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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 (23667)	12/4/1997 1:32:00 PM
From: Pugs	Respond to of 55532

Friday November 7 10:08 AM EST Company Press Release Rocky Mountain International Ltd. Announces its Response to a Press Release Issued Nov. 4, 1997 by Demsey Mork FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997--Rocky Mountain International Ltd. (formerly Olympus Ventures Inc.) (OTCBB:RMIL - news) announced Friday that it is responding to the press release issued Nov. 4, 1997 by Demsey Mork. In the press release Demsey Mork claims that he filed a lawsuit against the company and others in the Federal District Court in California. According to Rocky Mountain International Ltd., this is the fourth lawsuit that has been filed by Demsey Mork and/or his affiliated company, Magellan Litigation Services, against Rocky Mountain International Ltd. and/or its predecessor from Olympus Ventures Inc. Rocky Mountain said it believes that the charges are unfounded and are a continued attempt by Mork to manipulate Rocky Mountain International Ltd.'s stock price to cover his short position -- all to the detriment of Rocky Mountain International Ltd.'s shareholders. Gary Morgan, CEO of Rocky Mountain International Ltd. stated: ''By continuing to defame the company both by outright distortion and the filing of meritless litigation. Mork is threatening the very existence of the company. Certain of these many distortion require immediate correction: 1. Rocky Mountain International Ltd. never issued a press release that it had acquired Palco, only that a letter of intent to acquire had been signed. As of this date, negotiations are ongoing. 2. Mork's statements concerning the merger of Rocky Mountain Crystal Waters (RMCW) and Olympus (OVIS) are also distortive. Our public filings state that the combined asset value of the two companies, including the value of investments, and an expected $5 million financing commitment from a third party, would create a company with $21 million in assets. 3. Neither Gary Morgan nor Roland Breton, president of the company, have ever owned more than approximately 300,000 shares of the company. Mork's statement is a falsehood. 4. Mork's statement that pursuant to Exchange Action Section 15-c-2-11, the SEC will stop company trading on Friday is also untrue. We have confirmed with the SEC that, in accordance with its standard and scrupulously honored policy of confidentiality, of which we are sure Mork is aware, it has not advised anyone of its position or of any steps it may take with respect to Rocky Mountain, Mork, Magellan or anyone else. Perhaps the best evidence that Mork's statement is untrue is that the Exchange Act Section in question is entitled 'Initiation or Resumption of Quotation Without Specified Information' and relates to regulation of broker dealers, not issuers, and has nothing to do with the SEC 'shutting down' a company.