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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (182)	7/30/1999 9:19:00 AM
From: WhipsawMcGraw	Respond to of 2942

Company Press Release Deerbrook Publishing Foresee Next Year Revenues Exceeding 15 Million and .30 Per Share Deerbrook plans to apply to NASDAQ once acquisitions close Phoenix, Ariz.- Company executives at Deerbrook Publishing Group, (OTC BB: DBPG) foresee Deerbrook Publishing Group revenues exceeding 15 million next year. The company also anticipates earnings of .30 cents per share fully diluted. The company plans to apply for a NASDAQ Small Cap Listing this year. Deerbrook Publishing Group is in the final stages of three acquisitions that the company foresees closing in the next 30 days, two months early. Once the acquisitions close, Deerbrook Publishing Group anticipates meeting all requirements for a NASDAQ Small Cap listing. The forward-looking projections do not include a possible capitalization increase by spinning off artup.com, the Internet division of Deerbrook Publishing Group. Artup.com is expected to launch August 24, 1999 and could create additional revenue and distribution channels for Deerbrook Publishing Group products. Deerbrook Publishing Group is a highly regarded publisher of quality limited edition prints. The company will now have a further distribution channel with the artup.com network that would act as a reseller for company's products. Deerbrook Publishing Group plans to spin-off artup.com to raise 40 Million in an IPO. Deerbrook Publishing, Inc. was incorporated in Colorado in March of 1997. The company's three subsidiaries are Signature Edition, Inc. an art publishing division, Cimarron Studio, Inc. a printing division and Artup.com, which is the Internet and retail division of Deerbrook Publishing Group. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company. Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities. The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions. For further information, contact Investor Relations, 602-437-8888, Fax 602-437-2845 or email ir@artup.com Deerbrook Publishing and artup.com are trademarks of Deerbrook Publishing, Inc. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies. SOURCE Deerbrook Publishing Group