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Microcap & Penny Stocks : MTEI - Mountain Energy - Info Only -- Ignore unavailable to you. Want to Upgrade?


To: Mike Ankley who wrote (18)6/10/1998 4:18:00 PM
From: Tod C  Read Replies (2) | Respond to of 52
 
Response to Stock Detective's rating on ICVI.
SD was very irresponsible in their research.

techstocks.com



To: Mike Ankley who wrote (18)6/11/1998 1:01:00 AM
From: Tod C  Read Replies (1) | Respond to of 52
 
Thursday May 21, 6:04 am Eastern Time

Company Press Release

International Casino Cruises, Inc. Announces Acquisition of Mountain Energy

HOUSTON--(BUSINESS WIRE)--May 21, 1998--International Casino Cruises, Inc. (OTC BB:ICVI - news) 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.

Contact:

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



To: Mike Ankley who wrote (18)6/11/1998 10:47:00 AM
From: Mike Ankley  Read Replies (2) | Respond to of 52
 
Repost from Shaun on MTEI (reply 200): Sulfur content: low ... STAGG engineering performing evaluation

****Just SPoke with JAck and others-Read ME!

Ok people, I had placed a call to ME this morning asking about if the coal in WV was low or high sulphur content. Told them I had heard it was high content but their press release stated low content. They (and I do mean they) called me back on speaker phone with Jack, George Winston and I think a MR. Overstreet (is that right?) on the line. They are PISSED OFF about all the false info out there! Jack's words were "This is some of the best coal in the country! Low sulphur, low ash content and high BTU! I'm tired of the bunch of dumb son's of bitches and the information being spread out there!"
He then went on the spend about 20 minutes telling me the history of oil/gas/coal in WV--it is huge!!!!! He said he has been in 97 countries, grew up in oil field of OK, and knows what he is doing! Not to mention his team with him. He gave examples of fields in Canugua County (where they are) and how some of these have produced 18 millions barrels, 66+ billion ft. of gas (I guess that is how it's measured), and on and on and on. Wish I could have taken more notes but he was moving!!

STAGG engineering is doing the researching and evaluating of their holdings right now. I will call and report back what I hear from STAGG--they are top notch! They were back logged from the first aquisition--now even more so--that's why no detail in the first press release. IT will come--don't ask me when--have some patience. These guys were all chiming in in the background and are doing some serious work here!

They DID apply for the new CUSIP #--just confirming what we've been told.

Once again I'm long winded--but if you could have been in on that call...heh heh

Be patient

Shaun