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you must click on this link: http://listserv.otcjournal.com/otcjournal/2001= 0602-1.html and wait for a web page to automatically open up to properly r= ead this newsletter.=20 [IMAGE]=09=09[IMAGE]=09 [IMAGE]=09 [IMAGE] June 2, 2001 [IMAGE] [IMAGE] Volume IV, Issue 49 [IMAGE] Em= ail : info@otcjournal.com URL : http://www.otcjournal.com To OTC Journ= al Members: [IMAGE] Market Comment [IMAGE] We are in a very listless m= arket right now. The NASDAQ has given back the 300 point gain it enjoyed fr= om the last 1/2 point surprise rate cut from the FED. Every time the NASDAQ= looks at 2000, it runs back up like a hooked fish when it first sees the f= isherman's boat. Many technicians believe the NASDAQ needs to trade into th= e 1900 to 1950 range before it can move on to higher ground. Microcaps ar= e drifting down on light volume, reaching low risk entry points which will = seem cheap when the next volume surge takes them back up. We are entering E= arnings Pre-Warning season, a new 21st century phenomenon created by our li= tigious society. Many fund managers are waiting to pounce on beaten down = technology stocks as they sell off when earnings warnings are issued. Every= one's buying cheap now, positioning for what might be one of the most proli= fic 4th quarters of all time in stocks. Now would be a great time to revi= ew the trading strategies for accumulating on dips we shared with you in ou= r May 12th edition . Click Here , and read the first section. Two of our = featured companies have been in the news this week, and here's an update fo= r you on both: [IMAGE] XML Global Technologies (OTC BB: XMLG) Featured= in Investor's Business Daily Thusday, May 12th's edition of the venerabl= e Investor's Business Daily carried an article in the Internet & Technology= Section, authored by Sarah Z. Sleeper entitled "U.N Group OKs 'Language' T= hat Could Spur E-Business". The article mentions that the U.N.'s group OA= SIS (Organization for the Advancement of Structured Information Standards) = has announced the specific International standards for programming with ebX= ML. Long term readers know one of our featured companies, XML Global Tech= nologies has been developing programming tools for this new and revolutiona= ry programming language which is expected to become the new International S= tandard by which all computer systems communicate with each other. XML Gl= obal is mentioned in the article along with Sun Microsystems, IBM, and Orac= le. Here are several excerpts: "With little fanfare, the e-conomy receive= d what might prove to have been a pretty good jolt." (first paragraph) "It= 's backed (ebXML) by a bevy of tech heavy-hitters. They include Sun Microsy= stems, Inc., IBM Corp. and Oracle Corp." (5th paragraph) "The biggest win i= s going to be for the average consumer, said David Weber, as vice president= at Vancouver B.C.- based software firm XML Global Technologies, Inc. EbXML= will reduce costs for companies." (11th paragraph) The article goes on to= describe recent international demonstrations of the product where XML Glob= al participated along with Bea Systems, Commerce One, and Sun Microsystems.= Clearly XML Global Technologies has placed itself directly in the path o= n an oncoming tidal wave of new programming opportunities, and is the David= in a team of Goliaths headed towards the adoption of ebXML. Rarely are = microcap stocks prominently mentioned in the company of such huge success s= tories. XML Global has a tiger by the tail. The stock has drifted back on= light volume to the $.90 range. You should have a look at it down here. = We are trying to get permission to reprint the entire article for the benef= it of our members. We may have it in PDF Format by the middle of next week.= Stand by for more information. [IMAGE] Envoy Communications, Inc (NASD= AQ: ECGI) Announces March Quarterly Earnings [IMAGE] This past Tuesday aft= er the market closed Envoy announced its 21st Consecutive Quarter of Year-O= ver-Year Growth in Revenue and EBITDA. This company is putting on a remarka= ble corporate performance in a hostile business climate. Here are the qua= rter to quarter comparisons: (all figures are in Canadian Dollars) Ma= rch Quarter 2000 March Quarter 2001 Percentage Increase Revenues $12,938,52= 7 $20,430,030 57% EBIDTA Earnings $2,135,919 $3,074,254 44% Earnings Before= Non-Cash Expenses $857,286 $1,282,121 49% EPS Fully Diluted .03 .03 0% = Investors should note that the company's sales were up 57% over the same qu= arter the previous year to $20,430,030. Real, after tax cash earnings incre= ased 49% to $1,282,121. EPS stays the same due primarily to non-cash expens= es. The accounting standards for these non-cash expenses are changing this = summer to accurately reflect the company's financial performance. The edi= tors of the OTC Journal continue to believe this stock is worth $5 per shar= e US. Yet, it continues to languish in the high $2 range