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OTC Journal
February 2, 2000	Volume III, Issue 8

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

To OTC Journal Members:

As promised, we have a news release for you on the Hortitech Shareholders Meeting which occurred yesterday. Before we cover that, we would like to point out the Blue Zone, the subject of yesterday's news, closed at a new all time high today of $10.25, and we hear more good events are just around the corner.

Hortitech News Release (OTC BB: HTIC)

Today, shortly after the market closed, Hortitech made an exciting announcement which came out of yesterday's shareholders meeting.

Below is the entire text of the news release for your benefit. If you did not read the original profile, simply click here, and you will be directly taken to it.

We are pleased when companies choose to put their news releases out after the market closes. It allows us to get this information to all of our members during off hours, which gives everybody an even playing field.

The highlight and surprise of today's news release is the announcement of the $4 million funding which was completed. Many of you have e-mailed us questions regarding the weak financial condition of Hortitech. Here is the answer: The company now has $4 million with which to begin the process of finishing the R&D and commercializing this revolutionary new product. The name change to MicroAccel was also approved.

The actual purchase of NV Memory has not occurred yet. Although it was not covered in the press release, we are expecting it to be completed by February 15th subject to the attorneys completing the final paperwork.

Here is today's news release in its entirety. Look for more events soon:

Hortitech Announces Closing of $4 Million Financing and Name Change
Funds to Pioneer Breakthrough in Memory Technology

San Jose, California, February 2, 2000 – Hortitech, Inc. (OTC BB) today announced the closing of a US$4,000,000 private placement of 1 million common shares priced at US$4.00.

In the Company’s news release of January 19, 2000, it was announced that the private placement would involve an estimated 1.4 million shares at US$2.86. As a result of a change in market conditions, the number and price of the shares has been adjusted resulting in the Company only issuing 1,000,000 shares to raise the US$4,000,000.

This private placement completes Hortitech’s financing commitment under the terms of the Letter of Intent to acquire NV Memory. The closing of this financing will facilitate the moving forward of the acquisition.

The funds from this financing will be used to further the implementation of NV Memory’s business plan including: developing its proprietary memory technology, building a corporate infrastructure and expanding the research and development office in Silicon Valley.

In addition, at a Special Shareholder’s meeting held on February 1, 2000, the shareholders ratified the name change of Hortitech, Inc. to MicroAccel, Inc. It is expected that concurrent with a name change, a symbol change will take place.

NV Memory is a developer of nonvolatile computer memory that is expected to be more reliable, faster and require less power than any type of memory currently available. The applicability of this technology ranges from computers and telecommunications to aerospace and medicine; essentially any application where speed, capacity, size, power-consumption, non-volatility, portability, reliability or durability is a consideration.

THIS DOCUMENT MAY CONTAIN CERTAIN FORWARD-LOOKING INFORMATION AND STATEMENTS CONCERNING THE COMPANY’S OPERATIONS, PERFORMANCE AND FINANCIAL CONDITION, INCLUDING, IN PARTICULAR, THE LIKELIHOOD OF THE COMPANY’S SUCCESS IN DEVELOPING AND EXPANDING ITS BUSINESS. THESE STATEMENTS ARE BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT ARE INHERENTLY SUBJECT TO SIGNIFICANT UNCERTAINTIES AND CONTIGINCIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THIS DOCUMENT IS NOT INTENDED TO BE AND IS NOT AN ADVERTISEMENT FOR ANY SECURITIES OF THE COMPANY.

Contact Information
Steve Hanson
The Investor Relations Group NV Memory, Inc.
800-444-9214

Bob Stern
408-441-6360

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