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Gold/Mining/Energy : ALTA NATURAL HERBS & SUPPLEMENTS LTD. (AHS-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: KC Jones who wrote (8)	9/28/1998 10:25:00 AM
From: KC Jones	Respond to of 66

FOR: ALTA NATURAL HERBS & SUPPLEMENTS LTD. ASE SYMBOL: AHS SEPTEMBER 28, 1998 Alta Natural Herbs & Supplements: Retail Division Launched, New Staff Hired RICHMOND, BRITISH COLUMBIA--Company President, Adolph Huckschlag, reports that The Company has hired Mr. Piers VanZiffle to head the Company's newly established Retail Division. Mr. Van Ziffle will assume the position of Manager of Retail Operations and will be responsible for executing The Company's vertical integration strategy. Mr. Van Ziffle previously managed the retail health supplement locations of BEA Per Capita Consulting Corporation. In his role as Vice President and General Manager of BEA Mr. VanZiffle occupied the top operational position and was responsible for all aspects of the macro-management of this successful chain. Mr. VanZiffle's appointment is in preparation for The Company's planned entrance into the retail marketplace with locations in Western Canada, initially, and will extend into Central and Eastern Canada before contemplating a U.S. retail presence. The Company reports that it has entered into negotiations with The Hudson's Bay Company to takeover the license agreements for the Vitamin Centre at The Bay. A tentative offer has been received from The Hudson's Bay and is currently being reviewed by The Company's management. Both parties wish to conclude these negotiations within the next two weeks. The initial stage contemplated by The Hudson's Bay's proposal involves assuming six in-store Hudson's Bay locations on or before October 15, 1998. The second stage of this proposal would involve assuming nine additional locations on or before November 24, 1998; with the balance of Hudson's Bay stores to be opened on a schedule agreeable to both parties. On behalf of the Board of Directors Raymond J. Irvine, Vice President of Finance and Corporate Development -30-