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TSBB ... NEWS just OUT! DarDaDog did you see THIS ?
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[QUOTE]Originally posted by glassman: [QB] this looks good..... (QUOTE) 2004-05-12 09:15:29 TS&B Holdings Inc. CEO Announces Corporate News Bulletin *** > ORLANDO, Fla., May 12, 2004 (PRIMEZONE) -- TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB), CEO James Jenkins has provided the following open letter to all shareholders and the investment community. I wish to thank all our shareholders and investors who have stuck with TS&B through this turbulent time, both in the U.S., and all over the world, that are and have supported our efforts. I feel it is essential that the current shareholders and prospective investors are aware that TS&B is executing its strategic business plan to improve shareholder value. TS&B is not just "another" OTCBB company. The stock market has not been responsive to TSBB. It is the Company's position that due to the trading volume that TSBB has experienced over the past few months the Company has been targeted by "SHORTERS", and that our stock is severely undervalued at current levels. The Company and the management are not selling stock. 1E shares are one method BDCs use to raise investment cash. The Company cannot stop investors of 1E stock from selling when they choose. The Company believes the per-share price should be in the $.03 to $.05 range, the share price was recently at $.05. The Company knows the only way to rid TSBB of the "SHORTERS" is to acquire assets, revenue and show earnings. The Company is taking the steps necessary to fulfill those requirements. The Company also needs to have sustained retail buying. It is our sincere hope that our current shareholders as well as potential investors will see the intrinsic value of TSBB and "BUY" at the current levels, which are severely depressed. Management forecasts that quarterly operating results will increase significantly due to many factors, including the generation of revenue from the Company's recent acquisitions, investments and consulting fees. The Company has also added significant assets to the Company's balance sheet. The Company has hired an independent appraisal firm, Valuation Strategies, Inc., to value the Company's most recent acquisitions and those appraisals will be incorporated into the third quarter financial statements. Company Election to a Business Development Company (BDC) The Company elected to become a Business Development Company under the 1940 Act in January 2004. BDCs were created to provide investment capital for undercapitalized developing companies. The Company's election as a BDC allows it to raise money in the public sector and reinvest it in the private sector. By investing in a BDC shareholders enjoy diversity of markets and the liquidity of a publicly traded stock while participating in the private equity industry. TS&B has targeted the following growing markets; Manufacturing and Distribution; Product Marketing and Sales; Financial Services; Sports & Entertainment and Gaming; and Construction and Management Services. The business model for TS&B as an investment company (BDC) requires TS&B to lend its management expertise to the existing management of companies acquired or invested in by TSBB to further develop and expand their businesses. The Company makes investments through cash, debt, equity, warrants and hybrid instruments. The Company can raise up to $5M annually through the 1E registrations. Recently the company raised $850K. TS&B's management has substantial experience in all aspects of investment and business including commercial real estate, finance, sales & marketing, construction, golf course development, gaming and hospitality. TS&B has conducted substantial research and due diligence on a variety of investment opportunities and TS&B believes this initial range of products and investments benefit TS&B shareholders. In addition, there is an opportunity to cross-sell between TS&B portfolio companies and subsidiaries. The following is a list of our recent accomplishments . . . In February, the Company closed on the investment in Gulf Coast Records. The business plan has been executed and is moving along extremely well. The recording of the first album started on April 26th and is anticipated to be released in June 2004. We are extremely happy with the success we are having with the team that has been assembled to promote Glenn Cummings in Nashville. In March, the Company closed on Buehler Earth and Waterworks LLC (BEW). The Company owns a 51% equity interest in the business and will provide management services. BEW is in the site preparation, underground utility and land clearing business in Florida. Mr. Buehler has extensive experience in site preparation, underground utility and land clearing. There is a large market both here in Florida and around the country for this business. Revenues for this year are projected to be approximately $2 million dollars with net income projected to be approximately $400,000. BEW currently has signed contracts of $75,000 and over $1,400,000 pending bids to date. BEW's operation will grow internally as well as externally. BEW recently completed a project at Camellia Point in East Orlando and started the Orlando Flight Training Facility in Kissimmee. In March, the Company announced the formation of TS&B Gaming & Entertainment Corp., a wholly owned subsidiary created solely for the purpose of positioning the Company in the $600 billion dollar Gaming Industry. In the year 2000, 35.1 Million people played online games. That number is expected to rise to 104.9 million by the year 2005. Online games are growing at a rate of 25% annually. To date the Company has signed a Letter of Intent with a Florida Corporation to jointly develop a world class thoroughbred race track and para-mutual gaming facility in Central Florida. (QUOTE) [/QB][/QUOTE]
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