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To OTC Journal Subscribers:

Recently there were two press releases issued by our parent company, 1st Net Technologies (OTC BB: FNTT) which we have not had the time to bring to your attention.

Both of these press releases are significant because they represent our first publicly announced commercial contracts to provide Internet business solutions and E-Commerce capabilities to client companies. Until now, all of our revenues have been generated by our core Investor Relations business. Therefore, this represents our first revenue stream from new sources of business.

The first contract was announced on Wednesday, February 10th. 1st Net announced the signing of a contract with PCC Group (NASDAQ: PCCG) to perform Internet Marketing services and E-Commerce solutions for PCC Group's products. PCC Group is engaged in the wholesale distribution of microcomputer products and the reselling of computer components to computer assemblers and other resellers. With the introduction of 123CDC, PCC Group will embark on a new strategy to penetrate the end user retail market.

PCC Group currently does over $100 million in annual revenues, and trades on the NASDAQ under the ticker symbol PCCG. To read the full text of the press release, click here.

The second news release came out yesterday, February 10th. 1st Net announced that it had signed a joint venture agreement with Nicklebys.com. The agreement calls for 1st Net to create an effective Internet presence for the Nicklebys.com Web site through a comprehensive development and e-marketing program. Per the terms of the Agreement, 1st Net will be paid a minimum of $50,000 over the next twelve (12) months and, more importantly, acquire 1,000,000 shares of Nicklebys.com Inc. common stock, which represents about 15% of the total outstanding shares.

Nicklebys.com Inc. is a developmental stage company whose mission is to create the premier site on the Internet for facilitating the auction of various fine art mediums. Unlike other auction oriented sites such as ebay.com (Nasdaq:EBAY) and ubid.com (Nasdaq:UBID), most of the pieces that will be offered for bid/sale on the Nicklebys.com site will be held in the company's inventory. This will allow Nicklebys.com the ability to authenticate and certify each and every piece before it is placed on the site for bid/sale.

Top read the entire text of this press release, click here.

As we always remind you whenever we feature information on our parent company, you must view this information as self serving and a potential conflict of interest. However, we are quite pleased with the progress of 1st Net. 1st Net does not compensate us for the dissemination of this information.

One final note: for those of you who are following our current profile, Mirage Holdings (OTC BB: MGHI), management has been out of touch for the past two weeks on business in Pakistan. We have been informed to expect a number of exciting corporate events coming over the next several weeks.

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