American International Petroleum Corporation Comments On the Recent Market Activities Concerning Its Stock.Business Editors NEW YORK--(BUSINESS WIRE)--March 2, 2000 American International Petroleum Corporation (AIPC AIPC Androgen-Independent Prostate Cancer AIPC American Italian Pasta Company (Kansas City, MO) AIPC Aquidneck Island Planning Commission (Rhode Island) ; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. : AIPN AIPN Association of International Petroleum Negotiators AIPN Australian Injury Prevention Network AIPN Advanced Industrial Property Network (Japanese Patent Office) AIPN Asian Industrial Property Network ) announced today, in response to the unusually high level of activity in its stock over the last two days, that it is not aware of any current or pending events that would be causing the high trading volumes and price movements. AIPC is engaged in negotiations and actions that are intended to enhance shareholder value but those negotiations have not been completed. As mentioned in earlier releases, negotiations continue in an effort to secure a gas sales contract Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. for the gas expected to be produced from License 1551 in western Kazakhstan. In addition, negotiations are also underway to sell a working interest in the license to other parties. Both of these objectives are currently in direct discussions in Moscow. These negotiations and document exchanges continue on a path that the Company currently believes will be successful. The Company remains optimistic that final and mutually acceptable agreements will be reached. However, the timing of these events remains uncertain at this time. When agreements are reached, the company will issue immediate press releases to convey that information to its stockholders. American International Petroleum Corporation is a diversified petroleum company which, through various wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , is involved in oil and gas exploration and development in the Republic of Kazakhstan, and in refining, marketing and transportation of its refined products in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The matters discussed herein are forward-looking statements. These statements involve risks and uncertainties, such as timely availability of services or products, financing, and other factors, as set forth in the Company's filing with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein. |
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