Grupo Sidek Announces Assets Sales Report from March 1, 2001 to March 31, 2001

Apr 03, 2001, 01:00 ET from Grupo Sidek, S.A. de C.V.

    GUADALAJARA, Mexico, April 3 /PRNewswire/ -- Grupo Sidek, S.A. de C.V.
 (OTC Bulletin Board:   GPSAY GPSBY) today announced a report regarding assets
 sales from March 1, 2001 to March 31, 2001, pursuant to its obligations under
 the restructuring agreements entered into with Sidek Creditor Trust:
 
                              ASSETS SALES REPORT
                      FROM MARCH 1, 2001 TO MARCH 31, 2001
                              (Figures in US$ thousands)
 
       Assets with
         Reorganization Value
         higher than USD$ 5,000     Sales Value  Reorganization Value
 
          I. Hotels                     9,156           9,445
          II. Real Estate                   0               0
          III. Marinas and Golfs            0               0
          IV. Other                    31,522          54,500
          Subtotal                     40,678          63,945
 
         Assets with
          Reorganization Value
          Less than USD$ 5,000
 
         Subtotal (transactions)          351            N.A.
 
         Total                         41,029            N.A.
 
     NA / Not available.
 
 

SOURCE Grupo Sidek, S.A. de C.V.
    GUADALAJARA, Mexico, April 3 /PRNewswire/ -- Grupo Sidek, S.A. de C.V.
 (OTC Bulletin Board:   GPSAY GPSBY) today announced a report regarding assets
 sales from March 1, 2001 to March 31, 2001, pursuant to its obligations under
 the restructuring agreements entered into with Sidek Creditor Trust:
 
                              ASSETS SALES REPORT
                      FROM MARCH 1, 2001 TO MARCH 31, 2001
                              (Figures in US$ thousands)
 
       Assets with
         Reorganization Value
         higher than USD$ 5,000     Sales Value  Reorganization Value
 
          I. Hotels                     9,156           9,445
          II. Real Estate                   0               0
          III. Marinas and Golfs            0               0
          IV. Other                    31,522          54,500
          Subtotal                     40,678          63,945
 
         Assets with
          Reorganization Value
          Less than USD$ 5,000
 
         Subtotal (transactions)          351            N.A.
 
         Total                         41,029            N.A.
 
     NA / Not available.
 
 SOURCE  Grupo Sidek, S.A. de C.V.