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To: Jim Bishop who wrote (846)6/16/1999 10:04:00 AM
From: CIMA  Read Replies (1) | Respond to of 150070
 
The stock traded for five minutes before the halt and was up a dime.



To: Jim Bishop who wrote (846)6/16/1999 10:05:00 AM
From: SSP  Respond to of 150070
 
Symbol Last Change Net Chg. % Tot. Vol.
DIGG .81250 +.18750 +30.00 4000
DIET .1400 +.0200 +16.67 1000
JVWB 1.12500 +.15630 +16.14 11000
LAKO .25000 +.03000 +13.64 34000
SHCC .1450 +.0150 +11.54 178300
SRAM .260000 +.020000 +8.33 600
GAAY .1450 +.0100 +7.41 89600
MMIC .1700 +.0100 +6.25 5000
CAA.SRU 1.49 +.04 +2.76 16600
CAT.CA 1.88 +.02 +1.08 3455
AAXME 0 +0
ETVL 0 +0
NACT 3.00000 +.00000
CHES .02700 +.00000 108600
LDSR .87500 +.00000 2700
MHTX .72000 +.00000 12900
CAT.IVYN .90 +.00 5500
PAEB .21000 +.00000
HMAT 3.5000 +.0000
PFOO 3.31250 +.00000 6000
VDOT .29000 +.00000 1000
CHS 0 +0
VGCP 0 +0
CDNO .14000 -.00100 -.71 56000
IATV 11 3/8 -1/8 -1.09 535400
SETO .34370 -.02630 -7.11 31800
SCKT .57000 -.05500 -8.80 5000
IBIZ 1.84370 -.18750 -9.23 113100
STRU .14500 -.02000 -12.12 1107400
MBHC .31250 -.04750 -13.19 20100



To: Jim Bishop who wrote (846)6/16/1999 10:21:00 AM
From: SSP  Read Replies (2) | Respond to of 150070
 
Magnesium Technologies Acquires Fully Financed National Distribution With Performance Guarantees
LAS VEGAS, June 15 /PRNewswire/ -- In a transaction worth an estimated 7,300,000 over the next 15 months, Magnesium Technologies, Inc. (OTC Bulletin Board: MGTK - news), today announced an agreement with Dietrick International Ltd. of Brussels to purchase Bicycle frames manufactured by Magnesium Technologies, Inc. for the exclusive distribution rights in the United States of America. Dietrick International and their associated companies have extensive experience in the financing and distribution of foreign manufactured sporting goods equipment in the United States.

The deal, brokered by Brown Financial Advisory Associates of Salt Lake City, obligates Dietrick International and/or their designated associates to purchase and distribute no less than 2,000 frames (of assorted types) per month starting 3 months after the initial shipment of existing inventory, estimated at 5200 frames.

All shipments will be against a commercial letter of credit and Dietrick International will be responsible for warehousing product in the United States. Under the agreement Marketing and Advertising will be a shared expense.

Magnesium Technologies has reserved the right to operate its own wholly owned e-commerce site for sale of its products directly to individuals worldwide. Start-up for the site is planned for mid-fall, 1999.

This agreement will allow Magnesium Technologies to concentrate on Canadian and European sales. Due to economic conditions overseas, European sales are only currently averaging 400 units per month. With the increased marketing activity overseas this arrangement will allow, the company feels that this figure can be substantially increased.

According to company spokesman William Coykendall: ''This agreement will now allow Magnesium Technologies to continue research and development of magnesium products such as golf shafts and baseball bats and begin the manufacture of the company's line of Wheelchairs.''

First introduced at the annual shareholders meeting in May, Magnesium Technologies is pleased to announce the completion of testing on the company's line of ultra lightweight wheel chairs. Besides standard and collapsible ultra light wheelchairs, several models of sports wheelchairs will now be manufactured.

On June 19 and 20 in Primm Nevada Magnesium Technologies will co-sponsor the BMX racing team 'DIRT DEVILS' competing in the Primm BMX Classic, one leg of the HUFFY ''Road to Glory'' National series. The competition will be televised at a later date.

Magnesium Technologies, Inc. trades on the OTC Bulletin Board: Symbol ''MGTK''.

For additional information pleas call:
Bill Coykendall @ (702) 499-9756 or
Investor Relations @ (702) 259-1470