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To: Joe Copia who wrote (1494)	11/23/1999 9:15:00 AM
From: Wayne Rumball	Respond to of 4792

BRIDGEPORT, W.Va., Nov. 22 /PRNewswire/ -- Charles Stout, President, and Chairman of the Board of NELX, INC. (OTC Bulletin Board: NLXI) issued this press release today as a follow-up to the 8-K filed last week. Stout considered it timely for delineation of what has been taking place within the corporation. Since management changes of NELX, INC., in October of 1997, Stout has been working with creditors and others involved in prior transactions with the corporation to resolve corporate obligations, disputes, problems, questions, etc. The intent of these actions was to clean up all past items with full resolution and agreement of parties concerned, and to pave the way for NELX, INC. to venture forth into the future in a positive manner. Recognizing that the most pressing need now is to have ongoing income- producing business activities, NELX, INC. has been analyzing a fairly steady stream of proposals from existing businesses and individuals for acquisition opportunities. Prior to this date, no proposal fit the business criteria originally created and approved by the Board of Directors of NELX, INC. However, in continuing to work the original business plan, the Board of Directors has entered into letters of intent to pursue the acquisition of two companies: Square Roots Incorporated, an active producing lumber mill; and Reliable Energy Producers, Inc. involved in lease development and use of coalbed methane. Both companies are incorporated in the State of West Virginia. The Board of Directors agrees that these two acquisitions can bring an ongoing day-to-day business operation to NELX, INC. At the same time, NELX, INC. can be an integral part of the creation and development of advantageous methods of utilizing the huge reserves of coalbed methane in environmentally beneficial and economically sound ways. Thus, benefiting the environment, and also bringing NELX, INC. into a position of actually generating net profits. "We are very excited about what this means for all of us as we go forward to put these two transactions together, and build a viable business organization out of our collective resources", said Stout. "We are in the due diligence process, and will keep shareholders advised as much as we possibly can as the progress takes place. Meantime, we have a corporation that is poised and ready to take advantage of business opportunities as we encounter them." SOURCE NELX, INC. -0- 11/22/1999 /CONTACT: NELX, INC., 304-622-9599/ (NLXI)