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

To: Jim Bishop who wrote (82214)	3/22/2001 6:06:38 PM
From: CIMA	Read Replies (2) \| Respond to of 150070

YVA.V - You're hanging in I hope...it's looking good. See the bid/ask at the close today? Tuesday March 20, 4:27 pm Eastern Time Press Release SOURCE: Nova Growth Corp. Nova Growth Corp. - litigation update TORONTO, March 20 /CNW/ - Nova Growth Corp. (the "Company") announces the following update concerning its outstanding litigations. KEPINSKI, BOXER AND FALLS ENTERTAINMENT, et al Certain of the interlocutory motions concerning the Company's litigation against Andrzej Roman Kepinski (a former President and Director of the Company), Richard J.G. Boxer (a former director and officer of the Company's wholly owned subsidiary Win North Gaming Corporation), and their related companies as reported on January 30, 2001 have been adjourned pending mediation. Mediation has been tentatively scheduled for mid-April 2001. By order of the Commercial Court, the court files in respect of the motions and mediation have been sealed. COOPERS & LYBRAND The Company commenced an action in Ontario against Coopers & Lybrand; Coopers & Lybrand L.L.P.; Gary Hassard; Robert Scarpelli and Michael French seeking an accounting and other relief against the Defendants in respect of services performed by the Defendants for the Company in respect of various casino ventures pursued by the Company, including ventures in Trinidad, the Azores, Calgary and Niagara Falls. The Company reports that it will be proceeding to schedule discoveries. GAMING VENTURE GROUP ("GVG") The Ontario action is against Shiplake Casino Corp. ("Shiplake"), an Ontario corporation and Park Gaming, L.P. ("Park"), a Delaware limited partnership. In the action, the Company is seeking, among other things, a declaration that it carried on business as a partner or, alternatively, as a joint-venturer with Shiplake and Park in respect of GVG's response to the February 18, 1997 request for proposals of the Gaming Control Commission's (Ontario) Charity Gaming Club Project. The Company is also seeking an accounting of all right, title and interest, as well as proceeds and benefits held or obtained, by Shiplake or Park, in any monies paid in respect of the GVG Bid. The Company also claims damages in the amount of $10,000,000. The Company reports that pleadings have now been exchanged by the parties, and the Company expects to commence discoveries in the near future. The Canadian Venture Exchange ("CDNX") has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. Nova Growth Corp. has 11,104,383 common shares outstanding (19,629,383 on a fully diluted basis).