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To: onekema who wrote (835)	4/3/1999 12:47:00 AM
From: vasili	Respond to of 4337

NUOA 100 BAGGER - TRADING UNDER 3 CENTS !! FINANCE DEAL ANNOUNCED THURSDAY !!! Nuoa 50 % owner of Oasis Resorts today announced a $100,000,000 finance deal to finish there real casino in Tunisia, one of many. Oais jumped 100% today when news was released. In the press release it states they will be expanding into the Caribbean and Asia. It is believed that part of these expansion plans is INTERNET GAMING. VISIT NUOA HOMEPAGE 1stnettech.com STOCK PRICE NUOA quote.yahoo.com STOCK PRICE OAIS quote.yahoo.com GO NUOA, GGNC, SNMM !!!!!!!!!!! PRESS RELEASE TODAY BSNS WIRE) Oasis Resorts International Inc. Obtains Loan Commitment to Oasis Resorts International Inc. Obtains Loan Commitment to Acquire Hotel & Casino Properties Business Editors/Gaming Writers WENDOVER, Nev.--(BUSINESS WIRE)--April 1, 1999--Oasis Resorts International Inc. (OTC BB:OAIS) Thursday announced that its 75%-owned subsidiary, Cleopatra Palace Resorts and Casinos Limited, has received a commitment from Morgan Weinstein & Co. to fund a One Hundred Million Dollar ($100,000,000) loan to allow Cleopatra to acquire and complete the real estate complex including the Hotel Le Palace presently operated by Cleopatra's World Inc. (a 60%-owned subsidiary of Oasis) and the Cap Gammarth Casino property. The commitment includes the funds required to equip the casino and provide working capital. The loan will also provide funds to pay off indebtedness of Cleopatra Hammamet Casino and provide working capital for the casino. The company said today that it deposited on Friday with the lender the sum of $100,000 and expects to complete the loan documentation and proceed to funding during the next 90-180 days. According to the terms of the loan commitment, the company's subsidiaries will be able to draw down on the $100,000,000 facility at the rate of $4 million per month as needed to complete its Cleopatra-themed projects. Oasis Resorts International Inc. is a hospitality and gaming company with development-stage and operational properties located in the U.S. and North Africa, with plans to expand into the Caribbean and to Asia during fiscal 1999. Note to Editors: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the company's business and relevant risk factors may wish to review the company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent Current Report(s) on Form 8-K, its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. Such disclosure information can be accessed from the "Edgar" database through the Internet at sec.gov. --30--dlc/ix* CONTACT: Oasis Resorts International Inc., Wendover Investor Relations, 949/833-5381 ext. 723 KEYWORD: NEVADA INDUSTRY KEYWORD: ENTERTAINMENT TRAVEL/AIRLINES REAL ESTATE 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 * Next Previous