Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Subscribers:

Happy New Year to all our members. We hope 1999 proves both prosperous and profitable for our members and your families.

QUESTION: What do the Internet, The Crayon Crawler, The Financial Browser, IP Telephony and OTC Journal have in common?

ANSWER: It's all in this issue, and it's exciting!

We have some very exciting news to share with you. The OTC Journal Newsletter is owned and operated by OTC Journal Management Corp, a private Colorado corporation. Just recently, OTC Journal was acquired by 1st Net Technologies, Inc. (OTC BB: FNTT), a publicly traded company based in San Diego, California.

We are very excited to become a part of 1st Net and we believe the new ownership and support will give us tremendous resources to create more value for our subscribing members.  1st Net is a full service Internet design, creation and hosting Company, catering specifically to publicly traded companies and the financial communities, assisting them in the imperative areas of database capture, management and Internet marketing. They posted nearly $1,000,000 in revenues (un-audited) during the first 3 quarters of 1998 and actually are showing a  profit! Click here to see their unaudited financial statement for the first nine months of 1998.  The company began operations in early 1998, so this is extraordinary performance for a start up.

1st Net's services are geared towards Internet Marketing on behalf of client companies. These services help a public company market its goods or services on the Internet as well as enhancing their corporate image and communication through the rapidly growing Internet medium.

A flow of client companies are referred through brokerage firms that recognize the value in using the Internet as a vital tool for the dissemination of information to investors (both prospective and current), brokers, and shareholders. Since its inception in early 1998, 1st Net has provided services for over 20 public company clients.  The Company owns and operates various online newsletters, a financial online community web site and a well established 3-year old Internet Mall.

Unlike most young Internet Companies, 1st Net has already established a core service business which generates needed cash flow to fund expansion and facilitate the development of bold, cutting edge Internet software applications currently under development. The name 1st Net Technologies (OTC BB: FNTT) truly describes the future of the Company. 1st Net Technologies  was in fact created to pioneer programs and technologies on the red hot Internet. Not only is 1st Net a successful creator of corporate web sites and lifeblood communication, but they also are creating and introducing technology to further change the shape of things to come on the World Wide Web.  The owners of OTC Journal Management felt strongly that by joining the 1st Net team, not only would we be able to greatly enhance the quality of our newsletter, but we would also be able to participate in the development of Internet related technologies which have $100 million potential.

1st Net already has a successful proven market niche in the Internet business and is already PROFITABLE.  Even Wall Street darlings Amazon.com (NASDAQ: AMZN) and Yahoo(NASDAQ: YHOO) can't boast of profits so early on. Additionally, the stock is properly capitalized (approximately 5,000,000 shares total outstanding), and their exciting new technologies executed through a sound business plan reasonably offers a $100 million dollar upside.

To learn more about 1st Net Technologies (OTC BB: FNTT), check out their web site at www.1stnettech.com.

We are very excited about this new relationship, as it allows us to bring some new value added services to our members.  Here are some links for you to use if you want to learn more about 1st Net Technologies:

1. 1st Net Technologies (OTC BB: FNTT): Corporate Web Site


2. Shareholder Information


3. Financial Statements


4. Management


5. Client Services


6. Crayon Crawler


7. IP Telephony


8. Angel Network

We will describe all these technologies and their benefits and financial models in detail in future correspondence. Our new parent company will allow us to provide many new and exciting services to our members in 1999.

Here is a brief overview of their current technology:

1st Net Mail - This is a proprietary software program that is a combination of a list server, database management, database capture and form creator for Internet web sites. This software was just completed and a commercial launch WILL BE RELEASED in the next 30 days. This very well could be the best email management software available on the market today and early acceptance of the prototype has been exceptional.

Community Browsers - 1st Net is currently developing a line of client server community based web browsers utilizing the Internet Explorer 4.0 as the platform. The idea is to create custom web browsers that will be marketed to infinity groups while adding all kinds of bells and whistles that will generate continued use to establish a foundation for providing transaction oriented e-commerce on the web. The client server aspect will allow 1st Net to create multitudes of closed communities of web surfers and begin an endless array of possibilities and broad based applications.

The first community browser for beta release is the Crayon Crawler. The Crayon Crawler is a client server-based secure Internet browser designed exclusively for children. This high tech browser includes the world's first talking chat room utilizing animated talking characters that actually read you your e-mail out loud. The browser is designed for use in the 5-11 age group and is essential for both parents and schools concerned about children's access to the many inappropriate web sites online today. We believe with the political climate begging for a solution and parents increasingly concerned about the proliferation of pornography on the Internet, the Crayon Crawler is the best solution ever made. For more information on the Crayon Crawler and to get the FREE download for yourself please click here.

