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Microcap & Penny Stocks : RMGG -- Ignore unavailable to you. Want to Upgrade?

To: AL RICE who wrote (798)	1/8/1999 1:57:00 PM
From: Vicki G	Respond to of 1170

Sales report from our competitor (note the price info): Wednesday January 6, 5:24 pm Eastern Time FULL TEXT-Imperial Ginseng crop sales (Full text of press release from Canada NewsWire) Imperial Ginseng Products Ltd. announces over 75% of 1998 crop sold VANCOUVER, Jan. 6 /CNW/ - Imperial Ginseng Products Ltd. NASDAQ Trading Symbol: IGPFF VSE Trading Symbol: IGP Imperial Ginseng Products Ltd. (Imperial'') is pleased to announce that it has completed the sale of over 75% of its 1998 ginseng crop. In addition to the sale of its own roots, Imperial also brokered over 110,000 pounds of roots for other growers. At the time of this News Release, ginseng roots price realized by Imperial ranged from $17 to $30 per pound, with an average price of approximately $20 per pound. This average is about 10% higher than the average price realized by Imperial during the same period in the prior year. Similar price increases for fiber and by-products have also been realized by Imperial. Imperial expects to complete its selling activity within the next two months and ship its remaining crop prior to March 31, 1999. Since its inception in 1989, Imperial's business scope and operating activity have accelerated dramatically. Imperial now operates several farms in British Columbia and Ontario and has over 573 acres of North American ginseng, of various ages, under cultivation. Imperial is a world leader in the $3 Billion ginseng industry, combining expertise in specialized horticultural practices, agri-business management and consumer product development and marketing. This press release may contain forward-looking statements that reflect the Company's current expectation regarding future events. The forward- looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including, but not limited to the success of the Company's horticultural operations and the strength of the economies and currencies of Asian countries. Investors should consult the Company's ongoing quarterly filings, annual reports and Form 20-F for additional information on risks and uncertainties relating to these forward-looking statements. The corporation disclaims any obligations to update these forward-looking statements. Imperial trades on the NASDAQ National Market (NMS), under the symbol IGPFF and the Vancouver Stock Exchange Senior Board under the symbol IGP. On behalf of the Board of Directors of Imperial Ginseng Products Ltd. (signed) __________________________________ James S. Chang, MA, MBA, CPA(USA) President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. /For further information: James S. Chang, (604) 689-8863, fax (604) 689-8892/ Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

To: AL RICE who wrote (798)	1/8/1999 7:44:00 PM
From: Bencio Dad	Read Replies (2) \| Respond to of 1170

There was an article in the Washington Post about 2-3 weeks ago about how the Chinese, despite their "willingness" to bring in foreign investors are actually making it very difficult for foreign businesses to operate in China. Sorry, I can't be more specific about either the source or the article, but I just remember feeling sick to my stomach as I read the article while thinking about my RMGG stock. I will try to look up the article in washingtonpost.com to give a more informed response when I can.