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To: sagaloo who wrote (55)	6/20/1999 1:24:00 AM
From: NAUGHTY NOTES	Read Replies (1) of 67

Sometime in mid-to-late April (the exact date cannot be determined from the Web site), a site with the url www.pennystockpicks.com carried a report recommending the purchase of shares in a bulletin board penny stock company named UniTransact Business Solutions Inc. The company appears to have no current revenues, and is looking to raise $800,000 in startup financing, according to the report. But, says the report, the company thereafter expects to be collecting revenues of nearly $430 million by the year 2004, with close to $108 million of net profits. A disclaimer on the Web site reveals that pennystockpicks.com was paid $25,000 in cash plus 25,000 in UniTransact shares to disseminate these claims to the public.

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