Breaking News!!!
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Wed Jun 20 16:10:52 PDT 2001
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Issue 8 June 20, 2001
Editor's Note [Image]
Today, StockNight brings to you a substantial press release from a
company with a business plan a little different from those we
normally feature. The release, issued close to the end of trading
today, announces the listing of The Neptune Society on the OTC
bulletin board. The company had been trading on the Pink Sheets in
the $5 range before this long awaited announcement.
The Neptune Society (otcbb: NTUN). [Image]
Headquartered in Burbank, CA., The Neptune Society Inc. is one of
North America's largest cremation specialists, and is the only
publicly traded company dealing solely in cremation services. The
Neptune Society, operating for nearly three decades with locations
in California, Florida, New York, Washington, Iowa, Oregon and
Arizona has provided thousands of cremation services and currently
has close to 60,000 active contracts and nearly $40 million in
trust in its unique Pre-Need program. The Neptune Society's goal
is to provide a simple, dignified and economic alternative to the
traditional funeral burial service system.
Breaking News [Image]
The Neptune Society Receives Approval on Its
Form 211.
Company Now Listed on the OTC Bulletin Board.
BURBANK, Calif., June 20 -- The Neptune Society (OTC Bulletin
Board: NTUN), one of the country's largest publicly traded
cremation specialists, announced today that the Form 211 that has
been filed by Herzog Heine Geduld, a Merrill Lynch Company, has
been approved and The Neptune Society has returned to trading on
the National Association Securities Dealers Over-The-Counter
Bulletin Board.
The Neptune Society Inc. is one of North America's largest
cremation specialists, and is the only publicly traded company
with a business strategy that focuses solely on providing
cremation services. The Company believes its competitive strategy
coupled with a selective acquisition and expansion program will
enable the Company to establish itself as a leader in the
cremation service industry and maximize shareholder value.
Neptune's plan is to become the largest and most trusted name in
the cremation service industry. During the last 12 months, the
Company completed three strategic acquisition/mergers in
Washington, Oregon and Iowa and opened one new office in the
Seattle, Washington area, resulting in a market presence serving
approximately five million people in Washington, Oregon and Iowa.
As a result of these acquisitions, the Neptune Society now has a
market presence in seven different states, including California,
Florida and New York. The Neptune Society is currently planning
two additional ``start-up'' locations, which are anticipated to be
opened this year. The targeted market areas have a total
population in excess of another two and one half million people.
In addition, the Company is examining four new states as possible
locations for ``start-up'' locations during 2002. The Company
believes that continued growth and development of The Neptune
Society brand name will assist the Company in achieving its goal
of becoming the largest provider of cremation services in the
United States.
An added benefit to the Portland, Oregon transaction is that The
Apogee Companies, Inc. has become a major shareholder in the
Neptune Society. Roy P. Disney (of the Disney family), and
Apogee's Chairman said, ``We will miss having CMC as one of our
Apogee Companies, but we are looking forward to becoming part of a
much bigger effort with our new friends down the street at
Neptune.''
Marco Markin, President and CEO of the Neptune Society, said, ``I
am happy that the Neptune Society is now a full reporting company
with the Securities and Exchange Commission, and more importantly
with the growth that Neptune has achieved over the last 18 months.
Market share in Washington, Oregon and Iowa has surpassed our
expectations and we foresee continued growth in these states.''
For further information regarding Neptune Society contact:
Gary R. Loffredo, Director (800) 535-7935
www.neptunesociety.com
Headquartered in Burbank, CA., The Neptune Society Inc. is one of
North America's largest cremation specialists, and is the only
publicly traded company dealing solely in cremation services. The
Neptune Society, operating for nearly three decades with locations
in California, Florida, New York, Washington, Iowa, Oregon and
Arizona has provided thousands of cremation services and currently
has close to 60,000 active contracts and nearly $40 million in
trust in its unique Pre-Need program. The Neptune Society's goal
is to provide a simple, dignified and economic alternative to the
traditional funeral burial service system.
Disclaimer: This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Readers/Investors are cautioned that the
forward-looking statements are inherently uncertain, including
statements related to the Company's business strategy, success of
its acquisitions, its ability to implement its current business
and growth strategies, the ability to implement acquisitions and
start up offices into its existing operations, its ability to
obtain sufficient financing to fund its proposed growth, the
Company's ability to develop its brand name and effectively market
its services and the Company's expectations for future success.
Actual performance and results of operations may differ materially
from those projected or suggested. The forward-looking statements
contained herein represent the Company's judgment as of the date
of this release, and the Company cautions the reader not to place
undue reliance on such statements. These forward-looking
statements should not be reprinted, reiterated nor considered an
inducement for investment.
SOURCE: The Neptune Society
Related links, Due Diligence & Financials:
The Neptune Society Corporate Home Page
(Note: Sometimes the transition to the bulletin board can cause
confusion in viewing quotes online for the first few days. Either
of these links should provide quotes on NTUN as of course can your
broker.)
NTUN Quote and More
Another NTUN Quote & Data Source
Question of the Day: It was reported today that Osama Bin Laden
has planned to kill President Bush. Should the U.S. take more
aggressive steps to apprehend him? Click here to comment.
Disclaimer & Safe Harbor Statement:
SafeHarbor:
This fact sheet contains forward-looking statements within the
meaning of Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of the 1934. These forward-looking
statements can be identified by the use of forward-looking
terminology such as may, could, expected to and believes.
Actual events or performance involve risks and uncertainties that
could differ materially from those anticipated in such
forward-looking statements. Factors that could cause actual
results to differ materially from those projected in
forward-looking statements include competition, themanagement of
our growth and the ability to deliver new products to market on
time. Such forward-looking statements are subject to other risks
and uncertainties, which are detailed in the Companys filings
with the Securities and Exchange Commission.
Disclaimer:
StockNight.com is owned by Market Pathways Financial Relations
Incorporated (MP). The information contained herein is based on a
news release or other report written and disseminated entirely by
the subject company, Any information, opinions or analysis
regarding the subject company to which StockNight.com has provided
a link or other detail are provided by sources believed to be
reliable but no representation, expressed or implied, is made as
to its accuracy, completeness or correctness. This report is for
information purposes only and should not be used as the basis for
any investment decision. MP has been compensated for dissemination
and posting of this information and owns 12,000 shares of NTUN
common stock (provided by BG Capital), which it received as
compensation for its services past and present. This constitutes a
conflict of interest as to our ability to remain objective in our
communication regarding the subject company. Write or call MP for
detailed disclosure as required by Rule 17b of the Securities Act
of 1933/1934. MP and its owners, agents and employees are not an
investment advisor and this report is not investment advice. This
information is neither a solicitation to buy nor an offer to sell
securities. Information contained herein contains forward-looking
statements and is subject to significant risks and uncertainties,
which will affect the results. The opinions contained herein
reflect our current judgment and are subject to change without
notice. MP and its affiliates, associates and employees from time
to time may have either a long or short position in securities
mentioned. Information contained herein may not be reproduced in
whole or in part without the express written consent of Market
Pathways Financial Relations Incorporated (Copyright 2001.).
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