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To: Scott Kelly who wrote (578)	5/4/1998 11:07:00 AM
From: John Johnston	Respond to of 753

Nerox Energy Corp. to Change Its Corporate Name; Reverse-Splits Its Stock as Part of Its New Identity Business Wire - April 20, 1998 13:32 %NEROX-ENERGY NROX %CALIFORNIA %ALASKA %ENERGY %OIL %GAS %MINING %METALS V%BW P%BW -------------------------------------------------------------------------------- IRVINE, Calif.--(BUSINESS WIRE)--April 20, 1998--Nerox Energy Corp. (OTC BB:NROX), announced that it will reverse-split its common stock at a ratio of 10 to 1, plus will change its name to Nerox Holding Corp., subject to SEC approval. The effective date of this change is expected to be on or before May 15, 1998. Jack Utter, chairman and president, commented: "We decided to take these actions to more closely identify with our new company mission to be a more diversified company and to provide more favorable access to the financial markets to the benefit of our shareholders. We are reviewing several acquisitions and are actively seeking other companies that wish to take advantage of being part of a public company." Nerox Holding Corp. is an emerging growth holding company whose holdings include interests in oil and natural gas, coal and power plant development. The company is currently working on the development and marketing of the largest accessible high-grade bituminous coal reserve 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 earnings, and all other forward-looking statements are 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 Corp. Jack Utter, 714/955-9136 or M&A West, Inc. Scott Kelly, 650/588-2678