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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: Terry Thomas who wrote (3193)	7/30/1999 10:05:00 AM
From: BORIS BADENUFF	Read Replies (3) \| Respond to of 7056

NOTABLE EXCERPT FROM YESTERDAYS COMPANY PRESS RELEASE ''Since all of these audits were for events occurring before the merger, and even before the existence of Hitsgalore.com, we are hard pressed to understand what the surprise is all about, since all was disclosed in advance. We plan to move ahead quickly with retaining another firm, and we are looking forward to moving off of the Bulletin Board as soon as possible,'' said Reed. Reed continued, ''The Company is taking action to defend its name and plans to fully prosecute all malicious bashers of our company and its personnel through the $20 million dollar lawsuit already filed. It appears that additional bashers have appeared, ironically at the same time as the release of negative news, and will be added to the suit.'' ''Many Internet stocks are losing, or have lost, billions of dollars in market cap and investment dollars, and most have never made a profit, and yet have not received all the negative press as our relatively small Internet search engine,'' said Reed. ''The company, according to Reed, is doing well. We feel we have an extremely bright future. Of course we will face challenges such as these and others, but the facts remain the same: we are a profitable Internet company. My personal issues have all been disclosed and will not deter the Company from being a success and a force to be reckoned with in the area of search technology. I just want to encourage all the investors who have hung in there with us by emphasizing that we will not quit or give up.''