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To: Mark B. Martell, CCM who wrote (1046)6/17/1999 6:36:00 PM
From: Q.  Respond to of 1440
 
Next 2 posts: these news releases are likely among those the SEC had in mind, when it referred to company newsreleases in its order to stop the stock trading.

I'm not sure if they appeared on this thread before. They are old enough that you can't find them with Yahoo. So I'm posting them here.

The first release mentions a purported $1.5 M loan from a European bank.

The second release reports the acquisition of Modern Telnet, and it values the acquisition at $22.5 M.



To: Mark B. Martell, CCM who wrote (1046)6/17/1999 6:37:00 PM
From: Q.  Respond to of 1440
 
HEADLINE: Corsaire, Inc. Acquires Majority Stake in Modern Telnet of England

DATELINE: FT. LAUDERDALE, Fla., Jan. 19

BODY:
William R. Dunavant, president and CEO of Corsaire, Inc. (OTC Bulletin
Board: SNBD), announced the acquisition of 51 percent of the stock of Modern
Telnet of England. Terms of the transaction have not been disclosed at this
time. It does, however include approximately $12 million of Modern Telnet assets
and products such as software development tools for Internet and corporate
Intranet use, set-top box technology and remote surveillance security systems.
The acquisition was approved by both companies' boards of directors.

Corsaire also announced today that it has secured a $1.5 million line
of credit from a European bank.

"We are acquiring the most advanced digital compression technologies
and finished products that will enable Corsaire to develop new industry
standards utilizing MPEG 4 and wavelet compression," said Dunavant.

As part of the acquisition, Corsaire now has regional offices in
Los Angeles and London, England, in addition to its Ft. Lauderdale
headquarters.

Corsaire, Inc. plans to introduce streaming video and video e-mail to
the desktop and set-top box markets using wavelet and MPEG 4 technologies,
over standard phone lines. The company's video products achieve a viewable
image size of 320 x 240 at 10-12 frames per second over a 28.8 connection.
SOURCE Corsaire, Inc.
CONTACT: Don Silver of Boardroom Communications, 954-321-6334,
or donsil@boardroompr.com, for Corsaire

LANGUAGE: ENGLISH

LOAD-DATE: January 20, 1999



To: Mark B. Martell, CCM who wrote (1046)6/17/1999 6:38:00 PM
From: Q.  Respond to of 1440
 
PR Newswire

February 11, 1999, Thursday

SECTION: Financial News

DISTRIBUTION: TO BUSINESS EDITOR

LENGTH: 366 words

HEADLINE: Corsaire, Inc. Completes Modern Telnet LTD. Acquisition;
Company Name Change in the Works

DATELINE: FORT LAUDERDALE, Fla., Feb. 11

BODY:
William R. Dunavant, President and CEO of Corsaire, Inc. (OTC Bulletin
Board: SNBD), has announced the company completed its acquisition of 51 percent
of the equity of London-based Modern Telnet LTD. The exchange of final
documentation of the purchase will occur later today. The all-stock
transaction is valued at $22.5 million, entirely consisting of Corsaire,
Inc. common stock.

The acquisition brings Corsaire exclusive distribution channels for
its newly acquired Net Command(TM) Internet broadcast products, which
include: broadcast video, video E-mail, video conferencing, home and office
set-top box systems and remote video surveillance systems. All products have
been fully tested and are expected to go on sale in the spring.

"Our new Net Command(TM) broadcast quality Internet video products
clearly outperform the current market leader," said Dunavant. "Home-based
users will be able to broadcast streaming video and audio at up to 15 frames
per second with a 266 MHz Pentium II computer and standard 56KPS dial-up,
for about $100. This technology will revolutionize the way both consumers
and businesses use online video, which is estimated to be a $10 billion market,"
he added.

The company also announced it has finalized its name change plans by securing
the name, Net Command Tech, Inc. The new ticker symbol and finalization of the
name change will be announced upon Nasdaq approval.

The preceding announcement may contain statements or projections, which are
forward-looking in nature. Actual results could materially differ from the
projections.

Corsaire, Inc.'s investor relations information center can be reached
at (954) 385-5085. Those interested in visiting the company's Web site can do
so at www.netcommandtech.com.

Corsaire, Inc. and its strategic partners provide broadcast video,
video conferencing and video E-mail to desktop and set-top box markets
through the use of wavelet and MPEG 4 technologies as an option to standard
phone lines. The company's video products can achieve a viewable image size
of 320 x 240 at up to 15 frames per second over standard dial-up connection.
SOURCE Corsaire, Inc.
CONTACT: Don Silver, Boardroom Communications, 954-321-6334, or
e-mail donsil@boardroompr.com, for Corsaire, Inc.

LANGUAGE: ENGLISH

LOAD-DATE: February 12, 1999



To: Mark B. Martell, CCM who wrote (1046)6/17/1999 6:42:00 PM
From: Q.  Respond to of 1440
 
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Net Command Tech, Inc. f/k/a Corsaire, Inc. ("NCT"), an Internet technology company whose common stock is being quoted in the over-the-counter market, because of questions regarding the accuracy and adequacy of publicly available information disseminated by NCT and others to market makers of the stock of NCT, other broker dealers, and to investors concerning, among other things: (1) the purported acquisition by NCT of certain companies' assets and stock and the value of those assets and stock; (2) a $1.5 million line of credit purportedly secured by NCT from a European bank; (3) the revenue generated by an American company purportedly acquired by NCT; and (4) the business success and reputation of NCT's CEO and president.

=========

The above excerpt was from post #699, by John Reed Stark, on this thread.
Message 10079017
Mr. Stark is part of the SEC Enforcement Division.
In particular, he is Chief of the Office of Internet Enforcement.
sec.gov