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To OTC Journal Members:

1st Net $36,000 Stock Challenge Update

We kicked off the long awaited stock game Wednesday morning, September 1st, for real cash prizes.  We had been in beta test since the middle of June.  We immediately had twice as many players as we had during the entire beta test, and about 10 times as many trades to process.

If you are not playing the 1st Net $36,000 Stock Challenge, you can find it at www.1stnetstockgame.com.  It is a simulated stock trading game played on a monthly basis, and the three best performing portfolios receive cash prizes of $1,500, $1,000, and $500 for 1st, 2nd, and 3rd.

The server crashed about two hours into the first day, and crashed at least four more times that day.  Wednesday evening we had to redesign the operating system of the game and upgrade the hardware.  Thursday morning it was running fairly smoothly.

Then we took a look at the trading histories of the leaders and determined that most of the top performing players were cheating.  On Thursday night we canceled out everybody's trades and started over.   Today the game developed some bugs which it did not previously have, and many portfolios have inaccurate values.  Those will be fixed before the open next Tuesday morning.

We will be disqualifying a number of the current leaders that are in violation of Rule 8.5 which forbids the use of Real Time quotes to get a trading advantage over the 15 minute delayed quote that runs the game.

We got some excellent suggestions from some of the players for Rule Changes to make the game fairer for all competitors.  Here are the ones we are considering implementing for the October Version of the Game:

• Stocks must be held for at least two hours.
• No more than 10,000 shares may be purchased of any one stock.
• No stocks under $1 will qualify for the game.

We wanted to make sure that all of our members were aware of Dr Geist's monthly column.  Dr. Geist, a Harvard PhD in psychology, writes a monthly column on the psychology of investing for our members.  If you did not read the last several columns, you can get to them by clicking here.  His most current column entitled "Talking With Management" is very enlightening.

Congratulations to the members that invested quickly in Stock Group.com (OTC BB: SWEB).  We released our profile last weekend with the stock closing at $3 on Friday.  Yesterday the stock closed at $3.75 for a one week gain of 25%.  The stock traded as high as $4.50 during the week for a gain of 50%.  Look for some exciting developments soon on this Company.

If you did not get a chance to read the profile, and would like to do so now, simply click here, and a web page will automatically open the that edition of the newsletter.

• 1st Net and InterVu Audience Manager Software
• InterVu EyeQ Multimedia Manager
• Crayon Crawler - Web safe environment for Children

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