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Gold/Mining/Energy : Tropika International Limited - TPIL -- Ignore unavailable to you. Want to Upgrade?

To: T.Sung who wrote (1033)	8/23/1999 12:50:00 PM
From: kidl	Read Replies (1) \| Respond to of 1146

FOR FURTHER INFORMATION PLEASE CONTACT: Corporate Information Tropika International Limited (416) 674-1365 www.tropika.com info@tropika.com or Investor Relations The Investor Relations Group Toll Free: 800-444-9214 www.invrel.com irg@invrel.com or Shareholder Relations Ciris International (416) 368-8770 www.cirisint.com robins@cirisint.com -------------------------------------------------------------------------------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: TROPIKA INTERNATIONAL LIMITED Shares Outstanding: 68,657,406 CUSIP No. 89693520 2 CANADIAN DEALING NETWORK SYMBOL: TPIL AUGUST 23, 1999 Tropika Expands Investor Relations Effort TORONTO, ONTARIO-- Commitment to maximize shareholder value and increase profile John Ashbee, Chairman and CEO of Tropika International Limited, today announced that it has entered into an agreement with The Investor Relations Group (IRG) for investor and public relations consulting services. The agreement with IRG demonstrates Tropika's commitment to maximize shareholder value and increase the financial profile of the Company. IRG, a well-established consulting firm, will develop and implement a program designed to assist Tropika in expanding market recognition and appreciation, particularly within the US investment community. The program will be designed and co-ordinated to reinforce and build the existing marketing efforts of their online financial and entertainment services. The services to be provided by IRG will include arranging of broker and analyst meetings, attendance or representation of Tropika at Internet or investment conferences, and advice in the preparation of various corporate and investor materials. IRG will also assist Tropika in raising additional capital for the development of their Internet businesses. IRG will help increase public exposure of Tropika's recent achievements while continuing to respond to market needs and client interest in the upcoming months. Mr. Steve Hanson, President of IRG, will personally guide Tropika's efforts to communicate its ambitious growth plans, objectives, and results. Mr. Hanson stated, "Tropika is at an exciting stage of their corporate development and growth and has a great opportunity to advance its Internet businesses. We look forward to introducing Tropika to the United States investment community and are proud to add them to our existing Internet client base." Under the terms of the one-year agreement, Tropika will pay IRG a monthly consulting fee of $35,000 plus disbursements. In connection with the agreement, Tropika has agreed to grant an option to purchase 6,000,000 common shares at $0.37 per share, expiring on August 17, 2000. The option agreement is subject to the approval of shareholders and the regulatory authorities. Involved exclusively with the Internet, Tropika International Limited is a growing e-commerce company identifying, developing, and providing select online business-to-business services in the entertainment and financial industries.