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To: ciVic who wrote (12643)	6/21/1999 10:16:00 AM
From: Jim B	Read Replies (2) \| Respond to of 13776

watching some of those with ya... own a bunch of AIGI at .135 and trying to figure out what the MMs are doing now... might add more here.. might take some off the table... looks like pretty good support at .15 and .16 though... hmmm wonder if news is coming soon?? you heard anything about some NYSE deal? jim

To: ciVic who wrote (12643)	6/22/1999 11:37:00 AM
From: Due Diligence	Read Replies (2) \| Respond to of 13776

(PR Wires) DJ: Action Sports International, Inc. in Negotiations To Mer DJ: Action Sports International, Inc. in Negotiations To Merge with Manhattan Financing Inc. IRVINE, Calif., June 22 /PRNewswire/ -- After nine months of negotiations, Action Sports International, Inc. (OTC Bulletin Board: ACTB) has announced they are in the final stages of a merger with Manhattan Financing Inc. Lambert Vander Tuig, president of Action Sports, comments: "In the past, Manhattan Financing has arranged for the majority of the financing needs of our factory, and we feel that this asset will become the primary vehicle used for the aggressive acquisition campaign of 1999." Action Sports International, Inc. is a multi-dimensional company that manufactures, distributes and licenses Generation X and Y products. They currently own the trademarks and licenses to Stinger Wakeboards(TM), Mutiny Freeboards(TM) and Edge Snowboards(TM). Except for historical matters contained herein, the matters discussed in this news release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Action Sports International's future business and prospects and could cause actual results to differ materially from these forward looking-statements. /CONTACT: Action Sports International, Inc., 949-789-7525/ 11:18 EDT * end of story *