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To OTC Journal Members:

Welcome to the 21st Century.  Consider people's lifestyle at the turn of the last century as opposed to today.  Now try to visualize life at the end of this century.  It boggles the mind.

We have a lot of exciting programs planned for Year 2,000.  Here are two upcoming events you will want to put on your calendar:

• On Wednesday, January 12th, we will be introducing our members to the first Private Placement opportunity that we have ever covered.  This is not a solicitation to buy or sell any securities.  It is simply a referral to a company that we believe will go public in the next one to two years, and is currently raising capital to fund their expansion.  We will give you the facts and the mechanism to contact the company directly if you are interested.  This is a true "Ground Floor" opportunity that could yield huge returns, but is also very risky.
• On Friday, January 14th we will be rolling out our January profile.  This is a technology company with breakthrough potential that is incredible.  Get ready to read the profile and see if you don't agree.

We believe that the current correction in the Technology Sector is a new phenomenon that we have never seen before.  For lack of a better description, we will call it an "Inverted January Effect".

The term January Effect refers to the annual year end sell off in poorly performing securities.  Investors tend to sell their losers at the end of the year for tax purposes.  Due to the seasonal absence of buyers, many of these securities become "Oversold", and tend to bounce back once the year end selling pressure is off and buyers resurface.  This is known as the January Effect.

We believe that there is a new twist on this old theme occurring this year.  We had a meteoric rise in the value of technology stocks in the 4th Quarter of 1999.  The NASDAQ Index was up 85% in 1999, setting a new record for any index in the history of stocks.  The majority of those gains came after October 1st.

Fund managers and retail investors were sitting on huge profits at the end of the year.  No one wanted to sell due to tax considerations.  Retail investors that waited until after the first of the year to take profits delayed the tax consequences until April of 2001, buying themselves 12 months on tax liabilities.

Fund managers enjoyed outstanding performance statistics on their funds at year end.  Selling pressure from fund managers would have inhibited that performance and created tax problems for their investors.

We believe that this "Inverted January Effect" resulted in enormous pent up demand to take profits right after the first of the year, and the markets sold off in a short term blood bath this week.

Our guess is that most of the damage has been done, and there are now some lower risk entry levels for both small and large cap stocks.   A more ominous stumbling block for the markets is rising interest rates.  This will have the effect of cooling off the market until there is a perception that interest rate increases have come to an end.

All in all, we believe it will be a great year for both small and large cap stocks.

NetSol International (NASDAQ: NTWK)- The News just keeps getting better

Our members should all know NetSol intimately by now.  It was our huge winner in 1999, and the news just keeps getting better.

This week they announced breaking ground on their new facilities in Pakistan which, when completed, will allow the company to increase its skilled labor force to 600.

They also announced the the closing of another acquisition which gives them a full foot print in Australia.  Click Here to read both news releases.

However, the most exciting news that came out this week was found in an article published in the high profile on-line financial publisher TheStreet.com (NASDAQ: TSCM).

Yesterday, a column was published in TheStreet.com by Nick Watson, their U.K. correspondent.  There are some comments in the column from Wall Street guru Jonathan Iseson, the hedge fund manager of Blue Water Partners which, according to SEC filings, has accumulated about 1 million shares of NetSol in the open market.

Here is a paragraph directly from the column:

"The potential of NetSol has piqued the interest of some investors. Jonathan Iseson, who runs the hedge fund Blue Water Partners and is long NetSol, says Infosys and Satyam Infoway (SIFY:Nasdaq ADR - news) trade at about 400 times their estimated 2000 revenues. He adds that if you apply that multiple to NetSol's forecasted $20 million revenue in 2000, the stock should be trading at more than 200. "

The symbol for Infosys is NASDAQ: INFY.   Infosys started 1999 at about $40 per share and is currently trading at $350.   Satyam Infoway (NASDAQ: SIFY) came public in October at $18, and is currently trading at $198.

Here is a direct quote from Jonathan Iseson which appeared in the column:

"I'm not seriously arguing that the stock should be over $200, but in terms of its growth I see a near-term target of $35 to $40," Iseson says."

If you wish to read the column in its entirety we have a link for you.  However, if you are not a subscriber to TheStreet.com, you will have to sign up for the free one month trial in order to access the column.  Click Here to go directly to the column as published by TheStreet.com.

Based on this column it is clearly stated that the Hedge Fund Manager that has accumulated over 1 million shares still sees great upside for the company.  They are expanding rapidly, and the stock could still be in its infancy.

If you own this stock now you might be wise to simply let your profits run.  If you don't own it or have sold it for a large gain, you might want to reevaluate the investment.

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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. This newsletter is owned by SSP 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.  SSP Management, the parent company of the OTC Journal, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Netsol International for a period of one year. The term of representation expires on January 15, 2,000.  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.

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.   We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm.   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.