Newsletter

You can unsubscribe from this list at any time by Clicking Here and HITTING SEND. If you are having difficulty removing yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi.


OTC Journal
October 31, 1999	Volume II, Issue 53

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

To OTC Journal Members:

Update on Netsol International (OTC BB: NTWK)

Our best profile of 1999, which was also our first, continues to perform beautifully. We originally profiled NetSol International on January 15th at $3.75. At the time the Company was known as Mirage Holdings. Prior to finding its way to its current all time high of $7 the stock traded as low as $1.625.

Since the first release we have brought you 21 updates on NetSol, indicating that we know when we have latched on to a winner. After our last update we received numerous questions from members asking whether they should buy the stock. We do not publish buy or sell recommendations. We provide you with the facts. We recommend that you confirm the facts with other outside sources, then make up your own mind remembering that it's your money, and therefore you should invest very carefully.

On October 9th we informed you that a hedge fund manager had filed a 13-G with the SEC which showed that he had accumulated 561,000 shares of NetSol's stock. We also pointed out that Infosys Technologies (NASDAQ: INFY), an India based company which is a much larger version of NetSol International has been one of the hottest stocks of 1999. Despite the fact that Infosys is a much larger company, the comparable market capitalizations suggest that NetSol is undervalued even at its all time high.

Earlier this month another India based technology company, Satyam Infoway (NASDAQ: SIFY) came public at $18 per share. The stock is currently trading at $38.75 proving that the market is not afraid of companies in that part of the World.

One more interesting event has occurred recently. The StockReporter, a European Publication with which we were unfamiliar, picked up coverage on NetSol International and placed a $16 price target on the stock in the Year 2,000. One of our members had spotted this report on the Internet, and brought it to our attention.

If you would like to read the entire text of the StockReporter's publication, simply click here, and you will be taken directly to the place on the Web where we were able to locate the entire piece. If their conclusions are correct, this stock could appreciate another 120% before the end of the Year 2000.

Market Comment

The last few days have seen much needed relief for depressed large cap stocks. The market surged dramatically with diminishing fears of further interest rate hikes and inflation seemingly benign.

If this momentum can be maintained, look for an influx of capital into small and micro cap stocks which have been severely depressed since the middle of July (with the exception of NTWK). Our parent company, 1st Net Technologies (OTC BB: FNTT), was oversold at the $2 level, and surged to $5.25 within two days of announcements concerning progress with the revolutionary Crayon Crawler browser for kids.

The stock has settled back into the $3.50 range, and volume has slowed. Investors that feel they missed an opportunity to pick up an undervalued stock might want to revisit the stock now. 1st Net has traded as high as $10.50 in 1999.

As always, we remind you that 1st Net Technologies is our parent company. Therefore, you must consider any comments we make on 1st Net to be self serving and a conflict of interest.

Links to Free Downloads

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. 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 OTC Journal, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Netsol International for a period of one year. The OTCjournal.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 OTCjournal.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.