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Microcap & Penny Stocks : SSOL / SSOLW -- SmartServ Online Services -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (91)	2/9/2000 11:31:00 AM
From: Paul Berliner	Respond to of 266

SMARTSERV ANNOUNCES ADJUSTMENTS TO ITS COMMON STOCK PURCHASE WARRANTS I found this on their site. If you do the math, their is currently a $30 arbitrage per share. According to the terms below, 2 warrants would buy you one share for $16. with the warrants at $60, the total cost would be $136. The stock is at $166 allowing for a $30 arb. One thing I don't understand is why the data in message #74 says 'shares received from exercise not approved for trade'. The terms below mention no such stipulation. Stamford, CT (January 25, 1999) - SmartServ Online, Inc. (OTC-BB: SSOL), a leading developer of Internet-based applications serving the wireline and wireless industries, today announced adjustments to its Common Stock Purchase Warrants issued in March 1996. The Company is notifying holders of record that an adjustment to the Warrant price from $4.00 per share to $8.023 per share, and to the number of shares of Common Stock purchasable upon the exercise of each Warrant from one share to .4986 shares of Common Stock. The adjustments to the Warrants result from a culmination of several private placements of the Companys securities, a recently completed one for six reverse stock split of the Common Stock and other issuances of securities by SmartServ. Current holders of Warrants may continue to exercise their rights to purchase shares of Common Stock by payment at the new exercise price and will receive the number of shares for which the Warrants are being exercised. Launched in 1993, SmartServ Online offers a wide range of online information and transactional services designed to meet the varied needs of clients of strategic marketing partners, as well as direct subscribers. These include: investment newsletters, stock research reports, stock quotes, nationwide residential directory services, business and financial news, research and analysis reports, stock trading reports, lottery and Powerball results, electronic mail, sports information, national weather reports and other business and entertainment information. Using proprietary software, these services can be bundled and delivered via standard phone lines or the Internet to a wide range of electronic devices, including screen-based phones, personal computers (PCs), personal data assistants (PDAs), alpha-numeric pagers, personal communications systems (PCS) smart phones and interactive voice response systems. Recognizing the rapid advances of new and emerging technologies, SmartServs software allows its services to be device independent, enabling the services to be accessed by any of these newly developed devices.This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, the volatility of international markets, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.