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


To: ChrisJP who wrote (9053)12/12/2000 5:16:12 PM
From: Wayne Rumball  Respond to of 11130
 
ESYG - that would be wonderful if WTPE did that. Hoping to
sell the last of ESYG at 2.75 so I can add a 110 bagger to
my 100 bagger story collection....

PENN YAN, N.Y., Dec 12, 2000 (BUSINESS WIRE) -- Water Petroleum Environmental
and Technologies Company (WTPE-OTCBB) announced today that its stockholders
approved an amendment to its Certificate of Incorporation changing the name of
the Company from Water Petroleum and Environmental Technologies Company to
Skygivers, Inc. and increasing the number of authorized shares of Common Stock.

The Company will now proceed with its previously announced stock split in which
each outstanding share of stock prior to the split will be split into 48.214457
shares subsequent to the split. The amendment was approved by the affirmative
vote of a majority of the outstanding shares. The Company is in the process of
obtaining a new stock ticker symbol to reflect the name Skygivers and will
announce the new symbol once it is obtained.

Skygivers is a company dedicated to empowering non-profit organizations through
technology. Skygivers enables non-profit organizations and businesses to share
the financial and communication advantages of the Internet by becoming part of a
true digital equity network.

Skygivers provides satellite technology, national ISPs, Internet appliances and
innovative web site software to give every non-profit organization and business
its own exclusive piece of the Internet.


FORWARD-LOOKING STATEMENTS

Statements contained in this Press Release that are not purely historical are,
and should be deemed, "forward-looking" statements within the meaning of the
"safe-harbor" provisions of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, including statements regarding
our expectations, hopes, beliefs, intentions or strategies regarding the future.
Statements which use the words "expects", "will", "may", "anticipates",
"believes", "intends" and "seeks" are, and should be deemed forward looking
statements. These forward-looking statements are based on information available
to us on the date hereof, and we assume no obligation to update any such forward
looking statement. It is critical to note that our actual results may differ
materially from those in such forward-looking statements.


CONTACT: Skygivers, Inc., Penn Yan
Carol Fitzgerald, 315/536-9967
cfitz@eznet.net