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Re: DrHarleyboy post# 1226

Tuesday, 02/12/2008 7:43:19 AM

Tuesday, February 12, 2008 7:43:19 AM

Post# of 2932
from press release in January....anytime now....

To date, the Company has a prospect list of acquisitions totaling sales of over $150 million. The current focus is to concentrate our efforts on closing four of these acquisitions in the first half of 2008. The Company had expected to consummate a portion of these four acquisitions in late 2007. The financing options at that time however were not beneficial to shareholders and the Company ceased negotiations with the funding sources. The Company has recently begun negotiations with several new sources of funding and expects to make an announcement in the near future regarding this. The Company is shareholder conscious and is committed to non-toxic forms of financing.

The purchase price of all four acquisitions is anticipated to be $16.2M. The combined annual sales and EBITDA of the four acquisitions was $28M and $4.0M in 2007, respectively. Our current strategy for acquisition would bring $10.3M in debt with the remaining issued in equity. By rolling up the four target acquisitions under the Leisure Direct distribution plan, we will bring as much as a 25% price savings to consumers. The increase in savings is anticipated to attract more consumers which will increase the overall profit significantly. Currently the Company feels its share price does not reflect its current business development. With a market cap recently as low as $500K the Company trades well below the value of some dormant shell Companies

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