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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: JJ who wrote (1194)	4/13/1999 10:19:00 PM
From: Robert Dydo	Respond to of 1326

I guess this may prove you wrong: Rux Resources Inc RUXR Shares issued 24,720,799 1999-04-12 close $0.18 Tuesday Apr 13 1999 Mr. Stan Bharti reports Rux has entered into an agreement with Business Web Inc., a Dallas, Tex., based Internet service provider, to acquire up to 8.3 per cent of its outstanding shares for a total of $2.5-million (U.S.), representing 750,000 shares at $3.40 (U.S.) per share. Business Web Inc., with its two counterparts, Cybermovers (http://www.cybermovers.net) and Business Web Now (http://www.businesswebnow.com), translate the roles of a real-world moving and design company to the World Wide Web. The company handles the concept, creation, execution, promotion and maintenance of business Web sites. In addition, the company is focusing its attention onto the business to business vertical trade communities, including fully scalable e-commerce solutions, on-line business interaction and downloadable production information. A key area of expertise for BWI is the creation of trade shows in cyberspace to enhance business to business communication in a variety of sectors. Rux has also entered into a licensing arrangement with BWI to develop and market a BWI proprietary software for the resource sector worldwide. The proprietary software will allow Rux to sponsor and co-ordinate trade shows in cyberspace for the mining, oil and gas and forestry industries. Rux will also propose a name change to Rux Business.com at its annual shareholder meeting, to be held later this year. The company plans to change its main focus to the interaction of the resource sector with the Internet and IT (information technology) sector and develop a new management team with the assistance of its partner, BWI. Rux continues to examine other opportunities in the Internet and IT sector, both in North America and overseas. Chris Meaux, the president and chief executive officer of Business Web Inc., has joined the board of Rux, effective immediately. The BWI transaction is expected to close on or before the end of April