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Microcap & Penny Stocks : OILEX (OLEX)

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To: Omar who wrote (3706)7/14/1998 3:19:00 PM
From: Marty Rubin   of 4276
 
HOUSTON, July 14 (Reuters) - Oilex Inc. said on Tuesday
that investor Saul Yarmak has accumulated over 30 percent of
Oilex's common stock.
Oilex said it believes that Yarmak's experience and cash
will allow the oil exploration company to become a profitable,
potential takeover target over the next few years.
Oilex named Yarmak as a member of its board of directors.
On the Over-the-Counter Bulletin Board, Oilex common stock
is trading at $0.25 per share, unchanged on the day.
859-1700))
REUTERS
Rtr 13:59 07-14-98

Copyright 1998, Reuters News Service

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