Fenway International Inc. is pleased to announce the appointment of Mr. Edgardo A. Cardoza as Vice-President, Cement & Cement Product Sales.

Mr. Cardoza graduated from the MAPUA Institute of Technology in 1965 with a Bachelor of Science degree in Mining Engineering. His early career encompassed mining exploration and development in the Philippines. The past 20 years have been spent in international coal brokerage and sales as well as corporate finance and development. Mr. Cardozo's wide experience with international engineering, power and construction companies gives Fenway access to cement markets through parties with whom Mr. Cardozo has already established successful business.

As Vice-President of Sales, Mr. Cardozo will organize the marketing department for sales of cement and limestone products from both the 2,500,000 tonne per year Palawan Cement Project and the 1,500,000 tonne per year Negros Oriental Cement Project. Product sales will be directed to both international and Philippine markets.

Fenway International Inc. is the lead proponent in the development of two large portland cement plants in the Philippines. Fenway currently holds a 90% equity interest in Palcan Cement Corporation, a proposed 2.5 million tonne per year cement plant to be constructed at Scott Point, Municipality of Sofronio Espaņola, Palawan, Philippines. Fenway also holds a 90% equity interest in the Negor RR Cement Corporation's cement project in the Municipality of Guihulungan, Negros Oriental. Fenway proposes to construct and operate a 1.5 million tonne per year portland cement plant near La Libertad, Negros Oriental.