To OTC Journal Members:
 

Correction From Weekend Edition

Astute readers might have noted a serious faux pas in this past weekend's edition entitled "The Dog Days of August and the Summer Grind- Where Are We Headed?"

Despite having gone out on Saturday, the date at the top of the edition read "January 2, 2003". While many may accuse me of being somewhat dim-witted on occasion and being in a general state of confusion most of the time, I can assure you I do know Saturday was actually August 16, 2003. A quick glance at the thermometer reminds me its the middle of summer. Since I know I don't live in the southern hemisphere, it can't possibly be January.

I simply forgot to change the date on my template. Must be heat stroke. My apologies. The date will be corrected on the web page version. 
 

NetWork Installation (OTC BB: NWIS) In the News- Extensive New Contracts and First 10Q Filing

The August 2nd trading alert on Network Installation led to one of the most exciting moves in a stock we have seen in quite some time. As I stated in the original presentation, Network Installation was a completely undiscovered idea in the red hot Wi-Fi sector.

As Wi-Fi is still in its infancy, there will be considerable scrambling over the next two years by various companies to position themselves in this burgeoning market.

OTC Journal members were treated to an exciting ride for a couple of days, as shares of NWIS opened at about $2 on August 4th, and found their way to a high trade of $6 for an absurd two day return of 300%. Subsequently, I published a comment suggesting the stock had gotten ahead of itself and shouldn't be looked at until it pulled back into the $2.25 to $2.75 range.

Since publishing the first of what I expect to be many editions of Network Installation, the company has announced the following:

• A partnership with FTS Wireless
• A new project order from USC (University of Southern California)
• A new project order from Sunrise Assisted Living
• A new project order from Wells Fargo Bank

Today, just after the market closed, Network Installation announced another new contract signing and their first 10Q filing since becoming a public company.

Network Installation announced today that it has been awarded a $228,000 contract  from the Placentia Yorba Linda Unified High School District. 

Also, the company announced its June quarterly revenues came in at about $200,000. While this number may seem low for a company enjoying approximately $3 million in annual sales, please note that this $200k number only covers the five week period from the May 23rd merger date to the end of June. Evidently, the company is only publishing its financial results from the time the merger was completed via reverse take over and they became a public company. $200K over five weeks suggest $2 million plus over 52 weeks. The September's 10Q will be our first comprehensive look at their financial condition.

I'm anticipating considerable news flow on their move into the Wi-Fi arena over the coming months, which should bring an enhanced audience to the stock. In the interim, investors would do well to remember there is a very small public float, and therefore the stock could be very volatile. Accumulate- but use a limit order. I would suggest anything under $3 would be reasonable at this juncture. Stay tuned for more developments.

Here is the complete text of today's release for your review:
 

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