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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Juan Dominguez who wrote (776)	1/9/1998 9:44:00 AM
From: bob jaremsek	Respond to of 1028

Pure Energy Founders Purchase 2.45 Percent of PEC Stock from L. L. Knickerbocker LAKE FOREST, Calif.--(BUSINESS WIRE)--Jan. 9, 1998--The L. L. Knickerbocker Company Inc. (Nasdaq:KNIC - news) Friday announced that the founders of Pure Energy Corp. (PEC), Douglas Dunlop and Scott Dunlop (the Dunlops), have purchased 2.45 percent of LLK's stock holdings in PEC for a total consideration of $3.67 million. Terms call for secured notes to be issued by the Dunlops in favor of LLK in the amount of approximately $1.8 million, and the return by the Dunlops of 397,500 warrants to purchase stock in LLK, valued at approximately $1.9 million. Louis L. Knickerbocker has resigned as chairman of the board of PEC, but remains as a member of the board. ''PEC is well on its way to achieving its goals,'' said Knickerbocker. ''We remain the single largest stockholder of PEC and are looking forward to upcoming events and to its becoming a publicly traded company.'' The L. L. Knickerbocker Co. is a diverse company, consisting of a collectible products division, a jewelry division and an investment division. The company markets all of its products worldwide. Through its investment division, it has a 50 percent interest in Arkenol Asia Inc., a 35 percent interest in Pure Energy Corp. and a 31 percent interest in Ontro Inc. For more information, visit The L. L. Knickerbocker Co. Web site: www.knickerbocker.com . This news release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to: economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices, and other factors. ___________________________________________________________________ ..................... Bob