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Finantra Capital, Inc. Corrects Second Graph of Earlier Release.

In BW0146, (FL-FINANTRA-CAPITAL) Subsidiary Signs $20 Million Letter of Intent to Acquire Travelers Investment Corp., second graph should read xxx

The transaction, when completed, will immediately contribute approximately $12.5 million in stockholder equity to Finantra, almost doubling the company's current book value to nearly $3 per share depdending upon the structure of the securities issued pursuant to financing and will add over $.20 per share a year in earnings to the Company's common stock, based on current financial projections.

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The transaction, when completed, will immediately contribute approximately $12.5 million in stockholder equity to Finantra, more than doubling the company's current book value to nearly $3.00 per share and will add $.22 per share a year in earnings to the Company's common stock, based on current financial projections.
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Publication:Business Wire
Date:Jun 28, 1999
Words:131
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