), IEL's inflight gaming system, is currently in operation on one Singapore Airlines Boeing 747-400with additional installations expected to begin in September. IEL and Singapore Airlines plan to have SkyGames operational on a total of nine aircraft by the end of the year.
Credit SuisseFirst Boston2)
2) 12/27/97 $45,000,000
Hayes Corporation (Nasdaq: HAYZ) announced that effective today it would begin trading on Nasdaq under its new symbol"HAYZ". Hayes Corporation is the result of the merger between Hayes Microcomputer Products, Inc., the company thatinvented personal computer communications via the modem, and Access Beyond (formerly Nasdaq: ACCB), a maker of remote access products. The enlarged new company will enable the virtual workplace by carrying the strong Hayes brandinto high tech-growth markets such as lower-cost remote access communications servers, cable modems and ADSL. Basedon Access Beyond's closing price yesterday, the combined company's market capitalization is approximately $250 million.
Stark Investments3) 1/8/98 $10,000,000
QUEEN SAND RESOURCES Nasdaq (QSRI)
In December, 1997 Queen Sand Resources completed a private placement of $10,000,000 of convertible preferred shares with five institutional investors led by an affiliate of Credit Suisse First Boston. These funds will be used with the company's existing credit lines to finance its ongoing strategy of acquiring new producing and developmentoil and gas properties.Queen Sand Resources is an independent domestic oil and gas company established in 1994 to acquire,develop, operate and enhance oil and gas properties using conventional recovery programs.During the past year, Queen SandResources has entered into two important financial relationships which enhance the company's capabilities, credibility andreputation as it continues to implement its acquisition and development strategy. An affiliate of Enron Corp., an industryleader with assets of approximately $23 billion, acquired a 33% equity interest in the company. Also, the Bank of Montrealin Houston recently provided the company with a $75 million loan facility.
Credit SuisseFirst Boston2)
HBK Capital4) 3/15/98 $150,000
EASYRIDERS, INC: (AMEX:EZR)
is a 27-year old communications, retailing and restaurant company which provides products and services to promote the freedom, fun and excitement of cruiser motorcycling. Through its publications, company-owned and franchisedmotorcycle shops and restaurants, and special events, Easyriders provides information, apparel and entertainment designed toenhance the overall motorcycling experience for those who participate actively, passively, or vicariously, in the sport.
PalisadesHoldings5) 12/15/98 $4,300,000
Cotton Valley ResourcesAmex: (KTN):
Cotton Valley Resources Corporation (referred to herein as either "Cotton Valley" or the "Company") isan independent energy company engaged in the exploration and development, acquisition and operation of oil and gas properties with a geographic focus in major oil and gas producing regions in the United States. The Company wasincorporated in the Province of Ontario, Canada, originally as Cotton Valley Energy Limited, on February 15, 1995. From itsinception through June 30, 1997, the Company was engaged principally in organization and capitalization activities