Newsletter

June 5, 2000

Volume III, Issue 44

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

To OTC Journal Members:

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Major News On Envoy Communications

We know a lot of you own Envoy Communications (TSE: ECG) and may have going back as far as August of last year. Although the stock did not participate in the last bull market in a meaningfull way, it looks as if this stock's time may have come.

We have published a number of features on the company in the last month because we felt that the timing was perfect to take a position. Today the company revealed that Envoy will begin trading on the NASDAQ tomorrow. We were expecting this event to occur around November originally, and then it was pushed back to March. The time has finally arrived, and the stock is behaving very well on the news. Sometime tomorrow the stock will open for trading under the NASDAQ symbol ECGI. Don't be surprised if your quote service takes a day or two to pick it up, but it will be on our scrolling ticker on this newsletter.

We had an opportunity to speak with Geoff Genovese, the CEO at his home last night about pending events. Envoy has numerous acquistions and alliances in the pipeline that the company has not been able to act on. The process of getting their 20F approved by the SEC forced them into a mode where they had to put any acquistitions on the back burner until they got through the regulatory process. Now that this laborious process is over they can move forward. Look for some exciting fundamental developments at this company in coming weeks.

When the stock trades on the NASDAQ tomorrow it will be quoted in US dollars for the first time, which is about 40% below the Canadian quote. However, the additional exposure of being traded on the most liquid market in the world will pay off for the company. The stock will begin trading on the NASDAQ small cap, but once it trades above $5 for 30 days it will move to the NMS.

Look for a lot of exciting events upcoming on this one. The stock is already above $9 Canadian as we write this newsletter. A break out above $10 would put the stock at a new all-time high. We believe that this stock is going a lot higher.

Here is the complete text of the news release for your review:

Envoy to Commence Trading on the NASDAQ Tuesday June 6, 2000
-- $10 million European Financing Closes --

Toronto, ON, June 5, 2000 – Geoff Genovese, President and CEO of Envoy Communications Group (NASDAQ:ECGI) (TSE:ECG) today announced that Envoy Communications will commence trading on the NASDAQ Tuesday June 6, 2000. Envoy’s symbol will be ECGI.

Mr. Genovese stated, “I am excited about our NASDAQ listing as it will allow us to access one of the world’s largest markets, biggest pools of capital and large investor base.”

As well, Envoy Communications today announced it has closed a $10 million public offering underwritten by Canaccord Capital Corp. (Europe). The offering was subscribed by institutions in the United Kingdom, France, Switzerland and Denmark. The financing consisted of 1,428,571 million shares issued at CDN $7.00, for gross proceeds of approximately $10 million. The financing is subject to all regulatory approvals.

“These funds will be used to continue Envoy’s acquisition strategy, specifically in Europe and North America,” stated Mr. Genovese.

Envoy recently released their second quarter financial results with revenues up 59.1%, gross margin up 53% and EBITDA increasing 54% for the second quarter ending March 31, 2000.

A new breed company, Envoy (www.envoy.to) is an integrated e-Marketer, digitally driven and committed to building global brands both off and on-line. Envoy owns leading advertising and e-Marketing agencies, Communiqué, Devlin Applied Design, US based Hampel/Stefanides, in addition to The Watt Group and FUSIONcreative, the branding and identity specialists.

Envoy’s client list includes leading dot.coms like Juno Online Services, Inc., National Discount Brokers, PhoneFree, CDNOW, Internet Sports Network Inc. and Procurenet.com as well as e-Marketing clients FedEx, MAC Cosmetics and Toshiba America. Other major clients include adidas, BASF, Benjamin Moore, Bermuda Telephone, Bridgestone/Firestone, Castrol Motor Oil, Canada Life, Honda, LCBO, PetSmart, Ontario Realty Corporation, Revy home Centres Inc., Safeway, Sprint Canada, Steelcase, and Wal-Mart.

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 MarketByte LLC. 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, are forbidden to own buy or sell stock for their own benefit in the companies who appear in the publication. To that degree, this newsletter should not be regarded to be an independent publication. SSP Management, the former owner of the OTC Journal, 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 The OTCjournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

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