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By January 1998, Brad, age 24, Founder and sole employee of Palisades Capital closes 3
transactions within 30 day period for 3 different publicly Traded companies, raising an aggregate
$58,000,000 from 5 Institutional Managers.
Brad retires from
investment Banking
at end of 1998 at
age 25.
Within one Year
Brad has closed 5
transactions by
himself for publicly
traded companies,
syndicating these
deals to over 10
Institutional
Investors contacts
and raising over
$62 million dollars.
Brad receives over
$2 million in cash
fees and re-invests
this capital to start
his internet venture.
DATE
$ CAPITAL RAISED$
TRANSACTION
Involved Investors
1) 12/17/97
1)
$3,000,000
1)
Interactive Entertainment Limited: (IELSF)
1)
2)
Credit Suisse First Boston
CastleCreek Invest.
2) 12/27/97
1)
$45,000,000
1)
HAYES MICROCOMPUTERS Nasdaq:
(HAYS)
1)
2)
3)
Elliot Associates
Angel Gordon
Stark Investments
3) 1/8/98
1)
$10,000,000
1)
1)
2)
Credit Suisse First Boston
HBK Capital
4) 3/15/98
1)
$150,000
1)
1)
Palisades Holdings
5) 12/15/98
1)
$4,300,000
1)
1)
2)
3)
4)
WestOver Investments,
JMG Capital Partners
Lionheart Global,
Palisades Holdings
QUEEN SAND RESOURCES
Nasdaq (QSRI)
NEWRIDERS, INC
Cotton Valley Resources
Amex: (KTN)
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Easyriders Reaches Settlement With Palisades Holdings
Easyriders has settled a lawsuit with Palisades Holdings in which Newriders, a subsidiary of the company, was a defendant. The litigation has been
completely settled, and mutual releases have been signed.
May 11,&nbsp1999
Agoura Hills, CA - Easyriders Inc. has settled a lawsuit with Palisades Holdings Inc. in which Newriders, a subsidiary of the company, was a
defendant, it was announced by Bob Fabregas, chief financial officer and executive vice president of the motorcycling lifestyle and restaurant
company.
The litigation has been completely settled, and mutual releases have been signed. Newriders was named as a defendant in a lawsuit brought
by Palisades Holdings Inc. in the Superior Court of California, County of Los Angeles in 1998
.
``We are very pleased to bring this matter to a close and move forward with our businesses,'' said Fabregas.
Easyriders is a publicly traded, diversified company with publishing, retail, restaurant and entertainment interests dedicated to serving the
independent, free-spirited motorcycling and related lifestyles market.
Easyriders currently publishes more than a dozen popular motorcycle, special interest and lifestyle magazines with a total worldwide
readership of more than 6 million. The company also owns, operates and franchises Easyriders retail stores throughout the United States, and
owns and operates the El Paso Bar-B-Que restaurant chain.
!
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