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To: Ga Bard who wrote (3236)	12/14/1997 1:35:00 AM
From: Ice-Man	Read Replies (1) \| Respond to of 8835

People laughed at me when i said buy AGP.wt:ASE at 5c and at 50c and now it $1.60 they aren't laughing that hard. The shares have gone from 70c to 2.80 The company started to trade in April and it has 12 million shares out 2 million free trading warrents and 11 million in the bank. The Company is on the road to consolidating the Ice Industry. They aleady have all of western Canada and now they have moved into the states. Sales in the past 7 months have increased from 5 million to 21 million and by the companies year end sales should be in the 30-40 million range. The 5 year plan is to have 250 million to 1/2 billion in sales. Only companies with a positive cash flow 500,000 + sales and a local monoply are selected for take over. Most of you will probably laugh at me, but some of you will see the true value here. I would like to hear your opinions on why this is a good stock or a bad stock... SI thread exchange2000.com here is the latest news.. Arctic Group Completes Acquisition in Texas Arctic Group Inc (The) AGP Shares issued 12,666,667 Dec 8 close $2.70 Tue 9 Dec 97 News Release Mr Robert Nagy reports, WINNIPEG, MANITOBA (December 9, 1997) - The Arctic Group Inc. has formally closed its acquisition of "Host Ice", a Texas-based ice production and distribution company, President Robert Nagy announced today. In conjunction, The Arctic Group Inc. has completed previously announced financing transactions with both Wellington West Capital Inc. and RoyNat Inc. which total $11-million. A portion of these funds was allocated to the closing of the Texas acquisition. As a result of this acquisition and other recently announced Letters of Intent, President Robert Nagy says The Arctic Group Inc. stands to achieve annualized revenues of approximately $21-million, up from $5-million as of April 30 of this year. One of Canada's largest ice companies, The Arctic Group Inc. operates manufacturing and distribution centres in all four Western Canadian Provinces. "Host Ice" services West Texas and New Mexico with operating distribution facilities located in Lubbock, Amarillo, Midland, and San Angelo as well as Roswell, New Mexico. The Arctic Group Inc. is committed to building an internationally recognized ice company by focusing on an aggressive strategy of growth through acquisition and consolidation of the ice industry. For further information, call The Arctic Group TOLL FREE at 1-888-573-9237. (Signed) On behalf of the Management and the Board of Directors of The Arctic Group Inc., Robert Nagy, President & CEO. The Alberta Stock Exchange has not reviewed and does not approve or disapprove of the adequacy or accuracy of this release. The Arctic Group Inc. Trading Symbol: AGP (ASE) 625 Henry Ave. Winnipeg, Manitoba R3A 0V1 Web Site: arcticgroup.com E-Mail: info@arcticgroup.com