To: Joseph A. Estanich who wrote (4044 ) 7/2/1998 4:18:00 PM From: bob Respond to of 4736
[ Business | US Market | Industry | IPO | S&P | Int'l | PRNews | BizWire | Finance Home ] Wednesday June 24, 9:53 am Eastern Time Company Press Release Key Capital Corporation Announces 504 Offering to Shareholders Will Close Fully Subscribed DALLAS--(BUSINESS WIRE)--June 24, 1998--Key Capital Corporation (OTCBB:KCAP - news) advises that the response to the 504 Offering of Crystal Recovery Systems, Inc. exclusive to Key Capital Corporation shareholders at $1.25 per share has been well received with subscriptions now being received daily. The Offering will close on June 30, 1998 and the Company advises that it has agreement with a Dallas based investor group to subscribe to any outstanding balance of shares in the Offering as at July 7, 1998 which comfortably allows for the mail delivery of subscriptions posted prior to June 30. Company President, Peter Boonen, stated that: ''This really ensures that the Offering will be an outstanding success and will be the forerunner of further exclusive Offerings to Key Capital shareholders. Following completion of the Offering, Crystal Recovery Systems, Inc. will be immediately seeking a public listing of its securities.'' The Company also advises that work on the new laboratory facility in Colorado is now complete and, following completion of the Offering, all the new laboratory equipment will be installed with the facility expected to be operative by August. Crystal Recovery Systems, Inc. has a 50% interest in the world commercialization rights for two cancer treatments which, in earlier past clinical trials on 100 non-treatable or non-responsive human patients achieved an astonishing 41% response with almost no side effects. The Colorado laboratory will be producing the biologic response based treatments for continued testing and further human clinical trials. Key Capital is a management services and investment banking group with interests in the computer service industry, software development, Y2000 solutions, biotech, financial services and environmental waste treatment and management industries. NOTE: The information contained in this release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the company - although given in good faith - are inherently uncertain and actual events or results may differ materially. Contact: Key Capital Corporation Investor Relations: 888/823-5767 or the company website at: www.kcap.net