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To: S. Peterkin who wrote (2710)	9/18/1998 10:40:00 AM
From: melinda abplanalp	Read Replies (1) \| Respond to of 7609

Thanks...!!! Nu Oasis?? Melinda Friday September 18, 8:28 am Eastern Time Company Press Release NuOasis Resorts and Flexweight Execute Definitive Agreement NEWPORT BEACH, Calif. & WENDOVER, Nev.--(BUSINESS WIRE)--Sept. 18, 1998--NuOasis Resorts, Inc. (OTC BB:NUOA - news) and Flexweight Corporation (OTC BB:FXWA - news) jointly announced today that a definitive agreement was signed, related to the letter of intent which was previously executed between the two companies, to combine Flexweight with the international hotel and casino gaming businesses owned by NuOasis International, Inc., a wholly-owned subsidiary of NUOA. The transaction, which will result in a consolidation of Flexweight's U.S. gaming and resort hotel management plans with the NuOasis and Cleopatra-themed hotel and casino assets of NuOasis International, is expected to close before the end of the month. Flexweight representatives said the company and NUOA management are currently discussing the purchase of one or possibly two Nevada casinos, and that the company is on track to hold a shareholders meeting and effect its reincorporation and name change by mid-October. Fred Luke, president and chairman of NuOasis Resorts, stated that NuOasis International is also in the process of negotiating the purchase of at least one additional hotel property located on the eastern coast of Spain. Luke further commented that early stage discussions, which have taken place on the formation of a lending syndicate between a number of European banks, could lead to a credit facility being established to finance NuOasis International's current prospects as well as its future hotel and casino acquisitions. NuOasis Resorts, Inc. is a leisure and entertainment holding company with operations, conducted through subsidiaries, in international gaming and hotel management, food manufacturing, and development-stage commercial real estate. Note: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the Company's business and relevant risk factors may wish to review the Company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent Annual Report on Form 10-K/SB and Quarterly Report on Form 10-QSB. Contact: OTC Financial Network Mario "Ike" Iacoviello, (888) 356-2390 ike@otcfn.com More Quotes and News: NuOasis Resorts Inc (OTC BB:NUOA - news) Related News Categories: entertainment, gambling, leisure/travel Help Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or