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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Riley G who wrote (8004)	10/23/1997 7:44:00 PM
From: mawork1	Read Replies (13) \| Respond to of 55532

Rocky Mountain International Ltd. formally Olympus Ventures accused of Stock Fraud by Magellan Litagation Services. Palm Springs, Oct. 23 /PR Newswire/ -- Magellan Litigation Services announced today that it has added additional charges to its lawsuit against Olympus Ventures Inc. Olympus recently changed its name to Rocky Mountain International LTD. and trades on the OTC bulletin board under the symbol "RMIL". The other defendants are Gary Morgan, Roland Breton and Michael Zapara. The charges against the parties are for fraud, stock manipulation, conspiracy, breech of contract, specific performance, and violation of securities laws. Magellan is prepared to prove in court that the defendants have manipulated the market for Rocky Mountain/Olympus stock from $.20 to $2.25 per share based on two sham transactions. Magellan alleges the first sham transaction was when Rocky Mountain, then named Olympus, announced an agreement to acquire a company named Palco. Prior to the announcement, Olympus' stock was trading at $.20 per share. The price of Olympus' stock rose to $2.25 per share on the announcement. The sham was that there was no Palco deal. Palco had canceled the transaction two days before Morgan and Breton announced the deal. Magellan also alleges the second sham transaction was when Olympus announced it had changed its name to Rocky Mountain Intl. Ltd. and had acquired Rocky Mountain Crystal Water which had $21 million in assets. The $21 million in assets turns out to be a former veterinarian clinic used for bottling water and employing 2 people. The maximum value of the facilities is under $100,000. In addition to the sham transactions, Magellan believes Morgan and Breton have swindled investors by issuing themselves enormous amounts of shares. At the beginning of this year, investors owned all of the approximately 1,000,000 shares of Olympus. Since then, Morgan and Breton issued themselves and Zapara 2,000,000 shares of stock free, that had a market value of $5 million plus an additional 4,000,000 shares with a market value of $10,000,000 that they paid $4,000. Morgan and Breton at one time owned 6,000,000 out of 7,000,000 shares issued. For further information contact Randy Baker of Magellan, 760-360-1042