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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



To: Joseph A. Estanich who wrote (4044)7/2/1998 4:23:00 PM
From: Hunter Vann  Respond to of 4736
 
I was aware a couple months back. Here's the official release in May

Appointment of President - To guide the company and manage it, through its growth and expansion
phase, the company has appointed Peter J. Boonen as its President and C.E.O. Aged 49 years,
Boonen has over 16 years experience in investment banking, being responsible for many mergers,
acquisitions, financings and public listings in both Australia and North America. Boonen has also
been a substantial property developer over the last 20 years, generally in the commercial and tourism
sectors. Boonen's off shore based investment banking interests provide advisory and investment
banking services to emerging and development stage companies. The company interest in Eagle
Environmental Technologies, Inc. and Crystal Recovery Systems, Inc. were acquired from interests
associated with Boonen. Boonen is also the President and C.E.O. of Crystal Recovery Systems,
Inc.



To: Joseph A. Estanich who wrote (4044)7/6/1998 4:21:00 PM
From: Bisset  Respond to of 4736
 
Joe, the difference is that this time he didn't do business with a guy named Brutus.

Et tu, Stamm...

BB/JS

Subject 21388