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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (7910)	7/20/2000 1:56:22 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 11130

Could be a nice run up to the release of the results; PHOENIX, Jul 20, 2000 (BUSINESS WIRE) -- American Southwest Holdings Inc. (OTC BB: ASWT) is pleased to announce that it has commenced field due diligence on its oil projects in the Shaanxi Province of China. The company's Dallas-based technical consultants have been in China for the past two weeks and will complete its assessment by reporting to the company in approximately four weeks with various options and proposals on the projects and recommendations as to the directions for the company to take. In addition to the previously announced projects, the technical consultants reviewed an additional oil project in the Jiling Province, located in the Northeast of China, where a majority equity position was available in an already established resource area. The company is pleased to announce the appointment of John Yellich as vice president - technical projects. Yellich is also currently in China with the technical consultants reviewing and assessing the previously announced projects. Yellich brings to the company an enormous amount of experience in this field and the directors are pleased to welcome him on the team. The previously announce placement of 4 million shares and warrants has been completed. Alan Doyle Executive Chairman CONTACT: American Southwest Holdings Inc. John Yellich, 303/475-2929