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Microcap & Penny Stocks : CRYOPAK CII.V -- Ignore unavailable to you. Want to Upgrade?

To: Brian MacDonald who wrote (152)	4/8/1999 8:40:00 PM
From: Brian MacDonald	Read Replies (1) \| Respond to of 298

Press Release today. Note the terms re: the warrants. Not overly generous and 33 1/3% higher than the price of the shares sold today. Nobody is selling and things just keep happening. We should be gearing for a breakout soon. Stock is very thin at these levels and the same houses that were buying the stock when it was in the 40's are still buying. All we need is another sales contract announcement of significant size. Brian ---------- CRYOPAK INDUSTRIES INC. #1120 625 Howe Street Vancouver, British Columbia Canada V6C 2T6 Tel: (604) 685-3616 Fax: (604) 685-9170 www.cryopak.com e-mail: cryopak@cryopak.com April 8, 1999 Symbol: CII (VSE) NEWS RELEASE The Company has arranged, subject to regulatory approval, a private placement of 72,000 common shares at a price of $0.75 per share for total proceeds of $54,000. The placee will also be granted non-transferable warrants to purchase up to an additional 72,000 shares for a period of two years at a price of $1.00 per share. The proceeds of this private placement will be used for general working capital. On behalf of the Board of Directors Harry Bygdnes" The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.