OTC Journal Newsletter
February 1, 1999 Volume II, Issue 8

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

To OTC Journal Members:

Dear Members:

There were two very exciting press releases issued by AXYN Corporation (OTC BB AXYN), our Y2K undiscovered gem. For those members that have been following this Company, you know that we have felt all along that AXYN would begin signing some very high powered contracts in 1999.

The first of those contracts was announced last Tuesday, January 26th. AXYN Corporation announced the signing of a contract estimated to be worth over $24 million in business with three major Polish Industrial Clients. Furthermore, AXYN announced that AXYN Canada and Unitra-AXYN have signed a Letter of Intent to undertake the provision of a crisis management centre for the Polish Ministry of Interior and Administration. Click here to read the full text.

On Wednesday, January 27th, AXYN came out with another blockbuster announcement. The Company announced that it had signed an agreement with Computer World Service Corporation to provide AXYN's Y2K desktop tools to their 2,000 federal and commercial clients. Click here to read the full text of this press release.

These are very exciting developments for this Company. We believe that if contract signings continue at this pace, it is only a matter of time until this Company starts popping up on the radar screens of investors all over Wall Street. We were quite surprised that these news announcements did not push the stock to much higher levels. Sooner or later investors are going to find ut about this Company, and then the stock will trade much more efficiently when news announcements like this come out.

If you never read our original profile, click here for a link to it.

Now, here is the entire text of the news release on the signing of a $24 million contract for those who wish to read it:

Tuesday January 26, 2:14 pm Eastern Time

Company Press Release SOURCE: AXYN Corporation

AXYN Signs Agreements Valued Over $24.M in Poland

DENVER, Jan. 26 /PRNewswire/ -- AXYN Corporation (OTC Bulletin Board: AXYN - news) today announced that AXYN International through its Polish joint venture company, Unitra-AXYN Sp. z o.o. has signed Y2K agreements valued in excess of $24.M USD in Warsaw.

Unitra-AXYN signed three agreements with leading Polish industrial clients for its year 2000 products and services associated with PC Desktop Products, Embedded Systems and Legacy Systems services. These agreements were signed in conjunction with this weeks visit by Mr. Jean Chretien, the Canadian Prime Minister who lead a trade delegation to Poland. Mr. Sandy McQuarrie, AXYN's Senior Vice President of Business Development traveled with over 100 Canadian business leaders and this initiative lead to the signing of these agreements. AXYN's Canadian subsidiary, AXYN Canada participated in the contract signings and will provide the bulk of the products and technologies to be utilized in executing these agreements.

Specifically, AXYN Canada and Unitra-AXYN have signed a Letter of Intent to undertake the provision of a crisis management centre for the Polish Ministry of Interior and Administration. This LOI will lead to the design and construction of a purpose built center to permit the Ministry of Interior and Administration to deal with any potential crises associated with the year 2000 problem and in the long term with natural disasters such as the 1997 severe flooding in Southern Poland. It is anticipated that this contract will generate approximately $20.M USD with significant Canadian content.

The additional agreements included: a three year, $3.M USD agreement between Unitra-AXYN and EnergoProjekt Consulting to cooperate in the delivery of Embedded Systems solutions to the electric power generating stations located throughout Poland. AXYN will provide Y2K Embedded Systems methodology, training, personnel and software in partnership with EnergoProjekt's engineering staff to their client's hydro generation and distribution centers; and a $1.M license agreement with Pablo Soft to distribute their Healthcare Management system software world-wide under AXYN's brand name. This software is a multilingual patient records management software product that allows patient files to be moved geographically into various language jurisdictions and allows medical staff to read patient information in multiple languages.

AXYN Corporation is a global provider of software solutions that also address the growing demand for Year 2000 fixes. AXYN is a unique Y2K player as a full provider of technologies, products and services in the Year 2000 field. AXYN has Desktop, Network, Legacy and Embedded solutions to help solve the millennium problem for its clients. AXYN Corporation has offices in the United States, Canada and Europe. For more information on AXYN Corporation please visit our web site (www.axyn.com).

The statements made in the press release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market demand and acceptance, the impact of competitive products and services, risks associated with results and timing of technology development and commercialization, the Company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions, including risks inherent in international operations and the ability to attract and retain technical personnel, risks associated with, as well as the Company's ability to manage, a consulting services business and other risks detailed from time to time in the Company's Securities and Exchange Commission filings.

SOURCE: AXYN Corporation

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