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Microcap & Penny Stocks
LOAN- General Credit
An SI Board Since July 1998
Posts SubjectMarks Bans Symbol
5 1 0 LOAN
Emcee:  musicguy Type:  Unmoderated
General Credit Corp., since the acquisition of New York Payroll Factors, Inc. on 5/2/97, has been engaged in providing check factoring services to its customers on a non-recourse basis. For the three months ended 3/98, revenues totalled $964 thousand vs. non prior. Net loss decreased 16% to $118 thousand. Revenues reflect the purchase of checks and credit card sales slips. Net loss reflects increased office overhead and payroll and related expenses.
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