| September -
ADVATEX ASSCOCIATES, INC.
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2274 Arbor Lane #3
Salt Lake City, Utah 84117
|Another Corporate Shell!|
|Advatex Associates, Inc.|
|(E-mail recommendation August 29, 1999 @ .15)|
Basically, ADTX is an empty corporation with a huge cash hoard looking for a merger candidate. Fully reporting with SEC.
Important: Effective June 15, 1999, the company entered into a consulting agreement with G-V Capital Corp., a New York based investment banking firm, to assist the company in introducing potential business opportunities, including possible acquisition of operating businesses by the company. The agreement will continue until December 31, 1999 and is automatically renewed for three month periods thereafter, but may be terminated by either party on 30 days notice.
We have owned this situation for 1 1/2 years and mentioned it in our newsletter during that time period. During our 16 year history of writing SA ADVISORY, we have played numerous corporate shells and have profited handsomely; i.e., Global Spill (GEGI) - we recommended 8-20-97 @ .375 and proceeded to sell partial positions in this situation as high as $5.00 (new name of GEGI=BIOF). As you can see the potential can be HUGE!
We cannot guarantee similar results, but the intriguing thing about corporate shells is that if the right deal comes along, the sky is the limit!
During the period of time that we have held this stock, this is the first time that the company has shown serious interest in finding a deal for this entity. On August 29th we released an E-mail message containing ADTX - current price around .15. We would not sell the farm, but owning a small position may turn into a handsome winfall.
Broker contact: Mike Chesler @ 1-800-890-1629; Corporate # 718-899-6100.
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