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To: Jim Bishop who wrote (119141)9/11/2003 9:04:45 AM
From: Taki  Respond to of 150070
 
MRXT CEO gone.Marx Toys & Entertainment Corp. CEO Resigns - Seasoned Toy Indust
y Veteran Takes Helm
Marx Toys & Entertainment Corp. CEO Resigns - Seasoned Toy Industry Veteran Take
Helm


Business Editors

SEBRING, Ohio--(BUSINESS WIRE)--Sept. 11, 2003--Marx Toys and
Entertainment Corp. (MRXT.OB) today announced the resignation of
Steven Wise, its Chairman of the Board and Chief Executive Officer
effective immediately.
"I believe, under the circumstances, this course of action is the
best for the Company," said Steven Wise. "
On Friday, September 5th, the Securities and Exchange Commission
instituted public administrative and cease-and-desist proceedings
against Mr. Wise and a New Jersey stock promoter for alleged
violations of the Securities and Exchange Act.
Mr. Wise has denied the allegations and intends to vigorously
defend the action brought against him. He states that he is confident
that when all the evidence is presented he will be fully vindicated.
Robert LoMonaco, a 34 year veteran of the Toy Industry, and a
Director of the Company, has assumed the position of Chief Executive
Officer.
"With the "IM BUDDIES" licensing agreement with United Internet
Technologies coming on stream the future of the Company looks
promising," said Robert LoMonaco the Company's new Chief Executive
Officer. "We are looking forward to the challenges of the next few
months and will do everything in our power to produce value for our
shareholders," he added.
Marx Toys and Entertainment Corporation markets interactive toys
and reissued collectable toys, along with classic games, play sets and
ride along toys. Marx vintage originals are highly collectable and
popular among hobby enthusiasts. Marx branded toys have a rich history
dating back to 1928.

Except for historical information contained herein, the matters
discussed in this news release are forward looking statements that
involve risk and uncertainties. The forward-looking statements in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. However, actual results may
differ materially due to a variety of factors, including without
limitation the presence of competitors with broader product lines and
greater financial resources; intellectual property rights and
litigation, needs of liquidity; and the other risks detailed from time
to time in the company's reports filed with the Securities and
Exchange Commission.

--30--SW/ny*

CONTACT: Investor & Media Relations
JD Merlin & Associates
860-857-1462
JDMerlinDotCom@aol.com
jdmerlin.com

KEYWORD: OHIO
INDUSTRY KEYWORD: RETAIL MANAGEMENT CHANGES
SOURCE: Marx Toys & Entertainment Corp.

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com




*** end of story ***



To: Jim Bishop who wrote (119141)9/11/2003 9:07:44 AM
From: Rocket Red  Read Replies (1) | Respond to of 150070
 
Habanero Saskatchewan wells all producing oil
Habanero Resources Inc HAO
Shares issued 12,405,481 Sep 10 2003 close $ 0.12
Thursday September 11 2003 News Release



Mr. Jason Gigliotti reports
NINE NEW WELLS NOW FLOWING OIL FOR HAO
Habanero Resources is tremendously excited that it has received the preliminary flow rates from the operator for the nine wells drilled in Saskatchewan, Canada, and all nine wells have discovered oil. Flow rates were as high as 84 barrels of oil a day. All nine wells are currently flowing oil and generating revenue for Habanero Resources. The oil is comparable with West Texas No. 1. The experience by other oil companies in the area suggests an approximate 15-year life for the shallow oil wells. Jason Gigliotti, president of Habanero Resources, stated: "This is a very exciting day for Habanero Resources and its shareholders. Being able to announce nine new oil wells all producing revenue for Habanero Resources is a tremendous step forward in building our revenue streams, and achieving our goal of becoming a mid-range oil and gas company. This now gives Habanero Resources 11 individual sources of oil and/or gas revenue that are expected to generate revenue for many years to come." Other partners in this field are Micron Enviro Systems "MSEV" and Fairchild International "FRCD."
Habanero Resources is also in the final stages of due diligence on an additional multiwell drill program in Texas. The company is expecting an announcement within the next week regarding the status of this exciting project. The first well is expected to start drilling within two weeks.
Habanero Resources is also currently conducting due diligence on two other large potential gas projects located in Saskatchewan, Canada, and in Texas.
Pursuant to Habanero Resources' 2003 rolling stock option plan, up to 128,000 incentive stock options were granted at an exercisable at a price of 10 cents for five years, subject to regulatory approval.

(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

old url (better for printing)



To: Jim Bishop who wrote (119141)9/11/2003 9:18:07 AM
From: Taki  Read Replies (2) | Respond to of 150070
 
MSEV short term flipper.IS also in the final stages of due diligence on an additional multi-well
drill program in Texas. We are expecting an announcement within the next week
regarding the status of this exciting project. The first well is planned to
start drilling within two weeks.
MSEV is also currently conducting due diligence on two potential projects, one
located in Saskatchewan, Canada, and the other is a multi-well oil target in
Alberta, Canada.


"This
may be the best day in the history of MSEV. Having nine new oil wells all flowing and
generating revenue for MSEV more than increases our sources of revenue by 450%
overnight. These new wells should generate significant revenue for MSEV over many
years and could be cornerstone for the development and growth of MSEV as we
strive to become a mid-range oil and gas company. This now gives MSEV eleven
independent oil and/or gas wells, each generating revenue for MSEV.