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To OTC Journal Subscribers:

Today, we have updates for you on two of our client companies, AXYN Corporation (OTC BB: AXYN), and Mirage Holdings (OTC BB:MGHI).

A quick observation on the way Mirage (OTC BB: MGHI) has traded since releasing our profile. The stock was in the $3.25 range when we first featured this company. Since that time, volume has been erratic, with days where the stock traded over 100,000 shares, and days where the stock has only traded 2,000 shares. Since releasing the profile, we have seen a high of $4.25, and a low of $2.50.

We spoke with management last week. The president called from Pakistan to let us know that there will be announcements of additional new contract signings over the next several weeks. Upon his return, a registered equities analyst will begin evaluating the company in order to generate a working sales, earnings, and price projection model for this stock.

In the short term, it appears that the stock has support just under $3, and resistance when it gets near $4. If you like Mirage Holdings, it would probably be wise to invest with limit orders at $3.25 or less until we see a break out above the $4 range. This is our opinion only. We provide the facts so that you can make up your own mind.

AXYN Corporation is our undiscovered gem in the Y2K solutions arena. Here is a case of another stock that seems to have resistance when it reaches the $2.50 range, but bounce right back up when ever it drops below $2.

On January 26th, AXYN Corporation announced the signing of three contracts with Polish Industrial clients valued at over $23 million. To read this press release, CLICK HERE. The next day, AXYN Corporation announced another new contract with Computer World Services to supply its Y2K desktop solution tools to its 2,000 plus Government and commercial clients. To read this press release, CLICK HERE.

This is extremely exciting news for a company that began operations less than one year ago. If this Company continues to sign contracts of this magnitude, it is only a matter of time before the stock gets recognized by Wall Street. We have been waiting for the stock to drop back below $2 before making our members aware of this news. This price is an excellent entry level for this stock.

Now, here is the complete text of the news release which came out on January 26th:

Tuesday January 26, 2:14 pm Eastern Time

Company Press Release SOURCE: AXYN Corporation

AXYN Signs Agreements Valued Over $24.M in Poland

DENVER, Jan. 26 /PRNewswire/ -- AXYN Corporation (OTC Bulletin Board: AXYN - news) today announced that AXYN International through its Polish joint venture company, Unitra-AXYN Sp. z o.o. has signed Y2K agreements valued in excess of $24.M USD in Warsaw.

Unitra-AXYN signed three agreements with leading Polish industrial clients for its year 2000 products and services associated with PC Desktop Products, Embedded Systems and Legacy Systems services. These agreements were signed in conjunction with this weeks visit by Mr. Jean Chretien, the Canadian Prime Minister who lead a trade delegation to Poland. Mr. Sandy McQuarrie, AXYN's Senior Vice President of Business Development traveled with over 100 Canadian business leaders and this initiative lead to the signing of these agreements. AXYN's Canadian subsidiary, AXYN Canada participated in the contract signings and will provide the bulk of the products and technologies to be utilized in executing these agreements.

Specifically, AXYN Canada and Unitra-AXYN have signed a Letter of Intent to undertake the provision of a crisis management centre for the Polish Ministry of Interior and Administration. This LOI will lead to the design and construction of a purpose built center to permit the Ministry of Interior and Administration to deal with any potential crises associated with the year 2000 problem and in the long term with natural disasters such as the 1997 severe flooding in Southern Poland. It is anticipated that this contract will generate approximately $20.M USD with significant Canadian content.

The additional agreements included: a three year, $3.M USD agreement between Unitra-AXYN and EnergoProjekt Consulting to cooperate in the delivery of Embedded Systems solutions to the electric power generating stations located throughout Poland. AXYN will provide Y2K Embedded Systems methodology, training, personnel and software in partnership with EnergoProjekt's engineering staff to their client's hydro generation and distribution centers; and a $1.M license agreement with Pablo Soft to distribute their Healthcare Management system software world-wide under AXYN's brand name. This software is a multilingual patient records management software product that allows patient files to be moved geographically into various language jurisdictions and allows medical staff to read patient information in multiple languages.

AXYN Corporation is a global provider of software solutions that also address the growing demand for Year 2000 fixes. AXYN is a unique Y2K player as a full provider of technologies, products and services in the Year 2000 field. AXYN has Desktop, Network, Legacy and Embedded solutions to help solve the millennium problem for its clients. AXYN Corporation has offices in the United States, Canada and Europe. For more information on AXYN Corporation please visit our web site (www.axyn.com).

The statements made in the press release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market demand and acceptance, the impact of competitive products and services, risks associated with results and timing of technology development and commercialization, the Company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions, including risks inherent in international operations and the ability to attract and retain technical personnel, risks associated with, as well as the Company's ability to manage, a consulting services business and other risks detailed from time to time in the Company's Securities and Exchange Commission filings.

SOURCE: AXYN Corporation

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