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To: InAndOut who wrote (14088)6/3/1999 2:04:00 PM
From: SSP  Respond to of 15987
 
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



To: InAndOut who wrote (14088)6/3/1999 2:04:00 PM
From: Coral4pH_dot_com  Read Replies (1) | Respond to of 15987
 
CDNO should starting heading up big time in a few minutes as the MMs are positioning for this with raising the BID up to .13, but the ask is still at .135 where I just bought more. HUGE news is what we are all waiting for at ANY time now and the $1.75 52-week high should easily be hit. Sources all over are confirming the mega-huge news that should massively increase shareholder value.

Note: Mr. Joe Copia couldn't be more confident that CDNO will bring us HUGE profits ... and I know that is what we all want!!!

GO CDNO!!!!