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To: david simns who wrote (5285)7/27/1999 1:33:00 PM
From: SSP  Respond to of 150070
 
FLANDERS, N.J.--(BUSINESS WIRE)--July 27, 1999--Chester Holdings
Ltd. (Electronic Bulletin Board symbol: CHES) today announced that is
has completed the acquisition of PharmaOn-line.com from the Gladstone
Group Inc. PharmaOn-line.com has developed proprietary software, which
will be provided free of charge to independent and chain pharmacies
throughout the United States allowing them to locate, price and order
generic drugs via the Internet.
Michael O'Shea, President of Chester Holdings Ltd., stated, "I am
extremely pleased with the completion of this acquisition.
PharmaOn-line is the first of several planned acquisitions and is
particularly significant in that it will provide the Company with a
source of revenues in the near term. At present, even national chain
pharmacies often order generic drugs on a store by store bases.
PharmaOn-line will be the first to offer the advantage of multi-site
purchasing through the convenience of the Internet."
In a related transaction, the Company has signed a management
agreement with Gladstone Group, Inc. of Mt. Arlington, New Jersey,
calling for Gladstone to manage the day to day operations of
PharmaOn-line and to market the program through Gladstone's existing
pharmacy contacts throughout the United States. R&S Technologies Inc.,
a Kentucky based wholesale drug distributor, will fulfil the
PharmaOn-line.com orders.
"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 meet all of the required reporting requirements. These
risks could effect the ability of the Company to complete acquisition
and successfully reorganize and resume operations as stated in any
forward looking statements 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 information please fax requests to 1-864-962-8638 or contact
Linda Pellegrino at 1-202-433-4988.

--30--sla/ny* bh

CONTACT: Linda Pellegrino, 202/433-4988

KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: BANKING PHARMACEUTICAL 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 ***



To: david simns who wrote (5285)7/27/1999 2:14:00 PM
From: SSP  Read Replies (3) | Respond to of 150070
 
OTCBB groovers

Symbol Last Change Net Chg. % Company Name
TPADA .15500 +.07500 +93.75 TELEPAD -A-
CLSI .0380 +.0170 +80.95 CLANCY SYSTEMS INTL
SISK .0200 +.0050 +33.33 SISKON GOLD
MRTI .0330 +.0080 +32.00 METAL RECOVERY TECH
GHCI .0900 +.0200 +28.57 GLACIER HOLDINGS
DRGI .0850 +.0150 +21.43 DIVERSIFIED RES GRP
IVOC .2850 +.0450 +18.75 IVOICE.COM
ADGI .0270 +.0040 +17.39 AMER DIVERSFD GROUP
NIAR .0140 +.0020 +16.67 NORTH AM RESORTS
YESS .28000 +.04000 +16.67 YES ENTERTAINMENT
CHES .14500 +.02000 +16.00 CHESTER HLDGS
CNES .97000 +.13000 +15.48 CONECTISYS
IMTI .0400 +.0050 +14.29 IMAGYN MEDICAL TECH
GCDV 8.62500 +1.06250 +14.05 GRACE DEVELOPMENT
SYCD .49000 +.06000 +13.95 SYCONET.COM
LZMCF 1.96000 +.21000 +12.00 LASERMEDIA COMMUN
USAV .29000 +.03000 +11.54 COSTPLUSFIVE.COM
MZEI .1950 +.0200 +11.43 MEDIZONE INTL
QPRC .02500 +.00250 +11.11 QUEST PRODUCTS
HCCA .05000 +.00500 +11.11 HELTHCARE CTRS AMER
MPTV .02100 +.00200 +10.53 MPTV
APPI .0750 +.0060 +8.70 ADV PLANT PHARMACT
DACQ .01300 +.00100 +8.33 DYNAMIC AMERICAN
CHUR .01300 +.00100 +8.33 CHURCHILL TECH
EPEA .0270 +.0020 +8.00 E'PRIME AEROSPACE
MDMI .1350 +.0100 +8.00 MASSIMO DA MILANO
AVBC 1.53120 +.09370 +6.52 AQUA VIE BEVERAGE
TLTG 8.50000 +.50000 +6.25 TELTRAN INTL GROUP
DREV .05200 +.00300 +6.12 DRAGON ENVIRONMNTL
FECC 9.00000 +.50000 +5.88 FIRST ECOM COM
ABID .90000 +.05000 +5.88 SHOWSTAR ONLINE.COM
HVAR .195000 +.010000 +5.41 HAVANA REPUBLIC
HUMT 2.50000 +.12500 +5.26 HUMATECH
NBMX .30500 +.01500 +5.17 NATL BOSTON MEDICAL
AVIT 4.00000 +.18750 +4.92 AVITAR
CDNO .04300 +.00200 +4.88 CONSOL CAP N AMER
MDHM .2550 +.0100 +4.08 MEDINAH MINING
BISN .0270 +.0010 +3.85 BIOSONICS INC
CLWK 5.06250 +.18750 +3.85 CLEARWORKS.NET
GOTKQ .0310 +.0010 +3.33 GEOTEK COMMUNICAT
TCMM .96870 +.03120 +3.33 TELECOMM INDUSTRIES
LOCH .0960 +.0030 +3.23 LOCH HARRIS
USVO .960000 +.030000 +3.23 USA VIDEO
IHWY 7.56250 +.21880 +2.98 INFO HIGHWAY.COM
ARET .0410 +.0010 +2.50 AMERIRESOURCE TECH
CHML 2.81250 +.06250 +2.27 CHINAMALLUSA.COM
IDCN .05100 +.00100 +2.00 INDOCAN RESOURCES
TTRIF .06900 +.00100 +1.47 THERMO TECH TECHNOL
HRCT 1.26560 +.01560 +1.25 HARCOURT COMPANIES
PRXX .91000 +.01000 +1.11 PRAXIS PHARMA
IJNT 4.31250 +.03130 +.73 IJNT.NET
ATEL 6.00000 +.03130 +.52 AMERN TELECASTING