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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (53)	1/4/1999 9:26:00 PM
From: Sapper MSG	Read Replies (1) \| Respond to of 4766

PRESS RELEASE - January 4, 1999 MICRO CAP COMPANY LITIGATING AGAINST NATION'S THIRD LARGEST BANK FOR UNAUTHORIZED TRADING OF CORPORATE SECURITIES AFRICAN RESOURCES, INC. (AFRI) - a natural resource development company - with gold and diamond concessions located in the Republic of Guinea and gold mining operations in the State of Arizona - announced today, that it is preparing legal action against Chase Manhattan Bank - the nation's third largest bank - for sustained damages as a result of unauthorized trading of the company's securities. On April 28, 1998, the company alleges that Chase Manhattan Bank engaged in unauthorized trading of 1,000,000 common shares of AFRI - wherein the bank's securities division sold the stock into the open market within a 30 minute period - and depressed the trading value of the shares from $0.60/share to $0.01/share. At the time of the incident, the Company's tradable float was less than 600,000 common shares. The unauthorized traded shares had been entrusted to a credit facilitator that agreed to maintain the shares in escrow at Chase Manhattan Bank. The Bank allegedly executed the trade without receiving authorization from the account holder, Chase Manhattan Bank executives have failed to return the shares to the account holder, in spite of demands and refusal by the account holder to access the proceeds placed in the account from the sale of the 1,000,000 shares. Over 200 pages of supportive documentation, which the company and account holder believe clearly establishes the facts of this unauthorized transaction, have been reported to the Securities Exchange Commission. The account holder has made a formal demand for the return of the 1,000,000 shares. In the event of non - compliance by Chase Manhattan Bank, the account holder's attorneys intend to seek immediate relief from National Association of Securities Dealers (NASD) arbitration and the initiation of law suit against Chase Manhattan Bank. FYI Sapper