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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (10310)	6/30/1999 12:25:00 PM
From: Koda Ridge	Respond to of 108040

CHES News--Back in play with a $10 Million funding commitment. Should definitely move now. Eric (BSNS WIRE) Chester Holdings, Ltd. Enters Into Funding Agreement Chester Holdings, Ltd. Enters Into Funding Agreement Business Editors FLANDERS, N.J.--(BUSINESS WIRE)--June 30,1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it has entered into a Letter of Intent with Growth Fund International Limited whereby Growth Fund International Limited would advance up to $10,000,000 in funding to Chester for reorganization and acquisitions on certain terms which were not announced. Growth Fund International Limited, headquartered in Brisbane, Australia, is engaged in the worldwide credit enhancement and financing business and intends to provide the funding to Chester through an equity investment. While no price on the equity of the common stock has been agreed to, the final pricing would be at a premium to the market price of Chester at the time of closing. "Safe Harbor" Statement under the Private Securities Litigation Act of 1995; to the extent that this press release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to agree term and complete this funding. These risks could effect the ability of the Company to successfully reorganize and resume operations as stated in any forward looking statements made by, or on behalf of the Company. There is no assurance that the Company will be able to achieve any of its intended objectives. For more information please FAX requests to 1-864-962-8638. --30--mj/ny* bk CONTACT: Chester Holdings, Ltd., Flanders Michael F. O'Shea, President 201/433-4988 KEYWORD: NEW JERSEY INDUSTRY KEYWORD: BANKING MERGERS/ACQ 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 *