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To: Joe Copia who wrote (12388)	6/9/1999 10:53:00 AM
From: * Thumper *	Respond to of 13776

News just out on IGHS & it is HUGE/Deal with WCOM....... biz.yahoo.com Regards, T. :-)

To: Joe Copia who wrote (12388)	6/9/1999 12:33:00 PM
From: Currency	Read Replies (1) \| Respond to of 13776

PKDV - read this from April that values the stock at $12/sh PAN KAI DEVELOPMENT 'USA', INC. TRADES 4,218,750 SHARES AT $12.0 0 / share for Sky Tower Superstore Business Editors LOS ANGELES--(BUSINESS WIRE)--April 7, 1999--Pan Chiao Development Enterprises Co., Ltd. and its subsidiary, Sky Tower Superstore Co. Ltd., having evaluated the stock price of Pan Kai Development (USA), Inc. (OTCBB:PKDV), as a result of the acquisition of said Superstore, has concluded the fair value of Pan Kai Development (USA), Inc. stock is $12.00 US Dollars per share. Therefore 4,218,750 shares of Pan Kai Development (USA), Inc. stock will be traded as a tax-free exchange of stock for the Pan Chiao Development Enterprises Co., Ltd. subsidiary Sky Tower Superstore, which is valued at $50,625,000 US Dollars. All statements and comments in this news release are made pursuant to safe harbor provisions of the Securities and Exchange Commission Act of 1934. The above is subject to risks and uncertainties.