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To: Mr Metals who wrote (7809)	4/23/1999 11:26:00 AM
From: Due Diligence	Read Replies (2) \| Respond to of 8835

(PR Wires) DJ: Oxford-Knight Signs Letter of Intent to Acquire a 40% In DJ: Oxford-Knight Signs Letter of Intent to Acquire a 40% Interest in Financial Services Company GRAND ISLAND, N.Y., April 23 /PRNewswire/ -- Oxford-Knight International, Inc. (OTC Bulletin Board: OKTI) announced today that it has signed a letter of intent to acquire a 40% interest in Fusion Capital Corp., a company dedicated to providing Electronic Funds Transfer (EFT) systems, utilizing a nationwide network of "Mini Banks" for retail merchants. Services provided by Fusion include equipment & software provision, debit/credit all environmental units for drive-up restaurants (currently being tested with McDonald's Corporation), ATM stand alone machines, smart cards, and much more. It is the intent by OKI management to spin off 40% of Fusion as a new publicly traded company and have OKTI shareholders receive proceeds via stock in the publicly traded entity based upon a record date disclosed in the future. It is estimated that it will take 3 weeks for the completion of the acquisition once all due diligence has been completed by OKTI's management and legal counsel. "This letter of intent comes off the heels of another LOI signed and announced previously this week. We expect to have that deal finalized very soon," stated Paul Syracuse, OKI President and CEO. Syracuse went on to say, "Many exciting things are happening with OKI right now, and I am thrilled our shareholders are going to be the ultimate beneficiaries. "We have spent the past year building our infrastructure and we are now progressing with our business plan." Once OKI completes its due diligence with Fusion and completes the acquisition, the registration process with the SEC will begin to get Fusion its own listing on the bulletin board. In addition, the company is in process of an audit for the purpose of becoming reporting to the SEC. It is expected that such audit will be completed and Form 10-SB filed with the SEC prior to June 1st. Oxford-Knight International, Inc. plans to specialize in mergers & acquisitions, leveraged buy-outs, business consulting, real estate development, construction (residential and commercial), assisted living facilities (new), and retail & wholesale distribution of auto accessories. The company has 2.282 million shares outstanding. For more information on Oxford-Knight, contact Jeff Brommer, Investor Relations, 800-749-0114. This release contains forward looking statements with respect to the results of operations and business of Oxford-Knight International, Inc. that involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995. Investments 101, Ltd. has been retained by Oxford-Knight to provide investor relations services for a period of three months beginning April 8, 1999. Investments 101, Ltd. is being compensated for services rendered with 150,000 shares of free-trading common stock. Jeff Brommer, his family, friends, and associates may from time to time buy and sell the above mentioned security in the open market. /CONTACT: Jeff Brommer of Investments 101, Ltd., 800-749-0114, for Oxford-Knight/ 11:06 EDT * end of story *