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Strategies & Market Trends : Crys-Tel CYSS, PacRim PAKR, Metals Research MLRA, A&A ANAF

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To: Frank Walker who wrote ()5/11/1999 7:30:00 PM
From: Frank Walker   of 17
 
Information about Crys-Tel CEO and CFO

According to the Crys-Tel website and other sources, CEO James N. Rodgers in 1997 and 1998 was the president and a director of Net 1 U.E.P.S. Technologies Inc. (otcbb NUEP), a Vancouver, BC, Canada company that supposedly did "smart card" development work. Also Edwin W. Austin was the CFO of Net 1.

Some research on Net 1 indicates that it had no significant revenues, business activity, or announcements, in 1997 and 1998.

But in 1997 and 1998, Net 1 was highly recommended and discussed in some Web "newsletters" and stock discussion groups:
sentex.net
thestockpage.com
dartz.com
Subject 18055

Despite the lack of business activity, the Net 1 stock price went from about $1.62 in 1997 to $18.25 in 1998, with a total volume over two years of about 5.6 million shares, according to otcbb.com

By October, 1998 the NUEP stock price and volume dropped off considerably, and James N. Rodgers and Edwin W. Austin resigned their Net 1 positions. It was also announced on the same day that Net 1 would be renamed or merged into a South African company called Newco (this may or may not have happened). Soon after, Rodgers and Austin moved on, to their current positions as CEO and CFO at Crys-Tel.

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