************NEWS RELEASE************** and hyperlink......
biz.yahoo.com
Friday November 7 10:08 AM EST
Company Press Release
Rocky Mountain International Ltd. Announces its Response to a Press
Release Issued Nov. 4, 1997 by Demsey Mork
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997--Rocky Mountain International Ltd. (formerly Olympus
Ventures Inc.) (OTCBB:RMIL - news) announced Friday that it is responding to the press release issued Nov. 4, 1997 by
Demsey Mork.
In the press release Demsey Mork claims that he filed a lawsuit against the company and others in the Federal District Court in
California. According to Rocky Mountain International Ltd., this is the fourth lawsuit that has been filed by Demsey Mork
and/or his affiliated company, Magellan Litigation Services, against Rocky Mountain International Ltd. and/or its predecessor
from Olympus Ventures Inc. Rocky Mountain said it believes that the charges are unfounded and are a continued attempt by
Mork to manipulate Rocky Mountain International Ltd.'s stock price to cover his short position -- all to the detriment of
Rocky Mountain International Ltd.'s shareholders.
Gary Morgan, CEO of Rocky Mountain International Ltd. stated: ''By continuing to defame the company both by outright
distortion and the filing of meritless litigation. Mork is threatening the very existence of the company. Certain of these many
distortion require immediate correction:
1. Rocky Mountain International Ltd. never issued a press release
that it had acquired Palco, only that a letter of intent to
acquire had been signed. As of this date, negotiations are
ongoing.
2. Mork's statements concerning the merger of Rocky Mountain
Crystal Waters (RMCW) and Olympus (OVIS) are also distortive.
Our public filings state that the combined asset value of the
two companies, including the value of investments, and an
expected $5 million financing commitment from a third party,
would create a company with $21 million in assets.
3. Neither Gary Morgan nor Roland Breton, president of the company,
have ever owned more than approximately 300,000 shares of the
company. Mork's statement is a falsehood.
4. Mork's statement that pursuant to Exchange Action Section
15-c-2-11, the SEC will stop company trading on Friday is also
untrue. We have confirmed with the SEC that, in accordance with
its standard and scrupulously honored policy of confidentiality,
of which we are sure Mork is aware, it has not advised anyone
of its position or of any steps it may take with respect to Rocky
Mountain, Mork, Magellan or anyone else. Perhaps the best
evidence that Mork's statement is untrue is that the Exchange Act
Section in question is entitled 'Initiation or Resumption of
Quotation Without Specified Information' and relates to regulation
of broker dealers, not issuers, and has nothing to do with the
SEC 'shutting down' a company.
''Demsey Mork is on record as having a sizable short position in Rocky Mountain stock. How can he therefore claim to
represent the interests of our legitimate investors? Mork has employed this tactic before and Rocky Mountain is yet another
victim of his continued pattern. We have advised the SEC of at least four other companies with respect to which we believe
Mork has engaged in similar conduct: Development Bancorp Ltd., Fremont Corp., Sunbase Asia Inc. and BioCorral. Each of
these companies has had their stock drop from the $7 range in the $2 range in one year's time. We are fully cooperating with
the Commission in with respect to Mork and other matters concerning the company.''
The company said it believes that it will prove in court that Mork knowingly has defrauded, made false accusations and
manipulated the stock of Rocky Mountain International Ltd. for his own self gain, and at the expense of the 300 hundred
shareholders of Rocky Mountain International Ltd.
RMIL is a manufacturer of pure spring and premium artesian bottled drinking water and garment manufacturing. 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.
NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an ''at'' symbol between ovisusa and
aol.com. This symbol may not appear properly in some systems.
Contact:
Rocky Mountain International Ltd.
Roland Breton, 954/565-9292
E-Mail: ovisusa@aol.com |
