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Microcap & Penny Stocks : LFEI - A trading shell!

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To: Don Downing who wrote ()9/22/1997 4:50:00 PM
From: son kien do   of 68
 
Monday September 22 3:18 PM EDT

Company Press Release

Life Industries Inc. Announces the Completion of Reorganization Plan

FORT MYERS, Fla.--(BUSINESS WIRE)--Sept. 22, 1997--Life Industries Inc. (OTC BB:LFEI - news) announced Monday that it has
completed the acquisition of Quill Industries Inc., a Texas corporation.

In addition, the company implemented a reorganization plan that changes the name of the company to Quill Industries Inc. and
recapitalizes the company's common stock with a 100-for-1 reverse split as of the record date of Sept. 22, 1997. The company's new
trading symbol is ``QUIL'' on the OTC Bulletin Board. The reorganization plan was approved by shareholders in a Special Meeting held
Aug. 26, 1997.

Quill Industries Inc. is engaged in the business of producing and marketing ostrich products including top quality leather goods both
domestically and internationally. The company has 40 Ranching Associates in five states that oversee the company's live ostrich herd.

Contact:

Life Industries Inc., Fort Myers
Lee Matzig, President
941/768-3555
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