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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (4520)	6/16/1998 8:27:00 AM
From: Rande Is	Respond to of 8798

Ga Bard appointed MIDL IR: Midland Inc. Announces New Board DENVER--(BUSINESS WIRE)--June 16, 1998--Midland, Inc. (OTC BB:MIDL), today announces the recession of the Arcon Energy, Inc. reverse merger with the resignation of James R. Clark and John Spriggs. In the best interest of Midland, Inc. and the shareholders, Mark Pierce (secretary / SEC attorney for Midland, Inc.) was named President to pursue legal actions against Dan Fisher and his affiliates for fraud and embezzlement. Additional legal counsel has been retained to assist Midland, Inc. with the upcoming litigation in the United States and the Bahamas. The company would like to inform its shareholders that all stop transfers are in full force plus appropriate legal actions are being expediently pursued and the purging of the corporate shell is a vital legal step in the pursuit of recovering damages. Midland, Inc. is presently in friendly negotiations with John Spriggs for the construction of the DF-144 plant upon which John Spriggs' has already agreed to cancel his 50,000 Preferred Series "B" stock thus reducing the total dilution 7,500,000 common shares. Also the company is in continuing acquisition negotiations and possible joint ventures with other corporations with audited assets and revenues. In reference to Midland's current stock structure: 1.) Warrants can be exercised for 1 warrant (MIDLW) plus .50 for one common share (MIDL). 2.) Preferred Series "A" stock 3:2 split for the Shareholders of Record at the close of business on May 29, 1998, the company is presently awaiting the new CUSIP number. Since John Spriggs has resigned and the previous phone numbers are Arcon Energy, Inc., Investor Relations will be handled out of Atlanta by private investor Gary Swancey who has offered his services free of charge. The Board of Directors feels it is in the best interest of the shareholders to accept Mr. Swancey's gracious offer to assist the company during this transition. Mr. Swancey has been in communication with the company almost daily since he became a private investor in October of 1997. He is extremely knowledgeable through his own personal due diligence of the company's history and stock structure. As more corporate matters conclude we shall keep our shareholders informed in a timely matter in the form of news releases. Safe Harbor Act Disclaimer: This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing, third-party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. CONTACT: Midland Inc. Investor Relations Gary Swancey, 770/389-5645