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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (11360)	3/2/2000 10:59:00 AM
From: R Hamilton	Read Replies (1) \| Respond to of 11888

leave it to this company to make a stupid release like this......how can you say that you are not aware of any PENDING events if you are in current negotiations to enhance shareholder value? the pending event will be either failure to achieve what is being negotiated or the successful completion. "no comment" would have been more appropriate American International Petroleum Corporation Comments On the Recent Market Activities Concerning Its Stock NEW YORK--(BUSINESS WIRE)--March 2, 2000--American International Petroleum Corporation (AIPC; NASDAQ NMS: AIPN) announced today, in response to the unusually high level of activity in its stock over the last two days, that it is not aware of any current or pending events that would be causing the high trading volumes and price movements. AIPC is engaged in negotiations and actions that are intended to enhance shareholder value but those negotiations have not been completed. As mentioned in earlier releases, negotiations continue in an effort to secure a gas sales contract for the gas expected to be produced from License 1551 in western Kazakhstan. In addition, negotiations are also underway to sell a working interest in the license to other parties. Both of these objectives are currently in direct discussions in Moscow. These negotiations and document exchanges continue on a path that the Company currently believes will be successful. The Company remains optimistic that final and mutually acceptable agreements will be reached. However, the timing of these events remains uncertain at this time. When agreements are reached, the company will issue immediate press releases to convey that information to its stockholders. American International Petroleum Corporation is a diversified petroleum company which, through various wholly owned subsidiaries, is involved in oil and gas exploration and development in the Republic of Kazakhstan, and in refining, marketing and transportation of its refined products in the United States. The matters discussed herein are forward-looking statements. These statements involve risks and uncertainties, such as timely availability of services or products, financing, and other factors, as set forth in the Company's filing with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein. CONTACT: Michael Dodge 212.688.3333 or KCSA: Bob Giordano Joseph Mansi 212.682.6300 Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: News Profiles and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News