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"Stock News ALERT" UNFC expect $50 million increase in revenues in 98'.
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REMINGTON-HALL CAPITALIZES ON RESURGENT REAL ESTATE MARKET
Company expects to acquire $50 million in assets by mid-1998</B>
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DALLAS --<FONT COLOR="#0080ff" SIZE=3><B> </B><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t"> </A><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">Remington-Hall Capital Corporation</A> <B> <FONT COLOR="#0080ff" SIZE=3></B> </FONT><FONT COLOR="#000000" SIZE=3>(Nasdaq:<FONT COLOR="#0080ff" SIZE=3><B> </B><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">UNFC</A><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><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">UNFC</A><B> <FONT COLOR="#0080ff" SIZE=3></B> </FONT><FONT COLOR="#000000" SIZE=3>has seen its stock value increase by over 800%.
<A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">Remington-Hall</A> 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 <A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">Remington-Hall</A><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> <A HREF="http://quote.yahoo.com/q?s=UNFC&d=t"> </A><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">Remington-Hall Capital Corporation</A> ( formerly Universal Fuels)
<B>Symbol:</B> Nasdaq:<FONT COLOR="#0080ff" SIZE=3><B> </B><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">UNFC</A><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> <A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">www.remington-hall.com</A> <FONT COLOR="#0080ff" SIZE=3><B>
</FONT><FONT COLOR="#000000" SIZE=3>E-Mail:</B> <FONT COLOR="#0080c0" SIZE=3><B> </B><A HREF="www.remington-hall.com">[email protected]</A><FONT COLOR="#0000ff" SIZE=3>
</FONT><FONT COLOR="#000000" SIZE=3><B>Quote: </B><A HREF="http://quote.yahoo.com/q?s=UNFC&d=t">Yahoo! Remington-Hall</A><B> </B>
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