Announcement on YAHOO...
Thursday April 23, 12:14 pm Eastern Time
Company Press Release
International Casino Cruises Inc. Announces Letter of Intent to Acquire Mountain Energy
HOUSTON--(BUSINESS WIRE)--April 23, 1998--International Casino Cruises Inc. (OTCBB:ICVI - news) announced today a Letter of Intent has been signed to acquire 100 percent of the assets of Mountain Energy, an oil and gas concern based in Houston, Texas. The acquisition by International Casino Cruises Inc. (ICCI) will be paid with restricted common shares only.
Mountain Energy owns and controls the mineral rights in West Virginia that contain approximately 1.98 billion cubic feet of gas and 10,000,000 tons of coal, as well as other properties that all combined, have an estimated fair market value in excess of $200,000,000.
After the acquisition, Mountain Energy will become the controlling shareholder in ICCI. The existing officers and directors of ICCI will resign and be replaced the current officers and directors of Mountain Energy.
Learn more by contacting International Casino Cruises Inc. at 1701 Brun Street, Suite 100, Houston, Texas 77019. Telephone -- 713/520-6416 Fax -- 713/520-6512.
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Contact:
International Casino Cruises Inc., Houston
Joe Gort, 800/716-5147
or
George Guttman, 718/951-0260 |
