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To: Jeffrey S. Mitchell who wrote (934)	12/7/2000 10:28:18 AM
From: StockDung	Read Replies (1) \| Respond to of 12465

NVEI Press Release Misleads And Confuses Investors By OTCNN staff Published by OTCNN.com 11/20/2000 11:59 AM CST New Visual Entertainment (OTCBB: NVEI) announced today that it had completed equity financing. That’s at least what the headline of today’s press release stated. Interestingly enough, nothing actually happened. The company announced already in September that it had received a financing commitment from Lilly Beter Capital Group that could result in up to $23 million in equity financing for the company. In today’s announcement, NVEI stated that it had successfully completed its previously announced equity financing with Lilly Beter. But, then NVEI went on to state that as a result, the company MAY sell up to $5 million of its common stock, and MAY receive up to $24 million. In other words, the headline of the press release turned out to be grossly misleading. According to the announcement, there is no funding in place, except for those $315,000 that NVEI has received under this equity facility. OTC News Network tried to reach Dodi B. Handy, the company’s investor relations contact at Continental Capital. Handy could not be reached. According to other Continental people familiar with the account, however, could not answer a simple question: was the funding in place or not. OTCNN also asked for Lilly Beter’s phone number to talk directly to decision makers to find out about their future intentions to fund NVEI, but Continental representatives did not have that at hand. In the past two months, the company’s stock price has plummeted by almost 50%. Keeping this in mind, the terms of the equity financing package sound almost too good to be true. According to the company, it can sell its shares equal to 87% of the average market price of the common stock over the five days preceding the closing of each tranche. This amounts to 13% discount of the current market price, making a private long-term equity investment risky for the investors – after all, they would be making a long-term investment in a stock with a downward trend. According to Continental Capital, any investments would be for RESTRICTED stock with piggyback registration rights. In other words, unless there are any additional registrations, investors would be holding their stock for at least a year. The $29 million question is: how much funding and how soon will NVEI be able to secure with these terms? New Visual is developing broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver high data content to the home or office at VDSL (52Mbps) data transfer rates. Disclaimer OTC News Network is an unbiased, objective news source focusing exclusively on OTC Bulletin Board companies. We do NOT publish any paid editorial content. In addition, OTC News Network does NOT own any stock in any OTC Bulletin Board companies. None of the shareholders, officers and affiliated entities owns any stock in the companies mentioned in this article. This ensures that OTCNN can make its editorial decisions objectively. Companies included in the news stories have NOT paid a fee or any other form of compensation for their appearance. Previous Article Next Article XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

To: Jeffrey S. Mitchell who wrote (934)	1/17/2001 7:35:43 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 12465

Re: 1/10/01 - [NVEI] California Superior Court judge places in abeyance Raging Bull subpoena Author: LesLFrench Forum Host Posts: 192 From: Portland, Oregon USA Registered: Mar 2000 posted 01-10-2001 05:17 AM -------------------------------------------------------------------------------- Topic: Another small victory! A California Superior Court judge has placed in abeyance a subpeona served on Raging Bull requesting ID information on one of RB's users. The case involves the latest addition to our growing list of SLAPP bullies, New Visual Entertainment of San Diego, California. The subpoena was stayed by the court after the anonymous poster voluntarily appeared anonymously to challenge the subpoena. The court order is effective for 30 days and the anonymous publisher must still seek a motion to quash. The California court permitted the "John Doe" to appear anonymously to argue his motion... a procedure which is becoming more common in state and federal courts. The motion to quash will be filed with the court later this week. ------------------ Best regards to all, Les newsop.net ===== Author: CarbonCopy Rookie Poster Posts: 22 From: Registered: Jan 2001 posted 01-15-2001 02:05 AM -------------------------------------------------------------------------------- Topic: The status of the action Re: Fred_smith_jr fred_smith_jr has contacted the attorney and provided them with his true name and address for the purposes of service. He retains all other rights, including publishing rights and the right to sell his story to the highest bidder. Either this is the biggest scam ever on an bulletin board stock or they have the technology that they claim to have and will revolutionize the world. Either way, this will become a media circus if not a screenplay or documentary amd the company will be the subject of tremendous public attention. Isn't that what management wants? After all, they love to hire people to promote them. This scenario provides it to them for free. Amazing. newsop.net ===== fred_smith_jr has made available 214 of his posts on the NVEI forum on the johndoes.org web site. To view the forum directly: newsop.net Or, even better, to see all possible forums (and then select the one for NVEI), try: johndoes.org - Jeff