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Post# of 89565
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Friday, 02/02/2001 11:14:58 PM

Friday, February 02, 2001 11:14:58 PM

Post# of 89565
More news on JABI. I don't know how many of you have gotten into this stock. It looks better everyday. We are expecting at least 2 more PR's. Hopefully next week. Good luck everyone.

02/02 13:22 JAB Finalizes Funding Agreement, 3-For-1 Forward Stock Split And
Pull <JABI.PK>


JAB Finalizes Funding Agreement, 3-For-1 Forward Stock Split
And Pull Out of Chapter 11

ORLANDO, Fla., Feb. 2 /PRNewswire/ -- JAB International, Inc. (OTC Bulletin Board: JABI) announced today their plans to pull out of Chapter 11 in preparation of the $12 million funding scheduled to close this month.

JAB has recently announced $12,000,000 in debt funding and a 1-for-3 stock split. JAB's Chairman and CEO, Jefferson Adams Bootes, was quoted as saying, "We have big plans for this company, and it looks like we are finally getting the opportunity to implement them."

JAB has worldwide mining operations in the Central African Republic (CAR), Honduras, and Northern California.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in Company documents furnished to investors. SOURCE JAB International, Inc.

-0- 02/02/2001

/CONTACT: William P.A. Howells of Corporate Public Relations, 800-631-0123, for JAB International/ -- FLF010 -- 4352 02/02/2001 13:21 EST http://www.prnewswire.com Copyright PR Newswire 2000. All rights reserved.

COPYRIGHT © 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.









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