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Microcap & Penny Stocks : AWM.C AWMSF (BB) Airworks Media. -- Ignore unavailable to you. Want to Upgrade?


To: Just Wayne who wrote (116)6/19/1998 2:10:00 PM
From: Just Wayne  Read Replies (2) | Respond to of 150
 
Thursday June 18, 1998

AirWorks Media Incorporate
AWM Alberta Stock Exchange

AirWorks Advises of Interim Cease Trade

and

Pursuit of Settlement Possibilities in the Goede Litigation

EDMONTON, ALBERTA, CANADA, June 18, 1998 -- AirWorks Media Incorporated (AirWorks) advises that the Alberta Securities Commission has issued an interim cease trade of AirWorks' shares pending receipt of December 31, 1997 audited financial statements. AirWorks anticipates to have the statements filed before the end of June, after which the order should be lifted. Unaudited March 31, 1998 financial statements have been filed with both the Alberta Securities Commission and the Alberta Stock Exchange.

In other matters, Cheryl Knebel, Chairman and CEO of AirWorks, advises that with respect to the Goede litigation, the parties have agreed to adjourn pending court applications so as to pursue settlement possibilities.

-30-

The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

For more information, contact:

Cheryl M. Knebel, FCA
Chairman & CEO

AirWorks Media Incorporated
450 Midland Walwyn Tower
Edmonton Centre
Edmonton, AB Canada
T5J 2Z2

PH: (403) 424-9922
FX: (403) 424-9993
E-mail: cknebel@airworks.com