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Non-Tech : Western Oil and Tire Distributors (WOTD) -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (51)	9/17/1998 7:56:00 PM
From: campe	Respond to of 255

Check this out...all this activity and nobody is trading the stock <g> biz.yahoo.com Thursday September 17, 12:53 pm Eastern Time Company Press Release Western Oil & Tire Distributors, Inc. Agrees in Principal to Acquire a Western United States Petroleum Product Distributor KIRKLAND, Wash.--(BUSINESS WIRE)--Sept. 17, 1998-- Petroleum Product Distributor Acquisition In accordance with its strategy and plan to grow by acquiring existing petroleum product distributors and wholesale and retail tire businesses with proven positive operating results, Western Oil & Tire Distributors, Inc. (''WOTD'') announced today that it has reached agreement in principal to acquire a Western United States based petroleum product distributor. The parties have entered into a Letter of Intent which sets forth major terms and conditions of the acquisition and are in the process of conducting due diligence and negotiating other terms and conditions to a final agreement. This fourteen (14) year old business not only would provide WOTD with an established $45 million annual petroleum product revenue base, but also would provide WOTD with a heavily experienced executive level and general management team to direct and operate WOTD's petroleum product division and compliment the Company's growth by acquisition plan. This is the second acquisition candidate signed by the Company. Total sales of both companies are in excess of $48 million. Other Acquisition Opportunities The Company plans to continue negotiations with other acquisition candidates located in Western United States and Canada with a goal of closing 4 to 6 acquisition representing a revenue base of $100 million or more by December 1999. Financing Among other terms and conditions of agreements with business sellers is a provision that closing is subject to financing. The Company's plan is to raise additional capital through private placement or public offerings of the Company's securities. These efforts are on going. Trading Symbol Trading Symbol for the Company is "WOTD" Contacts The following are contacts for further information: Investor Relations: Western Oil & Tire Distributors, Inc. Mike Walker - 888/878-9683, e-mail wotdi@aol.com Investment Professionals: RMJ & Associates, Inc. Peter Bianchi - 281/596-9000, e-mail rmjassoc@swbell.net This release contains forward-looking statements with respect to the results of operations and business of Western Oil & Tire Distributors, Inc. that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. Contact: Western Oil & Tire Distributors, Inc. Mike Walker - 888/878-9683, e-mail wotdi@aol.com or RMJ & Associates, Inc. Peter Bianchi - 281/596-9000, e-mail rmjassoc@swbell.net wotd.net