Holiday RV Superstores Announces Financial Consulting and Investment
26 April 2000
Recreation USA, Holiday RV Superstores, Announces Financial Consulting and Investment Banking Agreement
ORLANDO, Fla.--April 26, 2000--Holiday RV Superstores, Inc., (DBA Recreation USA), (NASDAQ: RVEE) announced its retention of Schneider Securities, Inc., a Denver, Colorado-based registered broker-dealer, to advise RVEE with regard to stockholder relations and public relations matters, and to assist the Company in its evaluation of financial matters and other financial arrangements involving the Company. As part of the arrangement, Schneider Securities will oversee the preparation and dissemination of a corporate profile report on RVEE.According to Michael S. Riley, Chairman of the Board of Directors, "We are very pleased to have Schneider Securities provide us with its services. We believe that Schneider will help us communicate more effectively with the market place and will provide us with strategic financial guidance." In exchange for the services provided by Schneider Securities, the Company agreed to pay a fee of $80,000 spread over two years and to issue to Schneider a warrant to purchase up to 350,000 of the Company's common stock at exercise prices ranging from $5 to $10 per share.
Schneider Securities, founded in 1985, is a full service brokerage firm offering a wide array of investment-related products and services. It has over 25 offices across the United States with approximately 160 brokers.
This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com.