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Microcap & Penny Stocks : Chester Holdings, Ltd. - CHES -- Ignore unavailable to you. Want to Upgrade?

To: gambler2 who wrote (621)	6/3/1999 2:02:00 PM
From: SSP	Respond to of 1174

We have news !!! FLANDERS, NJ--(BUSINESS WIRE)--June 3,1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it had retained the law firm of Frohling Hudak & McCarthy of Roseland, NJ to work with the management of the Company to implement a reorganization plan as well as to aid in the review of potential acquisitions which may present themselves during the reorganization process. Initially the Firm will work with the Company to prepare all necessary regulatory filings required for the Company to become fully reporting. The Company has also begun the process of selecting an accounting firm to assist it in the preparation of its periodic SEC reports. Once all required filings are completed Chester Holdings, Ltd. expects to be able to work with potential acquisition candidates on the restructuring of the Company and capital raising projects. "Safe Harbor" Statement under the Private Securities Litigation Act of 1995; to the extent that this press release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to complete and file the 10K's and 10Q's. These risks could effect the ability of the Company to successfully reorganize and resume operations as stated in any forward looking statements made by, or on behalf of the Company. There is no assurance that the Company will be able to achieve any of its intended objectives. For more information please contact Michael F. O'Shea, President at 1-864-962-8906 or FAX requests to 1-864-962-8417 --30--es/ny* CONTACT: Chester Holdings, Ltd. Michael F. O'Shea, President 864/962-8906 FAX - 864/962-8417