To: Troll who wrote (10268 ) 12/1/1998 10:48:00 AM From: Due Diligence Respond to of 25711
AREE news: (PR Wires) DJ: Arete Industries Retains Financial PR & Investor Relatio DJ: Arete Industries Retains Financial PR & Investor Relations Specialist BOULDER, Colo.--(BUSINESS WIRE)--Dec. 1, 1998--Arete Industries Inc. (OTC BB:AREE) Tuesday reported that it has retained Stock Enterprises to manage its company's shareholder and public relations activities. Stock Enterprises, based in Las Vegas, specializes in developing financial media support within the brokerage and investor community for quality undervalued and relatively unknown publicly traded companies. James Stock, president of Stock Enterprises, commented: "I have recently met with management and toured their facilities, and am convinced that Arete Industries, with the strong leadership of its CEO and President Thomas P. Raabe, is a unique public entity worthy of investor consideration. "Risk-oriented investors looking for ground-level situations with substantial upside potential should find Arete very attractive," Stock concluded. Earlier this year, Raabe and Chief Financial Officer Fred Boethling assumed control of the company -- then known as Travis Industries -- and have been putting the firm under an aggressive restructuring program. Arete Industries is actively seeking strategic alliances and sources of new capital. Arete Industries owns and operates a full-service commercial printing and direct-mail advertising business, which operates in a 15,000-square-foot facility in Council Bluffs, Iowa. In addition, it has a jointly owned subsidiary, Aggression Sports Inc. (ASI), which expects to initiate operations in the extreme and outdoor sports industry early in the new year and holds much promise. The company's stock ticker symbol is AREE. The company is current in its financial reports and has filed its Form 10Q Quarterly Report for the period ended Sept. 30, 1998. For further information and/or to be placed on the company's news and information list, contact James Stock at 702/837-6125 ext. 124 or 127, or via fax at 702/837-6135. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with repect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Stock Enterprises, Las Vegas James Stock, 702/837-6125 ext. 124 or 127 fax: 702/837-6135 10:00 EST DECEMBER 1, 1998 *** end of story ***