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ENVIROMINT FILES TO EXTEND ITS OFFERS TO ACQUIRE FOR CASH ALL OUTSTANDING SHARES OF HOME-STAKE COMPANIES

 DALLAS, April 30 /PRNewswire/ -- EnvirOmint Holdings Inc. (OTC Bulletin Board: ENVM) announced today it has filed a supplement to its Schedule 14D-1 with the Securities and Exchange Commission extending its offers to purchase for cash all of the outstanding shares of The Home-Stake Oil & Gas Co. ("Oil&Gas") and The Home-Stake Royalty Corp. ("Royalty"), collectively known as "Home-Stake Entities." The offers are being made by Home-Stake Acquisition Corp., a Delaware corporation formed by EnvirOmint Holdings Inc. and International Insurance Industries Inc.
 The offers are being extended to 5 p.m. New York City time, Friday, May 14, 1993, unless otherwise extended. To date, 100 shares of each of Royalty and Oil&Gas have been tendered and not withdrawn. The offer price remains at $268.82 net per share to shareholders of Royalty and $147.85 net per share to shareholders of Oil&Gas.
 EnvirOmint currently owns approximately 18 percent of the outstanding shares of Royalty, and approximately 23 percent of the outstanding shares of Oil&Gas. The ownership of substantially all of these shares is disputed and the subject of litigation. The boards of directors of the Home-Stake Entities have recommended to their shareholders not to tender their shares.
 In addition to its interest in the Home-Stake Entities, EnvirOmint designs, builds and operates the EnvirOmint Can-Pactor, a patented reverse vending machine which crushes aluminum cans and dispenses cash along with a manufacturer's or merchant's coupon. EnvirOmint, through two subsidiaries, is also engaged in the business of constructing and operating Texaco Lube Centers in the Dallas/Fort Worth area.
 -0- 4/30/93
 /CONTACT: Fran Daniels of Financial Sciences of America, 310-278-4413, for EnvirOmint Holdings/
 (ENVM)


CO: EnvirOmint Holdings Inc.; The Home-Stake Oil & Gas Co.;
 The Home-Stake Royalty Corp. ST: Texas IN: SU:


JL-JB -- LA034 -- 3477 04/30/93 18:38 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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