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To: Ga Bard who wrote (5508)	3/16/1998 8:18:00 AM
From: Scott Kelly	Read Replies (1) \| Respond to of 8835

Monday March 16, 7:01 am Eastern Time Company Press Release Nerox Energy Corporation Files 1997 10 Q's Converts Over $1 Million of Debt to Stock At $1.00 Per Share IRVINE, Calif.--(BUSINESS WIRE)--March 16, 1998--Nerox Energy Corporation (OTCBB:NROX - news) announced today that is has filed its first, second and third quarter 1997 10Q's and expects to file its 1997 10K by the end of March. ''As of September 30, 1997, the Company has converted $627,141 notes payable and accrued interest, and $400,376 accounts payable to common stock at $1.00 per share,'' commented Jack Utter, President and Chairman of Nerox. ''By converting over $1 million in debt and bringing our required filings current we are putting the company in a position to take advantage of the huge potential the Jonesville Coal Mine provides. We are currently in discussion with several joint venture partners and are currently arranging financing to begin mining at Jonesville. The company has never been closer to reaching its potential.'' Nerox Energy Corp. is an emerging growth, fully integrated energy company with interests in oil and natural gas, coal and power plant development. The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both Pacific Rim and domestic markets. Financial Statements in this press release other than historical facts are ''forward-looking'' statements within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earning, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. -------------------------------------------------------------------------------- Contact: Nerox Energy Corporation

To: Ga Bard who wrote (5508)	3/16/1998 9:25:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 8835

Gary, Thanks for your reply. Glad you got some sleep. You are punctuating again. LOL. Still on the subject of "how does an OTC issue make it to the big leagues." Many of us dream of one of our babies making it big, but often underestimate the hostility of the market. It is easy to SAY that a stock could go all the way to 10 bucks. But the opposition [illegal shorting, daytraders, legal shorts, MM manipulation, etc.] is a formidable force. And too often CEOs make fatal mistakes, I.E. reverses, dilution, etc. The vast majority of OTCs deserve to be where they are. But the needle-in-the-haystack undervalued sleepers need a "formula" for breaking through the 1 dollar, 2 dollar and 5 dollar barriers. It seems to me that it takes a "concerted effort" between CEO and shareholders to support and drive a deserving stock that far. Unfortunately, there are laws [ridiculous as it sounds] against making such a "concerted effort" to squeeze out the shorts. So what is a CEO or shareholder to do? Do you [or anyone] know of such a step-by-step formula to try and break thru these roadblocks in the course of making it to the big leagues? Many stocks in the 1-3 dollar range are absolutely stuck there. NCTI, OZON, ECHTA, FBAR, IMAT are all great companies with cool products and making financial progress, yet they are all stuck in a 2 dollar rut. Is this a sort of purgatory for OTC issues? They hang out in the 2 dollar area for a year or two until some really big news? If they wait for a major brokerage/promoter to pick them up from 2 dollars, they run the risk ending up with a La Jolla Capital type, that drives them right back to .17 [and makes a fortune doing it]. So, can we "formulize" a method of guidance that comes from our collective experience of real-world OTC investing? If so, I am certain that there are well-trained CEOs that will still benefit from our conclusions. And that sure can't hurt OUR investments. Do you think this would make a good thread topic? Appreciate your thoughts one more time on whether a "formula" can be made to help guide issues thru the muck and mire. Rande Is