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Just because a stock is down, doesn't mean it is out.
RNKE has been doing very well :)
Maybe we see .05 the way this thing is trading
In for a pop at .03
NANNACO, Inc. Identifies Producer/Seller to Initiate $150MM Credit Line
SAN ANTONIO, Jan. 12 /PRNewswire-FirstCall/ -- NANNACO, INC. (BULLETIN BOARD: NNCO) today announced that it has identified a Seller that meets the requirements to initiate and execute a $150MM Standby Letter of Credit placed under its management. The issuance of the SBLC was dependent upon NNCO's ability to find a seller in energy production raw materials.
"We expect this transaction to finalize within the current business week," said DeVries. "The Seller has agreed to the conditions of the Terms of the Issuer and has shown the ability to meet the capacity, price, and delivery requirements of the Purchaser, and we are moving forward with our recommendation to have the SBLC issued and drawn upon through NNCO on behalf of the Buyer.
Revenues should total $6-9MM upon completion of the entire transaction, and the Seller side has initially agreed to a 30-60 day time frame to meet all of its obligations within this initial order fulfillment. Upon the satisfactory completion of the initial transaction between the two parties, the Purchaser has extended a Status of Renewal of the SBLC and an increase of the credit line of up to 300% if NNCO can demonstrate its ability to fulfill the requirements of both parties to their satisfaction. "We can look forward to a long and prosperous relationship with this situation," said DeVries.
NANNACO, Inc., headquartered in San Antonio, Texas, is a holding company, which currently trades on the Over the Counter Bulletin Board, and is presently extending its holdings in various diverse sectors of the economy through mergers, acquisitions, and joint ventures. "Our ultimate goal is to take advantage of our position as a publicly traded company and build a consortium comprised of like-minded businesses in diverse markets," said DeVries.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.
For further information, please contact Andrew DeVries, III at nannaco@sbcglobal.net
NANNACO, Inc.
CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-496-7566, or
nannaco@sbcglobal.net
PTSO locked and loaded..
TCHL .11 x .12 Saweeeeeeeeeeeet!!
BGVI Sweet!! .10 x 15
Bought 50k XKEM @ .145 cents...you have to look at this chart!!
Bottom feeders I have been buying and my entry price:
BFII .025
BGVI .035 this one is interesting lots of luys all of a sudden
CBNK .03
CESY .0035
COLV .035
EXGL .012
KSHR .02
MXMO .03
NNCO .011
PHOX .008
PLKC .011
PTSO .008
PWTC .029
SGLI .025
VPTI .015
Me too :))
Bought CESY at .0035
TCHL .075 x .076 :)
Yep I think so...may take 12 months though LOL
Added another 100k MAMH .02 to .025
Looking for between .01 to .03
.0013 x .0014
Military Resale Group Says Recent New Accounts Will More Than Double Sales in 2004; Also Forecasts First Quarter Operating Profit
Specialty Food/Grocery Distributor Says Denver SuperValu Departure
Builds Momentum for Significant Near Term Growth; Projects Sales This
Year Will Exceed $12 Million Versus an Estimated $6 Million in 2003
Military Resale Group, Inc. (OTCBB:MYRG), a rapidly growing
Specialty Food and Grocery Distributor, announced today that in recent
weeks it has been awarded contracts with aggregate annual sales of
more than $6 million for the distribution of more than 25 new brand
lines to its military commissary customers in Colorado, Wyoming and
South Dakota. Stemming mainly from the previously announced decision
by SuperValu in October 2003 to close its Denver distribution
operations to the military market, the company said it remains in
negotiations with a large number of vendors of other leading brands
that could further fill its product expansion pipeline.
According to Edward T. Whelan, CEO, "With our specific focus on
servicing the highly specialized military commissary and exchange
market in our region, and with the capacity in place to do so, we
think we are in a very good position to add a number of these new
brands that can ratchet up our top line, as well as help us achieve
our profitability goals."
2004 Sales Expected To Be Up More Than 100%
Mr. Whelan stated further, "While we will not publish audited 2003
results until late March 2004, we currently believe reportable sales
for the year will be approximately $6 million. This excludes what we
call "revenue equivalents" of about $1 million added during the year,
namely consigned sales which remain on the books of the vendor and we
report as revenue only to the extent of our commission for
distributing the products. As for 2004, the addition of new product
lines for which we already contracted should at least double our 2003
revenues, which would result in 2004 revenues of approximately $12
million. Factoring in the additional product expansion we anticipate
during the year, we currently anticipate sales levels will reach at
least $16 million on an annualized basis by year-end 2004."
First Quarter Operating Profit
According to Mr. Whelan, "With the new level of sales we
anticipate in 2004, we also look forward to achieving our first
quarterly operating profit since taking the company public in 2001,
and expect this to occur in the first quarter of the year. There is
considerable room to grow the top line in our operating model without
significant additional operating cost, and we anticipate continuing
bottom line improvement as we go forward and sales ramp up."
Looking Ahead
"The large increase in revenues we expect to achieve in 2004, as
well as our anticipated first quarterly operating profit, will be
important milestones in our development," Mr. Whelan said. "We believe
this is even more significant given that our annual revenue base was
only $750,000 when we began just a few short years ago."
"As we see it, however," he added, "this is just the beginning of
a climb to much higher levels. As we demonstrate our ability to manage
a much larger volume of business, we believe we can greatly expand our
presence and market share in what is currently a $5 billion market
with plenty of room for growth."
