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Red Bell's objective was to operate and continue to open in the future high profile, strategically located brew pub locations featuring its own beer as well as to increase awareness for case and keg beer sales to wholesale distributors. For the nine months ended 9/30/01, revenues fell 40% to $226 thousand. Net loss applicable to Common totaled $3.6 million, up from $1.3 million. Results reflect the decreased sales, and a $2 million impairment loss. Effective January 1, 2002, the company's brewery license was not renewed because they did not obtain the required tax clearance certificates from the Commonwealth of Pennsylvania taxing authorities because they owe taxes to the Commonwealth in the approximate amount of $80,000. As a result, they have not brewed beer at their main brewery or sold beer since that date. Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file". Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company. These certificates are normally stamped "Specimen". Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that grown in popularity and realized nice appreciation in value over the past several years.
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