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To: Andrew H who wrote (1048)	4/27/1998 1:04:00 PM
From: DR. MEADE	Respond to of 7491

********************OT***************************Monday April 27, 11:33 am Eastern Time Company Press Release Tigershark Submits Filing to Become Voluntary SEC Reporting Company WACO, Texas--(BUSINESS WIRE)--April 27, 1998--Tigershark Enterprises, Inc. (OTC BB:TGSK - news) announces that it has submitted the necessary forms with the Securities and Exchange Commission (SEC) to become a fully voluntary reporting company. Tigershark prepared these forms using publicly available audited financial statements covering the first quarter 1998 and earlier. Tigershark anticipates that it will receive SEC approval for full reporting status within 90 days. Once the SEC approves Tigershark as a fully reporting company, Tigershark's annual (10-K) and quarterly (10-Q) reports, as well as all other future SEC filings, will be available for public review through the SEC and its electronic EDGAR database. Colin Smith, Tigershark's President and Chief Executive Officer, stated, ''Last week's filing to become a fully reporting company with the SEC is an important milestone in Tigershark's growth as a public company. Not only is becoming a fully reporting company one of the most significant minimal requirements for obtaining a Nasdaq Small-Cap or Amex listing, but it opens the door to a whole new spectrum of investors, stockbrokers and institutions that simply do not research non-reporting companies.'' Tigershark Enterprises, Inc. is a distributor of Mercury(TM) outboard boat motors and lubricants to retail marine and auto parts suppliers in Mexico with expanded distribution of its popular Mercury QuickSilver(TM) two-cycle engine oil into the Southwestern U.S. and Central America. In conjunction with its Mercury(TM) product line, Tigershark markets and distributes an extensive offering of yachts, boats, trailers, jet skis and all-terrain vehicles (ATVs). Tigershark is headquartered in Waco, Texas, and has sales, servicing and warehousing facilities in Monterey, Mexico. -0- The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Tigershark Enterprises, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the marine and recreation industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Tigershark Enterprises, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. ------------------------------------------------------------------------ Contact: Sitra Enterprises, Inc. Investor Relations, 512/453-3817 E-Mail: tgsk@sitra.com Internet: sitra.com ------------------------------------------------------------------------ More Quotes and News:Tigershark Enterprises Inc (OTC BB:TGSK - news) Related News Categories: banking, retail ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these m