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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: tom jones who wrote (111)	6/18/1998 3:07:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 2153

NEWS!! Irwin Boock returned my call. He expects the company will be listed on the AMEX within a couple of months if all goes well. The company is very eager to get off the BB where their shares are being heavily shorted and the AMEX process is well under way. As you can see they just announced a stock buyback program and I saw a number of big block go by on the ask. He tells me the Russian oil company is nicely profitable and that they supply many of the multinationals now drilling and prospecting in Russia. The acquisition appears to be a tremendous coup. Both the common and preferred shares used in the acquisiion will be restricted for at least 2 years. As of today I am a shareholder. Thursday June 18, 2:27 pm Eastern Time Company Press Release Leah Industries Announces Stock Repurchase Program TORONTO--(BUSINESS WIRE)--June 18, 1998--Leah Industries Inc. (NASDAQ BB:LEAH - news) announced today that its board of directors has authorized the repurchase of up to 10% of the common stock outstanding. Commenting on the announcement, Birte Boock, chief executive officer of Leah Industries Inc., stated, ''We believe that our stock is an excellent investment at current levels. Both our revenue and business operations are continuing to grow rapidly and we anticipate achieving record levels of earnings for fiscal 1998.'' The timing and price of any such purchases will be subject to market conditions. Leah Industries Inc., based in Toronto, is a fully integrated manufacturer of windows, doors, and associated products, servicing the international marketplace. -------------------------------------------------------------------------------- Contact: Leah Industries Birte Boock, 416/221-1642 or The Pinnacle Group Mark Cohen, 718/428-7651