ARCTIC GROUP AGP-ASE Message Board

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Gold/Mining/Energy : ARCTIC GROUP AGP-ASE

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To: hugh thorne who wrote (68)	3/15/1999 5:42:00 PM
From: Jim Bishop	Read Replies (1) of 101

FOR IMMEDIATE RELEASE FRIDAY, MARCH 12, 1999 March 12, 1999 - Winnipeg, Manitoba - The Arctic Group Inc. announced that the share purchase of Saxony Ice Co. Inc., Springdale Ice Company Inc. and Diamond Ice Cube Company Inc. ("Saxony"), will not proceed. For further information, call The Arctic Group Inc. TOLL FREE at 1-888-573-9237 or visit The Arctic Group's Web Site at - arcticgroup.com. (Signed) On behalf of the Management and the Board of Directors of The Arctic Group Inc., Robert Nagy, Chairman & CEO. The Alberta Stock exchange has not reviewed and does not approve or disapprove of the accuracy of this release.

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