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Microcap & Penny Stocks : PNWC - Pacific Norwest Capital

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To: yorktown48 who wrote (275)4/4/2000 7:00:00 PM
From: BlueCheap  Read Replies (1) of 295
 
NEWS RELEASE! Winchester Mining Corporation announces
completion of the first of a three stage financing

VANCOUVER, Apr 4, 2000 /CNW-PRN via COMTEX/ -- WINCHESTER MINING CORPORATION (WNCR-OTC-BB) is pleased to announce management has completed the first of a three stage financing. The Company has received $ 288,190.00.

The funds will be used to expedite the launch of the
www.pacificnorthwestmall.com and www.hollywoodmall.net, for inventory and general working capital.

Management is confident the www.pacificnorthwestmall.com will be on schedule for the end of May 2000, with available products from Disney, Warner Bros., MLB,
NFL, NHL, and selected storefronts for the consumer with specialty items not offered on other mall sites.

Bullseye Communications is developing a retail solicitation package for presentation to all prospective retail merchants to be completed by the end of April 2000.

The Company is anticipating a draft audit by April 10th, 2000 for the periods of 1998 to the year-end of 1999. This is necessary for obtaining fully reporting status with the regulatory bodies.

The Company has been informed by Global Interactive the Hollywoodgoldcasino domain name has been disputed and awarded to Hollywood Casino Corporation,
www.hollywoodgoldcasino.net will be cancelled forthwith. Winchester Management win re-evaluate the license agreement with Global Interactive.

The Company anticipates the second stage financing will be completed shortly allowing the Company to further strengthen its asset base with new acquisitions.

CERTAIN INFORMATION AND STATEMENTS INCLUDED IN THIS RELEASE CONSTITUTE``FORWARD-LOOKING STATEMENTS' WITHIN THE MEANING OF THE FEDERAL PRIVATE SECURITIES LITIGATION ACT OF 1995

SOURCE Winchester Mining Corp.
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