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1998-01-14 - StockAlert News: UNFC expects increase of $50M in assets

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From: kouqi32@mci.net
To: kouqi32@mci.net
Message Hash: 3b8d86d7092682f4a9d94fd2940526c9cd26fb8b51e9b1567d9282dcf67e16b2
Message ID: <199801143911CAA36883@post.com.au>
Reply To: N/A
UTC Datetime: 1998-01-14 06:30:05 UTC
Raw Date: Tue, 13 Jan 1998 22:30:05 -0800 (PST)

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From: kouqi32@mci.net
Date: Tue, 13 Jan 1998 22:30:05 -0800 (PST)
To: kouqi32@mci.net
Subject: StockAlert News: UNFC expects increase of $50M in assets
Message-ID: <199801143911CAA36883@post.com.au>
MIME-Version: 1.0
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<FONT  COLOR="#000000" SIZE=3><B>REMINGTON-HALL CAPITALIZES ON RESURGENT REAL ESTATE MARKET 
 Company expects to acquire $50 million in assets by mid-1998</B>
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DALLAS --<FONT  COLOR="#0080ff" SIZE=3><B> </B>UNFC<B> </B>), a diversified real estate investment firm formerly known as Universal Fuels Company, is quietly acquiring over $50 million in previously undervalued, undercapitalized or mismanaged commercial properties and
 making this new major player<FONT  COLOR="#0080ff" SIZE=3><B> </FONT><FONT  COLOR="#000000" SIZE=3></B>one of the best moderate-risk real estate investments in 1998.  
 
Founded in 1975 as Universal Fuels, the company provided uranium to the world as an alternative fuel, but as uranium became less used as a nuclear fuel source than other more economical and useful materials, Universal Fuels' stock declined almost to extinction over several years.  Less than a year ago the stock price was less than 1.
 
Four months ago officials from Camden-Townwest, a privately held real estate investment firm, approached Universal Fuels former management about converting Universal Fuels into a publicly traded real estate conglomerate.  Camden-Townwest, founded in 1994, grew from $19,000 in cash to $3 million in assets in three years without seeking any outside capital.  Since the change in management and corporate mission last October, <FONT  COLOR="#0080ff" SIZE=3><B> </B><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">U
NFC</A><B> <FONT  COLOR="#0080ff" SIZE=3></B> </FONT><FONT  COLOR="#000000" SIZE=3>has seen its stock value increase by over 800%.   
 
Remington-Hall<B>  </B>is now making its move to increase assets at a tremendous rate.  By mid-year management expects to acquire in excess of $50 Million in office buildings and multi-family properties at a significant discount to their market value. "We have been referred to as 'Cat Burglars of Real Estate'," said Douglas Fonteno, president & chief executive officer.   "And that's a title we hope to keep."
 
Larry Hood<B> <FONT  COLOR="#ffffff" SIZE=3>,</FONT><FONT  COLOR="#000000" SIZE=3></B>formerly Chief Operating Officer of Pizza Inn and Chief Financial Officer of Reliance Mortgage Company, is Remington-Hall's Chief Financial Offi
cer, giving the new company immediate and substantial financial integrity.  Wade Hyde, previously public relations and investor relations executive for Blockbuster Video and FoxMeyer Corporation, is Vice President of Marketing & Public Relations. 
 
Currently Remington-Hall<FONT  COLOR="#0080ff" SIZE=3><B> </FONT><FONT  COLOR="#000000" SIZE=3></B>is seeking to be listed on the Pacific Stock Exchange and the Nasdaq National Market.  The company anticipates announcing over $10 million in newly acquired assets by the end of January.
  
<B>Name:</B>		     Remington-Hall Capital Corporation<B> </B>( formerly Universal Fuels)
<B>Symbol:</B>	     Nasdaq:<FONT  COLOR="#0080ff" SIZE=3><B> </B>UNFC<B> </B>
<B>Mission:</B>	     To aggressively acquire steeply undervalued real estate properties
                       due to previous mismanagement or undercapitalization.   
<B>Management: </B>Senior executives with diverse experiences, including: 
                       Fortune 500 corporations, leading stock brokerage firms, 
                       real estate companies and national marketing.  
<B>Goals:</B>	           To increase assets to $10M by January 98 and $50M by mid-year  
<B>Address:</B>	     1401 Elm St., Ste. 1818, Dallas, TX  75202-2925
<B>Phone:</B>	           (214) 749-4600
<B>FAX:	</B>	     (214) 749-4608
<B>Internet:</B>	    www.remington-hall.com<B> </B> <FONT  COLOR="#0080ff" SIZE=3><B>
</FONT><FONT  COLOR="#000000" SIZE=3>E-Mail:</B>	         <B> InvestorRelations@remington-hall    <FONT  COLOR="#ffffff" SIZE=3>ll.com</FONT><FONT  COLOR="#0000ff" SIZE=3></B>
</FONT><FONT  COLOR="#000000" SIZE=3><B>Quote             </B>Yahoo! Remington-Hall<B> </B> <A HREF="www.remington-hall.com">
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