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Chinga

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Chinga

Re: None

Tuesday, 05/03/2005 12:40:33 PM

Tuesday, May 03, 2005 12:40:33 PM

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The franchising deal seems like a good diversification move...American Restaurant Development Company is making some nice plays right now....UGRD can bring some needed revenue as they move toward heavy marketing of the UltraCell starting towards the end of this month.....then management may be planning to spin off UGRD's Innovative Fuel Technology Inc. subsidiary....perhaps with a dividend to UGRD shareholders if they do an IPO with Innovative Fuel.
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