Engineering Power Systems Group, Inc.
March 9, 1999
To OTC Journal
Members:
Once again,
we heard from many members that our last edition,
which was released last Sunday, did not find its way
to everyone. The Internet is not a perfect communication
vehicle yet.
We released
a lot of information on our parent company, 1st Net
Technologies (OTC BB: FNTT). Here
is the newsletter in case you didn't get it.
First,
a quick comment on Engineering Power Systems Limited
(OTC BB: EGPDF). The stock has been trading at
about the $2 range where we originally profiled it.
Today, on light volume, this stock closed at $1.50
bid, $1.625 offer. While you might think that we are
upset to see the stock trade so low, just the opposite
is true. We are very excited to see the stock down
here. At these levels, this stock is ridiculous. If
you are a seller down here, you are allowing market
psychology to infect your thinking. At these levels,
we would be happy if every member in our database
owned the stock. We would like our members to own
all 3 million shares in the public float if those
members also like this company as much as we do.
We are the
first to cover this Company in any way. We like to
be first with information, but the stocks aren't always
ready to go straight up. We profiled a company called
Virtual Gaming Technologies (OTC BB: VGTI) in March
of 1998. The profile went out at about $4. The stock
went to $5 short term, then fell back to about $3.25.
After about two months of sideways trading, the stock
finally got some legs, and found its way to $11 by
July. We should mention that the stock is in the $4
range today.
If you are
concerned about Engineering Power, we strongly recommend
that you go their web site and listen to the replay
of the radio interview with the President. Then make
up your own mind- buy, sell, or hold. Here is a link
to the radio interview: Click
Here. You can also find the replay at www.epsx.com,
and go to the investor relations section. Take the
time because, remember, it's your money.
Disclaimer
The OTC Journal.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. 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. 1st Net
Technologies, the parent company of OTC Journal Management,
which owns OTC Journal.com, has received the following
compensation from Engineering Power Systems Limited:
75,000 options with an exercise price of $1.75. On
the date of the release of this profile, 1st Net Technologies
has performed Web Site Design Services and provided
proprietary Internet Related Technologies to Engineering
Power Systems Limited for fees totaling $43,750. These
fees have been applied to the exercise of 25,000 options
of Engineering Power stock. 1st Net may not exercise
the remaining options until June 1st, 1999, when 1st
Net has the right to exercise 25,000 options, and
October 1st, 1999, when 1st Net can exercise the remaining
25,000 options. 1st Net retains the right to sell
or buy shares of Engineering Power Systems Limited
at any time at its sole discretion. The OTC Journal.com
critiques may contain forward looking statements relating
to the expected capabilities of the companies mentioned
herein.
THE READER
SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE
BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING
IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE
OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS
PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES
AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT
THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF SUPERSTOCKPICK.com.
We encourage
our readers to use caution when investing and educate
themselves at the web sites of the Securities and
Exchange Commission ("SEC") at http://www.sec.gov
and/or the National Association of Securities Dealers
("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory
to investors concerning Internet Stock Fraud, which
can be found at http://www.sec.gov/consumer/cyberfr.htm.
Readers can review all public filings by companies
at the SEC's EDGAR page. The NASD has published information
on how to invest carefully at its web site.
