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Gold/Mining/Energy : PRTI
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To: Buster who wrote (183)10/9/1997 9:54:00 AM
From: Frank J. Zecha   of 424
 
Source: Phoenix Resources Technologies via BizWire [Copyright 1997 by Business Wire] / Wed,
8 Oct 1997 18:40:41 PDT

NISSWA, Minn.--(BUSINESS WIRE)--Oct. 8, 1997--Phoenix Resources Technologies Inc.
announces that it will make a distribution of restricted shares of MVP Holdings Inc., to
shareholders of record as of Oct. 1, 1997 (the Record Date) with distribution of such shares on or
about Oct. 15, 1997.

The shares will be distributed on the basis of one (1) shares of MVP Holdings for each three (3)
shares of Phoenix held by Phoenix shareholders. No fractional shares will be issued.

These shares were acquired in a sale of certain Oil and Gas Properties of Phoenix and constitute a
non-taxable distribution as a distribution of Capital to shareholders.

The company acquired these shares on March 10, 1997, which commences the holding period
under applicable SEC Rules and Regulations.

By Order of the Board of Directors.
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