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To: Andrew H who wrote (309)	5/26/1998 2:02:00 PM
From: Norm Magic	Read Replies (1) \| Respond to of 8798

APTX News out.. --------------------------------------- Tuesday May 26, 1:18 pm Eastern Time Company Press Release Apparel Technologies, Inc. Terminates Investment Banking Relationship With First Fidelity Capital, Inc. COMMERCE, Calif.--(BUSINESS WIRE)--May 26, 1998--APPAREL TECHNOLOGIES, INC. (NASDAQ:APTX - news) announced today that it has terminated its investment banking relationship with First Fidelity Capital, Inc. The Company's Board of Directors unanimously elected to terminate the relationship as a result of serious breaches by First Fidelity of its agreement with APTX, including its failure to honor funding commitments at the times and in the amounts agreed to be provided by First Fidelity, dissemination of confidential non-public information to third parties, and conflicts of interest resulting from its representation of other investors. The investment banking relationship was originally entered into in April 1997 by the Company's former management under what was to be a five year exclusive agreement. According to Kathryn Van Ness, the Company's President and Chief Executive Officer: ''Our revenues for March and April 1998 exceeded the Company's revenues for the prior six months ended February 28, 1998, as a result of the commencement of digital production activity in March. However, the recent delay in funding has impacted the Company's production activity in May 1998. We expect that the $2.0 million debt financing concluded last week will allow APTX to resume its growth.'' The Company is presently engaged in discussions with third parties to obtain new sources of working capital, which may include debt and equity financings, joint ventures and licensing arrangements. Apparel Technologies, Inc. provides advanced proprietary technology for digital fabric printing, manufactures apparel for leading national retailers and designs and installs state-of-the-art retail fixtures. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties which may affect Apparel Technologies, Inc.'s business and prospects and cause actual results to differ materially from these forward-looking statements. Contact: Kathryn Van Ness President & CEO (213) 725-4955

To: Andrew H who wrote (309)	5/26/1998 2:48:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 8798

Andrew, while your postings re: MIDLW are so obvious, I do not know the answer to your question. If the news that you claim to be true is not anywhere on the newswire, then I cannot verify. Funny that you are so concerned about this company when you weren't about MINE, a company that the SEC has brought charges against. Regardless, I stated yesterday that I share DD that I or others do, so in that spirit, to help you get caught up on MIDL...ramifications particularly in California are very significant. You will find that Ga Bard is very up on this stock. He is holding it for a long term play and has been for a long time. If you REALLY want to know the answer, then he can tell you about it, I am sure. MIDL is being purchased because of their superb fuel product that is now offcially being tested by Texaco. THIS IS WHY MIDL is being bought now: Exxon intends to test the DF-144 in their Research and Development Laboratories in Baton Rouge, La. Under a mutually acceptable confidentiality agreement, Arcon has agreed to provide Exxon with the necessary material to test DF-144. Exxon has agreed to furnish all test results provided both parties remain confidential at this time with any test data. Currently Exxon's attorney is drafting an agreement for Arcon's approval and signature. DF-144 is now registered with the EPA as required by law. On behalf of Arcon Energy, Maverick Engineering will provide all necessary MSDS data sheets and has been contracted to design and supervise the construction of Arcon's new plant. John H. Spriggs, C.O.O. of Arcon Energy, stated, "It is extraordinary that a major Fortune 500 Company agrees to test the product of a small, undiscovered company such as Arcon Energy. Due to the complication of the ethanol industry, particularly in Calif., DF-144 is attracting nationwide attention."

To: Andrew H who wrote (309)	5/26/1998 2:54:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 8798

ANDREW, here is even more info on MIDL by the master, Ga Bard, the most long term BB stock investor I have ever met...and that is a big compliment. He finds stocks that are "can't miss" long term and he is very good. THERE IS LOTS MORE HEAVY DD if you check the 3 threads and endless posts. Started By: Ga Bard Date: May 21 1998 8:13PM ET Here we have a stock that has gone through every possible black eye that can be imagined. It has it all ... Then Boom along comes DF- 144. A special non Ether based Octane Booster to an industry fraught with complications and desperate for alternative to the growing problem of EPA concerns. For DD start at the first post of this thread and read everything is there and the first few hundred posts are mostly DD . Subject 19230 News ReleaseS: biz.yahoo.com Share Count as best as I can figure out as of the last filing: Here are the totals for calculating fully diluted shares from the 8-K plus the last transaction for Arcon minus the returned shares of New Departure: 2,575,217 Common ( 1.6M insiders / 975,217 Free trading. ) 4,108,860 Dilution from Series A ( 117,396 ) 54K in MILDP Float 22,350,000 Dilution from Series B ( 149,000 issued to date ) ---------- 29,034,077 fully diluted common shares as of today MIDLP = preferred 'A' the other 63,396 are held by the company which are restricted for another year and 6 months before be able to convert. The 'B' are all insiders and have a 2 yr restriction before they can be converted (self imposed) THEN another 2 yr restriction before they can be traded after that. Again insiders and SEC rules and regulations apply. MIDLW are warrants that allows the holders to exercise I guess at anytime to purchase 1 share of common stock for 1 dollar, expiration 2001; Target - $2.50 or higher for ten trading days; After target is met company can recall all warrants for .05 cents I believe. ** Ok the last news release changed the exercise price from $1.00 to $0.50 ** So in Oct of 1998 this year the MIDL float will dilute to the 2,575,217 plus 1,890,000 (54x35 MIDLP) = 4,465,217 minus the insiders 1,600,000 = 2,865,217 free trading float. No other dilution I know of till Oct 1999 which is where the other 63,396 preferred A converts which will dilute another 2,218860 making the float 6,684,077minus insiders 1.6M = 5,084,077 Free Trading in OCT 1999. This stock has unlimited potential and now about to gain public recogniton which is all it lacks. Ga Bard