To OTC Journal Members:
 

Special Announcement

We are working on a very special edition custom tailored for bargain hunters. The last three weeks have led investors to believe there are other directions stocks can go besides straight down.

There are many technology stocks trading at less than 1% of their previous highs. Stocks are so low the NASDAQ has suspended its minimum $1 bid rule for the remainder of the year and has announced it will review the rule early next year.

Unlike most market environments, individual investors have a competitive advantage over fund managers with stocks at these levels. Most fund managers have thresholds below which they are not allowed to hold stocks. Many funds cannot hold stocks below $5, and others have a $1 threshold. Fund managers have been forced to sell stocks at these levels in order to comply with the rules of their fund, oftentimes against their personal wishes and their own common sense. Fund managers will be able to purchase these stocks again once they appreciate above $1 and $5.

We are working on a list of stocks with compelling values that are very oversold. In order to make the list, the stock must be trading below the cash value the company has per share, and have little or no debt. We will try to publish this exciting edition next weekend. We might call it the "Riskless Rebound" edition. Stayed tuned.
 

Energy Power Systems (OTC BB: EYPSF) Updated Profile

Followers of Energy Power know it has been trading up and down the charts over the last 2 weeks. We are suggesting the company change its symbol to OTIS as the stock goes up and down like an Otis Elevator.

For investors looking for more information on Energy Power, the editors of the OTC Journal have updated our original profile to reflect changing corporate events subsequent to the original release on February 12th.

Click Here to review the updated profile. If you never read our original release this would be an excellent opportunity to familiarize yourself with this company.
 

Envoy Communications (NASDAQ: ECGI) Update

Our inbox is filled with questions on Envoy as the stocks fades into the oblivion of the $1 range. The stock is behaving as if there is something wrong with the company.

We spoke with management briefly this week about this issue. At the corporate level nothing has changed. Fiscal 2001, which ended at the end of September, still looks like roughly $10 million CDN in EBITDA profits. As of right now, business for fiscal 2002 looks about the same as 2001. The stock is trading at about 3 times 2002 EBITDA. The industry average is currently 11 times 2002 EBITDA.

What's the explanation for this pathetic performance? Simple- management is doing nothing at this time to market their company to investors. Their only audience is the members of the OTC Journal.

A plan for a nationwide institutional road show was in place prior to Attack on America, but that is now on hold. We can only hope management will wake up and recognize their responsibility to shareholders and get proactive in telling their story. 

Tax selling could hurt this stock, so it could go lower. One can only hope that despite management's failure to get out and tell their story, someone will come along and recognize the inherent value in this company.

Bottom line- Not worth selling at this price, but it could go lower.
 

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Click Here to view our compensation on every company we have ever covered, or visit the following web address:  http://www.otcjournal.com/disclaimer.html for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading Alerts.

All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. 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, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication.

The profiles, critiques, and other editorial content of the OTCjournal.com 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.govand/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.