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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fischofer who wrote (50)	5/10/1998 12:38:00 PM
From: Pirate	Read Replies (1) \| Respond to of 3383

The web site lists a lot of backgrounds.... mostly people in racing? Has anyone seen any news of this company in any of the major newspapers, magazines, auto mags, etc. I caught news of this on another thread. If there's really no wide distribution of the news yet, seems like the stock may have a way to go when it breaks? <copy> Los Angeles, Ca. - March 6,1998 NEWS BREAK Engine Industry Icons Join AET Advanced Engine Technologies, Inc. a publicly traded Colorado Corporation (stock symbol AENG) is pleased to announce the successful demonstration of the OX2 Engine at the Headquarters of Carroll Shelby Enterprises in Gardena, Ca. last week. The OX2 Engine having less than thirty parts with only three major moving parts was hailed by those present as the first real breakthrough in internal combustion engine design since the introduction of the Otto Four Cycle Engine some One Hundred and Thirty years ago. The success of this demonstration has lead to the following engine experts and industry leaders joining AET, believing that the OX2 Engine will revolutionize the engine industry, becoming the engine for the 21st Century Mr. Carroll Shelby, the world famous designer of many high performance automobiles including the Shelby Cobra and advisor to the automotive industry, has joined AET as a shareholder and advisor to the Board of Directors. Mr. Holly Hedrich, a pioneer of drag racing and Bonniville Salt Flats Land Speed Record breaking with over fifty years experience in the development of high performance automotive engines, has joined AET as a company shareholder and advisor to the Board of Directors. Mr. Bobby Allison, the famous NASCAR driver, Champions of Champions, has joined AET as a shareholder and advisor to the Board of Directors. Mr. Bob Teague of Teague Custom Marine, a leader in offshore powerboat racing and developer of high performance Marine Engines, has joined AET as a shareholder and advisor to the Board of Directors, assisting with the introduction of the OX2 Engine to the Marine Industry. Mr. Eddie Lawson, Four Time 500cc Motorcycle World Champion, has joined AET as a shareholder and advisor to the Board of Directors, assisting with the introduction of the OX2 Engine to the Motorcycle Industry. Mr. Carroll Shelby has provided AET with the facilities of Carroll Shelby Enterprises as a permanent base for the ongoing introduction of the OX2 Engine. On March 9th, 1998, AET will begin a tour across the country to introduce the OX2 Engine to interested engine manufacturers, demonstrating the suitability of the OX2 Engine to a wide variety of applications, establishing the OX2 as the most versatile engine ever developed. AET is set to become a rising star in a commercial world that has been long awaiting an innovative answer to what is recognized as a world wide problem, the need for a new type of internal combustion engine. For further information visit the AET Web Site at www.oxtwo.com. </copy>

To: Bill Fischofer who wrote (50)	5/11/1998 5:01:00 PM
From: Greg Cummings	Read Replies (4) \| Respond to of 3383

Prepare for a lengthy note. Here's my answer to a few questions by different individuals.............. The OX2 engine was invented by Steve Manthey of Australia. Most of the work was done in his garage. Steve didn't graduate from high school, but there's no question about him being a mechanical genius. Steve has entirely rebuilt the internal combustion engine from the ground up. He didn't start with the existing internal combustion engine and attempt to improve a particular aspect, he started from the beginning. Steve could care less about publicity. Isn't it refreshing that not everyone is an ego maniac? Until recently, Steve was a guy of little money, just happy to be in this garage doing what he does best, inventing. If it weren't for the pressure from others and the fact that he was needed to demonstrate the intricacies of the engine, he'd be messing around in this garage now. An American guy named David Travis heard about Steve. Travis founded and funded AENG. Travis also knew Murray Bailey of Australia. As the time requirements for those involved with AENG increased, Travis was unable to commit the time and passed the company to Murray Bailey. Murray is now the CEO of AENG and the company's ONLY paid employee (I'll get to that in a minute). Murray is very knowledgeable about engines and probably THE BEST man to have at the front of AENG. If Murray was the CEO of a company selling ice to Eskimos, there's no question, I'd buy stock! He's a very brilliant guy with a very outgoing personality. He can open doors like no one I've ever witnessed. He's the Iacocca of AENG. That comparison may sound ludicrous, but keep an eye on AENG and you'll see what I mean. AENG is not a R&D company. They're not a manufacturer. Their hope isn't to "someday" have an engine to sell to the public. THEY HAVE THE ENGINE ALREADY DEVELOPED AND THEY'RE NEGOTIATING DEALS. I'm aware that this sounds crazy, but AENG will probably never need more than 2 or 3 employees and a small clerical staff. I expect they'll have more than their share of legal fees, but contracts require attorneys.....a necessary evil. This company has a novel idea, in comparison to most small companies that have just come public...........to pass the wealth on to its shareholders. WOW! While most companies are filled with over paid executives, that's not the intent with AENG. Where's the need? AENG will license the rights to the engine and collect royalties. That's it! The potential profitability of this company is vast! Someone else will do the R&D(if they want to modify the engine for their application) and the manufacturing. We just license the engine out. Regarding the need for independent testing of the OX2. Go back and look at the list of companies where AENG has demonstrated their engine. These are some of the sharpest minds in the ENGINE WORLD. Don't you think they could spot a fraud or do you assume it's easy to deceive NASA, the DOD, Caterpillar, Mercury Marine, Outboard Marine, Briggs and Stratton, Unique Mobility, Carroll Shelby, Holly Hendrich, Bobby Allison, Bob Teague and Eddie Lawson? Did these guys just graduate from high school engineering class? Do we need to find someone really impressive to show the engine too? GIVE ME A BREAK!! These guys could spot a fraud from a mile away. But instead of calling it a fraud, they've given their approval to post their names on AENG's web site. Am I missing something? Caterpillar has requested AENG go to the University of Wisconsin to test it's "gages." AENG will comply with this request near the end of this month. Once complete, Caterpillar wants AENG back in its offices. Quite simply..........their blown away! Generally speaking, outside evaluations are completed so they can open doors for your company and your product. So you can say, look what I have and it's been independently evaluated. Once the doors are opened, these evaluations have less and less significance. The people inside these doors are the real experts. There are approx 21.6 million share outstanding. 2.5 million in the float (a revised figure), 15 million owned by the inventor and his investment partner. 4 million owned by other engineers who've worked on this project, the CEO, finance people, etc. AENG has no debt and approx $600K in the bank. There's presently an audit underway and this should result in SEC filings. The skeptics have absolutely no basis for their skepticism, just that it looks too good to be true. That's not much of a basis! This is not a case of, "If it looks too good to be true, it probably is." This is a case of, "It looks to good to be true and it is true"! Best of Luck, Greg