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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: lindao who wrote (54695)	7/14/2000 3:53:01 PM
From: lindao	Read Replies (1) \| Respond to of 150070

Y2K, the record volume indicator on clearstation pertains to a particular stock's own volume during the past 52 weeks ... she said sheepishly ... but I still think that alone will draw more attention to clyc Linda

To: lindao who wrote (54695)	7/14/2000 3:58:25 PM
From: myturn	Read Replies (1) \| Respond to of 150070

HCCA, news! If it is too good to be true, then it usually is............ Hexagon Consolidated Companies of America, Inc. FOR IMMEDIATE RELEASE: Friday, July 14, 2000 CONTACT: Madeleine Franco Jordan Richard Assoc. 801-268-8610 ir@jordanrichard.com HEXAGON CONSOLIDATED COMPANIES OF AMERICA ISSUES UPDATE RENO, NEVADABHexagon Consolidated Companies of America, Inc.(OTC: HCCA), today issued the following update. REPORTING STATUS The company has withdrawn the financial statements contained in its Form 10SB registration statement filed with the Securities and Exchange Commission (SEC), including those filed with its second amended Form 10SB in December 1999. Such financial statements were the subject of numerous comments by the SEC staff, including but not limited to objections to the method of valuation of the company's ore material at Skull Valley, Ariz., and its claims in San Bernardino County, Calif. The SEC staff also questioned the absence of pro forma and other accounting information relating to these and other properties acquired by HCCA. It is possible that the company will be obligated to significantly reduce the value of such assets. The company intends to obtain an appraisal of its mining properties from an independent qualified appraiser, but has not yet identified a specific individual to perform the appraisal. The company may be unable to obtain certain information requested by the SEC's staff, such as information about prior owners' costs and operating history. Management is working to resolve such issues, but a resolution may require waivers by the SEC of certain regulatory requirements. The consequences of denial of such waivers have not yet been evaluated, but could include actions that would make it more difficult for stockholders to sell their stock. Management of HCCA remains committed to maintaining the company's status as a fully reporting company. SKULL VALLEY (ARIZ.) PROPERTY Management believes the company is near commercial production of doré bars from its material at Skull Valley, Ariz. Management believes that there are significant quantities of gold, platinum and other precious metals in such materials on the basis of assays by its metallurgist and registered assayer, Dr. Donald Jordan. Management further believes that it has an economic means for processing such metals into doré bars. HCCA's president has identified a potential buyer for such bars; he will take sample bars for evaluation by such buyer in the second half of July and seek to obtain an agreement establishing terms for purchase of future production. An amended plan of operation for the Skull Valley site has been submitted to the State of Arizona but has not yet been approved. Pending such approval, operations at the Skull Valley site have been suspended. SILVER VALLEY (CALIF.) CLAIMS Management has obtained authority from the State of California to conduct further tests and exploration on its claims in San Bernardino County (the "Silver Valley" claims), subject to certain environmental requirements. Such requirements include submission of a reclamation plan and arrangements for protection of desert tortoises during their migratory season. Such season ends in the fall, at which time the company intends to conduct additional testing with a view to establishing the probability of commercially exploitable reserves. A U.S. Geological Survey (USGS) report indicated that in 1941, six ounces of gold had been extracted from 20 tons of ore at the Azucar mine, a mine located on HCCA's claims, which was operated intermittently until the mid-1980s, and which contains a 120 foot exploratory shaft. - more - While the USGS report stated that commercial production at such site was unlikely, management believes that .3 ounces per ton is sufficient for profitable operations, especially with other precious metals being present. An independent company retained by HCCA has reported that limited tests (21 samples to a depth of three feet) indicated an average of .28 ounces of gold per ton and 1.5 ounces of platinum per ton at the company's San Bernardino claims. However, management does not believe such tests were sufficient to establish "probable" reserves. If past findings are sustained by further testing, management believes such claims will be commercially productive. Management intends first to concentrate on production of doré bars from its Skull Valley property, using profits, if any, to develop its property in San Bernardino County if warranted by the company's further testing. LITIGATION The litigation involving HCCA's real estate in Illinois, Tennessee, and Florida has consumed substantial amounts of management's time and the company's financial resources, resulting in delays in development of its mining properties. The matter is presently scheduled to come to trial in October 2000, but there could be delays, notwithstanding the company's efforts to bring this to an early resolution. HCCA recently was successful in obtaining an injunction prohibiting Robert R. Krillich, Sr. (Krillich), and others from selling any of the property. A motion by Krillich that would have required HCCA to post bond was denied. In order to concentrate on the development of its mining properties and on realization of the value from the real estate that is subject of the lawsuit with Krillich, management has determined to discontinue for the foreseeable future HCCA's plan to enter health care services. Additionally, the company intends to sell its medical waste disposal assets. Hexagon Consolidated Companies of America, Inc. is a company presently with interests in mining, health care, music publishing and real estate. NOTE: This news release contains statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the company as of the date of this news release, and the company assumes no obligation to update or revise these forward-looking statements. Such forward-looking statements are inherently uncertain, and the company=s actual results may differ from management=s expectations. Further information on potential factors that could affect the financial condition and results of operations of the company are included in the filings of the company with the Securities and Exchange Commission. # # #