Chronicle Communications, Inc. Announces New Press Operational; Re-Establishes Vendor Agreement.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com TAMPA, Fla.--(BUSINESS WIRE)--Feb. 23, 2000 Chronicle Communications, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRNC CRNC College Republican National Committee CRNC Controlling Radio Network Controller (3GPP) CRNC Center for Russian Nature Conservation CRNC Completely Reliable Network Concepts (NYC area Web hosting firm) ), (http://www.chronicleinc.com) announced today its state of the art, Raghbeer Fast 300 printing press is operational at the Company's new headquarters in Tampa's prestigious Sable sable, species of marten, Martes zibellina, found in Siberia, N European Russia, and N Finland. This carnivorous mammal is highly valued for its thick, soft fur, which is dark brown or black, sometimes with white underparts and sometimes flecked with silver. Office Park. The Company expects to start running its client's printing jobs on Monday, February 28, 2000. The Company has already booked sales for the first month of operation exceeding 50% of capacity. Chronicle expects to reach capacity of this press within 3 months. Chronicle has tentatively scheduled a grand opening and media day for March 23rd, 2000. The Company will produce its own printed catalog direct from a new e-commerce driven database for its AmeriComp Computers, Inc. division. Through this process, Chronicle plans to develop the programming, which will hasten has·ten v. has·tened, has·ten·ing, has·tens v.intr. To move or act swiftly. v.tr. 1. To cause to hurry. 2. the time it takes to produce client's catalogs from their e-commerce database. Producing catalogs from e-commerce databases is a trend in offline marketing that is increasing in popularity. Chronicle purchased the press from Intercontinental Engineering Co., Inc., of Taylor, Mich. "All of us at Intercontinental Engineering are proud to be joining forces with Chronicle Communications Inc., to install our FAST-300 press in the prestigious new Sable Park facilities. Not only does this installation represent our most impressive installation in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , but the modern, scenic and truly first-class building environment will offer a reference site for our printing press which is second to none. We are most excited to see the completion of this, our first installation in the new millennium become a reality," said Michael Schwartz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Intercontinental Engineering. Chronicle has signed an agreement with Midsouth Pulp and Paper, Inc. to supply first run mill direct paper for Chronicle's newsprint newsprint low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been and other premium offset paper needs. "This is a big vote of confidence from our suppliers for Chronicle Communications, Inc.," said John V. Whitman, Jr., Chairman of Chronicle. Special Note: Management believes certain statements in this press release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the performance of the company's anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses. |
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