"Further," he stated, "our plans for growth are not limited to
continued further fulfillment of our product expansion strategy, which
is only one part of our three-pronged strategy. In the year ahead, we
hope to achieve further progress by leveraging our underutilized
distribution capacity and by shifting some of our focus to expanding
beyond our current regional focus to the larger $16 billion national
military market. To support our growth, as well as our product
development plans, we are actively pursuing a variety of avenues to
finance our anticipated growth."
Who We Are
Military Resale Group (OTCBB:MYRG), based in Colorado Springs,
became a publicly held company in 2001 and is the only publicly traded
company focused exclusively on the distribution and marketing of food
and grocery products to U.S.- based military base personnel and their
families. This is a $16 billion market ($5 billion from commissaries;
$11 billion from military exchanges) regulated by U.S. Government
agencies, including the Defense Commissary Agency (DeCA), which
qualifies and approves suppliers. MYRG, led by experienced executives
in this market, has grown rapidly with its current regional focus on
servicing commissaries at six major U.S. military installations in
Colorado, Wyoming and South Dakota, where commissary patrons are
provided cost savings of up to approximately 30%, a valuable benefit
to military personnel and their families. Suppliers to MYRG include
many of the world's leading consumer products companies, such as Sara
Lee, Jimmy Dean, Alberto-Culver, Hormel and others. Going forward, the
company is pursuing a three-pronged growth strategy of building its
product line, leveraging its capacity and growing to a much larger
national distribution company via the acquisition of complementary
businesses serving the military market. Additional information on the
company is available on its website, www.MYRG.net.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain of the
statements contained herein, which are not historical facts, are
forward-looking statements with respect to events, the occurrence of
which involve risks and uncertainties. Military Resale Group has been
advised by the various new accounts, and verified with the United
States Defense Commissary Agency (DeCA), a Department of Defense
agency, that sales for the various food lines in 2002 to the
commissaries it currently services amounted to approximately $6
million. There can be no assurance, however, that Military Resale
Group's annual sales of these products will reach such amount, and the
amount of its actual sales of the various lines of products may differ
materially from the amounts sold in 2002. If Military Resale Group is
able to generate such sales, it believes that such additional revenues
will enable the company to reach profitability on an operating basis
for the first time since its reverse merger in 2001, assuming its
operating results from existing product lines do not differ materially
from historical results. These and other forward-looking statements
may be impacted, either positively or negatively, by various factors.
Information concerning potential factors that could affect the Company
is detailed from time to time in the Company's reports filed with the
Securities and Exchange Commission.
DT I can relate, when I started in pennies in 1998 I threw in 10k usd. and had so many stocks and so little cash. I won't go into detail how I did, but now I own anywhere from 60 to 100 stocks at any given time.
Trying to trade one stock at a time is killer, grass always looks greener on the other side of the fence...I remember. Hang in there and stick to the ones you really believe in and ride em up.
This is a cut and paste snipit I sent to a fellow hubber...nothing earth shattering:
You have to be very disciplined, buy on the cheap sell half at the double and ride the freebies until they become worth some serious coin. I never chase, if I am in not cheap I don't get in at all. You will find you never (almost never) get burned this way. I go in one toe at a time, start with a smaller buys and add if they dip...which quite often they do. Accumulate over time, get your average down. Sell when others are buying and buy when others are selling. Keep to lower O/S stocks pass on the 100 million plus stocks.
Happy trading,
Shawn
Added more MAMH .012 to .014 other day
Calling our beloved SSWH a POS for shame...for methinks soon you will singing the praises of SSWH
Still with you on DCUT :)
EXGL .015 x .017 moving easy...bounce play
A fine boat indeed, smokeless motors and lots of power. Take a sub torpedo to sink one of those.
Have you been to Queen Charlotte Lodge?
I got that beat LOL
Posted by: ToshacH
In reply to: None Date:1/10/2003 3:50:42 PM
Post #of 75746
Bought XYNY at .004 volume spike
BTW PTSO started accumulating at .008 I like that one too
I know that was a travel day for me, and I missed the golden opp. My friend scooped lots down there too. Congrats
I too re-loaded at .06
What a day Friday, almost all my stocks green. Sign of what is to come? I think so, I feel we are in for a good year and a great first quarter. Tax loss selling season behind us and now we are ready for some fun. Look at Friday, one would think volume would be light with Thursday been a holiday and all.
I picked up 10 cheap stocks Christmas week, on the tax loss selling. Already 2 have doubled, and a couple others are starting to move.
Nice post Mack, you might find this interesting too. I added yesterday and was the first buy of the day at .011. What is interesting is I put in to buy 100k at .011 and they printed 300k on my buy.
2 cheapies that I am accumulating are CBBS and EXGL
I bought back at .05 and .06
PLKC :)
Nice find buddy, Shac is in the house today on TCHL
Just checking in out of town, using hotel computer. Thanks for all the warm wishes, hoping all of you had a very merry Christmas too. Bring on the new year this is gonna be fun ;))
Regards,
Shawn
CYGN lovvvvvvvve it
VEII hit 1.22 today
CYGN what a nice thing to wake up too, and I wondered if it was worth getting out of bed :))
Is this Raging Bull?
Thanks you and Merry Christmas to you ;)
Added link to iBox