March 03, 2005 08:27 ET

The IOCircuit Announces Butler Investments Is Modernizing Oil Refinery Located in Angola

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IOCircuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- March 3, 2005 -- The IOCircuit recommends Butler Investments (OTC: BUIV), which has completed the initial phase of the engineering and feasibility study for the purchase of an Albany refinery for the government of Angola. The goal of modernizing the refinery will result in the increased capacity to produce 100,000 barrels per day. Butler agreed to the contract with Dunes Capital Ltd. To date, Butler has billed the project over $3,500,000.

Mr. David Lewis has been appointed by Dunes to head up this project, formerly of Occidental Petroleum. Dunes Oil Ltd is a private English company, with David Williams as the managing director and chief executive.

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Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. The IOCircuit accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid the IOCircuit $500.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. The IOCircuit has no ownership of equity and no representation

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