MIDL .... A Real Sleeper Message Board

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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Ga Bard who wrote (633)	12/19/1997 11:53:00 AM
From: campe	Read Replies (1) of 7039

MIDL News - Clarification... SEC Releases Names Business Wire - December 19, 1997 11:40 %MIDLAND MIDL %TEXAS %ENTERTAINMENT %RESTAURANTS %FOODS %BEVERAGES %COMPUTERS %ELECTRONICS %COMED V%BW P%BW DALLAS--(BUSINESS WIRE)--Dec. 19, 1997--On Thursday Dec. 18, 1997, the SEC released the names of certain individuals who were being sued in a civil action in Federal in New York. Two of those individuals were Directors or former Directors of Midland (Nasdaq/BB:MIDL). The Company was not named as a defendant in the suit and was not alleged to have committed any breach of the Rules and Regulations of the SEC. The suit involves alleged actions by Mr. Pierce and Mr. Marsik during the 1995 to mid 1996 time frame and does not allege any ongoing illegal activities by the Company or any of its current officers or directors. Mr. Pierce and Mr. Marsik have both resigned as officers and directors of the Company and will vigorously defend the pending civil action. Midland is a fully reporting company trading on the OTC market. All reports for Midland have been filed in a timely manner and the company intends to remain current on its filings. CONTACT: Midland, Inc., Dallas Investor Relations, 800/754-4519

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