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Non-Tech : ADCO - AMERICAN RESOURCES & DEVELOPMENT COMPANY

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To: Joe Copia who wrote (24)10/19/1999 9:50:00 AM
From: Vision21   of 27
 
News out today! Things are looking up here...Tuesday October 19, 8:15 am Eastern Time
Company Press Release
American Resources Retains Mountain Capital Group to Implement Comprehensive Investor Relations Program
PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 19, 1999--American Resources & Development, Inc. (OTC BB:ADCO) today announced that it has retained the services of Mountain Capital Group.

Mountain Capital Group will assist in developing a strategic investor relations program that will increase ADCO's exposure to the investment community. Mountain Capital Group specializes in using a convergence of print, radio, and Internet media as well as traditional telecom to convey ADCO's message to the investment community.

Mountain Capital Group is located in Houston, Texas. Jim Harmon, Chief Executive Officer, said, ``We anticipate strong future earnings growth which makes American Resources & Development Company an exciting long term investment for its shareholders.' Mountain Capital Group is a full service Investor/Public Relations Company. The company has experienced professionals in key positions and the company has helped many clients achieve their goals.

About the Company

American Resources & Development Company is an investment holding company that specializes in select consumer products. Pacific Print Works, one of the Company's core holdings, produces leading-edge screen-printed apparel for corporate accounts, employing over 100 people at their Portland-based operation. Another key holding is Fan-Tastic, Inc., owner of Fan-A-Mania, a franchise chain of retail specialty stores selling licensed entertainment and sports apparel and collectibles.

For a copy of a Buy Recommendation on this Company, please contact: Jim Stock/Stock Enterprises - Tel(888)MICRO-CAP

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

--------------------------------------------------------------------------------
Contact:

American Resources & Development, Inc., Portland
Will Papenfuss, 503/492-1500
www.ardcoinfo.com
or
Mountain Capital Group
Jim Harmon or David Wagoner (investors)
281/855-8650 or 501/986-9404
www.mountaincapital.com
info@mountaincapital.com (email inquiries)
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