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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (7802)	5/12/2000 10:02:00 AM
From: StockDung	Read Replies (1) \| Respond to of 10354

Loraca International, Inc. and J. A. Young & Co. End Acquisition Talks SEATTLE--(BUSINESS WIRE)--May 11, 2000--Loraca International, Inc. (OTC/BB:LCAI), a technology company with a foundation in the financial services industry, announced today that acquisition discussions with J. A. Young & Co. have terminated. "We are disappointed that this transaction will not be consummated. We are reconsidering our options and continue to seek out compatible acquisition candidates to enhance our business model," said Ron Baca, Chairman and CEO of Loraca. Loraca International, Inc. is a rapidly evolving technology company with a foundation in the financial services industry. This press release contains forward-looking statements that involve potential risks and uncertainties, including discussions of future potential acquisitions by and prospects of the Company. These forward-looking statements are based on information available to the Company on the date hereof. The Company's actual results could differ materially from those in such forward-looking statements due to risks and uncertainties associated with the Company's business, including the need to diversify and expand technology-related operations, to gain consumer acceptance of Internet mortgages and insurance, and to achieve profitability. These factors and other risks and uncertainties are discussed in more detail in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Company's other SEC filings. Because of these risks and uncertainties, readers are cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update any forward-looking statement. CONTACT: LORACA INTERNATIONAL, INC. Bernard Guy, 206/332-0400 KEYWORD: WASHINGTON BW0570 MAY 11,2000 16:58 PACIFIC 19:58 EASTERN