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To: DanZ who wrote (19407)	3/2/1999 5:11:00 PM
From: TTfinancial	Respond to of 53068

Filtered Souls Entertainment Announces Nationwide Distribution Agreement Business Wire - March 02, 1999 16:40 SAN DIEGO--(BUSINESS WIRE)--March 2, 1999--FILTERED SOULS ENTERTAINMENT, INC. (OTC BB: FSOL) announces that its joint venture partner SKYLINE RECORDS reports that it has signed a long-term exclusive music distribution agreement with industry giant PRIVATE EYE/MERCURY/UNIVERSAL. This now ensures a timely release of all FILTERED SOULS/SKYLINE recordings, which will receive nationwide distribution. As a result of this agreement, the FILTERED SOULS/SKYLINE joint venture anticipates that this should result in significant revenues for the two companies in the near future. SECRET SERVICE: SECRET SERVICE, the duo from the Filtered Souls family, has just finished recording their first solo LP (full length album) for SKYLINE RECORDS. It features the Gold-selling singer Shiro, courtesy of Virgin Records and the Platinum Latino Rap legend Frost. Frost is featured on a SECRET SERVICE song called Latin Kings, geared heavily toward the Hip-Hop and Latin music markets. The album, tentatively entitled TOP SECRET, was recorded and mixed at Paramount Recording Studios in Hollywood, Calif. The first single is scheduled for an April 1999 release and the LP is set to hit stores in May. MAD ONE: SKYLINE RECORDS has licensed a second song to WCW Wrestling. On Jan. 26, 1999, MAD ONE and KONNAN (the WCW wrestling star) recorded the song together at Paramount Recording Studios. TIME WARNER filmed a video for the new song entitled Bow Wow Wow in Fullerton, Calif., two days later. On Feb. 10, 1999, MAD ONE and KONNAN appeared and performed on the Donnie and Marie Show, which airs Monday - Friday at 9 a.m. on ABC (this episode is scheduled to air on June 4, 1999). The entitled Bow Wow Wow video made its debut on Feb. 22, 1999 on the very popular Turner Network Television (TNT) wrestling show, Monday Night Nitro. The video was used as a hook for the show's millions of viewers. Short clips of the video aired during transitions to and from commercials throughout the broadcast until, finally, in the last few minutes of the show, the video was played. Bow Wow Wow will be featured on MAD ONE's forthcoming album. Recording is scheduled to begin in March 1999. FILTERED SOULS has retained promotional firm Wesroc Corporate Communications and its associate, Twin Towers Financial Group, to provide consulting services for a period of twelve months in connection with the Company's public relations dealings with broker/dealers and the investing public. The Company has agreed to a 4% convertible debenture financing due March 1, 2000, in the total amount of $2 million. Holders of the debenture will be entitled to convert the principal amount to one million shares of the Company's common stock at a conversion price of $2 per share no earlier than 180 days after closing. FILTERED SOULS ENTERTAINMENT INC. Ian D. Lambert President FILTERED SOULS ENTERTAINMENT, INC. is on the National Association of Securities Dealers Electronic Bulletin Board (Symbol: "FSOL"). For further information or details call (619) 274-3013 or visit our web site at www.filteredsouls.com CERTAIN INFORMATION INCLUDED IN THIS COMMUNICATION (AS WELL AS INFORMATION INCLUDED IN ORAL STATEMENTS OR OTHER WRITTEN STATEMENTS MADE OR TO BE MADE BY FILTERED SOULS ENTERTAINMENT, INC.) CONTAINS STATEMENTS THAT ARE FORWARD-LOOKING, SUCH AS STATEMENTS RELATING TO THE FUTURE ANTICIPATED DIRECTION OF THE ENTERTAINMENT INDUSTRY, PLANS FOR FUTURE EXPANSION, VARIOUS BUSINESS DEVELOPMENT ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE FUNDING RESOURCES, ANTICIPATED SALES GROWTH AND POTENTIAL CONTRACTS. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL OPERATIONS OR RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED. CONTACT: Filtered Souls Entertainment Inc. Ian D. Lambert, 1-800-688-8644

To: DanZ who wrote (19407)	3/3/1999 8:55:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

ASHW sales and earnings nasty sales way down but inv and a/r up trading right at book so far pre market is ok no idea where this will trade today but the company sure has a ton of work to turn around will play the Z's position by ear

To: DanZ who wrote (19407)	3/3/1999 3:43:00 PM
From: Iceberg	Read Replies (2) \| Respond to of 53068

Chat Dan: day traders and the "wash sale" rule Dan, Are you familiar with a thing called a "wash sale" rule as related to the IRS and taxes? This is probably a question best answered by a CPA, but since it is something that could potentially affect day traders [day traders as classified by the IRS], I thought I'd toss it out here on the Z-thread to see if you, or any others here, are more familiar with the "wash sale" rule than I am... I read an article in the 22 Feb '99 issue of the Washington Post National Weekly Edition, called "Who's a Trader and Who's Not?" by Albert B. Crenshaw. Here's a quote... "...day traders need to watch out for the 'wash sale' rules. A wash sale occurs when a taxpayer buys a security, sell it at a loss and buys it back again within 30 days. Such a series of transactions allows taxpayers to create a loss without changing their real economic position, so deductions are not allowed for losses generated by wash sales. Instead, the loss must be added to the 'basis' (in effect the cost) of the security when it is purchased the second time, and taken into account when it is finally sold." I'm not sure I exactly understand how flipping a stock during the day can create a loss without changing one's "real economic position". It seems to me that if I buy and sell a stock at a loss during the day, my "real economic position" has been altered beyond any shadow of a doubt...except possibly as a technicality, as viewed by the IRS. I know this is a complicated subject, and I certainly don't expect any detailed response. I was mainly wondering if you were familiar with the "wash sale" rule, and if so, what you might think about it in general. Thanks, Ice