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Non-Tech
Flexweight Corporation (FXWA)

An SI Board Since September 1998

Posts	SubjectMarks	Bans
30	1	0

Emcee: Ken Sammut	Type: Unmoderated

Introduction Compact

NuOasis Resorts and Flexweight Execute Definitive Agreement

NEWPORT BEACH, Calif. & WENDOVER, Nev.--(BUSINESS WIRE)--Sept. 18, 1998--NuOasis Resorts, Inc. (OTC BB:NUOA) and Flexweight Corporation (OTC BB:FXWA) jointly announced today that a definitive agreement was signed, related to the letter of intent which was previously executed between the two companies, to combine Flexweight with the international hotel and casino gaming businesses owned by NuOasis International, Inc., a wholly-owned subsidiary of NUOA.

The transaction, which will result in a consolidation of Flexweight's U.S. gaming and resort hotel management plans with the NuOasis and Cleopatra-themed hotel and casino assets of NuOasis International, is expected to close before the end of the month.

Flexweight representatives said the company and NUOA management are currently discussing the purchase of one or possibly two Nevada casinos, and that the company is on track to hold a shareholders meeting and effect its reincorporation and name change by mid-October.

Fred Luke, president and chairman of NuOasis Resorts, stated that NuOasis International is also in the process of negotiating the purchase of at least one additional hotel property located on the eastern coast of Spain. Luke further commented that early stage discussions, which have taken place on the formation of a lending syndicate between a number of European banks, could lead to a credit facility being established to finance NuOasis International's current prospects as well as its future hotel and casino acquisitions.

NuOasis Resorts, Inc. is a leisure and entertainment holding company with operations, conducted through subsidiaries, in international gaming and hotel management, food manufacturing, and development-stage commercial real estate.

Note: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the Company's business and relevant risk factors may wish to review the Company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent Annual Report on Form 10-K/SB and Quarterly Report on Form 10-QSB.

CONTACT:

OTC Financial Network

Mario "Ike" Iacoviello, (888) 356-2390

ike@otcfn.com

KEYWORD: CALIFORNIA NEVADA

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
30	Oasis Resorts International, Formerly Flexweight, Announces Stock Symbol Change	Ken Sammut	-	12/3/1998
29	To All, NuOasis Resorts had a Conference Call with Broker's and Large posi	ghostme	-	11/12/1998
28	To All NUOA fans, Check Out the new website: 1stnettech.com	ghostme	-	10/27/1998
27	To Anyone, Since FXWA applied for a NASDAQ listing, Does anyone know how long	ghostme	-	10/27/1998
26	From NUOA SI thread: ---------------------------------------------------------	ghostme	-	10/26/1998
25	Yes, this is looking better and better. I'm sure the lurkers know what I m	Wayne Rumball	-	10/25/1998
24	Ted is correct about the limited number of shares in the float. The three or fo	Ken Sammut	-	10/25/1998
23	Oh I see. Perhaps I was mistaken.	Wayne Rumball	-	10/25/1998
22	Wayne, They also own a large piece of land on which they plan to build a $40 m	Theodore G. Gresch	-	10/24/1998
21	LOL! And they own a broken down truck stop too! Their flagship operation! LOL	Wayne Rumball	-	10/24/1998
20	Wayne, Are you reading all the information out on FXWA? FXWA now owns / opera	ghostme	-	10/24/1998
19	LOL, they own a rundown truck stop. LOL good deal, think I'll short more.	Wayne Rumball	-	10/24/1998
18	Wayne, The price went up after a recommendation from someone. Don't know w	ghostme	-	10/23/1998
17	Well the attention is going to get quite a lot bigger. Starting a massive shor	Wayne Rumball	-	10/23/1998
16	Finally a little action: -----------------------------------------------------	ghostme	-	10/23/1998
15	I just stumbled over this when I saw the NUOA volume yesterday. FXWA is handin	Wayne Rumball	-	10/15/1998
14	To All, Who is buying and selling this stock? Please let the thread know. Are t	Theodore G. Gresch	-	10/8/1998
13	Ken, See my post on the NUOA thread. Ted	Theodore G. Gresch	-	10/6/1998
12	Maybe wishful thinking that with a spread of .04 to .055 and the merger on Frid	Ken Sammut	-	10/6/1998
11	I think initially (assuming there is an upward trend), that FXWA will be the st	Ken Sammut	-	10/6/1998
10	Ken, What in the world is going on with this stock? Over 300k traded today. La	Theodore G. Gresch	-	10/6/1998
9	Thanks again Ted, I had forgotten about the 1M shares NUOA already owns of FXW	Ken Sammut	-	10/6/1998
8	Ken, I believe the 7 million shares that NUOA will receive are already in the	Theodore G. Gresch	-	10/6/1998
7	Thanks Ted, A lot of volume starting to come in the last two days. If there	Ken Sammut	-	10/6/1998
6	SG, Richard Surber is the President of both Oasis International Hotel & Cas	Theodore G. Gresch	-	10/6/1998

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