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Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: LT who wrote (488)	8/20/1999 1:14:00 AM
From: LT	Read Replies (1) \| Respond to of 508

Just to be fair to both sides...... ARXA Not Responsible for Actions of Indicted Brokers GULFPORT, Miss., Aug. 19 /PRNewswire/ -- The following statement was issued today by Dennis McGrath, Vice President and Chief Financial Officer of ARXA International Energy, Inc.: ARXA International Energy, Inc., (OTC Bulletin Board: ARXA - news; ''ARXA'') was one of the companies mentioned by Reuters August 18, 1999, release concerning the indictment of four brokers for stock fraud. The present management of ARXA took control of ARXA on May 7, 1999. The present management has contacted the prior management of ARXA who are not presently employed by ARXA. The prior management of ARXA has advised that ARXA was investigated by the Securities and Exchange Commission in the summer of 1998, and that the Securities and Exchange Commission after completing its investigation cleared ARXA from any responsibility for the actions of the four alleged brokers who were recently indicted. The present management of ARXA does not know nor have they had any contact with the four brokers recently indicted by the United States Attorney. Regards LT