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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: macker who wrote (986)5/20/1998 11:15:00 PM
From: T L Comiskey  Read Replies (1) | Respond to of 11850
 
Gang...To All...please be careful voicing where you " THINK" this one is going...people get caught in the rush for the door...this could turn...so each and every one...watch...and feel your way here..good luck to all t



To: macker who wrote (986)5/20/1998 11:17:00 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 11850
 
They won't quit! my feet are killin me, been here since 0545



To: macker who wrote (986)5/21/1998 7:02:00 AM
From: Just-a-thought  Read Replies (1) | Respond to of 11850
 
usiness Wire INTERNATIONAL CASINO CRUISES, INC. ANNOUNCES ACQUISITION OF
MOUNTAIN ENERGY BUSINESS EDITORS
------------------------------------------------------------------------

HOUSTON--(BUSINESS WIRE)--May 21, 1998--International Casino
Cruises, Inc. (OTC BB:ICVI.O) announced today it has acquired 100% of
Mountain Energy, an oil and gas concern based in Houston, Texas.
The acquisition by ICCI will be paid with 50,000,000 restricted
common shares only.
Mountain Energy owns and controls the mineral rights in West
Virginia that contain approximately 1.98 billion cubic feet of gas and
10,000,000 tons of coal, as well as other properties that all
combined, have an estimated fair market value in excess of
$200,000,000 with approximately 70,000,000 shares outstanding after
the acquisition. This translates to approximately $2.85 per share.
The paperwork will be filed immediately to change the corporate
name to Mountain Energy, Inc. Mr. Jack Uselton has been named Chairman
and Chief Executive Officer.
Learn more by contacting International Casino Cruises, Inc. at
1701 Brun Street, Suite 100, Houston, Texas 77019.

--30--ik/sf* smm/sf

CONTACT: International Casino Cruises, Inc.
Joe Gort, 800/716-5147
George Guttman, 718/951-0260

KEYWORD: TEXAS WEST VIRGINIA
INDUSTRY KEYWORD: ENTERTAINMENT ENERGY OIL/GAS MERGERS/ACQ

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