due to complete la= ck of sponsorship from Wall Street. The OTC Journal is the only substantive= forum for investment ideas that follows this company. Now that the marke= t is turning, management recognizes it is time to go to Wall Street and pre= sent itself to the institutional community if it ever hopes to create a sig= nificant result on behalf of long suffering shareholders. Patience should= pay off for investors. Wall Street will eventually discover this company b= ecause Wall Street loves profits again. This is a low risk growth stock to = accumulate on dips. Their history of profitability mitigates many of the ri= sk factors associated with micro cap investing, and investors will eventual= ly come along that want this stock. The OTC Journal is a proud partner o= f 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 Internet's best Online CAs (CyberAnalysts). Members ha= ve the opportunity to potentially achieve higher returns by viewing top per= forming portfolios and receiving real-time alerts from favorite CAs. Swi= ngWire.com also has a lucrative incentive model for experienced investors = and traders who consistently outperform the market. Share market ideas with= other like-minded investors, establish a proven track record, provide insi= ghtful commentary, attract followers and ultimately become one of the Inter= net's highest paid and most sought after CyberAnalysts! Click here to re= ceive your FREE 30-Day Trial Membership with no further obligation. Sign Up= Today! Disclaimer The OTCjournal.com Newsletter is an independent= electronic publication committed to providing our readers with factual inf= ormation on selected publicly traded companies. All companies are chosen o= n the basis of certain financial analysis and other pertinent criteria with= a view toward maximizing the upside potential for investors while minimiz= ing the downside risk, whenever possible. Moreover, as detailed below, thi= s publication accepts compensation from certain of the companies which it f= eatures. Likewise, this newsletter is owned by MarketByte, LLC. To the de= grees enumerated herein, this newsletter should not be regarded as an inde= pendent publication. Click Here to view our compensation on every compan= y we have ever covered, or visit the following web address: http://www.otc= journal.com/disclaimer.html for our full profiles and http://www.otcjourna= l.com/trading-alerts/disclaimer.html for Trading Alerts. MarketByte LLC ha= s been paid the following fee by XML Global for a year of representation: $= 100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restric= ted stock, and 60,000 options exercisable at $2. The 60,000 shares of free = trading stock have been contributed by a third party on behalf of the compa= ny. Please review our policy on selling shares found within our Mission Sta= tement at our home page. All statements and expressions are the sole opi= nions of the editors and are subject to change without notice. A profile, d= escription, or other mention of a company in the newsletter is neither an o= ffer nor solicitation to buy or sell any securities mentioned. While we be= lieve all sources of information to be factual and reliable, in no way do w= e represent or guarantee the accuracy thereof, nor the statements made here= in. The editor, members of the editor's family, and/or entities with whi= ch they are affiliated, are forbidden by company policy to own, buy, sell o= r otherwise trade stock for their own benefit in the companies who appear i= n the publication. The profiles, critiques, and other editorial content o= f the OTCjournal.com may contain forward-looking statements relating to the= expected capabilities of the companies mentioned herein. THE READER SHOU= LD 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 B= Y THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODU= CED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OT= Cjournal.com. We encourage our readers to invest carefully and read the i= nvestor information available at the web sites of the Securities and Excha= nge Commission ("SEC") at http://www.sec.gov and/or the National Associatio= n of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly = recommend that you read the SEC advisory to investors concerning Internet S= tock 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 pag= e. The NASD has published information on how to invest carefully at its web= site. Unsubscribe Here You can unsubscribe from this list at any t= ime by Clicking Here and HITTING SEND. If you are having difficulty removi= ng yourself or wish to change your address please go to http://listserv.otc= journal.com/opt.cgi?email=3Dalewis@enron.com . =09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09=09 [IMAGE]=09[IMAGE]=09 =20 --- You are currently subscribed to otcjournal as: alewis@enron.com To unsubscribe send a blank email to leave-otcjournal-1899244L@lyris.otcjou= rnal.com
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