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To: Gary Payton who wrote (3249)	6/8/1998 11:08:00 AM
From: Jack of All Trades	Respond to of 8798

MDEX Friday June 5, 2:33 pm Eastern Time Company Press Release Wall Street West Issues Research Report on Mercristo Development Inc. TORONTO, Canada--(BUSINESS WIRE)--June 5, 1998--Mercristo Development Inc. (OTC-BB:MDEX - news) announced today that a research report has been issued by Wall Street West Communications LLC, a Denver-based stock research firm. The research report profiles Mercristo as a solid buy to the $5 to $6 area. Daryn P. Fleming, president of Wall Street West, stated: ''Mercristo is seriously undervalued. We have a rapidly growing, profitable company here that has solid assets, and for January 31, 1998, recorded a .035 per share profit based on approximately 17 million shares issued.'' MDEX recently announced that it is working to acquire Harding Carpets of Canada Ltd. Harding is a company that projects $35 million in revenues for 1998. MDEX's principal business is the breeding and maintenance of Straight Egyptian Arabian horses. Straight Egyptian Arabian horses are the finest and rarest of Arabian horses in the world. Out of a total worldwide horse population of 100 million, only 6,000 are Straight Egyptian Arabian horses. The company is currently attempting to bring further value to shareholders by aggressively seeking acquisitions which will enable the company to diversify into other industries. The MDEX research report can be obtained on the World Wide Web at wallstreetwest.com. A hard copy can be obtained by calling 1-303-465-6097. Contact: Diversified Marketing Concepts LLC, Arvada, Colo. 303/465-6097 More Quotes and News: Mercristo Developments Inc (OTC BB:MDEX - news) Related News Categories: retail