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Gold/Mining/Energy : CYH.Ase -- Ignore unavailable to you. Want to Upgrade?

To: Benjamin Ng who wrote (56)	2/27/1998 1:52:00 PM
From: Benjamin Ng	Read Replies (1) \| Respond to of 80

Compression & Encryption Technologies Inc. Personnel Announcement CALGARY, ALBERTA--Vitreous Environmental Group Inc. has been appointed to act as interim manager of the business of Compression & Encryption Technologies Inc., and its subsidiary Compression Communications Corporation. Vitreous, the President of which is Patrick Cashion of Airdrie, Alberta, will manage the affairs of the Corporation on an interim basis while reviewing its financial affairs and other related matters. Concurrent with this appointment, Grant Simpson has resigned as Chief Financial Officer of the Corporation. At present the Board of Directors consists of Robert David, (Chairman), Gary Hamilton (President), Don Logan (President of Compression Communications Corp) and Glen Boyd. Due to the lack of financial resources, the Corporation suspended active operations until such time, if any, that it can make acceptable financial arrangements in order to continue in operations. There is no assurance that the Corporation or Vitreous Environmental Group Inc. will or can make acceptable financial arrangements for the Corporation, and accordingly, there can be no assurance that the Corporation will recommence active operations. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Compression & Encryption Technologies Inc. Gary Hamilton President (403) 450-2725 The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.