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Microcap & Penny Stocks : CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT& -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (435)	4/20/1999 2:39:00 PM
From: michael john stout	Respond to of 694

Will do. Thanks.

To: Gator who wrote (435)	4/22/1999 9:34:00 AM
From: OFW	Read Replies (1) \| Respond to of 694

TAMPA, Fla., April 22 /PRNewswire/ -- John V. Whitman Jr., President/CEO of Chronicle Communications, Inc. (OTC Bulletin Board: CRNC), announced that Chronicle has exercised its rights under the Stock Exchange Agreement with Florida Machine and Welding, Inc. for termination. "The ownership of Florida Machine & Welding, Inc. could not be legally transferred to Chronicle at this time. It was in the best interest of Chronicle Communications, Inc. to terminate the Stock Exchange Agreement. We have the option to pursue other methods of acquiring this company," Whitman stated. In an unrelated transaction, Chronicle has terminated its letter of intent to enter into a Stock Exchange Agreement with Seminole Scrap Corporation, choosing to structure the acquisition as an asset purchase transaction instead. No new agreement has been reached at this time. Chronicle Communications Inc. is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the symbol of "CRNC." The Company, founded in 1996 and headquartered in Tampa, Florida, is the publisher of "The Register," the only comprehensive directory of new homebuilders' inventory homes available in the greater Washington D.C. Metropolitan area. The Register is published 23 times per year with separate editions for Maryland and for Virginia. Chronicle also operates a commercial web-offset printing plant in Tampa, Florida. Complete information including links to the SEC's EDGAR database can be found at Chronicle's web site at www.chronicleinc.com/. Special Note: The foregoing release contains forward-looking statements. There are a number of important factors that could cause actual events to materially differ from those indicated by such forward-looking statements, including the availability of funding, results of marketing efforts and general economic conditions, among others. SOURCE Chronicle Communications, Inc. -0- 04/22/99 /CONTACT: David E. Salmon of Chronicle Communications, Inc., 813-248-0100/ /Web site: chronicleinc.com (CRNC)