Date: Friday, 21-Nov-97 03:09:55 GMT Server: WebSite/1.1f1 (S/N Unregistered) Allow-ranges: bytes Content-type: text/html Last-modified: Thursday, 10-Jul-97 22:37:39 GMT Content-length: 2297 The Acker Letter

Broker/Analyst Report Vertex Industries, Inc.

THE ACKER LETTER

August 5, 1996
2718 East 63rd Street
Brooklyn, NY 11234-6814

Vertex Industries (NASDAQ Small-Cap 1 5/8. VETX - Investment Position II - Rec. 4/96 at 1 7/16) Up 13%. Investment Position I was sold in the first half of 1996 with half-position profits taken of 86% and 100%. Vertex posted 3rd quarter (3 months ended April 30, 1996) net income of $21,076 or $0.00 per share on revenues of $859,424 vs a loss of $127,065 or $0.03 per share on $2,729,821 in revenues vs a loss of $21,035 or $0.00 per share on $2,780,423 the prior year. Insider trading literature indicates that one of the company's directors acquired 10,000 shares on May 10, 1996 in a range of 1 7/16 - 1 1/2. Buy at current levels.

The Acker Letter concentrates on under researched and uniquely positioned companies whose prices are within the financial comfort zone of most middle income investors. The information and statistical data that appear in The Acker Letter are obtained from sources which are believed to be reliable, but their accuracy and completeness are not guaranteed. The author may have a position in and may, from time to time, purchase or sell any of the securities mentioned in the letter.

Robert Acker
Editor/Publisher

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Copyright © 1996 Vertex Industries, Inc.