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Gold/Mining/Energy : News that catches your eye

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To: Mr Metals who wrote (26)	5/29/1998 9:57:00 AM
From: John Fairchild	Read Replies (1) of 148

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: XINEX NETWORKS INC. ASE SYMBOL: XNX MAY 29, 1998 Xinex Networks Updates Financial Position VANCOUVER, BRITISH COLUMBIA--Xinex Networks Inc. wishes to advise its shareholders that the Company is currently running very low on cash reserves and that cash on hand will be insufficient to adequately fund operations as of sometime next week. Xinex is currently in discussions with potential investors and will be pursuing such discussions throughout the weekend. While every attempt will be made to secure financing, the Company cannot assure that its discussions will be concluded successfully. -30- ----------------------------------------------------------------------------------------------------------- This NR came out just after the bell. Opened @ .22 now at .12. I feel bad about all those people that have bought recently as the stock was trading fairly strong with recovery. John

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