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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.00430+79.2%Dec 17 1:29 PM EST

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To: Janice Shell who wrote (9100)8/17/1998 11:08:00 AM
From: Dixie7777  Read Replies (1) of 11684
 
HOUSTON (Aug. 17) BUSINESS WIRE -Aug. 17, 1998--Mountain Energy
announces today that all employees have been discharged as a result of
the company's inability to obtain adequate funding to continue
operations, that its current management has resigned, and that the
company's corporate documents are being delivered to the United States
Securities & Exchange Commission for safe keeping until new management
can be elected by the company's shareholders.

-0- EB/ho*

CONTACT: Mountain Energy Inc., Houston
Jack Uselton, 713/334-4111

KEYWORD: TEXAS
INDUSTRY KEYWORD: OIL/GAS ENERGY Today's News On The Net - Business
Wire's full file on the Internet

with Hyperlinks to your home page.
URL: businesswire.com

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