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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: Jonas Grumby who wrote (3)3/10/1998 6:01:00 PM
From: Riley G  Read Replies (4) of 6528
 
Not good, and I think I know the nays to blame for it. The are from the RMIL
thread.

Riley G
---------------------------------------

Tuesday March 10, 5:23 pm Eastern Time
Company Press Release

Travis Industries Inc. makes announcement

GOLDEN, Colo.--March 10, 1998--Travis Industries Inc.
(OTC:TVSI - news) announced today that it has received a communique from
Next Level Sports Systems Inc. (Next Level), in which Next Level has
terminated ''all further discussions and/or relationships with Planet
Sports and Travis Industries, Inc. effective March 9, 1998.''

Next Level declined to state a specific reason for its action. Travis'
management will not speculate on Next Level's reasons for withdrawing from
negotiations.

Travis' management stated that the company remains committed to its plan of
acquiring companies in the outdoor sports industry through its previously
announced relationship with Planet Sports Inc., by moving on to the next
project.

Any further information will be provided by public announcement as and when
deemed appropriate by management.
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