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Dega Ordered into Bankruptcy

25 January 2000

Dega Ordered into Bankruptcy

    NEW YORK--Jan. 24, 2000--Spectre Industries, Inc., (OTCBB:STND) wishes to announce the following developments:
    The United States Bankruptcy Court, Central District of California, has advised that on the consideration of the petition filed against Dega Technology, Inc. ("Dega") and that Dega failed to answer or otherwise plead to the petition within the period prescribed in the Bankruptcy Rules, an Order of Relief under Chapter 7 of the United States Code is granted. Judge Robin Riblet of the United States Bankruptcy Court, granted the order on January 7, 2000. The case number is ND-99-14336 RR.
    The Court further ordered that Dega shall prepare, make oath to, and file in the Court, within fifteen days a schedule of all its property, the location of the property and the money value in detail. Dega is to provide a list of all its creditors and the details of all of its debts.
    The Court has appointed a Trustee who will preside over a meeting of the creditors scheduled for February 29, 2000.
    Spectre will exercise all of its rights, including those set forth under applicable security agreements as a secured creditor.

On Behalf of the Company, Ian S. Grant 604/984-0927 E-Mail: isgrant@direct.ca