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Technology Stocks : Phoenix Media Group (PXMG)

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To: William Nicholson who wrote (3)	5/31/1998 1:33:00 PM
From: Fred Cooper	Read Replies (1) of 14

Another Station For Phoenix Media - PXMG Phoenix Media Group OTC BB: PXMG PRESS RELEASE - FOR IMMEDIATE RELEASE MAY 29, 1998 PHOENIX MEDIA GROUP, LTD. BIDS ON KAZZ 107.1 FM BURBANK, CALIFORNIA - Phoenix Media Group, Ltd. has tendered a formal offer to purchase all assets including the operating license of KAZZ FM 107.1 located in Deerpark, WA and serving the greater Spokane metro area. If accepted this would be the second radio station owned by Phoenix Media Group,Ltd. Terms of the offer were not disclosed pending further discussion between the parties. Phoenix Media Group, Ltd.(PXMG - OTC Bulletin Board) is an international media, advertising and consulting firm with offices in Burbank, California. FOR FURTHER INFORMATION PLEASE CALL (818) 563-3900

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