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To: GUSTAVE JAEGER who wrote (18554)12/19/2002 7:02:31 AM
From: average joe  Read Replies (1) | Respond to of 23908
 
Timothy Haddon, the Company's President and CEO commented, "Following the disappointing decision of the Denver court denying jurisdiction in our case against LUKoil and Arkhangelskgeoldobycha ("AGD"), and given our financial situation, this transaction represents an exciting new beginning for the Company. Having De Beers, the world's leading diamond producer, as our largest shareholder bodes well for the future of the Company and hopefully for the resolution of our title problems and advancement in the evaluation and development of the Verkhotina license."

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