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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: SSP who wrote (4626)7/22/1999 12:56:00 AM
From: Tim Davies  Read Replies (1) | Respond to of 150070
 
what a coincedence on the golden thing..
this just hot off the press on gfx on alberta.. onlist

Golden Fortune Investments Limited Alberta Stock Exchange: GFX
298-1199 W. Pender Street E-mail: info@gfil.com
Vancouver, BC Canada Web Site: www.gfil.com
V6E 2R1
Tel: 604-688-2623
Fax: 604-688-2611

(This letter may be viewed in html format at gfil.com

Letter from the President July 21, 1999

Dear Investors and GFIL Information Subscribers,

Over the last four months "Project Gateway" has developed rapidly. Golden Fortune has been able to announce several developments as we work hard to establish the Wireless Internet
Solution for China.

Our accomplishments to date can be summarized as follows:

A Joint Venture with an established, highly regarded, Chinese company to provide a national wireless Internet solution for China.

Established a national product standard based on technology represented by Golden Fortune and supplied by WaveRider Communications Inc.

An initial contract to supply product for China's private networks, valued at over US$20 million.

National approval and licensing as a wireless Internet Service Provider in China.

Strategic Alliance with WaveRider Communications Inc., which provides assured access to technology, trained technical expertise and the ability to manufacture product under
license.

The establishment of a pilot project in conjunction with MultiCyber Internet Ltd. to provide regional wireless Internet solutions and Local Area Network services in one of the
largest special economic zones in Shanghai, China.

These are the visible components of the major undertaking that is "Project Gateway". Golden Fortune and its Chinese partners are working diligently to build the Wireless Internet
Solution that is so important to China. There are many more exciting developments to come.

I am particularly excited about starting our pilot project earlier than expected. Shanghai is to China what New York City is to America. The importance of this pilot project can be likened to
the introduction of leading edge, data communication technology in any major financial center. This pilot project will highlight Project Gateway's Wireless Internet Solution and help to
stimulate its use by several of China's major companies as well as multinationals operating in Shanghai's Pudong New Area.

As you read this letter, one of Golden Fortune's personnel is in China ensuring our Joint Venture partner is prepared for the training sessions that WaveRider personnel will conduct in
August. He is also overseeing the preliminary site analysis for the Shanghai project.

At the end of July, I will be traveling to China with MultiCyber's senior management to meet the Shanghai project's senior people and visit the SIT project site in Shanghai. I also will be
meeting with our Joint Venture partner, NORCEL, to update them on our activities. In mid-August, I will meet with the WaveRider team and we will hold the training sessions for
NORCEL's personnel. This is a very exciting time for us as it brings Project Gateway into the start of the operational phase.

One consistent question we receive about our shares is "Why are our shares not trading like other Internet stocks?".

First, most of the stocks we are compare against have had much more time than four months to develop market awareness through promotional and IR efforts.

Second, general media attention is only now beginning for GFIL and thus greater notice from investors is building.

Third, Project Gateway is on a scale that can be challenging to understand for people not familiar with doing business in China and is clearly not for the faint of heart.

Finally, the general perception that GFIL is under valued compared to many other Internet related stocks. This is now beginning to work in our favor. We are confident that shareholders
will benefit as this trend continues.

Below is a short list of some of the companies
(we are told) that GFIL is being compared with:

GOLDEN FORTUNE (Alberta:GFX.)
52-Week Trading Range CDN: Hi: $ 0.60 Low: $ 0.10 Closing Price: $ 0.34 Jul 19

WI-LAN INC (Alberta:WIN.AL)
52-Week Trading Range CDN: Hi: $11.50 Low: $ 1.18 Closing Price: $ 11.50 Jul 19

XIN NET CORP (OTC BB:XNET)
52-Week Trading Range CDN: Hi: $ 6 5/8 Low: $ 61/256 Closing Price: $ 2 1/2 Jul 19

CHINA.COM CP A (Nasdaq:CHINA)
52-Week Trading Range CDN: Hi: $ 68 Low: $ 44 3/4 Closing Price: $ 45 1/4 Jul 19

WAVERIDER COMM (OTC BB:WAVC)
52-Week Trading Range CDN: Hi: $ 3 3/88 Low: $ 1 1/8 Closing Price: $ 1 1/2 Jul 19

Direct comparisons are challenging. GFIL is a unique blend of business development components. As the provider of a Wireless Internet Solution slated to become the Internet backbone
for China, we have taken great care to proceed thoughtfully and meticulously.

"Build a better mousetrap, and the world will beat a path to your door". This simple phrase typifies what Golden Fortune is doing with Project Gateway.

As events unfold, I will be providing more news via our web site and our newsletter. I look forward to providing you with a review of my trip to China when I return.

As always, we invite each of you to contact us with your questions and comments.

Sincerely yours,

James Tong

President

Golden Fortune Investments Limited


This letter contains forward-looking statements that involve risks and uncertainties including, but not limited to, quarterly fluctuations in results, management of growth, competition and other risks. Actual results may differ materially from
such information set forth herein.
these guys seem set to roll..
imo
tim



To: SSP who wrote (4626)7/22/1999 1:05:00 AM
From: john  Read Replies (3) | Respond to of 150070
 
GOLDEN PICK

O kay, I am waiting and watchin.



To: SSP who wrote (4626)7/22/1999 2:10:00 AM
From: Jim Bishop  Respond to of 150070
 
Steve I'll email you some names, phone numbers, addresses, and links to some interesting stuff.

So far so good with the BB shells, sure they drop back after the hype, and after whoever has been accumulating and the MM's quit scratching their heads, LOL.

But so far, none have dropped back even close to where we found them, and I really want to keep it that way, so we have to be careful.

CHES .013 (well for you anyway) now .12.
DRYD .015 now .034
ATLA .03-.04 now .08 and I still don't know what is what with it!
PCES .11 now .23

There are others, but I am bagged right now. Point is, if you got in when we "went to Vegas" on them, you're sitting on freebies waiting for the acquisitions, mergers, roll ins, or whatever, or have a load of $$ in the jeans.