S.A. Advisory E-Mail Update

July 3, 1997

Dale Systems(DALE). This is the cheapest of the cheap!!! The company has 235000 shares outstanding with options at .625 to purchase an additional 200000. The company has 450 employees. The company rents out security guards.. Revenues for fiscal 1997 equalled around $7 million with a small loss.. Fiscal 1998 estimates for rev anticipated at $7.7 million - profitability is not estimated at this time... Book value is around $1.dollar.. Company has been around since the 1930's.. A small position in the opportunity over the long-term could be HUGE.. Broker

Contact: Mike Chesler 18003311355

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