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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: ghostme who wrote (439)	10/1/1998 10:16:00 PM
From: Ken Sammut	Read Replies (1) of 1622

Below is a copy of a PM I sent to Ted and today's release by FXWA announcing the closing date. My phone conversation with Johnathan lasted about 45 minutes. Came away feeling positive. We should hear about the financing any day and he was very upbeat. He mentioned up to 10 different projects could take place in the next year with the property on the Spanish Riviera taking place within 3 months. I doubt Fred will spin off any Flexweight shares to shareholders. It would defeat the leverage he is trying to create. I can live with that as our shares would have been restricted anyway. The collateral will come from the new properties as well as the $180M in notes. He sees Fred using whatever money he can get from the notes to buy the warrants so we would have more ownership in FXWA. FXWA late today released that the closing will be on the 9th. I do not know how quickly NUOA will move. People may take a wait and see attitude. They may wait to see how many new properties FXWA actually buys. They may wait for earnings. Then again, if things look bright and people understand that everything that is reflected on FXWA's books we will reflect 49% on NUOA's books (more when we buy a higher percentage of FXWA) which could make NUOA jump up nicely.. All in all, something to be excited about. Continued patience is necessary. Ken Flexweight Corp. and NuOASIS International Inc. Set the Closing Date of Oct. 9, 1998 Under the Exchange Agreement WENDOVER, Nev.--(BUSINESS WIRE)--Oct. 1, 1998--Flexweight Corp. (OTC BB:FXWA) ("FXWA") and NuOASIS International Inc. ("International") Thursday announced that they have set a date for closing under the Exchange Agreement signed on Sept. 15, 1998 (the "Agreement"). FXWA and International have agreed to close on Oct. 9, 1998. Pursuant to the Agreement, at closing a business combination will be effected between FXWA and International's majority owned resort hotel and casino gaming properties. The closing is subject to certain opinions and certain third party consents under the Agreement. Note to Editors: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the company's business and relevant risk factors may wish to review the company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. CONTACT: Flexweight Corp., Wendover Walter Sanders, 702/664-3484 Fax: 702/664-2331 KEYWORD: NEVADA

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