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To: Ray Tarke who wrote (894)2/5/1999 1:11:00 PM
From: Oliver Kelley  Read Replies (1) | Respond to of 939
 
RDI Marketing Inc. Signs DefinitiveLetter of Intent to Acquire Thunderstick Software

February 5, 1999 11:30 AM
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Feb. 5, 1999--RDI Marketing Inc. RDIM announced Friday that they have signed a definitive Letter of Understanding which will allow the company to acquire Thunderstick Software LLC, a Delaware company, headquartered in Oxford, Conn.

Thunderstick Software is a prime provider of advanced system design engineering and e-commerce application software for such notable clients as MCI/WorldCom's Internet division, UUNET, National TeleCommunications, and the global extra-net for Satchi and Satchi with customized integration for their client base including Delta Airlines, Hewlett Packard, Toyota, Rothman, and numerous others. Terms of the agreement were not disclosed.

The President of Thunderstick, Alfred Werner, who currently serves as the vice president of technology for RDI Marketing, has agreed to combine the historical business, contracts and forward-going relationships into a new subsidiary for RDI Marketing. The company will seek through this new core division, additional technology acquisitions that contribute to advancing the agenda of the company as a leader in the next generation of e-commerce applications.

Through the new relationship Thunderstick will become the primary designer of engineering for the second-generation e-commerce software programs being instituted by RDI Marketing. This software-engineering venture will fulfill the programming and e-commerce requirements of all of the partners/suppliers within RDI Marketing. The company has generated substantial interest in the new Internet technology applications, which is positioned to provide interactive consumer shopping comparisons among manufacturers. This ability will enhance the consumer shopping experience while making the web more user friendly and interesting.

Based upon historical revenues of Thunderstick, revenues within the division are expected to reach $15 million within the first 18 months of the relationships.

RDIM also wishes to thank those attendees at the Las Vegas conference. As a result of the conference, the company was able to sign a definitive Letter of Understanding with Personal Consumers Services (PCS), which, subject to the final results of the audits, should contribute an additional $7 million in revenues to the company.

At the Las Vegas conference, RDIM also met with other attendees, representing nine additional Wholesale Club locations who have expressed an interest joining the RDIM team.

The Las Vegas convention was the first time that the investors and partners of RDIM had an opportunity to preview the second generation of interactive e-commerce technology featuring RDIM's leading edge Avatar technology. This new technology is expected to capitalize on the continual successful evolution of the current e-commerce enthusiasm, success and expansion.





To: Ray Tarke who wrote (894)2/8/1999 2:40:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 939
 
GTII Acquires New Oil & Gas Interests in Australia

SUGAR LAND, Texas--(BUSINESS WIRE)--Feb. 8, 1999--Golden Triangle Industries Inc. (Nasdaq:GTII - news) of Sugar Land, Texas, announces that the Company has been successful in acquiring 20% interest in six new concessions surrounding and in the immediate Cooper Eromanga Basin, one of the most prolific oil and gas producing areas in Australia. The six new concessions cover approximately 4,397,000 gross acres. Santos, as well as other major oil and gas companies, are very active in and around the Cooper Eromanga Basin.

The Cooper Basin is located 800 km north of Adelaide in a remote, sparsely populated desert environment. The Cooper region has been under license continuously since 1954 and is currently held by Santos and partners. Since 1954, Santos and joint venture partners have drilled over 1,200 exploration, appraisal and development wells. As of Sept. 30, 1997, 85 gas fields with a total of 354 gas wells were on line and a combined total of 190 PJ (150 Bcf) of sales gas was sold in that year to market SA NSW. As of Nov. 30, 1997, 28 oil fields with a total of 118 oil wells were on line and approximately 0.6 million kL (3.8 mmbbl) of crude oil, 0.4 million kL (2.5 mmbbl) of condensate and 0.3 million tonnes of LPG were sold.

Contact:

Golden Triangle Industries Inc., Sugar Land
Glenn Gagnon, 281/565-7300
www.goldtri.com

biz.yahoo.com

Regards, Jeff