FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 1, 1997--Olympus Ventures
Inc. of Fort Lauderdale (OTC-BB:OVIS - news) is happy to announce a merger
agreement with Rocky Mountain Crystal Water of Denver. The merger gives
Rocky Mountain International LTD (OVIS/RMCW) the ability to move from
the OTC-BB to AMEX.
OVIS issued 6,684,750 restricted shares of Rule 144 Legend common stock
to RMCW shareholders, and will issue up to 2,500,000 restricted shares of
Rule 144 Legend common stock to be exchanged in lieu of Five Million
Dollars ($5,000,000). The 3,071,081 pre merger shares of Olympus Ventures
stock making up the balance of the 9,755,831 outstanding shares. Full
disclosure of the merger and a copy of the contract will be filed within the
required reporting period.
The RMIL asset base is in excess of Twenty Million Dollars ($21,010,431)
with the addition of the Five Million Dollars ($5,000,000). Roland Breton,
president of Olympus Ventures Inc. stated: ''With Rocky Mountain Crystal
Water's existing business and future contracts this merger will be an
exciting and profitable experience for all of us. Olympus Mills USA Inc. a
wholly owned subsidiary of RMIL will now have the financial backing to
continue its planned growth in the physical fitness market.''
RMCW is a manufacturer of pure spring and premium artesian bottled
drinking water and is merging with Olympus Ventures Inc. who is currently
engaged in the garment industry. RMIL is focusing its direction on
manufacturing, distribution and retailing bottled water and physical
fitness products, which the company believes is one of the fastest growing
areas in the commercial marketplace.
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