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Microcap & Penny Stocks : Java Group-JVGI

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To: r laird who wrote (502)	2/8/1999 1:30:00 PM
From: SCRIBEALIVE	of 509

VANCOUVER, Feb. 8 /CNW-PRN/ - Java Group, Inc. has recognized a significant opportunity in developing low risk natural gas projects which are substantially proven. There continues to be a strong demand for natural gas in North America which provides a strong, economic base for locating suitable natural gas deposits. The first natural gas prospect that the company wants to develop is located in the Sabine Parish in Louisiana which is located approximately 60 miles south of Shreveport, Louisiana. This prospect was previously drilled and operated for a short period of time before it blew out. The well was previously operating at a rate of 1 million cubic feet per day. Java Group, Inc. has obtained a 75% net revenue interest in this prospect. The management of the company has identified other low risk natural gas prospects which they intend to develop this year. The company previously announced a letter of intent with Metro Financial Corp. This letter of intent has been withdrawn by mutual consent. Java Group, Inc. is quoted on the US Bulletin Board under the trading symbol JVGI. Rob Gillingham, B.Sc., CA President, Java Group, Inc.

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