Ramoil Management Leads Bid for Acquisition of Pacific-Dunlop Automotive

    LAS VEGAS--June 11, 2001--Ramoil Management, Ltd.(otc Pink Sheets; RAMO) announced the selection of John Bailey and Chad Tilley to lead the M/A Team heading to New Zealand and Australia to spearhead the final acquisition of Pacific Automotive a division of Pacific- Dunlop.
    Ramoil Management, Ltd. has emerged as the leading contender with their $155 million dollar offer to purchase Pacific Automotive. Sources have revealed the other contenders may merge to create venture capital and participate with Ramoil Management, Ltd. in their endeavor to acquire Pacific Automotive, therefore creating amicable partnerships for future endeavors in Australia and New Zealand. CEO, Gary Walters stated that Slateco Earth Operations Inc. and Perry Slaton have provided their GIC (Guaranteed Insurance Contract) from a leading Triple A rated insurance company to assist in facilitating Ramoil Management Ltd.'s offer of $155 million US dollars to acquire the sales of $800 million dollars plus, which are annually derived from various automotive distributor outlets throughout Australia and New Zealand, all part of a series of targeted automotive acquisitions including but not limited to:

-	Assets of over $250 million dollars
-	A positive EBIDA of $40.1 million dollars annually

    This is only one part of the shared vision that management in conjunction with CEO, Gary Walters are pursuing on behalf of Ramoil Management, Ltd. shareholders.
    Messrs. John Bailey and Chad Tilley have extensive experience and are proficient in their chosen fields and both are notably recognized in their endeavors. Therefore the best representations available for the company are in place, which will only expedite negotiations and conclude with a positive outcome in this venture. The full M/A Team consists of the following members:

- Mr. John Bailey-negotiator, general business; - Mr. Chad Tilley-negotiator, automotive experts; - Mr. Chun Y Lee-negotiator, Asian Pacific Rim & key contributor in
    the organization of automotive acquisitions; - Mr. Bill Odle-negotiator, manufacturing & automotive parts
    division for the US; - Mr. Bill Gustin-CPA and interim CFO; - Mr. Michael Holbrook-negotiator, international business; - Mr. Larry Madison of Life Protector Services on behalf of the GIC
    negotiators who insure the original investment.

    Most of these gentlemen will be a part of the Board of Directors pending the final approval at the shareholders meeting. In addition, management is currently in negotiations with additional automotive industry executives regarding their availability for negotiations. Time constraints and scheduling prevent disclosure of said individuals' identity until a final determination can be made, therefore adherence to confidentiality must be maintained.