Field Work To Resume At Fenway Project At Negros Oriental
For Immediate Release:
NEWPORT BEACH, CA. June 9, 1999 - FENWAY INTERNATIONAL INC. (FWIN-OTC BB)
Fenway International Inc . has signed a contract with Roctest Machinery and Drilling Corporation to core drill 2,000 meters for test sampling the limestone deposit at the Company's Guihulngan cement project on the Island of Negros Oriental, Philippines. Work will commence as soon as the necessary regional work licenses and permits are obtained.
This drilling program is part of an engineering study necessary to upgrade the Project to the accepted standards for bank financing. The Company has offers for project financing provided suitable engineering studies are completed. Studies have already been completed to banking specifications at the Company's other Philippine cement project at Palawan.
Previously, Fenway has shown possible reserves of 390 million tons of limestone suitable for producing heavy construction quality Type I Portland cement at Negros Oriental and 460 million tons at Palawan which also has potential for an additional 3.2 billion tons. The Palawan and Negros Oriental plants are programmed for production in 2002 and 2003 respectively to meet the expected short supply of high quality type I Portland cement for the heavy construction and infrastructure industries of Asia.
For information contact: The Hawke Group, Inc. at (954) 564-7114; Fax: (954) 564-9848;
E-mail: info@hawkenews.com or visit our website at www.hawkegroup.com.
If you would like to contact the company directly, please call Fenway International at (888) 441-1132 or fax (604) 844-2267 or visit their website at www.fenwayintl.com. The Hawke Group, Inc. A Financial Public Relations Company
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This material was prepared by the Company and disseminated by The Hawke Group, Inc. ("Hawke") for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by Hawke for accuracy or to be all inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. Hawke, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. The HawkeGroup has been compensated. |
