Telynx (fka TLYN)

[DueDillinger]

Penny King Launches Major Acquisition and Alliance Drives

BUDAPEST, Hungary--(BUSINESS WIRE)--Jan. 1, 1999--G! Alex Gabor,
president and CEO of Penny King Productions Inc., a Budapest-based global
entertainment company, announced it has made offers to acquire interests
in global banking and entertainment companies in
an effort to expand its 25,000 plus shareholder base.

The company recently announced it has made a written offer to chairman of
Microsoft, Bill Gates, to acquire 10% of
Microsoft Corp. [Nasdaq:MSFT - news] for the sum of $400 billion. Last
week the company offered $100 for every dollar
for the Bear Stock of Julius Baer & Co. of Switzerland, a private
international bank with $70B in assets. Further, the company
has expressed an interest in acquiring all of Universal Studios of
Hollywood, Calif.

Penny King Productions Inc. is an entertainment, media and financial
services holding company whose affiliates include
Excalibur Funding Group. PKPI is traded internationally with one trillion
of its shares (20%) owned by its founder and chief
executive, G! Alex Gabor. The Free and Clear Foundations of Earth,
International own an additional two trillion shares. The
stock has been trading at $1 per share for the past 12 months.

The company has been involved in the production of a film in which a man
who appears homeless buys up pennies for a
nickel each from the poor and downtrodden while driving the value of the
U.S. dollar through the roof. Release of the film is
set for Dec. 31, 1999 in theatres and on the Internet.

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