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To: Andrew C.R. Biddle who wrote (17227)	3/2/1998 11:12:00 AM
From: Mackie	Respond to of 50167

News Out on Acquisition - VIKG Monday March 2, 10:15 am Eastern Time Company Press Release Viking Resources International Inc. Concludes Final Acquisition Meetings With European Company on its International Environmental Division With Joint Press Release in Preparation TAMPA, Fla.--(BUSINESS WIRE)--March 2, 1998--Viking Resources International Inc. (OTC.BB:VIKG) Chairman/CEO, Gerald L. Kuhr, has concluded final acquisition meetings on its pending acquisition of a multiple location international environmental services and engineering division from a large international European firm. The pending acquisition will increase the company's gross assets by approximately $131 million and annual revenues by over $200 million. Complete details on the acquisition will be disclosed in a joint press release which is imminent. 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