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To: Bucky Katt who wrote (983)	5/22/1998 4:22:00 PM
From: BlueCheap	Read Replies (1) \| Respond to of 1078

TO ALL: NASD Board Approves Microcap Rule Proposals Washington, D.C.-The National Association of Securities Dealers, Inc. (NASDr) today announced that its Board of Governors has approved a series of proposed rule changes for the OTC Bulletin Board and the OTC market. These rules, which will now be sent to the Securities and Exchange Commission (SEC) for approval, will enhance investor protection by ensuring that current financial information about the companies that are quoted on the OTC Bulletin Board is publicly available. The rules also include sales practice initiatives that will require brokers to take additional steps before they recommend a transaction in any OTC security, and provide investors in all OTC transactions with increased disclosure. The rules approved today will: OTC Bulletin Board Eligibility Rule - Permit only those companies that report their current financial information to the SEC, banking, or insurance regulators to be quoted on the OTC Bulletin Board. Companies whose securities are quoted on the OTC Bulletin Board, when the rule becomes effective, will have 6-12 months to comply with the new requirements. Recommendation Rule - Require brokerage firms to review current financial statements before they recommend a transaction in any OTC security (a security that is not listed on Nasdaqr or any registered national securities exchange). Disclosure Rule - Require brokerage firms to provide investors with written disclosure of the differences between OTC securities and those that trade on a listed market. The disclosure statement will be provided on each customer's confirmation following any trade in an OTC security. Under the new OTC Bulletin Board Eligibility Rule, any company that does not make current filings with the SEC, bank, or insurance regulators will be eliminated from the OTC Bulletin Board after the phase-in period. By encouraging companies to provide information to regulators, this rule significantly increases the amount of current public information available to investors. Companies that are not eligible to be quoted on the OTC Bulletin Board would be eligible to be quoted in other quotation mediums, such as the Pink Sheets. Beginning in April 1998, the SEC required foreign securities to be fully registered with the SEC to remain quoted on the OTC Bulletin Board. The proposed Recommendation and Disclosure rules would not apply to transactions in securities of banks and insurance companies, and to companies with more than $100 million in assets and $10 million in shareholder equity. Transactions with institutional investors will also be exempt. "Effectively eliminating non-reporting companies from the OTC Bulletin Board, coupled with the required pre-recommendation review of current financial information and the additional investor disclosure, will help address microcap market abuses," said Frank G. Zarb, NASD Chairman and Chief Executive Officer. In December 1997, the NASD Board agreed on the importance of the reform proposals and sought public comment on them. During more than two months of public comment, the NASD received a total of more than 60 comment letters, all of which were reviewed prior to developing these final rules The OTC Bulletin Board is a quotation service that displays real-time quotes, last sale prices, and volume information in domestic and certain foreign securities. Eligible securities include national, regional, and foreign equity issues; and warrants, units, and American Depositary Receipts (ADRs) not listed on any other U.S. national securities market or exchange. Unlike The Nasdaq Stock Market or other listed markets-where individual companies apply for listing and must meet and maintain strict listing standards-individual brokerage firms, or market makers initiate quotations for specific securities on the OTC Bulletin Board. Currently, approximately 6,400 securities are quoted on the OTC Bulletin Board. The National Association of Securities Dealers is the largest securities-industry self-regulatory organization in the United States. Through its subsidiaries, NASD Regulation, Inc., and The Nasdaq Stock Market, Inc., the NASD develops rules and regulations; provides a dispute resolution forum; conducts regulatory reviews of members' activities; and designs, operates, and regulates securities markets all for the benefit and protection of investors.

To: Bucky Katt who wrote (983)	5/26/1998 4:03:00 PM
From: BlueCheap	Read Replies (1) \| Respond to of 1078

Tuesday May 26, 3:00 pm EST Cashco Management Retains Investor Relations Firm NEWMARKET, Canada--(BUSINESS WIRE)--May 26,1998--Cashco Management Inc. (NASDAQ BB:CSHK - news) announced today that it has hired The Pinnacle Group of New York City as its financial relations counsel. Commenting on the announcement, Rhonda Windsor, President, Cashco Management Inc. said, ''We have retained The Pinnacle Group as our investor relations agency of record because of their outstanding track record of enhancing shareholder value for emerging growth companies in all industries. Because of the strong outlook for our business operations, we feel that now is the opportune time to increase our visibility with the Wall Street investment community.'' Cashco Management Inc., based in Newmarket, is an information systems management company focusing primarily on opportunities in the retail industry. The Pinnacle Group, based in New York City, is a full service investor and public relations agency. Contact: Cashco Management Inc., Newmarket Rhonda Windsor, 905/898-0918 or The Pinnacle Group, New York Mark Cohen, 718/428-7651 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I've been in this stock and made a profit, just bought back in again at .30 cents for a speculative investment. Have no idea what (CSHK) will do from this point, but (CSHK) remains a popular recommendation of "Stocks For Tomorrow". (CSHK) ran from this price to almost a $1 earlier.... Regards, Malcolm

To: Bucky Katt who wrote (983)	6/2/1998 5:54:00 AM
From: BlueCheap	Read Replies (1) \| Respond to of 1078

NEW NASDAQ RULES: On May 7, 1998, the National Association of Securities Dealers, Inc. (NASDr) Board of Governors approved a series of proposed rule changes for the OTC Bulletin Boardr (OTCBB) and the OTC market. These rules, which will now be sent to the Securities and Exchange Commission (SEC) for approval, will ensure that current financial information about domestic companies that are quoted on the OTCBB is publicly available. Presently, NASD rules require foreign issuers to file with the SEC. The rules also will require brokers to take additional steps before they recommend a transaction in any OTC security, and provide investors in all OTC transactions with increased disclosure. The rules approved will: OTC Bulletin Board Eligibility Rule - Permit only those domestic companies that report their current financial information to the SEC, banking, or insurance regulators to be quoted on the OTCBB. If an issuer is delinquent in its reports, there will be a grace period of 30 days during which Market Makers may continue to quote the security. Non-reporting companies whose securities are already quoted on the OTCBB will have 6-12 months to comply with the new requirements once the rule becomes effective. Recommendation Rule - Require brokerage firms to review current financial statements (i.e., put out in the last 12 months) about the issuer before they recommend a transaction in any OTC security (a security that is not listed on Nasdaqr or any registered national securities exchange). Additionally, firms must designate a qualified registered individual to review the information required by the rule. Disclosure Rule - Require brokerage firms to provide investors with written disclosure of the differences between OTC securities and those that trade on a listed market. The disclosure statement will be provided on each customer's confirmation following any trade in an OTC security. Under the new OTC Bulletin Board Eligibility Rule, any company that does not make current filings with the SEC or U.S. bank or insurance regulators will be eliminated from the OTCBB after the phase-in period. Companies that are not eligible to be quoted on the OTCBB would be eligible to be quoted in other quotation mediums, such as the Pink Sheets. The proposed Recommendation and Disclosure rules would not apply to transactions in securities of banks and insurance companies, and to companies with more than $100 million in assets and $10 million in shareholder equity. Transactions with institutional investors will also be exempt. In December 1997, the NASD Board agreed on the importance of the reform proposals and sought public comment on them. During more than two months of public comment, the NASD received numerous comment letters, all of which were reviewed prior to developing these final revised proposals. The rule changes will now be filed with the SEC, and will subsequently published for public comment in the Federal Register.