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To: SSP who wrote (47637)	5/19/2000 3:15:00 PM
From: stu fabian	Read Replies (1) \| Respond to of 150070

SSP: Regarding CHIP this keeps them "clean and current" right?

To: SSP who wrote (47637)	5/19/2000 3:37:00 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

CHIPper "In the future, the Company intends to explore opportunities to develop or acquire one or more businesses in other industries. The Company expects to focus specifically on Internet-related businesses. The Company does not now any particular prospect under consideration in any meaningful sense. The nature of the business in which the Company will engage in the future, the terms and circumstances under which the Company will engage in such business and even whether or not the Company will engage in a future business, are now uncertain. MATERIAL CHANGES IN FINANCIAL CONDITION At March 31, 2000, the Company has a working capital deficiency of $991,000 compared to a deficit of $1,437,000 at March 31, 1999. The lower deficiency was primarily due to forgiveness of debt during the period ended June 30, 1999. MATERIAL CHANGES IN RESULTS OF OPERATIONS Three Months Ended March 31, 2000 and 1999 The Company incurred a net loss of $191,000 or $.01 a share, in the 2000 quarter as compared to net loss of $327,000 or $0.01 per share for the comparable period in the prior year. The change of $136,000 was attributable primarily to the reduction in operating expenses.