The following is the official, un-edited by Canada Stockwatch New Release for Westrend Natural Gas, Inc.
WESTREND NATURAL GAS, INC. 9311 San Pedro, Suite 1130 San Antonio, Texas 78216 ("Westrend") 1-210-308-7360
For Investor Relations Contact: Roger Fullerton Symbol: WRN.V 612-929-7243 U.S. Pink Sheets: WTNG/F
April 29, 1998
PRESS RELEASE
The management of Westrend is pleased to announce that Taylor Rig LLC ("Taylor Rig"), a subsidiary of Westrend, has sold two new service rigs to an Indonesian company. This purchaser has indicated that it expects to order an additional six rigs. The purchase is subject to the purchaser converting its letter of credit to cash to cover the purchase price.
In order to keep our shareholders informed of Taylor Rigs monthly progress, management will be releasing Taylor Rigs total sales after the end of each month. For the month of April, 1998, Taylor Rig has delivered and booked approximately $3,000,000 CDN. In addition, Taylor Rig has sold, to be completed and booked in future months, an additional $1,500,000, consisting of one carrier and the two rigs to the Indonesian purchaser.
On behalf of the Board of WESTREND NATURAL GAS, INC.
Per:
"Mark Roberts"
President and Director
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS OF THIS PRESS RELEASE. |