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Gold/Mining/Energy : ARCTIC GROUP AGP-ASE
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To: Jim Bishop who wrote (72)4/5/1999 10:09:00 AM
From: Jim Bishop  Read Replies (1) of 101
 
Monday April 5, 8:00 am Eastern Time

Company Press Release

The Arctic Group Signs Deal With Ontario-Based
Crystal Ice Company

WINNIPEG, MANITOBA--The Arctic Group Inc. announced it has signed a letter of intent to acquire Crystal Ice Company
of Waterloo, Ontario. Crystal Ice services the Greater Kitchener Waterloo Region of Ontario.

''This acquisition will broaden our distribution network in Southern Ontario. The purchase of Crystal is an excellent fit with
Arctic's strategy of doing accretive acquisitions in markets contiguous to those in which the Company already has a presence,''
said Robert Nagy, Arctic Group Chairman and CEO. ''The addition of the Crystal customer base will enable Arctic to further
lever its investment in its new Mississauga production facility due to open later this spring.''

The Arctic Group is Canada's largest ice company and is committed to building an internationally recognized company by
focusing on an aggressive strategy of growth through acquisition and consolidation of the ice industry in North America.

(Signed) On behalf of the Management and the Board of Directors of The Arctic Group Inc., Robert Nagy, Chairman and
CEO.

Contact:

The Arctic Group Inc.
TOLL FREE at 1 (888) 573-9237
Web Site: arcticgroup.com.
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