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To: Steeliejim who wrote (12972)	12/10/1999 5:48:00 PM
From: Dale Baker	Respond to of 118717

I certainly have that in mind; once we get past the Y2K "we survived" euphoria I will be looking for a well-made case that the markets can continue to rally. It will definitely be a time to get more selective with mo-mo plays.

To: Steeliejim who wrote (12972)	12/10/1999 5:55:00 PM
From: Dale Baker	Respond to of 118717

Long from $15 here: Joseph Charles & Associates Raises Workflow Management To Strong Buy And Sets Ne /FROM PR NEWSWIRE MIAMI 305-461-8666/ TO BUSINESS EDITOR: Joseph Charles & Associates Raises Workflow Management To Strong Buy And Sets New Six-Month Price Target of $54 BOCA RATON, Fla., Dec. 10 /PRNewswire/ -- The following is being issued by Joseph Charles & Associates, Inc., a member of the National Association of Securities Dealers, CRD number 3949: Joseph Charles & Assoc., Inc. research analyst David Weinstein raises Workflow Management, Inc. (Nasdaq: WORK) to a strong buy and set a six-month price target of $54, up from our $23 target set in October this year. An updated research report is available. We are convinced that the bricks and mortar company is worth $14 per share and the iGetSmart.com will trade for at least $40 per share after it is spun off as a separate public company in the first quarter of 2000. Since Workflow Management has indicated that it intends to dividend its shares of iGetSmart.com to its shareholders shortly after its IPO, we feel that the current shares of WORK will begin to reflect the value of both stocks as we approach the iGetSmart.com public offering. We were also impressed by Workflow Management's second quarter results which came in better than our estimates in every category. On December 7, 1999, Workflow Management announced second quarter FY2000 results with revenues of $131.8 million and EPS of $0.43 (includes a one-time gain from the sale of PurchasePro stock) versus our estimates of $123.4 million and EPS of $0.27. Diluted Earnings from Operations were $0.30 per share. Also reported was EBITDA of $14.9 million with an EBITDA Margin of 11.4% versus our estimates of $11.1 million and 9%, respectively. Workflow has a joint venture agreement with PurchasePro that designates iGetSmart.com as the preferred provider for print and graphic arts at PurchasePro.com. On the Dec. 7, 1999 conference call management mentioned that they continue to have acquisition prospects in the pipeline and in the future there would be fewer but larger deals on the horizon.