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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Rubin who wrote (1639)	9/4/1998 5:24:00 PM
From: Chuck Rubin	Read Replies (1) \| Respond to of 2011

Further information concerning Mr. Gaddis in this press release from Roger Fullerton: Subject: Westrend Natural Gas, Inc Press Release Date: Fri, 04 Sep 1998 15:58:46 -0500 From: Roger Fullerton <rfull@ix.netcom.com> For Investor Relations Contact: Roger Fullerton Symbol: WRN.V 612-929-7243 U.S. Pink Sheets: WTNG/F September 3, 1998 PRESS RELEASE Mr. Mark Roberts has resigned as President and Director of the Company as of today's date in order to pursue other business ventures. Mr. Howard W. Gaddis, Jr. of San Antonio has been appointed to the Board of Directors of the Company and has also been appointed as the new President in the place and stead of Mr. Roberts. Mr. Gaddis is a practicing attorney in the State of Texas. He has his Masters of Business Administration from the University of Texas, and he is a qualified civil engineer. Westrend management believe that Mr. Gaddis can make a significant contribution to the future development of Westrend by applying his wide ranging expertise in business and corporate law matters, and drawing on his experience in the oil & gas industry. The management of Westrend would like to clarify certain matters with respect to its press release dated June 1, 1998. In that press release, after announcing an agreement wherein a joint venture would be created between Alamo Logging Services Inc. and Hartfield Technical Services, Inc., it was stated that "the new Joint Venture will be operating debt-free..." and "...the new Joint Venture is debt free". There was inconsistency in these two statements and the latter statement was inaccurate in that the Joint Venture was in the process of being established. Also, at the time that this press release was made, Westrend management believed that the Joint Venture would be set up debt free, since Westrend entered into the underlying agreement with Hartfield on this basis. However, based on information provided by Hartfield, management wish to clarify that substantially all of the debts of Alamo Logging, secured against assets of Alamo Logging which became available to the Joint Venture, were paid. Accordingly, the assets of the Joint Venture were substantially debt free at the time the Joint Venture was established. It has also come to management's attention, that UCC lien filings in the United States (with respect to debts that have been paid) against certain of the assets contributed to the Joint Venture have not been released by the lenders. Management has requested that these lenders immediately provide the requisite UCC releases. On behalf of the Board of WESTREND NATURAL GAS, INC. Per: "Stephen Winter" Director THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS OF THIS PRESS RELEASE.

To: Chuck Rubin who wrote (1639)	9/4/1998 6:28:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2011

I don't have the definitive answers to your questions, but I have a suspicion that Mr. Gaddis may be an interim President. Now that doesn't mean that he couldn't wind up being there long-term, but? I wish I could quite simply offer all the answers, but I can't, at the moment. With regards to the statements about Alamo being debt free and operating debt free. I am told that the statements had to be recanted because of the UCC papers not yet being returned and also because there is a small amount still showing as debt liability on the books. Small number, so the recant was about semantics, NOT functional business. Just thought you might be interested. Salut, Leigh McBain PS - Have a great weekend everyone!