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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA ) -- Ignore unavailable to you. Want to Upgrade?

To: buckshot who wrote (2346)	6/14/1999 10:28:00 AM
From: buckshot	Read Replies (3) \| Respond to of 3596

(BSNS WIRE) Corporate Vision Inc. Forms Natural Resources Division Corporate Vision Inc. Forms Natural Resources Division Business Editors TULSA, Okla.--(BUSINESS WIRE)--June 14, 1999--Corporate Vision Inc. (OTCBB: CVIA) has formed CVI Resources, this division will participate in natural resources and energy production. The Corporate Vision Board of Directors appointed Craig Treiber President and CEO of this new division. Mr. Treiber has over 20 years experience in this field of expertise is a graduate of University of CT with honors with distinction. CVI Resources has entered into an oil and gas well project with ROCO Petroleum Inc. a 19 year old, Abilene TX. Based oil and gas production company. ROCO presently operates forty-three producing wells. ROCO founder Rod Copeland is a former Executive of Harken Energy Corporation (AMEX: HEC) and has in excess of 25 years experience in oil and gas drilling and production. The first project (The Hodges X-1) is scheduled to begin drilling in July 1999. The Hodges X-1 will be a multiple pay zone venture, which lies in the prolific Noodle Dome formation located in Southwest Jones County Texas. The proposed drill site is triangulated among currently producing wells, with potential reserves exceeding 300,000 barrels of premium Intermediate West Texas grade oil. CVI Resources has also began a gold mine tailings recovery project located in Southeast Utah. Results from tests currently underway, projected costs of production is estimated to be less than $125.00 to $150.00 per ounce of gold. Due to the size and complexity of the CVI Resources, reserves ongoing studies and calculations of the reserves are expected to continue for the following 4 to 5 weeks. Corporate Vision Inc. President CEO Keith A. Anderson issued this statement to the investors. " We at CVIA are pleased to announce the formation of this new subsidiary company of Corporate Vision. We have not deviated from our original business model of Investment Banking and as a holding company, but rather adding diversification and revenue enhancements to our high tech and Internet holdings. We feel these and other scheduled CVI Resources projects are relatively low risk and even with these market sectors being somewhat depressed,CVI Resources will be capable of positive cash flow operations from the highly discounted costs of operations in these market sectors." --30--tas/cgo* CONTACT: Corporate Vision Inc., Tulsa Raymond Hall/Keith A. Anderson, 918/748-3603 KEYWORD: OKLAHOMA INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET BANKING COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *