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

To OTC Journal Members:

We have a lot of exciting new developments to report on new services and features we will be providing on the OTC Journal Investment Portal Site.  Before we get started here is a quick update on a subject we covered  briefly last week.

Last week a small but well respected Chicago based brokerage firm published a Buy Recommendation on NetSol International, one of our featured companies with a price target of $6.  It the stock manages to climb to $6, it would represent a 71% return on invested capital from today's levels.

The Buy Recommendation was released on Wednesday, and the stock surprised us by trading sideways on extremely light volume the next day.

The lack of follow through from the Buy Recommendation might be explained by a technical problem which effected many stocks and several brokerage firms on Thursday and Friday last week.  On Thursday there were no volume reports flowing through on any stocks which trade on the NASDAQ Bulletin Board until just before the market closed.  The same problem occurred Friday, and we have heard that several of the major On-Line discount firms were experiencing outages of their trading systems.

We believe that this data flow problem with the NASDAQ electronic system may have dampened what might otherwise have been a very enthusiastic response to excellent news on the Company.

D. Grey Merriman, analyst for the firm has written an Institutional quality research report with a full earnings projection model and comparatives to existing public companies.

We have done some homework on behalf of our members, and here are several links to help you do your own follow up research on this new development.

You can learn more about this brokerage firm by going to their web site at http://www.houlihansmith.com.  The biographies of their management can be found at http://www.houlihansmith.com/index2.html.

Most importantly here are two links which will open a web page with the entire research report on it:

• Click Here for Research Report
• Here is the direct link: http://www.houlihansmith.com/netsol.htm

Houlihan Smith & Co. just issued this Research Report last Wednesday.  They have not begun to circulate it amongst their institutional following.  We have also been informed that their earnings projection and their BUY rating will appear at both First Call and IBES, two institutional research services.

This stock truly looks poised for higher levels.  Management informs us that they are on track to achieve $15 million in revenues this year, up from $5 million last year.  This is the first brokerage firm to institute coverage which bodes well for early investors.

Please read the entire research report before making any investment decisions.  Always invest carefully because, remember, it's your money.

We would like to thank all of our members that have been helping us Beta Test the Stock Game.  We appreciate all your comments and suggestions.

We are shooting for August 15th as the official start date to play the game for real money.  The Game will then be referred to as 1st Net's $36,000 Stock Game.  We will be allocating $36,000 annually in prize money for the best performing players.  On a Monthly basis we will award $3,000 according to the following schedule:

• $1,500 for first place
• $1,000 for second place
• $500 for third place

• A number a players are buying and selling stocks using an artificial arbitrage technique to enhance their profits.  The Game operates off a 15 minute delayed quote.  We believe players are buying and selling stocks using real time quotes knowing where the stock will be trading in 15 minutes.  We will find a solution to prevent this activity.  Don't be overly impressed with some of the performances at the top of the list.  It is artificial.
• When our quote feed is down portfolios reprice the value of the securities to Zero.  This will need to be fixed.
• The game is not configured to adjust for stock splits.

Day Trading Resources

We have nearly completed the terms of a formal relationship with what we believe is the best Brokerage Firm geared to provide trading services to the serious Day-Trader.

In conjunction with this new a relationship, we will also be establishing a relationship with one of the Premier Newsletters that publishes specific day trading ideas.  We should be able to announce these new relationships within the next several weeks, and begin providing you with content on a regular basis.

IPO Resources

IPOs are receiving a lot of publicity from the media within the explosive opening prices of some of the Recent Internet Related IPOs.  We will be putting a button up on our home page where we will provide access to upcoming IPOs through our relationships with brokerage firms all over the country.   This will give you the opportunity to contact brokerage firms directly with the potential to participate in their upcoming IPOs.

• 1st Net and InterVu Audience Manager Software
• InterVu EyeQ Multimedia Manager

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 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.