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Stellarstocks Newsletter
April 22, 1999	Volume II, Issue 16

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

To Stellarstocks Subscribers:

Today we have outstanding news on our parent company, 1st Net Technologies.

Those members who have been following our newsletter this year know that the best performing stock we have profiled in 1999 has been our parent company, 1st Net Technologies (OTC BB: FNTT). 1st Net does not compensate us for our coverage because they own 100% of the shares of SSP Management, the publisher of this newsletter. Therefore, investors should view whatever we publish about 1st Net as a conflict of interest.

However, our first issue featuring 1st Net was published on January 2nd, 1999. That day, the shares of 1st Net closed at $3.25. As we publish today's news, the stock is $6.875, and has seen a high of $10.50. We can only hope that a large number of our members own shares of FNTT in the $3 to $5 range. If you do, you are currently enjoying a significant profit. To review everything we have published on FNTT, click here.

Today's news is very exciting. Today, 1st Net announced that they have been selected by the well known and popular NO FEAR® to be their E-Commerce solutions partner. NO FEAR® is a premier manufacturer of performance, athletic and casual products geared towards the sports of Surfing, Wakeboarding, Motorsports, Motocross, Mountain Biking and BMX. NO FEAR® is a privately held company at the forefront of retail marketing, targeting the "extreme'' sports market.

The contract provides that 1st Net will share in the revenues created by the E-Commerce site in an arrangement similar the ones previously announced for two other companies, Nickleby's.com, and MediQuik Services (OTC BB: MDQK).

Another news release which we did not have time to cover was released by 1st Net last week. On April 15th, 1st Net announced that the President of 1st Net, Cliff Smith, had been interviewed by Casper Weinberger, the Chairman of Forbes Magazine, on the World Business Review. To read the original press release and for more information, click here.

Now, here is the complete news release on the NO FEAR® relationship announced today.

Thursday April 22, 12:09 pm Eastern Time
Company Press Release

1st Net Technologies and NO FEAR Announce ``Extreme'' Internet Marketing and Revenue Sharing Agreement

New E-commerce Site will Introduce the Extreme Sports Market to a Complete On-line Community and Interactive Shopping Experience

SAN DIEGO--(BUSINESS WIRE)--April 22, 1999-- 1st Net Technologies Inc. (OTCBB:FNTT - news) and San Diego based privately held NO FEAR® announced today that they have finalized a Internet Marketing and Revenue Sharing Agreement to develop an e-commerce web site (www.nofear.com) to serve the rapidly growing ``extreme'' sports community.

This revenue sharing Agreement is based on the companies creating a comprehensive on-line community specifically for the sales and marketing of NO FEAR®'s diverse product line which currently consists of over 500 different items.

NO FEAR® is a premier manufacturer of performance, athletic and casual products geared towards the sports of Surfing, Wakeboarding, Motorsports, Motocross, Mountain Biking and BMX. NO FEAR® is a privately held company at the forefront of retail marketing, targeting the ``extreme'' sports market.

``Sporting Goods Business'' ranked NO FEAR® second only to Quiksilver Inc. (NYSE:ZQK - news) in the highly competitive Surf/California Lifestyles apparel category that also includes such notable companies as Mossimo Inc. (NYSE:MGX - news), and Vans (NASDAQ:VANS - news).

The company currently has estimated annual sales in excess of $100 million (State Of The Market report, Nov. 1998), and a worldwide marketing presence with distributors in 70 countries. NO FEAR® has also been named one of the Top 100 Business Phenomena of the decade by AD AGE Magazine.

``This is a tremendous opportunity for 1st Net Technologies. Make no mistake, there was stiff competition in the marketplace for the NO FEAR® contract and we are extremely proud that NO FEAR® ultimately chose 1st Net to take them into the world of e-commerce. Basically, it reaffirms the distinct belief in our business model of partnering with our clients either through strategic revenue sharing agreements or equity participation. We certainly look forward to working hand in hand with NO FEAR® to make significant inroads and a positive impact in this supercharged market,'' said Greg Writer, chief executive officer of 1st Net Technologies Inc.

Writer further added, ``The demographics of this market and the business model surrounding this Agreement look extremely promising. We believe the sports lifestyle craze that has been sweeping the globe during this decade is only going to get stronger. Through our Agreement with NO FEAR®, our ultimate goal will be to push the outer limits of human performance by utilizing the Internet to create an on-line experience that will be second to none in the industry.''

1st Net Technologies Inc., has been retained by NO FEAR® to provide web site design, development, hosting, maintenance and marketing of a complete Internet e-commerce web site in exchange for a revenue share in all sales generated through the soon-to-be www.nofear.com.

About NO FEAR®

NO FEAR® manufactures and markets high-quality technical racing gear, casual athletic footwear, leisure sports apparel, as well as various sport posters and books. Their products are marketed primarily through selected retail accounts, as well as company-operated retail stores and at targeted sporting events.

The company's objective is to establish NO FEAR® as the most recognized and respected brand in sports, representing the outer limits of both intellectual and physical performance. To achieve this goal, the company plans to continue defining the motivational element of sport, and expanding its technical product interaction with the athlete.

Some world-renowned NO FEAR® athletes include six time AMA Supercross champion Jeremy McGrath, four time world snowboard champion, mountain biker and X-games athlete Shaun Palmer, along with Championship Auto Racing Teams Inc. (CART) (NYSE:MPH - news) drivers Michael Andretti, Robby Gordon and Paul Tracy. Other NO FEAR® athletes include World BMX champion John Purse, Surfers Sunny Garcia and Taylor Knox, NASCAR drivers Kyle Petty, Ernie Irvan, Jeremy Mayfield, and Wakeboarders Darin Shipiro and Parks Bonifey.

They continue to selectively pursue opportunities to leverage the NO FEAR® brand through the introduction of new products and the development of new distribution channels.

To join the NO FEAR® online mailing list please visit http://www.nofear.com.

About 1st Net Technologies Inc.

1st Net is an Internet products and services company specializing in the development of enabling core technologies. These technologies support a new paradigm pioneered by 1st Net called ``Content Based Routing and Delivery'' to control and monitor information, telephony and video services in a single platform. 1st Net also delivers innovative services for publicly traded companies and high net worth investors.

1st Net Technologies Inc. is publicly traded on the NASDAQ OTC: Bulletin Board under the symbol ``FNTT.''

Note: News releases and other information on 1st Net Technologies Inc. can be accessed at http://www.1stnettech.com.

The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited ``safe harbor'' for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

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Contact:

     1st Net Technologies Inc., San Diego
     Jeff Chatfield, 888/282-6255
     jeff1@1stnettech.com
     http://www.1stnettech.com

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Links to Downloads
1st Net and InterVu Audience Manager Software
InterVu EyeQ Multimedia Manager

Disclaimer

The Stellarstocks.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. The Stellarstocks.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

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