Rande, make no doubt about it, this is the most unbelievable press release of 1998:
Thursday May 21, 6:04 am Eastern Time
Company Press Release
International Casino Cruises, Inc. Announces Acquisition of Mountain Energy
HOUSTON--(BUSINESS WIRE)--May 21, 1998--International Casino Cruises, Inc.
(OTC
BB:ICVI [later BB:MTEI] - news) announced today it has acquired 100% of Mountain Energy, an oil
and gas
concern based in Houston, Texas.
The acquisition by ICCI will be paid with 50,000,000 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 with
approximately
70,000,000 shares outstanding after the acquisition. This translates to approximately
$2.85 per
share.
The paperwork will be filed immediately to change the corporate name to Mountain
Energy, Inc.
Mr. Jack Uselton has been named Chairman and Chief Executive Officer.
Learn more by contacting International Casino Cruises, Inc. at 1701 Brun Street, Suite
100,
Houston, Texas 77019.
Contact:
International Casino Cruises, Inc.
Joe Gort, 800/716-5147
George Guttman, 718/951-0260
This company had no where near $200 million in assets, and its published book value of $2.85 was a complete and utter lie.
Anyone who knows the Mountain Energy story will agree with my nomination.
The business parties involved are currently under investigation by the SEC.
To learn more link to geocities.com . |
