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From:bounce-otcjournal-1899244@lyris.otcjournal.com
To:alewis@enron.com
Subject:Trading Alert- Petapeer Holdings, Inc
Cc:
Bcc:
Date:Wed, 30 May 2001 14:59:01 -0700 (PDT)

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[IMAGE] May 30, 2001 [IMAGE] [IMAGE] Volume IV, Issue 48 [IMAGE] Em=
ail : info@otcjournal.com URL : http://www.otcjournal.com To OTC Journ=
al Members: Quick Note- This is our first Trading Alert since March 12th.=
Before deciding if you want to participate, please read the OTC Journal on=
Trading Alerts found on the left hand menu bar of our home page. For a Tr=
ack Record of former Trading Alerts, Click Here . [IMAGE] Trading Aler=
t: Petapeer Holdings, Inc (OTC BB: PETP) We were first asked to look at t=
his company over two months ago and were fascinated by the potential. You m=
ight not be familiar with the company, but unless you live in a vacuum you =
should be familiar with the issues surrounding their technology. Petapeer=
Holdings, Inc owns the commercial rights to market the Gnottella Network t=
echnology, which many see as the replacement for the highly publicized demi=
se of the on-line Napster Music Community. You can visit http://gnotella.=
com to learn more about P2P (Peer to Peer) file sharing for which Gnotella=
provides technology. The Gnotella network provides technology which allo=
ws simultaneous users to look directly into other user's computers, and tra=
nsfer files directly. Files are not limited to MP3 flies, as is the case wi=
th Napster. You can exchange anything from the most complex software to a r=
ecipe for fried chicken. More importantly, management at Petapeer Holding=
s claims their technology does not infringe on copyright laws. Whereas Naps=
ter provides the ability to share files directly through Napster's server, =
Gnotella does not. Gnotella simply provides software which allows computers=
to interface over the internet, and has no control over the exchange of fi=
les. Therefore, any violations would be the responsibility of the user, not=
the software provider. Today, after the market closed, Petapeer Holdings=
issued a very significant press release which has the potential to push th=
is virtually unknown stock much higher. Petapeer Holdings announced it ha=
s filed a Provisional Patent Application for a "new proprietary technology =
that will implement systems and methods for bolstering the Gnutella Network=
while generating revenue for Petapeer". We believe this stock has the po=
tential to become high profile when one considers all the press which surro=
unded the Napster demise. Furthermore, the company has come up with a revol=
utionary way to make money off the technology, and will be filing a patent =
on it. The stock surged nicely two weeks ago, and has since retraced 50% =
of its previous gain, providing a low risk entry point. [IMAGE] Trading=
Alert Details [IMAGE] [IMAGE] Petapeer Holdings, Inc (OTC BB: PETP) trad=
ed as high as $1.70 on May 14th. Today the stock closed at $1.15. Here ar=
e our thoughts on this Trading Alert on Petapeer Holdings, Inc (OTC BB: PET=
P): As depicted in the chart, the nearest line of support is $1.06. The s=
tock has retraced about 50% of its gain the run made from late April to mid=
May. Today's news after the close should create a great deal of interest a=
nd volume. Here is our recommendation: *Buy up to $1.30 which gives you r=
oom to make money if the stock trades in our favor. *Set your Stop Loss at =
$1.06 ( Next Support Level as depicted in the chart) or what ever your risk=
tolerance is. *If the stock can get through $1.75 in the next couple of da=
ys it should go higher it could find its way to nearly $2. We view this st=
ock as highly risky, and this is not a long term recommendation. Don't be a=
fraid to take profits quickly if the market provides a gain, and don't be a=
fraid to sell quickly if the stock trades against you. This newsletter is=
our opinion only, and not a solicitation to buy this stock. Make up your o=
wn mind. If you are looking for a short term trade limit your loss if the s=
tock goes against you. As always, we remind you to review the section on ou=
r home page on Trading Alerts, paying particular attention to the section =
on trading rules. The track record on our previous alerts can be obtained b=
y clicking here. Here is the complete text of the news release for your =
review: Petapeer Holdings Inc. Files Provisional Patent Application Wit=
h US Patent and Trademark Office for Revenue Model With US Patent and Trade=
mark Office for Revenue Model NEW YORK, May 30 /PRNewswire/ -- Petapee=
r Holdings, Inc. (OTC Bulletin Board: PETP), announced today it has recentl=
y developed a new proprietary technology that will implement systems and m=
ethods for bolstering the Gnutella Network while generating revenue for Pet=
apeer. Petapeer has filed a provisional patent application covering the te=
