We released our original profile on Great White Marine (OTC BB: JAWS) on the evening of September 2, 1998. That day the stock closed at $2.85.

On September 9th, just one week after releasing our profile, the stock traded as high as $4.50.

Today when we checked a quote shortly after the open of the market, we discovered to our surprise that the stock was down over $1, and actually traded as low as $1.94. It closed at $2.6875, for a net drop of $.75 for the day. The volume was 1,539,300, way above average.

It is our policy at www.otcjournal.com to share both good and bad news with our subscribers. Below is the text of the news release that Great White Marine (OTC BB: JAWS) provided today:

Thursday September 24, 8:29 am Eastern Time Company Press Release Great White Announces SEC Internet Newsletter Investigation WACO, Texas --(BUSINESS WIRE)--Sept. 24, 1998--Great White Marine & Recreation, Inc. (OTC BB: JAWS - news) announces that it, along with several other individuals and corporations, has received a subpoena duces tecum from the Securities and Exchange Commission (SEC) requesting the production of certain information in relation to certain Internet investment newsletters. The Company fully intends to cooperate with the SEC in their investigation, and believes the investigation is being spearheaded by an SEC task force assigned to prevent securities manipulation and fraud via the Internet.

Great White Marine and Recreation, Inc. is an international distribution company of marine watercraft and recreational vehicles and related products through its network of dealers extending from the southwestern United States into Central America, Mexico, and South America. Brand name products distributed by Great White include Polaris(TM) personal watercrafts and all-terrain vehicles, Mercury(TM) outboard boat motors, Mercury QuickSilver(TM) two-cycle engine oil, and an extensive line of Fisher(TM) fiberglass and aluminum boats as well as Cruisers Yachts. Great White's corporate headquarters are in Waco, Texas with sales, servicing and warehousing facilities in Monterrey, Mexico. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the ``safe harbors'' provision of The Private Securities Litigation Reform Act of 1995.

Contact:
Sitra Enterprises Inc.
512/453-3817 or fax 512/453-7553
E-Mail: info@great-white.com
http://www.great-white.com/
or
Investments 101 Ltd.
800/749-0114

Naturally, this news release was viewed negatively by many investors, which explains the drop in the stock. We would like to take this opportunity to reassure our subscribers that we have not been contacted by the SEC about our relationship with Great White Marine (OTC BB: JAWS). Compensation disclosure seems to be the main focus of these types of investigations, and our policy is to provide full disclosure in our disclaimer.

As we indicated in our original profile, there is an enormous volume of information and "chat" about this Company on the Internet. Subscribers that are curious about today's comments in the chat rooms can link to: Yahoo!! Chat room or Silicon Investor's chat room

Situations like this are unfortunate for shareholders. While it is the SEC's job to protect investors, sometimes their efforts create a negative effect on a stock's valuation. This hurts both shareholders and the Company despite the fact that there has been no change in the Company's actual business.

There has been a lot of publicity lately about SEC investigators watching activity on the Internet. SEC regulations require newsletter writers like ourselves to disclose the compensation we received for publishing the profile. Many newsletters fail to disclose their compensation, which is the primary focus of this investigation. However, Great White Marine (OTC BB: JAWS) is exactly the same company it was yesterday, just 22% cheaper.

Companies like Great White Marine (OTC BB: JAWS) have to use newsletters like ours to expose their story in a mass way to the investing public. This does not mean that there is anything wrong with the Company, it just means that they haven't established a Wall Street following.

If you, as a subscriber, are concerned about our newsletter taking compensation from our client companies for exposing their story, then you should probably cancel your subscription. However, taking compensation from our client companies allows us to continue to provide our newsletter for free to our subscribers. We only profile companies that we believe have a real chance of succeeding. We turn down many more Companies than we ever feature. We are very selective.

A lot of great stocks have come out of the micro cap end of the market. We feel that our subscribers are more interested in reading about stocks, like Great White Marine (OTC BB: JAWS), that climb from the $2.85 level to $4.50 just seven days from the release of our profile. If we continue to find exciting, undiscovered companies like Great White Marine (OTC BB: JAWS), we will continue to keep our subscribers interested in the newsletter.

We cannot predict how this investigation will effect the price of this stock. If Great White Marine (OTC BB: JAWS) is publishing accurate financial statements, the stock will eventually find a level that reflects the financial condition of the Company. Some people will sell because they believe this taints the Company, others will see this pull back as a buying opportunity. However, Great White Marine (OTC BB: JAWS) is the same Company it was yesterday. You make up your own mind.

Please E-Mail us with your questions or suggestions at info@otcjournal.com. We try to answer every question we get. We are interested in your thoughts and suggestions. We will continue to update you as events unfold.

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. 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. The management of OTCJournal.com has re! ceived the following compensation for the dissemination of the Great White Marine corporate profile: 50,000 shares of common stock. On the date of release of the profile, the management of OTC Journal owned no shares of Great White Marine. The OTCJournal.com critiques may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein.

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