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Gold/Mining/Energy : NEVADA MANHATTAN MINING INC. (NVMH)

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To: Brett Grabowski who wrote ()3/11/1999 12:17:00 PM
From: STOKIT2ME   of 92
 
Nevada Manhattan Group Inc. Announces An Expected600% Increase in Quarter to Quarter Revenues

CALABASAS, Calif., March 10 /PRNewswire/ -- Nevada Manhattan Group Inc. (OTC Bulletin Board: NVMH) announced Wednesday that based on preliminary financial results, sales for the third quarter ending February 28, 1999, are expected to exceed $40 million, a 600% increase in revenues from the second quarter.

The Board is announcing a stock buy back plan to acquire $10 million worth of Nevada Manhattan Group shares in the open market effective today, March 10, 1999, and to be completed within the next 6 months.

Matters discussed in this release include forward-looking statements that involve risks and uncertainties. Actual results may be materially different. Factors that could cause actual results to differ include risk factors listed in the company's reports to the Securities and Exchange Commission, including Form 10-KSB and Form 10-QSB on file with the SEC.

For more information on Nevada Manhattan Group, contact Donna Smith at 818/591-4400; email: administration@nvmh.com.

SOURCE Nevada Manhattan Group Inc.

CO: Nevada Manhattan Group Inc.

ST: California

IN: MNG

SU: ERP

03/10/99 09:30 EST prnewswire.com
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