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To: Thomas Winklhofer who wrote (16841)	2/3/1998 4:56:00 PM
From: Mackie	Respond to of 50167

*** JUST IN **** Look for it tomorrow... Tuesday February 3, 4:07 pm Eastern Time Company Press Release Viking Resources International Inc. Announces Update on Acquisition of International Environmental Services and Engineering Group With Assets of $131 Million and $200 Million in Revenue TAMPA, Fla.--(BUSINESS WIRE)--Feb. 3, 1998--Viking Resources International Inc. (OTC.BB:VIKG) Chairman/CEO, Gerald L. Kuhr, announced an update Tuesday on its pending acquisition of a multiple location international environmental services and engineering division from a large international firm. Once completed, the acquisition will increase the company's assets by approximately $131 million and annual revenues by $200 million. Names and full details of this transaction will be disclosed in a joint press release to be issued by both parties upon the completion of the final terms of the acquisition agreement. Viking announced that some of the terms associated with this acquisition include: 1) the financing of approximately $131 million, which is in place, 2) a cash payment to the parent company, which has been agreed upon, 3) a seven-year note to the parent company covered by a bond of the same amount, which has been secured, and 4) the terms for retention of the president of this division. Gerald L. Kuhr, chairman/CEO stated: ''At this time, we have reached the final phase of negotiations involving the retention, participation and compensation of the current president of the division being acquired. We are very aware of the eagerness of our shareholders to see the completion of this acquisition. Viking has been working as quickly as possible, given the size and nature of this transaction, to bring it to a close. It is our feeling that the successful conclusion of this purchase will make tremendous strides towards Viking achieving its goal of growth and profitability in the global environmental industry.'' Viking Resources International Inc. is a holding company that has a focus of expansion through acquisition and development with its core business in the international environmental and recycling industry with some diversification in high impact businesses. Except for the historical information presented, the matters discussed in this release are forward looking statements and are subject to risks and uncertainties that could cause actual results to differ materially. -------------------------------------------------------------------------------- Contact: Investor Relations 800/777-0264 or 800/913-9767

To: Thomas Winklhofer who wrote (16841)	2/3/1998 5:51:00 PM
From: Al Serrao	Read Replies (2) \| Respond to of 50167

Thomas, a more reliable forecaster of the rate on the long bond is Gold. I brought this to attention of the this thread many times in the past. The recent point I was trying to highlight is what are the central banks up to in responce to the Aisian crisis? They have to be printing paper like mad. If they in fact are doing just that, what can we expect.?The price of Gold would be putting in a bottom, and the long bond would be putting in a top. Looks like this is what happened last month. Uncle Ike's point is if there is all of this excess liquidity floating around then it will find its way eventually into the equity markets. Again another confirmation this week. Hope this helps.

To: Thomas Winklhofer who wrote (16841)	2/3/1998 10:29:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Thomas- On bonds I think within next few months the inflation threats will pre-occupy the gurus more than deflation threats- but I think the recent spate of devaluations in ASEA willlhelp import a lot of price stability and I would think that although European demand may also pick up we may not see Fed inaction for a while. Real Estate is strong but external factor like price stability and much lower import prices will help keep the ginnie of inflation properly arrested but this one area we need to watch very very closely. Bond Yields may head back to 6,20 as market to be honest can sustain that but beofre that happening I will like Bund and Matif to show me some weakening of Bond - 106,40 and 103 is present levels it is all over strong bond prices but may be we will see some consolidation in bonds which will rattlethe markets.