The second community browser in development and due for beta release in the next 30 days is the 1st Net Financial Browser.  This browser is being designed for brokerage firms to give to their client base and provide such tools as: portfolio manager, access to account information, real time quote service, and easy access to financial information on the web.

Other community browsers currently in development are a Sports Browser, a Christian browser, and a Georgia Bulldogs Browser. If an idea exists that warrants a specialized community, we can build a unique community browser to accommodate the demand.

IP Telephony - Internet Protocol PC based phone switch that will tie in to all community based web browsers and route calls through the Internet or through traditional landlines. This technology has huge sex appeal and has already generated a huge amount of interest from people in the telecom business. The prospect of the Internet as a means of low cost VERBAL communication has companies chomping at the bit to get involved and adds yet another frontier on the Internet that 1st Net will pioneer.

With the Help of our New Parent Company, here are some new features we plan to introduce over the next several months:

1. Day trading ideas.


2. A continuation of our Virtual On-Line Stock Picking Contest with additional prize money for participants.


3. On-Line Video and Audio presentations and tours of our client companies, including interviews with senior management and real time interactive question and answer sessions.


4. Live On-Line chat sessions with the management of client companies.


5. Additional research tools on stocks accessible through our home site.


6. An upgrade of the level of company we include in our profiles.


7. An expansion of our new feature where we locate IPOs that our members can participate in.

We believe that 1st Net Technologies (OTC BB: FNTT) will become a highly successful Internet services and technology company that will grow very dramatically over the next several years. Naturally, our views towards our new parent company are quite biased, but we are betting on them with our future as our new relationship affirms. If you are considering investing in the shares of 1st Net , you must view our opinions as a potential conflict of interest and self serving.

Please note that 1st Net is not compensating OTC Journal for providing this information.

1st Net Technologies (OTC BB: FNTT) has expert web designers, an Internet Marketing Department, and the ability to host and maintain both web sites and databases on behalf of client companies. 1st Net also has the ability to accept stock and stock options from its client companies in return for services. This accomplishes the following:

• It allows 1st Net's client companies to be very liberal in the use of 1st Net's services, as compensation does not drain their cash flow.
• It allows 1st Net to charge larger fees than it might be able to, as 1st Net takes some risk in accepting stock from client companies as a form of payment.

The acquisition of OTC Journal Management was structured in such a way that our financial performance in 1998 will be added to the financial statement of 1st Net, bringing the sales for the first nine months to well over $1.5 million. When a consolidated un-audited financial statement is available, we will notify our members.

In conclusion, we are very excited about our new ownership.  We believe that we now have the tools in place to become one of the premier Internet resources for individual investors.  Spend some time at our Corporate Web Site, and see if you don't agree.

If you have an interest in continually being updated on the progress on 1st Net Technologies (OTC BB: FNTT), please click here and sign up for the mailing list.  You will automatically be notified of developments at the company.

Now, a quick update on several issues.

1. The Qiao Xing IPO looks as if it will come on January 10th.  For information, preliminary prospectuses, and updates, you can contact Karl Birkenfeld at Barron Chase Securities.  His toll-free number is 888-454-1998.
2. The PTN Media IPO also looks as if it will trade the week of January 10th.  For information, contact Stephen Desiderio at Hornblower and Weeks.  The toll free number is 888-234-0855.
3. The Virtual Stock Picking contest is in beta testing right now.  It will update dynamically, be on our Web Site at all times, and members will be able to access the top performing portfolios at any time, including all trading history.  You might be able to get some valuable ideas from the top performing portfolios of our members.  We had hoped to launch it on January 1st, but there are still some bugs.  Our new target date is January 15th.  We will send out the rules one week prior to the launch of the contest.  $5,000 in prize money has been set aside for the three top performing portfolios over a three month period of time.

Disclaimer

The OTCJournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. All statements and expressions are the sole opinions of the editors and are subject to change without notice. This profile is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, may own stock in and have other financial dealings with the companies who appear in the publication.   The affiliate Company may exercise the aforementioned options anytime at its sole discretion.  The OTCJournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

This newsletter is owned and operated by 1st Net Technologies, Inc. through its ownership of OTC Journal management, Corp. and readers should consider that the editor of this newsletter is now employed indirectly by 1st Net Technologies, Inc.  1st Net has not paid a fee to OTC Journal Management, Corp for the dissemination of this report.

THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCJOURNAL.com.

The foregoing information report  may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited ``safe harbor'' for certain forward-looking statements. Forward-looking statements in this  information report relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.