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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Lutz who wrote (154)	7/20/1999 12:03:00 PM
From: Blue Voodoo	Respond to of 191

MGCN news out today - their software is "on schedule and under budget." Tuesday July 20, 9:59 am Eastern Time Company Press Release MegaChain.com's Exponential Marketing Incentive Program Ready To Go Live VANCOUVER, B.C.--(BUSINESS WIRE)--July 20, 1999--Tom Lavin, president of MegaChain.com Ltd., announced today that the Company has successfully completed the off-line beta testing of all first release modules comprising its Internet e-commerce software. ''Our software development partners, Radiate Software of San Francisco, California, have given all MegaChain program modules a rigorous workout and are fully satisfied that the core functionality is ready for early integration into the MegaChain web site. We are on schedule, under budget and primed to turn our concept into reality'' '' 'Agent' and Vendor' sign-up and 'Customer List' input are available on the MegaChain web site as of today for those many individuals who have already expressed eagerness to participate. Additional functionality will follow rapidly over the next few weeks including automatic sign-up confirmation, transparent agent referral coding, mail merge and anti-spam filters and the ability for Agents and Vendors to view both the commissions and the exact results of their advertising efforts.'' ''We feel that MegaChain.com is entering a very exciting period in its growth as a company. The MegaChain concept of incentive driven, result based, multi-level, permission e-mail is unique in the marketplace. The stunning and overnight success of such Internet consumer incentive companies as Alladvantage.com have proven that the public has both the necessary computer skills and the desire to regard the world of e-commerce as a place to both spend and make money. With the core functionality of our program now in place we can begin to spread the word in earnest.'' MegaChain.com conducts its business internationally via the Internet. The Company's corporate offices are located at 34 West 8th Avenue, Vancouver, British Columbia, Canada V5Y 1M7, telephone 604 873-3847, fax 604 873-4295. MegaChain.com is traded on the OTC Electronic Bulletin Board under the symbol ''MGCN''. Cautionary Statement Under 'Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this fact sheet contain information about the Company's future business prospects. These statements may be considered ''forward looking'' and are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Contact: MegaChain.com, Ltd. Tom Lavin, 604/873-3847 email; tlavin@megachain.com Web Site: www.megachain.com

To: Gary Lutz who wrote (154)	7/22/1999 4:58:00 PM
From: Blue Voodoo	Read Replies (1) \| Respond to of 191

Megachain: chart, fundamentals, and news: The recent news release had no effect on MGCN's price, because it provided no new information. It simply confirmed what those following MGCN already knew - that the megachain program is on track to start generating income later this year. For anyone that hasn't been following MGCN, check out megachain.com to see a revised, detailed description of how they'll operate, and look at Message 10246459 to see why its a great buy. Why does MGCN's chart currently look bad? Well, a few months ago a rumor circulated that MGCN would be bought out by EBAY. This rumor never had any foundation in fact, and indeed never made much sense. What does multilevel marketing by email have to do with online auctions? Megachain's own investor relations office denied the rumor when I called them about it. Despite this, the rumor (with encouragement by daytraders, and lack of sufficient DD by followers) quickly drove up MGCN's price to over $2. The decline since then is due primarily to selling off, first by daytraders and then by investors who had bought on the rumor and gradually realized that the rumor was not true. So, when will the stock price start moving up again? It could be tomorrow, or next week, or it could even take a few months. MGCN will not rise dramatically until: 1. the company provides significant evidence of future success by releasing its initial set vendors, ISP's, and list brokers (which could happen at any time), or 2. the company starts generating significant revenues, which likely won't happen until the fourth quarter, or 3. investors realize Megachain's enormous potential to make money on its own (rather than hoping for a buyout) and jump on the bandwagon. All three of the above conditions will happen, and MGCN's price will skyrocket as a result. The only question is when. My strategy has been to keep buy more shares every time the price drops to almost a buck. Other's may prefer to wait for more evidence that the stock is taking off, such as increases in price, volume, or significant news releases, but I think the risk of missing the boat with that approach is too great. When MGCN does take off, it's likely to do so with a very big bang, and the fundamentals are all in place for it take off very soon.