ORXX - CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 26, 1999--Orex Gold
Mines Corp. (OTC BB:ORXX), in the business of mining, announced they
have retained the accounting services of Goldstein, Schechter, Price,
Lucas, Horwitz & Co., P.A., associated with Jeffreys Henry
International.
Effective immediately, Goldstein, Schechter, Price, Lucas,
Horwitz & Co., P.A. has initiated the auditing process of Orex and
recently acquired acquisition (s) to meet reporting requirements.
Also, the firm will be responsible for the compilation of the final
audited reports and assist Orex in ongoing compliance measures.
Additionally, Orex has retained the services of McDermott, Will &
Emery, Attorneys at Law, specializing in corporate and securities law,
will be preparing all of the necessary legal information in the Form
10 and act as securities counsel for the company.
Presently, there are 23,342,500 shares issued and outstanding of
which 4,983,000 are restricted. As of this press release, this is the
entire stock structure with no warrants, options, convertible
debentures or preferred stock.
"We are very pleased to be associated with these professional &
efficient companies to assist us in completing all the necessary
audits and filings to be fully reporting," stated Warren Hemedinger,
President of Orex Gold Mines Corporation.
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance and
underlying assumptions, and all statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks defined in this document. These cautionary
statements expressly qualify all such forward-looking statements made
by or on behalf of Orex. In addition, Orex disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
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CONTACT: Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 888/749-OREX
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