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OTC Journal
January 28, 2000	Volume III, Issue 6

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

To OTC Journal Members:

We didn't publish this week because nothing substantive came up. We did have a lot of questions about last Friday's profile, Hortitech (OTC BB: HTIC), so here is some clarification.

Some Comments on Hortitech (OTC BB: HTIC)

If you didn't read the original profile, click here and you will be taken directly to it. If you are interested in revolutionary new microprocessor technologies you will find this fascinating reading.

There was some confusion about the relationship between Hortitech the public company, NV Memory the private company, and MicroAccel, the company that they both will become. Click Here to read the associated press release.

Hortitech is a fully reporting public corporation that currently has no operating business. On Tuesday there will be a shareholders meeting to ratify the acquisition on NV Memory, Donald Stern's company that owns this technology. NV Memory will be purchased through the issuance of restricted stock. After the merger is complete the surviving company will be called MicroAccel, and no doubt change stock symbols. This is known as an RTO, or Reverse Take Over. It is a fastrack way for companies to become public without going through the one to two year IPO process.

Once the new shares are issued for the purchase of NV Memory the surviving company will be 60% owned by NV Memory, and 40% owned by the public.

There were a lot of concerns from our members about Mr. Stern's ownership of the technology. Many people asked if the Companies he worked for might claim ownership. Since this was such a prevalent question we decided to ask about this issue. We were informed that scientists moving between companies disclose projects they pursue on their own to their new employers.

We leaned that Mr. Stern has been developing this technology outside the workplace for the last three years, and had disclosed it to properly to his current and previous employers. Therefore, they have no claim on the technology.

We watched the stock trade on Monday and saw a great many purchases in the $5.50 area, only to see it drift down to the high $3 range this week. Perhaps it got a little ahead of itself, but closed strongly at $4.50 today during one of the worst sell-offs in recent memory. We believe that the stock will continue to firm up once the merger is complete, which should be Tuesday.

Another point to consider: If this company can develop and commercialize this technology it won't matter if you own it at $5.50 or $3.50. It is highly likely that you will do very well. If they are unsuccessful you will probably have a loss. We hope you didn't invest more that you can afford to lose because this situation is risky.

Envoy Communication (TSE: ECG)

No news to report here other than a recent volume and price surge which took the stock to a new all time high of $10.30 just last week. We learned that Geoff Genovese, the president, had been visiting Wall Street Brokerage Firms at the same time.

After trading over $10 Monday, the stock eased back down on lighter volume throughout the remainder of the week to close at $8.20. We believe that this stock is undervalued, and this pullback could represent an excellent entry point if you were considering investing. This stock can't seem to get any real momentum, but the highs are getting higher, and the lows are getting higher, which is a bullish pattern. We also believe that this stock will trade much better once they achieve a NASDAQ listing, which should come in February or early March.

To read every edition we have ever published on this company, simply click here, and you will be taken directly to our archive.

SuperBowl Comment
Take the Titans and the points. Everything is going the opposite of expectations in the NFL this year. Then pray for the Rams to win, but for the Titans to beat the spread. The famous Superbowl indicator tells us that we will have a good year in the markets if the NFC wins the Superbowl. Of course, last year the Broncos won and the NASDAQ made the biggest gain in the history of indexes in a single year.

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 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. SSP Management, the owner of the OTC Journal, has been paid a fee of $100,000 to publish information on Hortitech for a period of one year. The fee has been paid by the Investor Relations Group acting on behalf of Hortitech. SSP Management has no formal direct affiliation with Hortitech. SSP Management 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 has not been retained by, nor has any formal relationship with Envoy Communications. The OTCjournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

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