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To: michael d kugler who wrote (30111)12/24/1997 12:04:00 AM
From: Pugs  Respond to of 55532
 
Lori's a liar, Rich is a liar...but not you Mike...you told the SEC the truth , didn't you? Did you tell the SEC your phone buddy Mork sued a co. he put out a release saying didn't exist?, Huh?
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>>>>Wednesday September 24 4:07 PM EDT

Company Press Release

Olympus Ventures Sued By Magellan for Market Manipulation

PALM SPRINGS, Calif. Sept. 24 /PRNewswire/ -- The following is being
issued by Magellan Capital Corporation (Bulletin Board Symbol: OVIS):

Magellan Litigation Services announced today that it has filed a lawsuit
in the California Superior Court, District of Los Angeles, against
Olympus Ventures Inc. (Bulletin Board Symbol: OVIS); Gary Morgan,
Olympus' CEO; Roland Breton, Olympus' President, and certain stock
promoters to be named later, for fraud, stock manipulation, conspiracy
and violation of securities laws.

Magellan alleges that Olympus, Morgan, and Breton, acting in concert
with unnamed stock promoters, have manipulated the market for Olympus
stock and inflated the price of its shares from $.20 to $2.31 per share,
without any changes in fundamental value of the company.

Magellan further alleges that Morgan and Breton illegally issued over
2,000,000 restricted shares of Olympus stock to selected stock
promoters, for little or nothing. Morgan, Breton and these stock
promoters then manipulated the market for Olympus' shares and sold these
unregistered shares as free trading shares to the public at grossly
inflated prices. These illegal shares constitute two-thirds of the total
outstanding shares of Olympus.

The defendants and stock promoters, using false names to conceal their
true identities, formed a syndicate to manipulate the price of Olympus
shares. To accomplish the market manipulation, Morgan, Breton, and stock
promoters utilized a Internet web site at siliconinvestor.com
at a location called ''Stock Talk Olympus Ventures.'' The syndicate was
formed in June of 1997 when the price of Olympus' shares were $.20. The
syndicate members exchanged over 500 messages with each other, directed
towards manipulating the price of Olympus' shares to today's price of
$2.31 per share, an increase of 824%. Incredibly the messages describing
the market manipulation of Olympus stock can still be viewed at
siliconinvestor.com. Copies of these messages have been sent
to the SEC.

As Magellan learns the true names of the syndicate members they will be
added to the lawsuit.

SOURCE Magellan Capital Corporation
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Lori lies, Rich lies, I lie, Riley lies...but your pal Morks release makes total sense.....You're a work of art!, Pugs