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Non-Tech : Palweb Corp (PAEB) -- Ignore unavailable to you. Want to Upgrade?

To: Dallas who wrote (1470)	2/4/1999 7:52:00 PM
From: MJB8743	Read Replies (1) \| Respond to of 2512

All this volume must be Kelton covering....:)

To: Dallas who wrote (1470)	2/5/1999 12:18:00 PM
From: Dewars	Read Replies (1) \| Respond to of 2512

Here it is NEWS Cabec Energy Corporation Announces Agreement With PaceCo Financial Services Inc. and Date for Stock Dividend Distribution PR Newswire - February 05, 1999 12:08 DALLAS, Feb. 5 /PRNewswire/ -- Cabec Energy Corporation (OTC Bulletin Board: CBNR) and its subsidiary Plastic Pallet Production Inc., announced today the signing of a consulting agreement with PaceCo Financial Services Inc., of Norman, Oklahoma, wherein PaceCo will take over Plastic Pallet's business and financial management. In regards to business management, PaceCo's new role will include the responsibilities of strategic planning, sales development and corporate restructure. Targeted financial management issues include the evaluation of current financial planning and controls; accounting and auditing assistance; and evaluating sources of funding for future production. PaceCo is also in the process of structuring a time table for completion of Cabec's accounting audits and is in discussion with several investment bankers in having Cabec stock listed on the Nasdaq National Market. With PaceCo's cooperation offered earlier this month, Plastic Pallet Chairman Michael John is enthusiastic about the company's future growth and success. John will remain as Chairman as Cabec and PaceCo work together to develop a new corporate structure including officers and directors of the company. John's additional responsibilities will include research and development; as well as manufacturing and production of the injection molding designs. PaceCo's priorities include the completion of the first pallet mold based on Plastic Pallet's patented design, as well as the completion of the first injection molding equipment. PaceCo will also begin working toward fulfilling Plastic Pallet's already contracted sales of injection molding equipment (previously announced). John is pleased with PaceCo's commitment which will enable the company to overcome production setbacks which occurred in 1998. "With PaceCo's support and direction we now have the resources to quickly move forward and begin looking to future growth and development," said John. Immediate plans for the company, include the announcement of the company's new name, PalWeb Corporation, to be formally released within the near future, as well as details pertaining to the company's progress made in Europe with Vimona A.G. Cabec Energy Corp. Announces Date for Stock Dividend Distribution Cabec Energy Corp. announced the distribution date of a planned stock dividend of all of the issued and outstanding stock of The Union Group, Inc., a Nevada corporation, to all of its stockholders (other than the original shareholder [Michael John] of Cabec's wholly owned subsidiary, Plastic Pallet Production, Inc., and his assigns) as of November 20, 1998. Cabec's attorneys have informed management that the stock certificates necessary for the distribution to stockholders will be printed and in the hands of Cabec's transfer agent, Continental Stock Transfer & Trust Company, by January 28, 1999. As was previously announced, in preparation for this planned stock dividend, all of Cabec's energy related assets and liabilities were transferred to The Union Group, Inc. Ralph Curton, Jr., Cabec's former President and Chairman of the Board, will serve as The Union Group, Inc.'s President, C.E.O., and Chairman of the Board until its first annual meeting of shareholders. Following the distribution of the stock of The Union Group, Inc. to Cabec's stockholders, there will be no continued relationship or affiliation between Cabec Energy Corp. and The Union Group, Inc. (or any of its management). For more information, contact Michael John, Cabec's current President, by telephone at 214-698-8330. Additional information about Cabec may be obtained by accessing Cabec's Internet web site at cabec.com. Information on Plastic Pallet Production, Inc., Cabec's principal subsidiary, may be obtained by accessing its Internet web site at ppplastic.com.