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Non-Tech : Under $1.00 stocks -- Ignore unavailable to you. Want to Upgrade?

To: rjm2 who wrote (34)	1/6/2001 9:08:56 PM
From: rjm2	Read Replies (1) \| Respond to of 206

During 2000 Arete Outdoors generated cash of $644,000 through the sale of Arete's common stock in open market transactions. During the nine months ended September 30, 2000, Aggression Sports sold 17,456,500 shares of Arete for gross proceeds of $644,120. Securities and Exchange Commission civil enforcement action: In August 1999, the Securities and exchange Commission instituted a civil enforcement action in the Federal District Court for the District of Colorado against the Company, its former officers and directors and the current CEO. The complaint alleges press releases issued in February of 1998 concerning a status of a business relationship between the Company and an unrelated third party company were misleading in violation of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Additionally, the suit includes the Company's alleged failure to timely file the required periodic reports with the Commission under Section 15(d) of the Exchange Act and Rules 15b-1 and 15b-13. The action further alleges that two former officers of the Company aided and abetted the Company's violation of Section 15(d) of the Exchange Act and Rules 15d-1 and 15d-13. The SEC is seeking an injunction against the defendants. Company's counsel has determined it to be impractical to render an opinion as to the outcome of the pending action against the Company and the individuals involved. As authorized by the Company's corporate charter, the board of directors has agreed to indemnify, and advance fees and expenses to Mr. Raabe for his costs of defending the action. The case progress is at a stage wherein it is too early to predict the actual costs of the defense. The Company had stockholder's deficit in excess of assets at September 30, 2000 of $530,529. the Company may be required to issue further common stock to pay executives, consultants and other employees which may have a continuing dilutive effect on other shareholders of the Company. Failure of the Company to acquire additional capital in the form of either debt or equity capital will most likely impair the ability of the Company to meet its obligations in the near or medium term. the Company has suffered recurring losses from operations, has a working capital deficit and a stockholders' deficit, is delinquent on the payment of creditor liabilities including payroll taxes and liabilities pursuant to the Company's plan of reorganization, and is being investigated by the Securities and Exchange Commission for alleged securities law violations. These conditions raise substantial doubt about its ability to continue as a going concern. Let me go on record here. I wouldnt touch this stock at ANY price. I would HIGHLY encourage anyone who owns the shares to seek professional help . A CPA or stock broker at the very least. You have no business investing.

To: rjm2 who wrote (34)	1/6/2001 9:12:49 PM
From: jmhollen	Respond to of 206

Like life...., things change. I have personally spoken with the SEC case officer, and the AREE matter is basically dormant. The company also shed it's old '..discount coupon/mass mail.." division and has rapidly moved on AREE, under the new & current management, is making tremendous strides. Check the recent PRs quote.com, and bookmark the board - if you want to keep up with what's happening: Subject 19207. They have brought several new extreme sports products from design to market in less than a year; SnowFANG snow/ice shoes, the PowderRUSH ski-skooter, Arete Logo clothing products, etc. The heavy-duty news is the neural-network, heuristic Artifical Intelligence division, 7th Generation, and it's potential effect in the industrial voice-recognition and automated plant, production and process controls area. That's what I do for a profession (Industrial Automation), and I'm very excited about the potential. If you have a spare $3G's laying around to lend, I'd dearly love to have another 200K of AREE to add to my 1/2MM share collection...!! Most of us reasonably expect AREE to be at or above $0.15 by the end of March; would hate to see you miss that. Ya gots'ta keep up with the program..., Dude. :-) John :-)