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OTC Journal
March 7, 2000	Volume III, Issue 20

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

To OTC Journal Members:

News releases from both Envoy Communications (TSE: ECG) and MicroAccel (OTC BB: MIXL) today.

Envoy Communications (TSE: ECG)

Breaking news today on Envoy Communications (TSE: ECG). We were directed to this article by a friend of the company.

An article appeared in today's edition of Canada's National Post, which is Canada's version of USA Today. The article indicates that Envoy, through its Watt Group subsidiary, has won a contract to be the lead design firm for WalMart's (NYSE: WMT) planned expansion into Germany and the UK.

The article also goes on to say that this is the largest single contract ever awarded to Envoy, and estimates its value at about $20 million.

Readers of this newsletter know that we featured Envoy in our previous week's edition, and suggested that this stock has been too quiet for too long. As we write this edition, it is 12:00 Pacific Time, and the stock is up about 7% at $8.70 CDN on the Toronto Stock Exchange.

The stock can be purchased through US Brokerage accounts under the symbol ENVFF, but it is tricky because you have to allow for the exchange rate, and the quote you see does not track the quote in Canada.

To read the article in its entirety, simply:

Click Here

In addition, Envoy Communications put out its own press release, which can be found on their corporate site. Geoff Genovese, the President of the Company, indicates that the Walmart contract is just the first in a planned international expansion.

In another press release issued today, Geoff Genovese predicted that the Company's gross margin run will double to $100 million by the end of 2000. His prediction came in the body of a presentation he gave at the Company's annual shareholders' meeting.

To read the entire text of both press releases, either Click Here or go to Envoy's Web Site at www.envoy.to, and click on the press release button.

MicroAccel (OTC BB: MIXL)

We were originally expecting the definitive agreement to merge NV Memory into MicroAccel to be announced last month. Today's press release clarifies some of the challenges involved with the purchase of intellectual property.

It is clear that the definitive merger agreement has been delayed because the current management of MicroAccel wanted to make sure that the technology was for real in order to protect the best interests of the shareholders.

The option agreement is a good compromise. It allows the management the time it needs to complete its due diligence. The loan agreement gives NV Memory the ability to rapidly moves towards a patent filing of the technology. When we originally interviewed Donald Stern, he indicated that he would be a lot more forthcoming about the technology once the patent was filed.

If you don't own this stock, now would probably be a good time to review our original profile. We still view this investment as highly risky. Very little is known about the technology, and you should not invest more than you can afford to lose. However, computer chip stocks are trading extremely well right now, and if this company ends up having revolutionary technology, it could turn out to be the investment of a lifetime.

Click Here if you wish to read the original profile.

Here is the complete text of the press release:

Tuesday March 7, 6:08 pm Eastern Time
Company Press Release
SOURCE: MicroAccel, Inc.

MicroAccel renegotiates memory chip deal with NV Memory, Inc.

VANCOUVER, March 7 /CNW-PRN/ - MicroAccel, Inc. (OTCBB Symbol: MIXL - news) announced today that it has renegotiated the letter of intent with NV Memory, Inc. The proposed new transaction contemplates MicroAccel providing a USD$2,000,000 loan to NV Memory, Inc. for the preparation of a patent application and the further development of NV Memory's non-volatile memory chip technology. In addition, on funding of the loan, MicroAccel will receive an irrevocable option to purchase 100% of NV Memory, Inc. The option will be exercisable at MicroAccel's discretion after NV Memory has filed patents and MicroAccel has completed a full technical review of NV Memory's technology. In the event that MicroAccel exercises it option to acquire NV Memory, Inc., MicroAccel will issue shares of its capital to the current owners of NV Memory, Inc., so that they will own 60% of the outstanding shares of MicroAccel on closing. The loan and irrevocable option are subject to the parties entering into definitive agreements that are anticipated to be finalised by March 21, 2000.

``Our renegotiations resulting in this new proposed loan and option agreement will satisfy the confidentiality concerns that NV Memory has with respect to its memory technology,'' commented Suzanne Wood, President of MicroAccel. ``Because of these confidentiality concerns and the rapidly changing technology environment, we were unable to complete a review of NV Memory's technology to obtain the level of assurance regarding the viability and patentability that we felt we needed to complete the acquisition on the terms that were originally contemplated.''

``We are very happy with this new arrangement, which provides optimal protection for NV Memory's revolutionary technology and allows us to focus on the final development needed to bring it to market,'' said NV Memory's President Donald Stern.

The company further announced that Donald S. Stern and Robert B. Stern, the co-founders of NV Memory, Inc., have resigned as directors of MicroAccel.

``Our resignation from the board of directors is to simply avoid any potential conflict of interest that may arise during the negotiations of the definitive loan and option agreement,'' commented Donald Stern. ``If MicroAccel accepts our technology and exercises it option to acquire NV Memory, Inc., we will look forward to rejoining MicroAccel on completion of that acquisition.''

This press release may contain certain forward-looking information and statement 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, and the likelihood of the completion of the acquisition of NV Memory, Inc. These statements are based upon a number of uncertainties and contingencies, 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.

Investor Information: Corporate Information:
The Investor Relations Group MicroAccel, Inc.
800-444-9214 or 604-689-5255 604-685-6649
SOURCE: MicroAccel, Inc.

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Disclaimer

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 MarketByte LLC. 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 former owner of the OTC Journal, has been paid a one-time fee of $50,000 for representing Envoy Communications for a period of one year. The fee has been paid by BG Capital Group acting on behalf of Envoy Communications. SSP Management, the former owner of the OTC Journal, has been paid a fee of $100,000 to publish information on MicorAccel for a period of one year. The fee has been paid by the Investor Relations Group acting on behalf of MicroAccel. The OTCjournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

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