CyberAmerica Corp. Rated 70 Out of Top 100 Public Companies; Utah Business Magazine Rates Top Public Companies in State.SALT LAKE CITY--(BUSINESS WIRE)--April 24, 1999-- CyberAmerica Corporation, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYAA) announced today that it was rated 70th out of the top 100 Public Companies with roots originating in Utah. Criteria for the rating was sales revenues as reported by the most recent 10-K filings with the SEC. The 10 top ranked companies were American Stores Company (NYSE NYSE See: New York Stock Exchange :ASC ASC Ambulatory surgery center, see there ), Cordant Technologies, Inc. (NYSE:CDD), First Security Corp. (Nasdaq:FSCO FSCO Financial Services Commission of Ontario FSCO Federation of Straight Chiropractors and Organizations FSCO Field Security Coordination Officer FSCO Fellow of the Society of Crematorium Organists ), Iomega Corporation (NYSE:IOM IOM See: Index and Option Market ), CUSA Technologies, Inc. (Nasdaq:FISV), Novell Inc. (Nasdaq:NOVL), New Skin Enterprises, Inc. (NYSE:NUS), Queststar Corporation (NYSE:STR), Zion Bankcorp. (Nasdaq:ZION), Geneva Steel Company (NYSE:GNV). United Park City Mines (NYSE:UPK) and World Wireless Communications (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WWWC) were rated 69 and 71 respectively. CyberAmerica's most recent 10-K for November 98, reported earnings of $.15/share. CyberAmerica is a real estate Vulture Fund which acquires distressed or financially handicapped properties and then further develops or markets them towards a profitable return. The company is currently developing 1079 acres of casino, commercial and residential land in Oasis, Nev., a residential development in Tucson, Ariz., a mixed use development in Ogden, Utah, several commercial developments in Salt Lake City near the Convention Center, a 140 room Hotel in Baton Rouge, La., as well as an Industrial property in Cheriton, Va. The Company recently announced its intention to expand into Internet related business. Note: Certain statements made herein that are not historical are forward-looking with 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the company's business and relevant risk factors may wish to review the Company's periodic reports filed with the Securities and Exchange Commission including, but not limited, its most recent annual Report of Form 10-KSB and Quarterly Report on Form 10-QSB. |
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