Cooperative Funding Program Opens for Micro-Cap Public Companies

Las Vegas, Nevada — May 28th, 2002 — Intrepid Growth Partners LLC is now seeking a total of 50 micro-cap public companies to participate in a group private placement offering that will be sold to institutional investors. The offering is designed to raise between $2,000,000 to $6,000,000 for each of the public companies participating in the offering.

The mechanics of the deal work like this: At the time the offering is made, a 5 year $2,000,000 “Equity Note” will be placed into trust by each of the 50 companies. (An “Equity Note” is a debt instrument that can be paid off at maturity in cash or with common stock of the Company- at the stock price that exists at maturity). A total of $350M worth of Units of the trust will then be sold to the institutional investors and the money raised will be placed with a highly respected money management firm that the investors are all comfortable with. The income generated from the cash raised will be disbursed monthly for 36 months on a pro-rata basis to each of the 50 companies. If the money manager makes at least 9.5% yearly then each company will receive payments totaling at least $2,000,000 over three years. If the money manager makes as much as 28% per year then each company could receive as much as $6,000,000.

To participate in the offering each company has to contribute $10,000 of free trading stock and $40,000 of 144 stock as payment of their portion of the offering expenses. Participants are however guaranteed reimbursement if the offering is unsuccessful for any reason.

Micro-cap public companies that are interested in participating in the offering are advised to email their trading symbols to Intrepid’s President Jeffrey Weston at IMCGF@AOL.COM for consideration. Mr. Weston believes that the portfolio of 50 companies will be fully selected by the 1st of July, 2002 and the private placement offering itself will take place shortly thereafter.
 

# # #

Editors Note: Mr. Weston is available for interviews and articles relating to Mr. Weston’s previous experience with coordinating cooperative securities offerings can be found at: Penny Stock News, December 2, 1983 “New group to assist in raising capital”; Corporate Financing Week, October 24, 1983 “100 Start-up Companies for Mammoth Zero Eurobond” and Agefi- International Financing Review, December 1983 “The Zero-Coupon Technique- Las Vegas outfit provides opportunity for a Euro-gamble”.