To OTC Journal Members:

Season's Greetings to all OTC Journal members. This edition has your year end updates on Blue Zone (NASDAQ: BLZN) and Visa Gold Explorations (CDNX: YVL). Just a couple of quick comments before we get started.
 

A Holiday Card from the Editors at the OTC Journal to You

We have a special holiday card for all our members, especially for those with a sense of humor about the death of the Internet Sector this year. You can forward this card on to other friends and family.

A Note on Trading Alerts

When we issue a Trading Alert please understand we are only looking for a short term move to the upside in a stock. In this hypersensitive bear market you must sell quickly in order to take your profit or preserve your capital. We set a target price we believe you might see, but if the stock does not behave well get out.

No one knows exactly where the bottom is, but we know the Wall Street analysts and the Main Stream financial media will report it after it has already happened.
 

Visa Gold Explorations (CDNX: YVL)

We interviewed Paul Frustaglio of Visa Gold on Wednesday of this past week. Paul gave us a quick look back at Year 2000, and a glimpse of his wish list for the company in 2001.

Here are Visa Gold's major accomplishments in 2000:

• Found their first Shipwreck with historical and financial value within one year of launching their first search.
• Completed a financing- they now have new equipment, no debt, and money in the bank.
• Located other target ships to explore.
• Brought in new, very aggressive management.
• Substantially enhanced their relationship with triumvirate of government controlled Cuban Companies with whom they partner.

Ornamental Pieces for Saddles	Broach embedded  with 27 Diamonds

Accomplishments Planned for 2001:

• Identify and begin exploring for additional ship wrecks, including the Spanish Galleon "Santisma DeTrinidad", which is the fabled ship they were originally trying to locate.
• Begin generating revenues from many potential sources which might include: Private and Public Auctions of Antiquities, Expositions of Artifacts, Merchandising, and Documentaries.
• Obtain a dual listing for the stock on the OTC market in the US.

Our View

We liked Visa Gold from the beginning. This company represents the Treasurer Hunter in all of us, and any day this company could come up with a monumental discovery which could dramatically effect the price of the stock. We believe everyone should own a little of this stock just because it will be fun to be part of the process. and you could make some money.
 

Blue Zone (NASDAQ: BLZN)

We interviewed Jamie Olivier of Blue Zone this past Tuesday. Blue Zone has been receiving some favorable press recently. The stock is down from $15 in March to just above $1, but that performance is hardly unusual in this year's market.

Jamie's view of Blue Zone's accomplishments in 2000 were as follows:

• Built the Infrastructure and deployed their cross publishing technology.
• Have what they believe to be the only cross publishing system that has been adopted by a broadcaster today.
• Received substantial recognition on their technology from peers.
• Obtained NASDAQ listing.
• Completed financing in September which puts them out until 2002 with no additional capital or sales of any kind.

• Expand their customer base to household name US broadcasters.
• Expand to other International Markets.
• Have their technology adopted as the "Industry Standard".

Interesting Facts

Blue Zone's cross publishing technology has been adopted by CTV News in Canada. The technology allows five people, working 24-7, to create approximately 90 to 100 news stories per day. In a normal news environment is requires a staff of 50 people to create about 40 stories per day.

Blue Zone's technology cuts costs and enhances profitability. Any technology which enhances profits is quickly adopted by US corporations. The new year could see Blue Zone at a whole new level of prosperity.
 

Negative Surprise

This past Friday Blue Zone issued a press release which could only be viewed as a major negative for shareholders. The company announced that it had restructured its September financing in a manner which is extremely harmful to existing shareholders hoping to see the stock rise in value.

This past September an institutional investor purchased about 1.8 million shares at $7.05 per share. There were additional warrants and options included in the investment as an incentive. On Friday the company announced it had restructured the financing to 3 million shares for $2.5 million. This drops the cost basis of 3 million shares to $.86 from $7.05. Management's excuse for this harmful move related to the potential for losing their NASDAQ listing.

While we are convinced the company is a great software developer, we believe this moves demonstrates total disregard for shareholders. With 3 million shares now issued at $.86 this stock has very little chance to appreciate significantly until this supply is absorbed. This move lowers the bar dramatically in terms of potential price appreciation in this stock.

If you wish to email the company and express your disgust with management's callous attitude towards its shareholders, use the following email addresses: investorinfo@bluezone.net; jamie@bluezone.net; christopher@bluezone.net.
 

Our View

We really like this company's technology and believe it has enormous upside. Their product could become the industry standard. Management is highly suspect on the corporate side. They demonstrated a complete disregard for their shareholders and a lack of ability to negotiate an acceptable solution to a difficult problem without sacrificing their shareholders.

The market could eat up these 3 million shares quickly with the right corporate accomplishments, but it certainly limits your upside when the bull market returns. The most objective view of Blue Zone we have read recently was published this past week in Canadian Business. Click here if you wish to read the complete text of this article.

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