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Gold/Mining/Energy : IBI CORP IBIC (CDN)

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To: bigjoe who wrote (84)	4/27/1998 3:30:00 PM
From: Doug Heuring	of 422

bigjoe, and all other ibic followers here is latest from ibic, ir dept This is to inform you that late last week I responded to a question by email stating that a "reverse split" is not out of consideration by IBI Corporation.ÿ I do apologize, as this was an error.ÿ Having spoke to CEO and Chairman Mr. Edward Lai he has con luded that a "reverse split is definitely not an option being considered by IBI Corporation.ÿ Again I do apoligize for the confusion that my earilier email may have caused.ÿ Please note that Mr. Lai is one of the largest shareholders of IBIC and does not believe this to be in the best intrest of IBI Corporation or its shareholders. -Lloyd Clarke

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