry leaders as Microsoft (Nasdaq:MSFT - news), Great Plains Software (Nasdaq:GPSI - news), and Citrix Systems Inc.(Nasdaq:CTXS - news). Harry Briers, president of MicroData Systems, Inc., stated that, ''We are delivering the first Web-based point-of-sale application that is fully integrated with inventory, distribution, and financial accounting. Our design will minimize the cost and complexity at the store level. Stores will only need a PC connected to the Internet in order to operate. The system will be easily scalable to meet the requirements of almost any size organization.'' Kent Watts, president, stated that, ''HyperDynamics views this project as a core opportunity. We are proving that companies that currently utilize expensive private networks can now have the option to leverage the real value of the Internet. As a result of our approach, retail and many other industries that currently use older technology can save enormous amounts of money while increasing their overall operating productivity. Additionally, we believe our timing to be in-line with the rapid development of the Internet infrastructure around the world.'' Kent Watts further proclaimed, ''There is a tidal wave of change coming which is monumental and of historical significance. Businesses today must learn to surf or they will drown.'' The unlimited potential for additional projects is exciting. As the premier Internet Technology Service Provider (ITSP), HyperDynamics expects to develop an ongoing and recurring revenue base of Internet based projects and IT (Information Technology) hosting services. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Stock Enterprises Jim Stock, 702/614-0003 jamestock@aol.com www.hyd.net

To: Ga Bard who wrote (6114)	6/4/1999 1:08:00 AM
From: Ga Bard	Respond to of 9440

CEC Properties Continues Profitable Trend in Second Quarter NEWPORT BEACH, Calif., June 3 /PRNewswire/ -- CEC Properties, Inc., Newport Beach, Ca., (OTC Bulletin Board: CECI - news) announced today that its' earnings for the second quarter were $34,287, or $0.002 per share, versus a loss of ($56,872) or ($0.004) per share, incurred during the same period in 1998 from continuing operations. Diluted weighted average shares outstanding for the period were 15,161,011 as compared to 12,989,226 for the same period in 1998. For the six months ending April 30, 1999 CEC Properties, Inc. reported Net Income of $64,773, or $0.004 per share as compared to a loss of ($121,780) or ($0.009) per share for the year previous, from continuing operations. The improved operations, largely reflect the impact from the First Golf acquisition completed in October 1998. ''We are pleased with our growth and improvements in our operations,'' said Paul Balalis, President and Chief Executive Officer of CEC Properties, Inc. ''Our presence in the golf industry continues to grow through new and current contracts as well as continuing expansion with turf products. CEC Properties, a golf services company, operates through its wholly-owned subsidiaries, First Golf Corporation, a golf course construction management company and Classic Golf Management, a golf course facility management company. CEC Properties continues to increase its presence as a quality provider of management services to municipalities, developers and private owners of golf course facilities, as well as offering consulting, analysis and evaluation for both domestic and international clients. Year to date 3 months ended 6 months ended April 30, April 30, April 30, April 30, 1999 1998 1999 1998 Revenues(a) $766,430 $282,691 $1,495,576 $631,505 Expenses 732,143 339,563 1,430,803 753,285 Profit(Loss) 34,287 (56,872) 64,773 (121,780) Profit(Loss) per Share $.002 $(.004) $.004 $(.009) (a) from continuing operations (The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumer preferences and trends and other risks detailed in the Company's Securities and Exchange Commission filings.)

To: Ga Bard who wrote (6114)	6/4/1999 1:15:00 AM
From: Ga Bard	Respond to of 9440

Chester Holdings, Ltd. Retains Firm To Aid In Restructuring FLANDERS, NJ--(BUSINESS WIRE)--June 3,1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it had retained the law firm of Frohling Hudak & McCarthy of Roseland, NJ to work with the management of the Company to implement a reorganization plan as well as to aid in the review of potential acquisitions which may present themselves during the reorganization process. Initially the Firm will work with the Company to prepare all necessary regulatory filings required for the Company to become fully reporting. The Company has also begun the process of selecting an accounting firm to assist it in the preparation of its periodic SEC reports. Once all required filings are completed Chester Holdings, Ltd. expects to be able to work with potential acquisition candidates on the restructuring of the Company and capital raising projects. ''Safe Harbor'' Statement under the Private Securities Litigation Act of 1995; to the extent that this press release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to complete and file the 10K's and 10Q's. These risks could effect the ability of the Company to successfully reorganize and resume operations as stated in any forward looking statements made by, or on behalf of the Company. There is no assurance that the Company will be able to achieve any of its intended objectives. For more information please contact Michael F. O'Shea, President at 1-864-962-8906 or FAX requests to 1-864-962-8417 --------------------------------------------------------------------------------

To: Ga Bard who wrote (6114)	6/4/1999 1:22:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

BrainTech Inc. Announces Reseller Agreement With Visionary Solutions, Inc. NORTH VANCOUVER, B.C.--(BUSINESS WIRE)--June 3, 1999--BrainTech (OTC BB:BNTI - news) announces a reseller agreement with Visionary Solutions, Inc., (Philadelphia, PA) a leading supplier providing software libraries in the areas of imaging, document management, scanning, storage, and related technologies. BrainTech Inc. resells Visionary Solution's VisImage® software embedded as a library in the Odysee Development Studio. The library product is an option available with the Odysee Development Studio, set for release in early July, 1999. The Odysee Development Studio is a productivity tool for the rapid design and testing of machine vision applications. It allows system integrators to rapidly develop prototypes for commercial applications. The VisImage® toolkits are designed to give developers all the power and flexibility needed to integrate any type of raster images (black & white, grayscale, color) into applications as effortlessly as possible. VisImage® was constructed to be the highest performing, most feature-packed toolkit available in the imaging market. ''We were very impressed when we first reviewed the Odysee Development Studio and quickly agreed to a working relationship with BrainTech Inc. and look forward to extending our imaging technology into new markets,'' comments Brian Spangler, President of Visionary Solutions. BrainTech's President Owen Jones states, ''We are pleased with the value-add that VisImage® brings to our core product, Odysee. BrainTech continues to expand Odysee's functionality by offering the user a wide variety of thoroughly tested algorithms from which to choose. At the same time, BrainTech will have an increasingly versatile product to resell to customers,'' Mr. Jones goes on to say that, ''BrainTech looks forward to working with Visionary Solutions as both companies continue to strengthen their respective products.'' ON BEHALF OF THE BOARD (signed) OWEN JONES PRESIDENT The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by BrainTech, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of BrainTech, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors. -------------------------------------------------------------------------------- Contact: For BrainTech Inc.: Richard Simpson, 604/988-6440