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To Stellarstocks Subscribers:

Market Comment

We believe that 1999 may turn into a very exciting year for small and microcap stocks.  Those of you who follow this end of the market know that there are many small public companies with excellent growth and earnings that have not participated in the Bull Market.  In fact, most of the money flowing into the markets has been concentrated into a few large names and the Internet sector.

1st Net Technologies (OTC BB: FNTT), our parent company, has performed beautifully this year.  The first trade in FNTT last November was at $.53.  Today the stock closed at $5.625, up over ten times in six months.  We are an Internet solutions provider.

However, performance like this is more isolated than wide spread.  In the last year, the Russell 2000 which is the best measure of small and micro cap stocks is down 10.30%, demonstrating that not all stocks are participating in this raging Bull Market.

However, in the last 30 days, we are finally seeing a rotation of funds into value.  The Bull Market is beginning to spread to other sectors, and the Russell 2000 is actually up 3.08% over the last 90 days.  This suggests to us that money is starting to rotate on a more wide spread basis into stocks that have not participated in this Raging Bull Market, but probably deserve to do so.

The theme of this newsletter is to present companies to our members that we believe could appreciate 100% to 300% over a one year period of time that you would be unlikely to discover on your own.  You must allow a window in time of at least one year to allow the companies to mature and to be recognized by the market.  With money flowing into the small cap sector for the first time in many years, we believe that the remainder of 1999 could prove to be an excellent time to take positions in young companies with a history of profitability and great growth prospects.

Mirage Holdings (OTC BB: MGHI)

Mirage Holdings (OTC BB: MGHI) is the only company we have profiled in 1999 that is not trading at a premium to the price on the date we released the original profile.

When we released the profile in January the stock was trading in the $3.50 range.  We know that many of our members actually invested in this stock closer to the $4 range.  Since January, the stock has traded as high as $4.375, and as low as $2.625.  You could have traded this stock over the last 4 months, and made or lost a small amount of money.  During this same time period, the Company has been providing us with a stream of news releases demonstrating a very positive fundamental trend.

It is simply a matter of time until stocks like Mirage Holdings, that are making tremendous fundamental progress, but haven't been recognized by Wall Street, become targets for substantial accumulation by investors.  With the improving trend in the Russell 2000, money managers and individual investors will inevitably start seeking growth and value in these smaller, unrecognized companies.  Although we cannot predict exactly when Mirage Holdings will pop up on the radar screens of Wall Street professionals, we do know that eventually sales and earnings growth will be recognized and reflected in the share price.

One of the reasons we originally agreed to represent this company was our belief that their relationship with Daimler-Benz Leasing Companies world wide reduced the risk in the stock.  Working off a solid foundation of consistent business with Daimler-Benz Leasing, the Company could then go out and expand.  The last several press releases demonstrate that Mirage Holdings is well on its way to significant growth in fiscal Year 2,000.  Here are some recent corporate events:

• On Thursday, April 8th, Mirage Holdings announced a major new partnership with ICOM Informatique of France.  ICOM is a major player in E-Commerce Internet Solutions in Europe.  Discussions with senior management at the company lead us to believe that this relationship could generate a minimum of $1 million in revenue in year 2,000, a 20% increase over 1999 total sales.  Click Here to read the press release.
• On Friday, April 16th, Mirage announced that the company strengthened its management team considerably by adding Mr. Naeem U. Ghauri as a Managing Director of Netsol UK, Ltd.  Mr. Naeem Ghauri, was a Project Director with Mercedes-Benz Finance Ltd., UK a subsidiary of Daimler-Chrysler, Germany. He managed a substantial project valued over $70 million, which also involved managing a team of 200 project managers, users, programmers and systems analysts. Mr. Ghauri was employed at Mercedes for over four years and recently left to join Netsol UK.  Click Here to read the press release.
• On Tuesday, April 20th, Mirage announced the completion of the acquisition of the remaining balance of Netsol PK and NetSol UK, as we originally believed they would.  Click Here to read the press release.
• On Thursday, April 22nd, Mirage announced preliminary sales results through the first 3 quarters of fiscal 1999.  As expected, sales growth was 300%, and earnings were also up over 1400% over the previous year.  Click Here to read the press release.

 

Investors need to exercise some patience with this stock, and should look at current levels as a potential opportunity.  If you did not read the original profile, now would be a good time to do so.  Click Here to link directly to it.  If you have an interest in this Company, please sign their mailing list for automatic updates on Corporate developments.  Click Here for the mailing list.
 

The Stellarstocks.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. This newsletter is owned by SSP Management, Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net").  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.  To that degree, this newsletter should not be regarded to be an independent publication.  SSP Management, the parent company of the Stellarstocks Newsletter, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Mirage Holdings for a period of one year.  The Stellarstocks.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

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 STELLARSTOCKS.com.

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.   We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm.   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.