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To OTC Journal Subscribers:

Dear Members:

Today, our parent company, First Net Technologies (OTC BB: FNTT) issued a press release concerning the completion of a new relationship we have recently concluded. The full text of the press release can be found below.

First Net Technologies is now a partner of InterVu (nasdaq: ITVU), the multi media Internet company which brought the first Open Heart Surgery to the Internet, the launching of the Space Shuttle, President Clinton's Grand Jury testimony, and many other major video/audio Internet broadcasts.

1st Net will be broadcasting its weekly radio show, the "Angel Network Radio Hour" over the Internet from here forward. The broadcast airs every Friday at 10:00 PST. Go to our home page at www.1stnettech.com and download the plug in and then register to obtain a ticket with the audience management system.

We will be using the technology from InterVu to bring you some exciting events this year.

Qiao Xing, our IPO selection for our members is due to trade next week. For those of you who have arranged to get some shares, we are hearing that the stock will trade well.

Our January Profile will be released tomorrow, and we are very excited about this Company. It's a very profitable software company, so spend some time studying the profile.

Here is the press release issued by 1st Net Technologies (OTC BB: FNTT), our parent company, today:

Thursday January 14, 8:05 am Eastern Time
Company Press Release

1st Net Technologies Announces Internet Audio/Video Delivery Agreement With INTERVU Angel Network Radio Hour Features INTERVU's CEO

SAN DIEGO--(BUSINESS WIRE)--Jan. 14, 1999--1st Net Technologies, Inc. (OTC BB:FNTT - news) announced today that it has entered into a one-year agreement with INTERVU Inc. (Nasdaq:ITVU - news) where INTERVU will provide Internet audio and video delivery services to 1st Net.

The first broadcast INTERVU will deliver over the Internet for 1st Net is its weekly investment radio program called "Angel Network Radio Hour" on Friday, January 14, at 10:00 a.m. PST at www.angelnetwork.com. Harry Gruber, CEO of INTERVU and an expert on angel financing, will be a guest on this week's program.

1st Net will be using INTERVU's new AUDIENCE(tm) Management System, a software tool that provides users with an Internet channel selection, similar to a television channel changer, where users can make advance reservations to attend Net events as well as be automatically reminded and taken to the event when it begins.

This reservation feature provides Internet users who are busy at work and likely to loose track of time with an automatic reminder of Web events occurring throughout the day. Viewers can download INTERVU's AUDIENCE to receive free event tickets to 1st Net's "Angel Network Radio Hour" from 1st Net's Web site (www.1stnettech.com) or INTERVU's Web site (www.intervu.net).

"We are pleased about our new alliance with such an expert in the development of online investor relations programs," said Harry Gruber. "As the Internet becomes the standard communications channel in the business world, we are seeing a rapid increase in demand for Internet audio/video delivery throughout the investment community and highly value this relationship with 1st Net."

1st Net will also be making available to its clients through its Web site the INTERVU Multimedia Manager. This tool automatically installs, manages and updates Internet users' multimedia software via the Internet, offering the Web's nine most popular multimedia players for increased access to multimedia content.

"We're very excited about this alliance and we look forward to a growing relationship with INTERVU," said Greg Writer, CEO of 1st Net.

"We have continually sought the best technologies in the market in an effort to more effectively serve our clients. This new relationship will give us the edge to be the market leader in our industry niche. We believe that this will be the beginning of a long relationship with INTERVU. We believe that INTERVU offers the premier online multimedia solution available in the market today, and we will encourage our clients, subscribers and shareholders to go to our Web site and download the AUDIENCE software tool."

About INTERVU

Headquartered in San Diego, Calif., INTERVU (Nasdaq:ITVU - news) offers full-service outsourcing of Internet video and audio management and delivery solutions to Web sites, TV, cable and radio networks, ISPs, corporations, educational institutions, advertisers, and advertising service companies.

Utilizing INTERVU's proprietary, patent-pending network and operating system, the company's range of services are designed to optimize bandwidth and increase performance, ensuring high-quality delivery.

INTERVU helps clients harness the power of streaming media and interactive multimedia communications on the Internet to communicate more effectively with consumers, customers and the business community. INTERVU's comprehensive audio and video applications and services include automation of the Internet video and audio publishing process, management and distribution of 24x7 feeds of live broadcasts and video-on-demand, and rich media advertising.

INTERVU has delivered video for several Fortune 500 companies and others such as CNN (NYSE:TWX - news), DVD Express, DoubleClick (Nasdaq:DCLK - news), Excite (Nasdaq:XCIT - news), Intel (Nasdaq: INTC - news), Lycos (Nasdaq:LCOS - news), Moviefone (Nasdaq:MOFN - news), NBC (NYSE:GE - news), MSNBC, Major League Baseball, Microsoft (Nasdaq:MSFT - news), and Yahoo! (Nasdaq:YHOO - news). Additional information can be found at www.intervu.net.

About 1st Net

1st Net Technologies is an Internet products company specializing in enabling core technologies. These breakthrough technologies support a new paradigm pioneered by 1st Net called Content Based Routing to control and monitor information, telephony and video services on one platform.

Proprietary products developed by 1st Net include:

• The Mindwalker(tm) Series -client/server based specialty browsers for affinity groups including children, the financial market, sports and Christian groups
• Whisper(tm) Radio Frequency Wireless Voice and Data technology
• The Mariah(tm) System IP Telephony systems
• Starburst(tm) a Desktop IP application

1st Net Technologies delivers innovative services for publicly traded companies, and high net worth investors. Services for publicly traded companies include Corporate Due Diligence Web Sites, Custom Database Systems Management, Online I/R Roadshows and E'Marketing. Services for high net worth investors include Online Financial Information Resources including Newsletters and Investment Opportunity Profiling.

Note: News releases and other information on 1st Net Technologies Inc. can be accessed on the Internet 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.

Contact:

1st Net Technologies Inc.
Jeff Chatfield, 619/675-4449 or Toll free 888/282-6255
Jeff1@1stnettech.com
or
INTERVU Inc.
Anjeanette Steele, 619/623-8400 x134
asteele@intervu.net

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