ISM Holding Details and Timetable to Become Fully Reporting

11 October 1999
ISM Holding Details and Timetable to Become Fully Reporting
 ISM Holding Details Plan and Timetable to Become Fully Reporting to the SEC

    INDIANAPOLIS, Oct. 8 -- ISM Holding
(OTC Bulletin Board: ISMH) announced today the schedule of events that it will
take with the assistance of L. Van Stillman, noted Securities Attorney, to
become fully reporting according to SEC regulations.
    According to the letter of engagement with ISM Holding, Mr. Stillman will
assist in filing Form 10 and completion of all other SEC requirements starting
in October and due to be completed by early December.  ISMH requirement is to
be reporting by January 12, 2000.
    The process will include complete statements on ISM Holding's vision,
short- and long-term objectives and processes for enabling long-term value is
being aggressively pursued.  Growth opportunities, acquisitions and internal
expansion will also be reviewed and prioritized for execution in the new year.
The objective of the process is to not only comply with the regulations, but
also create a process to ensure continued profitability growth and to
capitalize on the growing opportunities available to the company, which allow
the company to increase shareholder values.
    ISM Holding has audited financials for the year 1997 by Geo. Olive Company
and will have 1998 audited financials for the filing.  The 1999 year audit
will be complete by the first quarter 2000.  "The completion of this process
is a step forward towards the goal of a Nasdaq small cap listing with the
ultimate goal of achieving a share price necessary to obtain a Nasdaq NMS
listing," stated Bob Hancher, CEO.
    All financial statements will be posted on ISM Holding's web site when
completed.
    More information about ISMH is available at their new web site:
http://www.ISMH.com , which will be unveiled in early November.
    Statements included in this press release, which are not historical in
nature, are intended to be and are hereby identified as "forward-looking
statements" for purposes of the safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended by Public Law 104-67 and
provisions of the Private Securities Litigation Reform Act of 1995.  Forward-
looking statements may be identified by words including "anticipate,"
believe," "intends," "estimates," "expects," and similar expressions.  The
company cautions readers that forward-looking statements, including without
limitation, those relating to the Company's future business prospects are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking statements.
    For more information, contact Ken Severson at ISM, Cell (317) 710-1590, or
(317) 865-8973.