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To: Wayne Rumball who wrote (10332)	5/12/1999 10:57:00 AM
From: mrkt wtchr	Respond to of 13776

Hi Wayne. Here's the press release from yesterday on ADHC. The stock closed at $1.00 yesterday and last I checked this morning it is 1.15/1.25. I'm fairly new with all this, I'll post more info next time. Lisa :) MELBOURNE, Fla., May 11 /PRNewswire/ -- Andros Island Hotel & Casino, Inc. (OTC Bulletin Board: ADHC - news) announced today that it purchased 2,500,000 restricted common shares of New Horizons Airways, Inc., Melbourne, Florida. The Company said it will spin off shares of its newly acquired common stock of New Horizons Airways, Inc. to its shareholders on August 16, 1999 (pay date) and that shareholders of Andros Island Hotel & Casino, Inc. will receive one free and restricted common share of New Horizons Airways, Inc. for each 1,000 (one thousand) shares of Andros common owned on July 31, 1999 (the record date). The Company said it may make additional investments in New Horizons Airways, Inc. in the near future. According to the Company, New Horizons Airways, Inc. is a development-stage company owning a single Cessna 10-passenger airplane but that the air charter company expects to acquire additional planes through acquisitions of privately owned air charter companies, leasing from a third party aircraft leasing company or through cash purchases. The air charter company plans to commence charter service between Tallahassee, Florida and Biloxi, Mississippi, later this month. The Company also announced that it plans to forward split its common stock on a ten-for-one (10-for1) basis on May 31, 1999 (the pay date) to shareholders of record on May 25, 1999 (the record date). The Company stated that on May 31, 1999 each one share of common stock will be converted into ten (10) shares of common stock. The Company said the forward split will require a change in CUSIP numbers (unique stock number) and a change in its trading symbol. In addition, the Company said all shareholders holding certificates in their own names will be required to send the old certificates to Securities Transfer Corp., 16910 Dallas Parkway, Suite 100, Dallas, Texas 75248, Telephone 972-447-9890. Securities Transfer Corp. will cancel the old stock certificate and issue the shareholder a new common stock certificate bearing the new number of shares and the new CUSIP number. The Company further stated that those shareholders owning their stock in ''street name'' (certificates are on deposit with a brokerage firm) will not be required to take any action as the brokerage firm will be responsible to send in send in the old stock certificates.