OTC Journal Newsletter
March 20, 1999
Volume II, Issue 14

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

To OTC Journal Subscribers:

Well, we finally got our first truly "Stellar" stock in 1999 for our members this week. We have been sharing information on our parent company, 1st Net Technologies (OTC BB: FNTT) all year long. On Tuesday, March 16th we finally gave you a full profile on 1st Net. The stock closed that day at $3.125. On Wednesday, FNTT traded 220,000 shares, and closed at $5.125. On Thursday, after the release of the beta version of the Crayon Crawler, FNTT traded as high as $10.50, closed at $7.81, and traded 550,000 shares. Based on Friday's close of $7.81, the stock appreciated 160% or 145%, depending on how you do the math. We always get conflicting opinions from our members on this issue.

Congratulations to those members that decided to invest in FNTT. You have a substantial profit. We are getting a lot of requests for a price target. It would be inappropriate to make a prediction for the price on the stock of our parent company. We can tell you that we have a management team that is totally committed to taking First Net a lot farther than it is today. We can also tell you that there is nothing wrong with taking a profit when you get lucky enough to make such a good short term profit. It's your money, so you be the judge.

If missed the profile of 1st Net and wish to read it now, click here to read it. Our March profile will be out within 10 days.

Now, onto the topic of the day. Our current profile, Mirage Holdings (OTC BB: MGHI) issued a press release just at the bell on Friday. The Company announced that they completed a contract for Fuzzy Logic, a German software company. This is significant because it notifies us of the second contract they have completed for a major company aside from Daimler Benz Leasing. The other company was ICI, the huge British chemical conglomerate.

One other observation- the stock seems to have found a solid base in the mid to high $3 range. This technically positions the stock for higher levels. Perhaps the stock is now ready to trade solidly above $4.

Now, here is the entire text of the press release for your review:
Friday March 19, 3:59 pm Eastern Time
Company Press Release
SOURCE: Mirage Holdings, Inc.

Network Solutions (Pvt.) Ltd. ('Netsol') Successfully Completes Project with Important New Customer in Germany

SANTA MONICA, Calif., March 19 /PRNewswire/ -- Network Solutions (Pvt.) Ltd. ("Netsol"), a subsidiary of Mirage Holdings, Inc. ("Mirage") (OTC Bulletin Board: MGHI - news) is pleased to announce that it has successfully completed a project with a new European customer FUZZY! Informatik of Germany. This project required the development of software components for their product line based on Fuzzy Logic. The software featuring object-oriented technology was developed in Microsoft (Nasdaq: MSFT - news) Visual C++ using RogueWaveC++ Library and documented in Rational Rose 98.

The software components for FUZZY! Informatik were developed at the Netsol development facility located in Pakistan based on their offshore software development model. This project was awarded to Netsol in January 1999 and was developed and delivered within the agreed time frame, specifications and budget. The CEO of Mirage, Mr. Najeeb Ghauri, commented on this tremendous new opportunity for Netsol by saying, "Netsol has become a multi-national software development company in a rather short period of time. The company is expanding at a tremendous pace globally and the list of new customers is growing dramatically. Also, Netsol is not just limited to the leasing and finance industry any longer, as the company is expanding into many new IT related solutions and services."

The implementation of the FUZZY! Informatik project could potentially open many new opportunities for Netsol in Europe and new projects are currently being explored with FUZZY! Informatik and Netsol's management team. The business relationship with FUZZY! Informatik could also potentially create even greater opportunities with many new blue chip customers in the European market.

FUZZY! Informatik, based in Ludwigsburg, Germany, is a privately held software house. They have a successful five year track record specializing in FUZZY Logic based information retrieval products. The company has several blue chip customers in Europe and their business is consistently growing.

Mirage owns 51% of Network Solutions (Pvt.) Ltd. and 43% of Netsol UK, Ltd. Mirage is traded at OTC-BB under the symbol MGHI.

Included in this material are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct.

For further information contact: Najeeb Ghauri, 310-395-4073, najeeb@mghi.com, or visit the Company's web site at www.mghi.com.

DISCLAIMER

The OTC Journal.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. This newsletter is owned by OTC Journal Management, Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net"). 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. To that degree, this newsletter should not be regarded to be an independent publication. OTC Journal Management, the parent company of the OTC Journal Newsletter, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Mirage Holdings for a period of one year. The OTC Journal.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.

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.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. 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.