chnology with the United States Patent and Trademark Office. The new=
technology covered by the application shall be used by Petapeer as a centr=
al part of its revenue model, and is intended to work with Petapeer's "Gnot=
ella" peer-to-peer file sharing software described below. As the regular p=
atent application has not yet been filed and the technology and process not=
yet disclosed, no further details can be revealed at the moment, except th=
at, like Gnotella, the new technology does not rely on advertiser-support o=
r "stealth" advertising components, known as "spyware" or "adware". In acc=
ordance with United States patent practice, the invention now has an effect=
ive filing date that can be used in a later regular US patent application, =
provided that it is filed before the United States Patent and Trademark Off=
ice within 12 months of the provisional application. This regular US paten=
t application is currently being drafted and is scheduled to be filed short=
ly. Corresponding foreign patent applications may be filed under conventio=
nal priority within the same 12-month period, which the Company is consider=
ing. Petapeer Holdings Inc.'s "Gnotella" peer-to-peer file sharing so=
ftware does not employ or support background or "stealth" advertising compo=
nents, known as "spyware" or "adware". Spyware is sometimes employed to ge=
nerate revenue for providers of free software by installing itself into use=
rs' computers and collecting personal information about those users, and t=
hen transmitting it to the providers of the spyware, sometimes without user=
s' knowledge or consent. Recent reports have revealed that "spyware" and =
"adware" are contained in some software used to access the Gnutella Network=
. Petapeer's "Gnotella" software does not contain, nor has it ever containe=
d or employed "spyware" or "adware". "We are pleased to be the very f=
irst to develop this technology, which will be available to our users if --=
and only if -- they want to use it," said Stephane Chouinard, interim CEO =
of Petapeer Holdings Inc. "The technology should provide us with an innova=
tive revenue model that promotes and strengthens the Gnutella Network witho=
ut the need for 'spyware' or 'adware', and thus propels legitimate P2P file=
sharing to the next level. While it will be up to each user to choose whe=
ther or not to use it, we hope it will be a hit." Petapeer Holdings I=
nc. identifies and commercializes market-ready peer-to-peer (P2P) technolog=
ies. Its first licensed technology, Gnotella, is an application of the op=
en Gnutella Network that allows users to quickly and accurately search and =
share files anytime, anywhere with anyone in the network. Created for Wind=
ows, users can download any type of file, including text, audio, video, spr=
eadsheets, word processing, software and more, through the Gnutella Network=
. Petapeer Holdings Inc. urges its users to obey copyright laws and r=
ights of third parties, but does not and cannot monitor user activity. Nei=
ther does it collect or sell user information. Gnotella is available=
for free download at http://gnotella.com . This news release contain=
s forward-looking statements within the meaning of Section 27A of the Secur=
ities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. =
Actual results could differ materially from those projected in the forward-=
looking statements if assumptions upon which the forward-looking statements=
are based do not turn out to be true. Assumptions upon which the forward-=
looking statements are based include, without limitation, the following: =
-- That the U.S. Patent on the technology will be granted; -- That=
the technology will not infringe previously patented technology; -- T=
hat the revenue models will function as anticipated; -- That the reven=
ue models will be accepted by users of Petapeer's Gnotella software=
; and -- That the revenue models will not interfere with the current p=
opularity and use of Petapeer's Gnotella software. SOURCE Peta=
peer Holdings Inc. -0- 05/30/2001 /CO=
NTACT: Henry Eshelman, heshelman@bwr-la.com, or Brian Davis, bdavis@bwr-l=
a.com, both of B|W|R Public Relations, 310-550-7776, for Petapeer Holdings=
Inc./ The OTC Journal is a proud partner of the SwingWire.com Online=
Investment Community . A next generation Online Analyst Exchange providing=
Members the ability to search, review, track and monitor some of the Inter=
net's best Online CAs (CyberAnalysts). Members have the opportunity to pote=
ntially achieve higher returns by viewing top performing portfolios and rec=
eiving real-time alerts from favorite CAs. SwingWire.com also has a luc=
rative incentive model for experienced investors and traders who consistent=
ly outperform the market. Share market ideas with other like-minded investo=
rs, establish a proven track record, provide insightful commentary, attract=
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