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1998-01-16 - StockAlert News: UNFC expects increase of $50M in assets

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From: failaqa35@psi.ch
To: failaqa35@psi.ch
Message Hash: 4a2bc383388450c39cdf8cb55fb4083902e817d3c6c0c2fcf2b26975bbada477
Message ID: <199801162788FAA38691@post.co.jp>
Reply To: N/A
UTC Datetime: 1998-01-16 22:13:18 UTC
Raw Date: Fri, 16 Jan 1998 14:13:18 -0800 (PST)

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From: failaqa35@psi.ch
Date: Fri, 16 Jan 1998 14:13:18 -0800 (PST)
To: failaqa35@psi.ch
Subject: StockAlert News: UNFC expects increase of $50M in assets
Message-ID: <199801162788FAA38691@post.co.jp>
MIME-Version: 1.0
Content-Type: text/plain


<HTML><PRE></P><P ALIGN=CENTER> <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>
</P><P ALIGN=LEFT>  
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.  The stock price was less than 1 last year.
 
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>UNFC<B> <FONT  COLOR="#0080ff" SIZE=3></B> </FONT><FONT  COLOR="#000000" SIZE=3>has seen its stock value increase by over 800%.   
 
Remington-Hall  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 plan to keep."
 
<U><B>Douglas T Fonteno</U> </B>previously Chairman of Camden-Townwest and formerly with Merrill Lynch, is Remington-Hall's new President & Chief Executive Officer.  <U><B>Larry Hood</U></B>,  <B> </B>formerly Chief Operating Officer of Pizza Inn and Chief Financial Officer of Reliance Mortgage Company, is Remington-Hall's Chief Financial Officer, giving the new company immediate and substantial financial integrity.  <U><B>Wade Hyde</U></B>, 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> </FONT><FONT  COLOR="#000000" SIZE=3>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  ( 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>Internet:</B>	     www.remington-hall.com <FONT  COLOR="#0080ff" SIZE=3><B>
</FONT><FONT  COLOR="#000000" SIZE=3>E-Mail:</B>	         <FONT  COLOR="#0080c0" SIZE=3><B>  </B>InvestorRelations@remington-hall.com<FONT  COLOR="#0000ff" SIZE=3>
</FONT><FONT  COLOR="#000000" SIZE=3><B>Quote:            </B>Yahoo! Remington-Hall<B> </B>

              Except for the historical information contained on the website,
              the matters set forth inthese documents are forward-looking
              statements within the meaning of the "safe harbour" provisions
              of the Private Securities Litigation Reform Act of 1995. These
              forward-looking statements are subject to risk and uncertainties
              that may cause actual results to differ materially. These forward-looking
              statements speak only as of the date hereof and the Company disclaims
              any intent or obligation to update these forward-looking statements.  
<FONT  COLOR="#000000" SIZE=3>
</PRE><

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