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Microcap & Penny Stocks : Quest Net Corp. (OTCBB: QNET) -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (194)	5/19/2000 8:08:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 213

MIAMI--(BUSINESS WIRE)--March 20, 2000--Quest Net Corp. (OTCBB:QNET) (OTCBB:QNETE), announced today that it has effected a merger with Parputt Enterprises, Inc. ("PEI"), and has become a successor issuer in order to comply with the reporting company requirements implemented by the Nasdaq Stock Market. Pursuant to an Agreement and Plan of Merger dated as of March 13, 2000 between PEI and Quest, all of the outstanding shares of common stock of PEI were exchanged for 275,000 shares of common stock of Quest in a transaction in which Quest was the surviving company. PEI was a reporting company (Commission file number 000-24447). The Articles of Merger were filed with the Secretary of State of Florida on March 15, 2000 and with the Secretary of State of Nevada on March 16, 2000. The Articles of Merger became effective upon filing with the respective Secretaries of State. Upon effectiveness of the merger, pursuant to Rule 12g-3(a) of the General Rules and Regulations of the Securities and Exchange Commission, Quest became the successor issuer to PEI for reporting purposes under the Securities Exchange Act of 1934 and elected to report under the Act effective on March 17,2000. Quest has advised the OTCBB Filing Department of its new status as a reporting company and is requesting the termination of the delisting process and the removal of the E from its trading Symbol. Quest, in compliance with the reporting requirements of the Securities Exchange Act of 1934, is in the process of filing a Form 8-K with the Securities and Exchange Commission. Based in Miami, Quest Net Corp. is a provider of secure, full-service global Internet and Intranet broadband digital networking solutions for businesses and individuals. Quest Net is one of the largest regional Internet Service Providers (ISP) of bandwidth. It also offers dedicated high speed Internet access, metropolitan and wide area network data transport services, including virtual private networks to several commercial clients and other ISP's and Wireless Internet Connections at speeds of up to 3Mbps, and a distance of up to 20 miles on a 2.4 Ghz and 5.8 Spectrum. Quest Net offers one of the fastest and cleanest routing systems for the transfer and delivery of voice, video, and data streams at speeds ranging from 64Kps to speeds of up to 45 Mbps. The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filing with the Securities and Exchange Commission.

To: Wayne Rumball who wrote (194)	5/20/2000 1:32:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 213

In answer to your question, I bookmarked the thread a year ago and on rare occasions when there is a post I drop in to see what has happened. Since I unfortunately didn't short it in the teens, I never traded it, so I don't really follow it. When they pulled that "unusual" maneuver last year of issuing a stock dividend without adjusting the stock price, and restricting the trading of the new shares (except for long time holders), I suspected that the future would be grim, especially once the stock dividend shares became unrestricted. As for the fundamentals of the company itself, I have no idea if the company is healthy or sick, or what the future holds for them. I based my expectation of a falling stock price solely on the stock dividend transaction. I note that the stock has fallen much further than I would have expected, so I have no idea if the stock has fallen for the reasons that I expected, or for some other reason. In any case, good luck. I am un-bookmarking this thread after posting, Carl