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Gold/Mining/Energy : Amalgamated Exploration Inc (AXPL)

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To: Gary Gwynn who wrote (101)3/20/1997 5:58:00 PM
From: Gary Gwynn   of 117
 
rcvd from axpl ir today:
*********************************************************************
>From Amalgamated Explorations, shareholder relations department.

The company would like to apologize for problems with "update me
regularly". Our incredible response to our web page has backed us up. We
have not been able to establish connection with a stable email list server
company. Things change so quickly in technology, so please be patient.

Currently, the quickest way to view a press release is through a news
service or stock quote service. Look for "company news".

If you have been following our stock price, we believe you will see the
effects of "short selling". PLEASE ASK YOUR BROKER TO SEND YOU YOUR STOCK
CERTIFICATES! We have had NO negative press releases.

Our "electrotelluric technology" continues with its accuracy. The industry
is just learning of the truth of the accuracy. When claiming to detect
oil/gas in the ground in minutes, without drilling, it sounds "too good to
be true". There is a natural reluctance in believing our claims. (See press
release below.)

The company is not waiting for accuracy or technology acceptance from the
industry. This will take time. Our current plan is to continue to develop
current and future lease holdings, utilizing the electrotelluric survey. We
are looking for drilling funds and industry partners who wish to utilize
our technology and offer Amalgamated participation or a working interest
option in the well. Amalgamated had done all research on the technology
before purchasing the rights to MSP and the electrotelluric technology. We
know it works, this is why we purchased the company. It is "truly amazing"
to witness. We are going to improve the technology with time.
Amalgamated/MSP gets better at reading this very sensitive receiver each
time it is used.

We are in the acquisition stage headed for drilling stage and then comes
the real rewards with the production stage. We hope you as shareholder will
still be with us through all three stages. This will take time, but nothing
grows without time.

Thank You,
Jon Vaux
Shareholder relations
Amalgamated Explorations
1-888-999-8787
Amalgamated Announces Survey Results and Commencement of Drilling
Monday, March 17, 1997 6:33 AM
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