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San Francisco-based ACA Joe Inc. announced that...

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San Francisco-based ACA Joe Inc. announced that it has received notices of default on its bank loans totaling about $9 million and on its term notes totaling about $9.5 million, including accrued interest, but said the lenders may be willing to postpone taking action until the end of February to allow the company to arrange for investor financing. The company is continuing its investment discussions with CB Sports Inc., as well as pursuing other prospects. “We are still hopeful that an interim and long-term financing package can be arranged, which will encourage our lenders to continue to work with us,” said President Harry R. Kraatz.

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