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To: dowen who wrote (10579)	5/13/1999 10:36:00 AM
From: dudie	Read Replies (2) \| Respond to of 13776

Message 9507950

To: dowen who wrote (10579)	5/13/1999 10:41:00 AM
From: ciVic	Read Replies (1) \| Respond to of 13776

cayc company says itis worth .30 in a PR..now at .1 (COMTEX) B: CAYE CHAPEL ANNOUNCES NEW WEB SITE AND VALUE AT .30 CENT B: CAYE CHAPEL ANNOUNCES NEW WEB SITE AND VALUE AT .30 CENT PER SHARE VAN BUREN, Ark., May 13 /PRNewswire/ -- CAYE CHAPEL, INC. (OTC Bulletin Board: CAYC) announced that its new web site is operational and may be accessed at cayechapel.com. The purpose of this new site is to allow shareholders a better opportunity to follow the progress of the company. Executives met with auditors this week and anticipate the release of audited numbers soon. The preliminary numbers, which do not include the purchase of the drill bit manufacturing company, indicate a significant value per share. The acquisition of this manufacturing company, Future Trend Manufacturing, Inc., was completed earlier this year and manufacturing of the Future Trend drill bit has already began in the company's Joplin, Missouri facility. This acquisition, which is valued at more than $5 million, will show in next year's audited reports. With the inclusion of this transaction, the company anticipates a $.30 cent value per share. As previously stated in a press release dated February 16, 1999, Mr. Russ Cooper of C.R.C. Marketing, International Trade Group, which is based in Corpus Christi, Texas, stated, "I look forward to assisting you in the promotion of the world's finest drill bit." Future Trend, a wholly owned subsidiary of CAYC, learned that C.R.C. Marketing supplies thousands of drill bits to numerous customers domestically, as well as internationally. Caye Chapel is currently evaluating their leaseholds in south Texas in order to drill their first Underbalanced Horizontal well. The company plans to begin drilling within two or three weeks. Keith Alexander Jr. President of Future Trend stated, "After that, CAYC expects to be able to supply numerous mining and drilling companies with this tested product." The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. SOURCE Caye Chapel, Inc. -0- 05/13/99 /CONTACT: Bill Steubing, 830-582-2588, or Donald L. Walker, 501-474-7906, both of Caye Chapel, Inc./ (CAYC) CO: Caye Chapel, Inc. ST: Arkansas IN: REA SU: PDT * end of story *