To OTC Journal Members:

As promised this is our special edition covering today's annual shareholder meeting of Envoy Communications (NASDAQ: ECGI). There were two press releases issued out of the annual meeting, both very exciting. With the market showing signs of life perhaps today's news can break the stock out of the $3.50 range. However, we continue to caution our members on their trading practices. This is a market to accumulate small companies with earnings when the stocks are quiet and no one wants them. It is a tough market for quick trades. Investors with a willingness to accumulate the right stocks at these levels should be willing to hold into the next bull market and look for doubles and triples on their investments.
 

Envoy Announces Contract to Build Microsoft.net Application

Many analysts believe there will be a major resurgence at Microsoft (NASDAQ: MSFT) on the back of the highly publicized next generation of products known as Microsoft.net.

In a recent article Bill Gates stated that we haven't seen the applications which will be developed for the Internet. Microsoft.net is the future according to Gates. Here is an excerpt directly from Microsoft's web site:
 

Microsoft.net will be a core operating systems with hundreds of applications which will allow a seamless interface between your desktop, laptop, and hand held computer device.

Components are being developed and Microsoft.net is going to be released over the course of the next two to three years.

Today, at their annual shareholders meeting, Envoy announced that Sage Consulting, their wholly owned subsidiary, has been 
been awarded a contract by "Microsoft Corporation of Redmond Washington to develop an application using Microsoft .NET technologies, including Visual Studio .NET and the .NET Framework.  Sage's one-of-a-kind Windows-based application will demonstrate the ability to create rich windows-based applications that integrate with Web-services and take advantage of security and automatic deployment features built into Microsoft .NET. The Sage initiative will serve as a template for future developers of Microsoft .NET-based applications."

In essence, this press release reveals Microsoft has hired Envoy to develop software for its next generation of products in the area Bill Gates views as the future of the company. Microsoft rarely goes outside home to hire software developers.

In any other market environment this press release alone would probably run the stock to $8 to $10.

To read the entire text of the press release click here. For more information on Microsoft.net click here.
 

Envoy Announces Contract from Intel for Devlin Subsidiary

In a second press release coming out of the annual shareholder's meeting, Envoy announced their wholly owned subsidiary, Devlin Design, had been awarded a contract from Intel (NASDAQ: INTC). The press release was not specific on either the size or scope of the contract, and other new contracts were also mentioned in the news.

In the same news release Envoy announced the Leagas Delaney acquisition was on track to close at the end of April, and they had received a term sheet from a major Canadian bank to finance the entire transaction through bank loans. This is good news for shareholders. It means Envoy will not have to raise equity capital in these horrendous market conditions. It allows management the luxury of completing the acquisition with a loan, and taking out the loan with an equity raise when market conditions are more favorable.

To read the entire text of the press release click here.
 

Conclusion

Out of today's annual shareholders meeting comes news of a major contract to develop software for Microsoft's (NASDAQ: MSFT) next generation of products and a new contract with Intel (NASDAQ: INTC).

Put the stock certificate in the safety deposit box and forget about it. We'll let you know when it's time to pull it out. With news of this magnitude this stock will eventually end up on the radar screens of Wall Street money managers.

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