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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (542)	10/12/1998 1:49:00 PM
From: RLM	Respond to of 2153

Thanx for the clarification.

To: Andrew H who wrote (542)	10/12/1998 1:51:00 PM
From: R.E.B.	Read Replies (1) \| Respond to of 2153

LEAH NEWS !!!! LEAH INDUSTRIES, INC. ANNOUNCES STOCK DIVIDEND OF SUBSIDIARY TORONTO & SAN ANTONIO--(BUSINESSWIRE)--October 12, 1998--LEAH INDUSTRIES, INC., (OTC BB:LEAH) today announces its intention to issue a stock dividend of its newly formed subsidiary, FIRE ENVIRONMENTAL, INC. to its shareholders. Fire Environmental, Inc. was recently formed for the express purpose of handling oil and environmental cleanup projects in Azerbaijan, Kazakhstan and the surrounding region. The potential market for environmental cleanup projects in the oil rich Caspian Sea region is expected to exceed $1 Billion over the next ten years. Leah, through Fire Environmental, Inc., has already executed an exclusive letter of intent, is in contract negotiations, and expects to capture a significant portion of the environmental services market in the region. Additionally, Leah Industries, Inc. is pleased to announce that preliminary reports in advance of audited results show that its subsidiary, SibMach Fond, has proven oil reserves in excess of 350 million barrels that are currently unbooked. Commenting on the progress of the company, Birte Boock, CEO of Leah Industries, Inc., stated, "we are pleased to report the formation of Fire Environmental, Inc. to channel the focus and management of environmental cleanup projects for Azerbaijan, Kazakhstan and the Caspian Sea region. The dividend of the shares of Fire Environmental, Inc. to the shareholders of LEAH and the preliminary reports of the proven oil reserves of SibMach Fond, reflect the company's continued efforts in enhancing shareholder value." Leah Industries, Inc. with offices in Toronto, Ontario and San Antonio, Texas, is a fully intergrated manufacurer of windows, doors and associated products in addition to expanding services in oil production, oil equipment and environmental cleaup services for the international marketplace. Certain statements contained herein are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the potential versus actual market for environmental cleanup services, the preliminary versus audited proven oil reserves and their impact on the balance sheet of Leah Industries, Inc., and the letter of intent versus the final negotiated contract(s) for environmental cleanup services in Azerbaijan, Kazakstan and the region. Contact: Leah Industries, Inc. Birte Boock (416) 221-1642 Robert E. Barger (210) 375-1335