RENO, Nevada--(BUSINESS WIRE)--Oct. 12, 1995--Pacific International Enterprises Inc. (NASDAQ/BB:PCIE/D) is pleased to announce its acquisition of CRUSH Innovative Sports Systems, Inc. in exchange for shares of Common Stock in a tax-free merger. In contemplation of the acquisition, Pacific International Enterprises effectuated a one-for-five (1:5) reverse stock split. CRUSH Innovative Sports Systems develops sporting goods that incorporate its proprietary "quick release" fastening technology. The company focuses its products on established and expanding markets, such as snowboarding and in-line skating. Richard Perkins, President & CEO of CRUSH stated, "Today's sports enthusiasts, whether professional or novice, are demanding products that increase performance, provide maximum comfort and are easy to use. Our proprietary fastening technology allows us to design superior products that fulfill these consumer demands." The Company's initial product is its patented and proprietary T- Bone(tm) Snowboard Binding System. CRUSH has entered into an exclusive distribution and joint boot development agreement with Monark Sporting Goods, a wholly owned subsidiary of Elan, the third largest manufacturer of snowboards in the world. The T-Bone(tm) System addresses the deficiencies of current snowboard bindings by providing superior levels of performance, comfort and convenience. As a result of the merger, CRUSH has become a wholly owned subsidiary of Pacific International Enterprises. A new Board of Directors and new executive officers of Pacific International Enterprises have been appointed, consisting of Richard Perkins (President), Bill Kearns (Executive Vice President - Operations) and Edward Hanson (Chief Financial Officer). Each also serves as a member of CRUSH's Board of Directors. --30--JSJ/np* CONTACT: Woodbridge & Associates 800/824-4011; 714/251-3436 or CRUSH Innovative Sports Systems Inc. Richard Perkins, 714/816-0200