Preliminary Copy
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                           MERCRISTO DEVELOPMENTS INC.
                               240 Argyle Avenue
                        Ottawa, Ontario, Canada K2P 1B9


                             INFORMATION STATEMENT
                             ---------------------


                              GENERAL INFORMATION

     This Information  Statement is furnished to stockholders in connection with
the taking of corporate  action (filing an Amended  Certificate of Incorporation
to change the corporate name to Addison Industries,  Inc.) based on a Consent of
Shareholders  signed  by the  holders  of a  majority  of the  voting  shares of
Mercristo  Developments,  Inc. (the "Company").  This  Information  Statement is
being first mailed to stockholders on or about September 20, 1998. The corporate
action will be taken at least twenty (20) calendar  days after this  Information
Statement is sent.

     The  cost of  sending  this  Information  Statement  will be  borne  by the
Company.  The Company has  requested  persons  holding stock for others in their
names or in the names of nominees  to forward  this  material to the  beneficial
owners of such shares and will, if requested,  reimburse  such persons for their
reasonable expenses in so doing.

     As of the mailing date of this Information Statement, there were issued and
outstanding 17,840,519 shares of the Company's Common Stock, par value $.001 per
share (the  "Common  Stock").  Only  stockholders  of record on the books of the
Company at the close of business on the mailing  date are being sent this notice
of the corporate action described herein.

     The holders of a majority of the outstanding Common Stock have approved the
corporate  action  and no further  vote is  needed.  WE ARE NOT ASKING YOU FOR A
PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.



                 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
                                 AND MANAGEMENT

     The following  table sets forth as of the mailing date certain  information
concerning  shares of Common  Stock  held by (i) each  stockholder  known by the
Company to own beneficially  more than 5% of either class of Common Stock,  (ii)
each  director of the Company,  (iii) each  executive  officer with  disclosable
compensation,  and (iv) all directors and executive officers of the Company as a
group.

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                                  COMMON STOCK
                               BENEFICIALLY OWNED

NAME AND ADDRESS OF                              NO. OF                 PERCENT
BENEFICIAL OWNER (1)                             SHARES                 OF CLASS
- --------------------                             ------                 --------

David G. Edwards (2)                            8,650,000                48.5%
Patricia L. Edwards (3)                        see note (3)             Note (3)
Kenneth A. Edwards                                 -0-                     0%
Argus Financial Consultants Ltd.                1,280,000                 7.2%
Box 246, One Winterhaven, Stubbs Road
Providenciales, Turks and Caicos Islands
British West Indies
All Directors and Executive Officers
as a Group (3 persons)                          8,650,000                48.5%

(1)  Unless otherwise  indicated,  each stockholder  shown on the table has sole
     voting and investment power with respect to the shares  beneficially  owned
     by him, her or it.  The  address  of each of the  directors  and  executive
     officers of the Company is c/o  Mercristo  Developments,  Inc.,  240 Argyle
     Avenue, Ottawa,  Ontario, Canada K2P 1B9. Percentage of less than 0.1% have
     been omitted from the table.

(2)  Represents 8,450,000 shares owned by Resi Corp., a Canadian corporation, of
     which Mr.  Edwards is a sole  shareholder  and  director and over which Mr.
     Edwards has voting and investment power.

(3)  8,650,000  shares  are owned by Mrs.  Edwards'  husband,  David G.  Edwards
     (200,000 shares  directly,  8,450,000  indirectly by Resi Corp., a Canadian
     corporation,  of which Mr. Edwards is a sole  shareholder  and director and
     over which Mr.  Edwards  has voting and  investment  power).  Mrs.  Edwards
     disclaims  beneficial  ownership  of all of the shares  owned  directly  or
     indirectly by her husband.


                                CORPORATE ACTION

     By a  majority  vote of  shareholders,  by means of a  written  Consent  of
Shareholders  dated on or about  August  28,  1998  signed by the  holders  of a
majority of the Company's  Common Stock,  its only voting shares,  the Company's
name is being  changed to Addison  Industries,  Inc.  Such  change  will  become
effective  upon the filing with the  Delaware  Secretary  of State of an Amended
Certificate of Incorporation. The majority shareholders prefer the new name over
the old name and feel it will project a better image for the Company.

 
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                                  OTHER MATTERS

     By a Consent of  Directors  dated on or about August 28, 1998, a six shares
to one share stock  consolidation  or "reverse stock split" was declared for the
Company's  Common  Stock.  This is  intended  to  streamline  and  simplify  the
Company's market capitalization.



                                           BY ORDER OF THE BOARD OF DIRECTORS


                                           /s/ Patricia L. Edwards
                                           -------------------------------------
                                           Patricia L. Edwards
                                           Secretary

Dated:  September 1, 1998


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