Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Howard C. who wrote (8074)	8/10/1998 9:54:00 PM
From: MoneyBaggs	Respond to of 11684

Letter #1 August 3, 1998 Letter to Stockholders: This packet contains copies of wire releases that we have on file. To the best of our knowledge, this includes all information that has been released. Also included in the package are other items of information as it pertains to Mountain Energy, Inc. Mountain Energy, Inc. has asked for, and has been granted, a temporary restraining order, halting the transfer of MTEI's stock by members of the previous management (ICVI), associates and others. Included in the filing was a suit seeking to recover certain damages. Vivian Overstreet has been appointed Public Relations Manager and will devote full time to this duty. If you need further assistance, please contact Vivian Overstreet at 713-334-4111. On the advice of counsel we cannot include a copy of the lawsuit case, Mountain Energy, Inc. vs. John Christensen. The lawsuit is a matter of public record, on file in the Harris County, Texas, CourtHouse. You may obtain copies of the case, #98-33454 by following one or two of the following procedures: 1. If in Houston, go to the 215th Judicial District Court of Harris County, Texas, at 301 Fannin, 6th floor. The file is available for viewing and copies can be made for $1.00 per page. 2. If not in Houston, call the County Court's contracted service at 1-888-545-5577. They will guide you through the necessary steps to obtain a copy. I wish to thank everyone who has given us his or her support. We appreciate it. Jack E. Uselton President and CEO

To: Howard C. who wrote (8074)	8/10/1998 9:55:00 PM
From: MoneyBaggs	Read Replies (1) \| Respond to of 11684

Letter #2 August 3, 1998 Letter to Stockholders: When MTEI opened its offices, June 1, 1998, this company owned certain properties of some value. These properties consist of minerals, and some surface, owned in fee. The value to the company, ascribed to these assets, by management, is based on the price expected, when sold, for extracted minerals. These minerals may consist of coal, coal bed methane, oil, and natural gas. This value is anticipated to be greater, than the value these properties will reflect, when entered on the company's balance sheet. The entry on the balance sheet must be equal to the amount MTEI paid for the properties. Company strategy is to use the value of assets to assure incurred debt, at a ratio of 4 to 1 (25% of asset value), and use the resulting funds for operations. To that end, a respected engineering firm was engaged to determine demonstrable market worth for extractable minerals. Due to existing workload, and/or other progress was not at a pace MTEI deemed consistent with its establised time frame, after more than a month of effort. With due consideration, MTEI and the firm of engineers, mutually agreed, without recrimination, that the interests of each party would be best served by cancellation of the letter of engangement and ending the association. An MTEI staff member was dispatched to West Virginia, where the properties are located, and interviewed other engineering firms. The result of those interviews, and other communications, is an agreement in principal with Dunn Engineers, of Charleston, West Virginia. A contract has been completed and is in place by end of business, this date. We expect and it has been agreed that, evaluation will begin immediately. MTEI is concerned that the process be expedient. Delayed operational funding could be detrimental to Mountain Energy's goal of acquiring properties during the current low cycle the energy sector is experiencing. Contact: Vivian Overstreet Public Relations Manager