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Microcap & Penny Stocks : OILEX (OLEX)

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To: Omar who wrote (2588)	1/23/1998 7:59:00 AM
From: Ditchdigger	of 4276

HOUSTON--(BUSINESS WIRE)--Oct. 2, 1997--Oilex, Inc. (OTCBB:OLEX) today announced that it has secured a $2.0 million equipment leasing facility from Tampa, Florida-based The Leasing Center, Inc. The funds from this facility will be used to lease sixteen portable oil swabbing units from Titan Energy Corp. (OTCBB:TANC). These units will be deployed in all four of Oilex' existing producing oil fields. Oilex anticipates that delivery of these units will commence within the next month and that oil production from these new units will closely follow. *** Are these sixteen units under lease and operating? TIA..DD

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