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MTN Holdings, Inc. Announces New Strategic Targeting Of Acquisitions


/FROM PR NEWSWIRE MIAMI 305-461-8666/
TO BUSINESS AND RETAILING EDITORS:

MTN Holdings, Inc. Announces New Strategic Targeting Of Acquisitions

New Management Set To Complete Acquisitions

NEW YORK, Aug. 15 /PRNewswire/ --
MTN Holdings, Inc. (OTC Bulletin Board: MTNO), a Nevada corporation, announced
today that under the new management that has acquired the Company, a new focus
was put in place for the Company in a different direction with a new business
plan.
Mr. M. Spiegel, Chief Executive Officer of MTNO stated, "I am pleased to
be part of the new MTNO management team. Our new business plan is to grow
through mergers and acquisitions, primarily in the metals refining industry.
We will continue to use the holding company business model and build
subsidiary businesses with a goal of increasing our shareholder value."
The press release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Expression of future goals and similar expressions reflecting something
other than historical fact involve risks and uncertainties. The actual
results the Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties.

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SOURCE MTN Holdings, Inc.

/CONTACT: M. Speigel, MTN Holdings, 212-268-8574, or [e-mail]/

Aug-15-2001 16:33 GMT
Symbols:
US;MTNO
Source PRN PR NewsWire
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