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Microcap & Penny Stocks : EDII -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (1109)	6/15/1998 10:54:00 AM
From: WVMayor	Read Replies (1) \| Respond to of 2849

NEWS OUT! ---------------- Monday June 15, 10:31 am Eastern Time Company Press Release Energy Drilling Industries Inc. Wholly Owned Subsidiaries, Brenham Oil & Gas Inc. and Texas Real Estate Enterprises Inc. Acquire Properties and Minerals KEMAH, Texas--(BUSINESS WIRE)--June 15, 1998--Energy Drilling Industries Inc. (OTCBB:EDII - news) announced today its wholly owned subsidiary, Brenham Oil & Gas Inc. signed an agreement to acquire more oil and gas royalties in the Eberle Field in Brenham, Texas. The mineral royalties are being purchased with restricted shares of EDII common stock. The royalties are free and clear of any encumbrances. Also, its wholly owned subsidiary, Texas Real Estate Enterprises Inc. acquired two properties; (1) approximately 740 acres in Chambers County and (2) approximately 25 acres in Harris County, Texas. Both properties were acquired for restricted shares of EDII common stock and cash. Both are free and clear of any encumbrances. The company's previously announced acquisitions are being finalized. Energy Drilling Industries Inc. has five divisions: industrial, financial, oil and gas, real estate and entertainment. Energy Drilling Industries Inc. assists its subsidiaries vertically, to build each division in its own field. Contact: Investors Relations Growth International, 718/951-0260

To: Jim B who wrote (1109)	6/15/1998 10:59:00 AM
From: thomas oakley	Read Replies (3) \| Respond to of 2849

you guys have got to be kidding. All this talk about news and stuff. Its the job of the IR people to make you think something is happening. Actually I always get worried when the IR guys are really hyping a stock I own(especially in the BB) That usually means they are trying to dump reg s shares on the market. And why are we continuing to use 7 mil as the number of shares in the float? We all know there is a much larger number of shares out there. We need to be realistic in our projections. Otherwise how are we going to make an informed decision regarding our stock. I hope this stock goes to $20 tommorow-----but we really need to stop kidding ourselves.