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

To OTC Journal Subscribers:

This is a very exciting week for us. Today we have news for you on our parent company, 1st Net Technologies (OTC BB FNTT), and one of our client companies, Great White Marine (OTC BB: JAWS). Late in the week we will have news on Mirage Holdings (OTC BB: MGHI), our most current profile, and Wordcraft Systems (OTC BB: WORC), which has doubled in price recently on huge volume. AXYN Corporation (OTC BB: AXYN) has also had fantastic news this week, which we will provide for you in our next release.

Tomorrow at 11:00 AM, Pacific Time, there will be an interactive, audio/video real time broadcast on the Internet featuring Cliff Smith, the President of 1st Net, and Greg Writer, the CEO of 1st Net. This is the first broadcast of its kind, and we will be using this technology to provide information to our members on our client companies in the coming months. The technology we will be using is provided to us by InterVu (NASDAQ: ITVU), our Internet multi media partner. InterVu is the same company that provided you with many firsts on the Internet including the live broadcast of the first Open Heart Surgery, the launching of the Space Shuttle, and the Internet broadcast of the Clinton Grand Jury Deposition.

In order to view this broadcast, go to the home page of 1st Net Technologies by clicking here, and download the audience management software which appears in the upper left hand portion of your screen.

Once the Audience Management is downloaded on your computer, the next step is to open it and click on Coming Events. From there, you will be walked through the process of registering to receive the audio/video feed tomorrow.

Now onto some very exciting news from one of our client companies, Great-White Marine (OTC BB: JAWS). We first released our profile on Great-White Marine on September 15th. The stock appreciated nearly 60% over the next 10 days and hit a high of $4.50. If you wish to read the original profile, click here. Since that time the stock drifted down to the $2 range as investors waited for the company to release its sales and earnings. The market has been waiting for a new auditor to finish a three year audit, and for the company to file its Form 10 with the SEC to become a full reporting company.

Yesterday, the Company released its third and fourth quarter audited numbers which were compiled by its old auditor. There was only one surprise, the number of shares issued and outstanding had risen dramatically. However, the company's corporate performance has been outstanding. When these figures are confirmed by the new auditor, these numbers suggest a grossly undervalued security. The company finished the year with $.184 per share in earnings. A PE Ratio of 20 would put the stock at nearly $3.70, a substantial appreciation from today's levels. For the full text of the press release, click here.

Here is a table of Great-White Marine's (OTC BB: JAWS) performance over the last two years:

3rd Quarter (September) Sales Earnings
1997
$2,643,827.34
$276,692.58
1998
$6,148,624.34
$832,371.38

4th Quarter (December) Sales Earnings
1997
$2,283,118.11
$238,283.94
1998
$4,454,708.32
$510,658.77

Full Year Sales Earnings
1997
$14,267,862.87
$1,707,676.13
1998
$25,626,662.81
$3,293,196.10 ($.184 per share)

This corporate performance is outstanding. The growth rate is dramatic, and the Company has netted more than 10% on sales for the year, which is excellent.

The stock is still languishing in the $2 range, but this financial performance suggests much higher levels in the future. There are still several questions still to be answered. The new and larger auditor needs to confirm these reports and the Company needs to file a Form 10 to become fully reporting.

We have a lot more news to share with you this week. Expect a higher than normal frequency for our newsletters. Check the subject line so that you can delete the newsletter if you have no interest in the subject.

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 received 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. 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.

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.