EXHIBIT 4.1

                 NOTICE OF EXTENSION OF WARRANT EXPIRATION DATE

To:  Holders of Azurel, Ltd. Redeemable Common Stock Purchase Warrants

     Azurel, Ltd. (the  "Corporation")  hereby provides notice that, pursuant to
Section 2 of the Warrant  Agreement  between the  Corporation and North American
Transfer  Co.  dated  July 30,  1992  (the  "Warrant  Agreement"),  the  Warrant
Expiration  Date is hereby  extended to 5:30 p.m.  (New York time),  on July 29,
2005 or the Redemption  Date,  whichever is earlier;  provided that if such date
shall  in the  State  of New  York be a  holiday  or a day on  which  banks  are
authorized to close,  then 5:30 p.m.  (New York time) on the next  following day
which,  in the State of New York,  is not a holiday or a day on which  banks are
authorized to close.

     You may elect to exercise  your  Warrants upon the terms and subject to the
conditions  set forth in this  Notice,  the Warrant  Agreement  and your Warrant
Certificate.  All terms used and not  otherwise  defined  herein  shall have the
respective meanings set forth in the Warrant Agreement.

Very truly yours,
/s/ Edward Adamcik
Edward Adamcik
VP of Operations