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Strategies & Market Trends : HOT STOCKS 100% 200% 300% profits possible short term

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To: shawn a. becker who wrote ()	4/24/1998 10:34:00 AM
From: Mackie	Read Replies (2) of 2038

NEWS IS OUT ON THE WIRES: Friday April 24, 9:57 am Eastern Time Company Press Release Viking Resources Announces Progress on Pending International Acquisition TAMPA, Fla.--(BUSINESS WIRE)--April 24, 1998--Viking Resources International Inc. (OTC BB:VIKG - news) Gerald L. Kuhr, Viking Resources' chairman stated Friday that the company is again moving forward with its pending acquisition of the international waste and recycling company. ''Issues referred to in our press release of March 31st as to unexpected requirements from our financial partner have been resolved,'' stated Kuhr. Additionally, Kuhr confirmed that Viking's financial partner in this acquisition has met the latest required payment and is back on schedule. Specifically, a payment in the amount of $20 million was made, which was in addition to the initial payment of $5 million and securing a $100 million performance bond. The remaining cash payment of $6 million is due upon the commencement of the transition period covering the changeover of ownership. Both Kuhr and Viking's President, Dan O. Erickson, are expected to attend a meeting with the seller within the next 10 business days to lay out the final details to effect an orderly transition. The company also continues in its efforts on a number of other significant projects and anticipates release of information shortly. Viking management remains committed to providing value to the company's shareholders and to staying the course for growth and long-term profitability. Viking Resources International Inc. is a holding company with a strategy of expansion through development and acquisition with its primary focus in the environmental and recycling industry in the US and internationally. Except for the historical information presented, the matters discussed in this release are forward looking statements and are subject to risks and uncertainties that could cause actual results to differ materially. Contact: Investor Relations 800/777-0264 or 800/913-9767

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