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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: randmiser who wrote (18122)	1/10/1999 5:46:00 PM
From: Brady B.	Read Replies (1) \| Respond to of 18444

Rand, on the outstanding shares: The Zulu-tek Common Stock currently trades on NASDAQ (OTC: "ZULU"). As of the Record Date, there were 51,917,263 shares of Zulu-tek Common Stock outstanding and no shares of Zulu-tek Common Stock reserved for issuance. After giving effect to Zulu-tek's 10:1 reverse stock split effective December 31, 1998 (and the rounding up of shares issued in the split) and the shares being issued in connection with the December Investment, there are 5,291,868 shares of Zulu-tek Common Stock outstanding.

To: randmiser who wrote (18122)	1/10/1999 5:50:00 PM
From: Brady B.	Respond to of 18444

HOW LONG HAVE THEY KNOWN ABOUT THE DELISTING However, subsequent to the March Transactions, NASDAQ requested information with respect to the structure and technical aspects of the March Transactions. After meetings and further correspondence with NASDAQ , NASDAQ indicated in August that it intended to delist the Company absent a showing that it could comply with the listing requirements. A Hearing was held on October 16, 1998 at which the Company undertook to confirm its compliance. However, the Company's Common Stock was delisted from the NASDAQ SmallCap Market on November 25, 1998. HOWEVER THEY STILL HAVE TWO MONTHS TO APPEAL The Company has formally appealed the delisting of its Common Stock and has been advised that Company submission must be made by March 10, 1999 after which the Review Council will consider the appeal. In the interim, the Company will undertake to continue to comply with the NASDAQ rules. The Company's Common Stock has been traded on the over-the-counter market on the [OTC Bulletin Board] [and on the pink sheets of the National Quotation Bureau from November 25, 1998 until. bb