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Gold/Mining/Energy : ARCTIC GROUP AGP-ASE -- Ignore unavailable to you. Want to Upgrade?

To: SurfForWealth who wrote (76)	5/11/1999 10:17:00 AM
From: Jim Bishop	Respond to of 101

Actually my AGP is tucked away and I don't watch it a lot. Without really looking it seems to me that the net earnings drop late in the year would be quite normal for the ice business, especially in the northern climes. Overall I really like the company, they've been around a looongg time and the consolidation effort appears to be working. Cheers, SurfForWealth, I like that, Jim

To: SurfForWealth who wrote (76)	5/25/1999 10:19:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 101

Tuesday, MAY 25, 1999 ARCTIC GROUP TO ADD KINGSTON-BASED HOME TOWN ICE TO THEIR LIST OF CANADIAN ACQUISITIONS Winnipeg, Manitoba - The Arctic Group Inc. announced today that it has signed a letter of intent to acquire all the related assets of Home Town Ice Division of Jack French Limited ("Home Town"). Home Town Ice, a packaged ice manufacturer and distributor, services the Kingston area of South-Eastern Ontario. Subject to final due diligence and regulatory approvals, the transaction is expected to close within 60 days. "Given that Home Town is strategically located between Arctic's operations in Ottawa and Mississauga, this acquisition provides a logical geographic extension to our current territory," said Robert Nagy, The Arctic Group Chairman and CEO. "We are seeing a growing acceptance of The Arctic Group's business plan by independent owners/operators of ice companies wherever we go. The Home Town acquisition will further strengthen ability to service accounts on a national basis." As Canada's largest ice company, The Arctic Group Inc. is committed to building an internationally recognized ice company by focusing on an aggressive strategy of growth through acquisition and consolidation of the ice industry in North America. For further information, call The Arctic Group Inc. TOLL FREE at 1-888-573-9237 or visit The Arctic Group's Web Site at - arcticgroup.com. (Signed) On behalf of the Management and the Board of Directors of The Arctic Group Inc., Robert Nagy, President & CEO. The Alberta Stock Exchange has not reviewed and does not approve or disapprove of the adequacy or accuracy of this release.