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To: SmartStockAdvsr.com who wrote (101)10/7/1999 8:33:00 AM
From: SmartStockAdvsr.com  Read Replies (1) | Respond to of 223
 
SmartStockAdvisor.com Report: Ernst & Young

Many shareholders have expressed interest in receiving an update regarding Ernst & Young's progress with their audits and SEC filings. At this time, we are not be able to add to the information contained in the August 12, 1999 press release, except for the following.

The merchandise count scheduled for completion by August 31st has been completed. Ms. Brownie is now working closely with Ernst & Young to prepare the necessary documentation so that E & Y can proceed swiftly with their audits of 1997 and 1998. Both Ernst & Young and Susan Brownie, CFO, are aware of the SEC-imposed deadlines for fully reporting status and are acting accordingly.

Some shareholders have called Microphonics and talked with Ms. Susan Brownie but there is little that can be added to the above information. She has assured us that as updates can be offered, SmartStockAdvisor will be asked to relay them to shareholders.

Microphonics urges shareholders and other interested parties who seek information about the company to contact SmartStockAdvisor.com by email at smartstockadvisor@yahoo.com or phone at 619-492-8061.

SmartStockAdvisor can only provide shareholders with information that is authorized by Microphonics. Unfortunately, at times, that is not sufficient for certain shareholders, but it is the appropriate way of disseminating information.

Regards,
SmartStockAdvisor.com

Disclaimer: SmartStockAdvisor. com is a compensated agent of Microphonics, Inc. as of May 18,1999. SSA has been hired to perform press and investor relations for the company and are being compensated as follows: during the first three months of our contract SSA will receive 3K freely trading shares and 2K restricted shares per month; thereafter SSA will receive 5K restricted shares per month, with possible additional restricted shares on a quarterly basis. In addition, the individuals comprising SmartStockAdvisor.com all hold individually owned unrestricted shares of Microphonics, which collectively amounts to less than 1% of outstanding shares. We are not a registered investment advisor and suggest that you consult with an independent registered advisor as well as do your own research before investing in any stock. The opinions and analysis included herein are based on sources believed to be reliable but no warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Readers are advised that this communication is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The reader should verify all claims and do their own due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk, of which may or may not be suitable for everyone.