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Microcap & Penny Stocks : Penn Octane Corp (POCC)

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To: David L. Dennis who wrote (36)12/17/1997 10:54:00 AM
From: David L. Dennis   of 45
 
News;

Company Press Release

Penn Octane Corporation Announces Telephone Conference Call to
Discuss Earnings Report for 1st Quarter 1998

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 16, 1997--J.B. Richter, President and CEO of Penn Octane
Corporation (NASDAQ SmallCap market:POCC) and senior executive management, will facilitate a telephone conference
call on Wednesday, Dec. 17, 1997 1:15 p.m. PST to discuss the Company's earnings report for first quarter 1998, ended
Oct. 31, 1997. The present and future state of the company will also be a point of discussion.

If you would like to participate in this discussion, please dial the following telephone numbers to access the conference call.
Please state your name and company to the AT&T operator.

Domestic Caller: 800/230-1085
International Callers: 612/332-0342

Penn Octane is a leading supplier of liquefied petroleum gas (LPG) to Mexico and propylene to the petrochemical industry
in Texas. Penn Octane operates a 132-mile, six-inch pipeline from a pipeline in Kleberg County, Texas to its terminal in
Brownsville, Texas, which acts as a trans-shipment point for delivery to Mexico. In addition, the Company owns and
operates PennWilson CNG, Inc., located in Santa Fe Springs, Calif., a leader in compressed natural gas station design,
engineering, manufacturing and safety.

Contact:

Penn Octane Corporation
Jerry Richter, 650/368-1501
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