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To: Instock who wrote (957)	3/3/1998 8:43:00 PM
From: ilh1	Read Replies (1) \| Respond to of 1488

Instock;....CSHK News: Tuesday March 3, 5:46 pm Eastern Time Company Press Release Cashco Signs Binding Letter of Intent to Acquire Exclusive License to Sell, Market & Distribute New Software Program NEWMARKET, Ontario, Canada--(BUSINESS WIRE)--March 3, 1998-- Cascho Management, Inc. (OTC-CSHK) announced today that it has signed a binding letter of intent with Merced, Inc. for the exclusive worldwide license to sell, market and distribute, through its newly formed subsidiary, Eleventh Hour Software Production, Inc. (''EHI''), a software program which will analyze computer software and hardware and report the changes that need to be made to enable the software and hardware to function for the year 2000. EHI also has the first option to purchase and/or distribute other retail and commercial software produced or manufactured by Merced except software manufactured for unaffiliated third parties on a contract basis. Based upon representations by Merced, the Company believes that the markets for this product will include Internet sales, Bundleware sales, (scaled down version of the software included in other software programs), Point of Sale (sales directly to manufacturers of cash registers), mass manufacturers, ATM machines owners and the retail market. The price of the product will range from approximately $1.00 per copy for the BundleWare to $150 per user for the ATM, depending on the type of the market, quantity purchased and the number of licensed users. Execution of a final agreement is contingent only upon satisfactory testing results of the software and evaluation of its marketability by unaffiliated third parties. As consideration for the seven year exclusive license, Cashco will pay a licensing fee of $250,000 over a six moth period and EHI will issue to Merced 1,500,000 shares of its Convertible Preferred stock, convertible into Common Stock of Cashco or into EHI common stock under certain circumstances. Pre-testing by Merced indicates that the Company can expect strong sales over the next two years. Contact: Cashco Management, Inc. Rhonda Windsor, 905-898-0918 -Prosperous Soul-