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To OTC Journal Subscribers:

SPECIAL SITUATION ALERT: UPCOMING IPO

The first Company we ever profiled for our subscribers was Ontro (NASDAQ: ONTR), we first featured on May 5th, 1998. We recommended that our subscribers call the underwriter and request a preliminary prospectus, as we had heard that the IPO would probably trade well. The IPO Unit was priced at $5.50, and traded up to $11 on opening day. The common stock hit a high of $8 shortly after the Company came public, and then started a slow descent to $1. In the last several weeks the common stock of Ontro (NASDAQ: ONTR) has rebounded back to nearly $4.

Recently we read the Preliminary Prospectus on a Company that is scheduled to go public in early December. Everyone that follows the stock market reads and hears about Initial Public Offerings, otherwise known as IPOs. When an investor is allowed to purchase stock in an IPO, they are actually purchasing stock that is issued directly to them by the Company prior to its trading publicly.

To get a copy of the Preliminary Prospectus on today's featured Company, call Marie Lima at 800-747-1202, and tell her that you are a subscriber.

The day after the shares are purchased, the stock begins trading. An opening price is posted on the market, and from there the stock goes up and down based on supply and demand. Very often there is more demand than supply because the Company issues a finite number of shares. Your money goes directly to the Company that issued the shares, and you dont pay a commission to the brokerage firm that arranges the transaction. The issuing Company pays a fee to the brokerage firm out of the proceeds of the IPO.

Recently TheGlobe.com (Nasdaq: TGLO) went public in one of the most highly publicized IPOs in history. Investors in this IPO were able to purchase shares at $17, and the stock traded up over $90 on the opening day of trading.

Qiao Xing Universal Telephone, Inc. is scheduled to go public in mid December. We have read the Preliminary Prospectus, and we strongly recommend that you call the brokerage firm and request a copy of the Preliminary Prospectus.

Qiao Xing Universal Telephone, Inc. is principally engaged in the manufacturing and sales of telecommunication terminals and equipment, including corded and cordless telephone sets in the Peoples Republic of China.

Over the last five years, the Companys production capacity has increased from 300,000 to an estimated 4.5 million sets. In 1997 they produced and sold 2.9 million sets. They have been profitable every year since 1993. In 1997, Qiao Xing Universal Telephone did $48 million in sales, and made a $5.051 million profit.

You can call 1-800-747-1202, ask for Marie Lima, and request a copy of the preliminary prospectus. You cannot purchase shares of this stock in the IPO through your discount broker. You must purchase directly from the brokerage firm that in the underwriter for the Company. Once the stock begins to trade publicly, you can purchase it in the open market through your existing brokerage account. However, we believe that the stock will be trading higher than the IPO price.

Qioa Xing Universal Telephone is only issuing 1.6 million shares. The estimated pricing is $5.50. Although there are no guarantees, we believe that this stock will open and trade at a premium to the $5.50 IPO price. When you call the toll free number to request the Preliminary Prospectus be sure to identify yourself as a subscriber to our newsletter.

If you decide that you wish to purchase shares in the IPO, you will have to establish an account Barron Chase Securities, the brokerage firm that is underwriting the offering. Barron Chase will then have to allocate shares for your account if they are available.

Barron Chase Securities or Qiao Xing Universal Telephone, Inc has not compensated our newsletter in any way. We simply believe that this is an excellent investment opportunity for your risk capital. If you have any questions about this IPO, contact us at Info@otcjournal.com, and we will reply.

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