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

To: Turboe who wrote (1278)	6/16/1998 3:14:00 PM
From: G. Stone	Read Replies (1) \| Respond to of 2849

Per the following press release he is not. Energy Drilling Industries, Inc. Announces the Closing of 3 Acquisitions and the Appointment of B.D.O. Seidman as the New Auditors of the Company BusinessWire, Monday, January 26, 1998 at 13:15 HOUSTON--(BUSINESS WIRE)--Jan. 26, 1998--Energy Drilling Industries, Inc. (OTCBB:EDII) announced today the closing of all previously announced acquisitions of Brenham Oil & Gas, Inc., Texas Real Estate Enterprises, Inc. and G.C.A., Inc. The Company issued only restricted shares for these acquisitions and the acquired companies are debt free. John Christensen resigned as President and Director of the Company to pursue other investment opportunities and Daniel Dror was appointed President of the Company. EDII further announced the appointment of B.D.O. Seidman as the new auditors of the Company replacing Peat Marwick as previous auditors. When the audit for December 31, 1997 is complete, the company plans to become fully reporting. Learn more by contacting Energy Drilling Industries, Inc. at 1701 Brun Street, Suite 100, Houston, Texas 77019. Tel: 713/522-6116 Fax: 713/520-6512. CONTACT: Energy Drilling Industries Inc., Houston Joe Gort, 800/778-9204 or George Guttman, 212/293-9034