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BRIO INDUSTRIES INC., INTERNATIONAL NESMONT INDUSTRIAL CORP. ANNOUNCES SHARE ACQUISITION

 VANCOUVER, British Columbia, Aug. 23 /PRNewswire/ - Hermann J. Reipl, president of Brio Industries (NASDAQ: BRIOF), announces that pursuant to Section 93 of the Securities Act (British Columbia), Brio has acquired 150,000 shares in the capital of International Nesmont (Vancouver: NES) bringing its holdings to 10.61 percent of the 6,671,410 issued and outstanding shares in the capital of Nesmont. The Nesmont shares were purchased through the facilities of the Vancouver Stock Exchange for investment purposes. Those persons who might be considered to be acting jointly and in concert with Brio in connection with the securities of Nesmont are Gunnar Vogel and Hermann Reipl, who hold 2,357 and 2,857 Nesmont shares, respectively.
 In May 1993, Brio loaned Cdn.$5,000,000 to Nesmont for a period of one year. As a result of that investment, Brio is a significant creditor of Nesmont as well as a shareholder. In consideration of the loan, Nesmont issued 750,000 shares to Brio as a bonus and Brio purchased an additional 250,000 shares through the facilities of the exchange. These shares have been consolidated together with the remainder of Nesmont's outstanding share capital.
 -0- 8/23/93
 /CONTACT: Hermann Riepl, president of Brio, 604-436-5876/
 (BRIOF NES)


CO: Brio Industries Inc.; International Nesmont Industrial Corp. ST: British Columbia IN: SU: TNM

LM-JL -- LA024 -- 5149 08/23/93 15:58 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
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