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Gold/Mining/Energy : Blonde Bear (BB.ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (204)	5/30/1999 10:42:00 AM
From: Dave V	Read Replies (2) \| Respond to of 212

Who recommended it?

To: Sam who wrote (204)	9/25/1999 6:47:00 PM
From: poorboy	Read Replies (1) \| Respond to of 212

Hey Sam, did you or anyone else see or here about this news? Any comments anybody? poorboy, ISDN Date 09/14/99 Company BLOND BEAR HOLDINGS INC. Title Blond Bear Holdings Inc. Announces Major Transaction With Aeronett Technologies Ltd. Of New Westminster, British Columbia START-I0-STORY Technologies Ltd. Of New Westminster, British Columbia BLOND BEAR HOLDINGS INC. (Alberta Stock Exchange Symbol - BB)(the "Corporation"), a junior capital pool corporation, announces that it has entered into a letter of intent to acquire all of the issued and outstanding shares of AERONETT TECHNOLOGIES LTD. ("Aeronett") by the issuance of up to 18,696,320 common shares of the Corporation at a deemed price of $0.25 per share. The letter of intent contemplates the private placement of up to 7,000,000 common shares of Aeronett at $0.25 per common share, the private placement of 2,000,000 common shares of the Corporation at $0.25 per share, the surrender of 360,999 directors' options which are currently issued, the granting of stock options under the Corporation's Stock Option Plan for up to 2,100,000 common shares of the Corporation at an exercise price of $0.25 per share, the sale of 1,333,333 escrowed shares held by certain of the directors of the Corporation to Columbia Diversified Software Fund, a major shareholder of Aeronett, for a total price of $13,333.33, and the transfer by certain shareholders of the Corporation of 216,666 common shares of the Corporation (of which 203,333 common shares are escrowed shares) to a consultant to Aeronett, for a total price of $21,666.66. Aeronett is a software development company using advanced technologies to build and deliver aviation and aerospace computer based training ("CBT") solutions. Aeronett's CBT solutions incorporate Aeronett's developed high fidelity courseware visual simulation training ("VST") approach to CBT. The VST approach delivers an aesthetically designed user interface that utilizes realistic visual representations of the subject matter. The proposed acquisition of Aeronett is intended to be the Corporation's Major Transaction within the applicable policies of the Alberta Securities Commission and The Alberta Stock Exchange and as such, must be approved by regulatory authorities and also by certain shareholders (majority of minority) of the Corporation at a special meeting of shareholders to be called for that purpose. Trading of the Corporation's shares on The Alberta Stock Exchange will remain suspended pending completion of the Major Transaction. Upon the closing of the Major Transaction, Larry D. Whitehead and Ernie J. Mangulins will serve on the new Board of Directors of the Corporation. David B. Gregory and Ronald J. Will will remain on the Corporation's Board. Larry D. Whitehead is the founder, President and CEO of Columbia Diversified Software Fund, a limited partnership which invests in and generates revenue from the sale of computer applications software. Mr. Whitehead holds a Master of Business Administration from the University of Washington and has ten years of banking experience and twenty years of consulting and corporate finance experience. Ernie J. Mangulins is responsible for the day to day operations of Aeronett, as well as directing its corporate business strategy. Prior to joining Aeronett, Mr. Mangulins was employed by IBM Canada for 16 years where he was responsible for developing, executing and managing the IBM Global Network business in Western Canada. Mr. Mangulins holds a Bachelors of Mathematics from the University of Waterloo as well as a private pilot's license. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. For further information contact: For Blond Bear Holdings Inc. David B. Gregory 520-6804 For Aeronett Technologies Ltd. Frank Port Seaport Communications Inc. (604) 541-4188