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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?

To: Mark S. Schroeder who wrote (14614)	2/24/1999 9:22:00 AM
From: James E Lynch	Read Replies (1) \| Respond to of 22810

(BSNS WIRE) NP Energy Announces Corporate Re-Organization NP Energy Announces Corporate Re-Organization Business Editors LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Feb. 24, 1999--NP Energy Corp. (OTC BB:NPEC) announced the appointment of Raymond D. Lazo of California as president of the company. Lazo replaces Larry Regis who will remain on the board of directors. Increased activity by NP Energy in the telecommunications industry by its subsidiary MetroPLUS Communications Corp. and the anticipated renewed activity in its precious metal holdings motivated the appointment of new officers and directors. Lazo's business background as owner of several companies will bring strong business acumen to the company. Joining Lazo as vice president of exploration and development is Ralph Bonham who, since 1960, has been active in gold recovery specializing in the Placer gold recovery field. He has done extensive work in Utah, Idaho, Montana, Arizona, Wyoming, California and Nevada gold fields. He is Chairman of Mystery Gold, an organization whose membership boasts 200 years of gold expertise. He speaks Portuguese and will be involved in NP Energy's Picone field in Brazil. Jack Ginn, Larry Regis and Les Price remain as directors. Larry Regis will remain as a director but his prime activity will be with Medinah Energy as its president. On behalf of the board of directors Per: Larry Regis, president --30--DS/kw/se* CONTACT: NP Energy Corp. Investor Relations, 888/423-6993 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: MINING/METALS ENERGY TELECOMMUNICATIONS MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *