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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey D who wrote (3360)	1/14/2000 11:10:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 3519

Business as usual at X-Stream. jeff HEALTHNET INTERNATIONAL LAUNCHES UK INFORMATION PORTAL ON THE X-STREAM NETWORK -------------------------------------------------------------------------------- Story Filed: Friday, January 14, 2000 9:59 AM EST VANCOUVER, British Columbia, Jan 14, 2000 /PRNewswire via COMTEX/ -- Healthnet International Inc. (OTC Bulletin Board: HLNT), a multinational online natural products retailer and information provider, has announced a one-year agreement to be the exclusive health and wellness portal on The X-Stream Network's (OTC Bulletin Board: XSNI) home page, X-Stream Central. Under the agreement, MedicineCabinet.co.uk will receive anchor placement as the exclusive healthcare content provider to the UK's third largest ISP. MedicineCabinet.co.uk's articles, research and information will be prominently displayed to X-Stream's more than 550, 000 registered users in the UK, Norway, Denmark and Sweden. X-Stream subscribers can access MedicineCabinet.co.uk's Health Center featuring a comprehensive encyclopedia and delicious recipes, the "Ask the Expert" section where members can pose their health and wellness questions, as well as the weekly online magazine "Nutrition and Healing." "We are excited to have signed this strategic partnership with X-Stream, " says Grant Johnson, President and CEO of Healthnet International. "We feel this relationship positions us as a leading Internet healthcare portal with exclusive reach to the high-growth European online industry." Rosemary Masterson, Executive Content Producer for The X-Stream Network comments, "The partnership with MedicineCabinet is the next step in X-Stream's ongoing campaign to ensure that our users have access to the most up to date information on-line, for free. The Internet is fast becoming the most popular way to seek information and shop. If we can save our customers time and money through our MedicineCabinet.co.uk partnership, we've achieved our goal." About The X-Stream Network Launched in the UK on March 8, 1998, The X-Stream Network is the UK's first 100% free Internet access service, which has over 550,000 registered subscribers worldwide and now also offers free Internet access in Norway, Denmark and Sweden. With offices in London, Stockholm and Toronto, The X-Stream Network is rapidly expanding its innovative service into new territories. The X-Stream Network can be found at www.x-stream.com and X-Stream Central at www.x-stream.co.uk. About Healthnet International Inc. Healthnet International Inc. is a fully integrated, online retailer and information provider of natural health and related products. The Company currently operates two online health portals: www.medicinecabinet.com and www.medicinecabinet.co.uk. MedicineCabinet.com is a full service online health information portal and natural product retailer. The website provides the latest breaking health news from Reuters, as well as research and informative articles on natural products, health and wellness, diet and nutrition. MedicineCabinet.com's online health shop provides customers over 12,000 quality brand name natural products at competitive prices and with savings of up to 50% off the M.S.R.P. MedicineCabinet.co.uk is a natural health and wellness information portal featuring a learning centre, comprehensive encyclopedia and nutritional recipes. Healthnet International's U.K. staff provides the latest research and information on sport, fitness, diet, and nutrition in the portal's weekly online magazine, "Nutrition and Healing."

To: Jeffrey D who wrote (3360)	1/14/2000 1:00:00 PM
From: Jon C	Read Replies (1) \| Respond to of 3519

Jeff, No I don't think that it is those shares. In fact I received a response yesterday re my queries which I am copying below. I have removed names from the email. I don't necessarily agree with his comments. I can only work from information that is in public domain Dear Mr Capper I have looked into the position and there seems to be some confusion on your part as to the position. Firecrest changed its name to Mega Com Group plc. It was acquired (thus became an operating subsidiary) by a US company which changed its name to Mega Com Group Inc. The US company subsequently changed its name to The X-Stream Network Incorporated (X-Stream). X-Stream had a number of subsidiaries, the main one being X-Stream Technologies Incorporated. X-Stream has developed its internet activities since 1998. Mega Com was no longer trading and to "tidy up" X-Stream's consolidated accounts it was decided to hive off Mega Com Group Limited to X-Stream's shareholders as the date of hive off. This needed board approval but not shareholder approval as it was not a material transaction as Mega Com has no assets nor liabilities. Because there were approximately 1,800 shareholders of X-Stream at the date of the hive off, it was decided by the Board of X-Stream, in consulation with the auditors of Mega Com (Baker Tilly) and the solicitors to Mega Com (Fox Hayes) that three partners of this firm would hold the shares as trustees for the shareholders. The ultimate aim will be to allow the registration of Mega Com Group Limited to lapse. Whilst Mr Manning remains a director of Mega Com Group Limited with Mr Carvalho, neither of them are directors of X-Stream. I trust the foregoing is of assistance to you but should you require any further information, please do not hesitate to contact me. Yours sincerely