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Microcap & Penny Stocks : IRAE - Another sucker fish ??? -- Ignore unavailable to you. Want to Upgrade?

To: AZBAMBI who wrote (113)	5/19/1998 9:47:00 AM
From: wombat	Read Replies (1) \| Respond to of 162

this press release for starters... FGBC is in the process of finalizing their "BUYOUT" of North American Resorts Inc. (OTC Bulletin Board:NIAR), still subject to shareholder approval. Monday June 2 11:03 AM EDT Company Press Release Source: Florida Gift Basket Corporation Florida Gift Basket Announces Acquired Production Rights ORLANDO, Fla., June 2 /PRNewswire/ -- Florida Gift Basket Corporation (OTC Bulletin Board:FGBC) announced today they have acquired the production rights to several television and movie projects from St. Anthony Entertainment, Inc. Joey DiFrancesco, CEO of St. Anthony Entertainment, will become CEO. Mr. DiFrancesco stated, ''We intend to change the name of the Company to International Resorts and Entertainment Group, Inc.'' The new direction of the Company will be the development of vacation club resorts and the production of television and movie projects. FGBC is in the process of finalizing their buyout of North American Resorts Inc. (OTC Bulletin Board:NIAR), still subject to shareholder approval. SOURCE: Florida Gift Basket Corporation Contact: H.C. Stone & Associates, Investor Relations, 407-869-8447