To: Milk who wrote (5429 ) 10/21/1999 11:33:00 AM From: Chris K. Read Replies (2) | Respond to of 6528
(PR NEWSWIRE) Arete Industries, Inc. Retains Capital Funding Corp. For InvArete Industries, Inc. Retains Capital Funding Corp. For Investment Banking and Public Relations BOULDER, Colo., Oct. 21 /PRNewswire/ -- Arete Industries Inc. (OTC Bulletin Board: AREE) announced today that it has retained Capital Funding Corp. of Coconut Creek, Florida for investor public relations, investment banking and financial consulting services. (Photo: newscom.com ) Thomas P. Raabe, Chairman and CEO of Arete, stated that Capital Funding has been hired to expose the Company to analysts, professional investors and retail brokerage firms and to attract new partners and business opportunities to the Company including new customers and clients. Raabe further stated that since the Company has effectively completed its turnaround and should be achieving positive cash flow within the current quarter, the Company is now in a position to launch a capital acquisition campaign to finance growth of its existing business and to execute the roll-out of an enhanced direct mail and e-commerce advertising and marketing support business. Capital Funding, led by its President, Mr. Ron Sheffron will bring considerable expertise and an extensive network of contacts in the investment banking world to the Company. Capital Funding will immediately conduct an advertising campaign to introduce the Company as an investment opportunity to its own network of investors and associates as well as feature the Company on its website, www.capitalfund.net. Mr. Sheffron stated that he and his associates were very excited to work with the Company and look forward to establishing a long term relationship. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact: Ron Sheffron 1-800-244-6300. SOURCE Arete Industries Inc. -0- 10/21/1999 /CONTACT: Ron Sheffron of Capital Funding Corp., 800-244-6300/ /Photo: NewsCom: newscom.com PRN Photo Desk, 888-776-6555 or 201-369-3467/ /Web site: capitalfund.net /Web site: areteindustries.com (AREE) CO: Arete Industries Inc.; Capital Funding Corp. ST: Colorado, Florida IN: SPT FIN ADV SU: *** end of story ***