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To: TTfinancial who wrote (7135)	3/5/1999 2:52:00 PM
From: CIMA	Read Replies (1) \| Respond to of 11130

LCSG Research Report out: Company: LCS Golf Inc. Symbol: LCSG Exchange: OTC:BB 52 Week Low-High: 0.13 / 1.80 Current Price: $1.09 ******************************************************* Summary: LCS-Golf is a significantly undervalued e-commerce / Internet portal company with 9.5 million shares outstanding. F1999 revenues are estimated at US$20 million. LCS-Golf also owns a database with information on over 3.2 million golfers. LCS-GOLF, INC. (OTC BB: LCSG) 24 East 12th Street New York, New York 10003 Phone: (212) 929 - 3376 Fax: (212) 229 - 2349 website: lcsgolf.com Could LCSG be to the golfing industry what Amazon.com is to books? LCS-Golf, Inc. (OTC BB: LCSG) is a holding company specializing in the acquisition and subsequent management of companies offering both products and services to the golf-playing public. Since going public in mid-1998, LCS-Golf has been aggressively acquiring undervalued golf-related companies that possess unique and profitable niche positions in their respective markets. Today, LCSG is the premiere golf portal on the Internet. LCS-Golf currently has 9.5 million shares outstanding, with a float of about 4.2 million. With its new e-commerce capabilities (including a strategic alliance with Amazon.com), LCS-Golf is estimating revenues of US$20 million for fiscal 1999. The company's websites provide a solid base, and the executives of LCSG are quickly developing an infrastructure for major and diverse streams of revenues. Football legend Joe Namath has been hired as a spokesman for the company's therapeutic sports magnet products, and he will soon begin appearing in a series of infomercials airing coast-to-coast, marketing LCSG's therapeutic sports magnet products. Recent LCSG acquisitions include the well-known GolfUniverse.com e-commerce site, Mister "B" III (therapeutic sports magnet products), PlayGolfNow.com - the leading provider of discounted golf services and products, and GolfPromo, Inc., an Internet direct marketing company with a database of 3.2 million golfers and over one million e-mail addresses. Specifics on each of LCS-Golf's four wholly-owned subsidiaries are as follows: GolfUniverse.com GolfUniverse.com ( golfuniverse.com ) is the Internet's premier golf information center. The depth of product and service offerings at this e-commerce site are unparalleled - all the major equipment manufacturers, apparel designers and virtually every imaginable golf-related product and service (over 1,800 categories at last count!) are available for viewing and purchase instantaneously from the comfort of one's home or office. They also have a database with complete information on over 24,000 golf courses around the world. PlayGolfNow.com Acquired in January 1999, this LCSG subsidiary is the Internet's leading provider of discounted golf services and products. PlayGolfNow.com pioneered Internet-based golf services, maintains a strategic alliance with Amazon.com. Through its unique membership program, PlayGolfNow.com (http://www.PlayGolfNow.com ) offers golfers worldwide access to course previews, discounted greens fees at over 2,000 golf courses and 400 driving ranges, and a wide range of other services from the world's leading golf and travel companies. PlayGolfNow.com also provides a monthly newsletter to 150,000 Internet-based subscribers. Mister "B" III, Inc. Mr. "B" III, Inc. is a Florida-based company that develops, manufactures and distributes therapeutic sports magnet products. The firm also produces and distributes other lines of consumer products such as microwaveable heating pads, children's novelty products, and houseware items. Mr. "B" III has an extensive and distinguished nation-wide customer base, including: Target, Wal-Mart, J.C. Penny, Montgomery Ward, and the GolfUniverse.com website. Sales for fiscal 1999 are estimated at over US$6 million (traditional retail sites only). Golf Promo, Inc. The most-recent acquisition by LCSG, Golf Promo Inc. is a Naples, Florida-based Internet direct marketing company with a database of 3.2 million golfers. Golf Promo also maintains databases of individuals associated with the travel, healthcare and investment industries. The acquisition of Golf Promo will allow LCS-Golf to target specific groups of high net worth consumers and investors - both for direct-marketing of specific GolfUniverse.com, PlayGolfNow.com and Mr. "B" III products and services, in addition to being able to lease these databases to other companies (for a sizable fee) wishing to target market their own products and services. During 1999, we expect to see LCSG shift to a full NASDAQ listing (in addition to becoming a fully-reporting company), which will provide further exposure and access to institutional funding and analyst coverage. For readers interested in a discussion of future earnings and projected trading prices of LCSG, an independent research report can be viewed at: smallcapforum.com For more information, please contact: Alon D. Kutai Investor Relations Phone: (401) 846 - 5212 ***************************************************** This bulletin is sponsored by the company and/or another party and has been sent to you for no charge. This is a service provided by StockHouse to public companies so they can disseminate recent significant developments, which potentially can affect their share price. This is not an offer to buy and sell any security which can only be made through a registered representative. StockHouse makes no warrantees as to the accuracy or completeness of the above information. Visit StockHouse.com at stockhouse.com *******************************************************

To: TTfinancial who wrote (7135)	3/6/1999 1:43:00 PM
From: CIMA	Read Replies (1) \| Respond to of 11130

SEC Charges 13 With Internet Fraud By MARCY GORDON AP Business Writer WASHINGTON (AP) — Continuing their ''sweep'' against Internet investment scams, federal securities regulators announced Thursday they had charged nine people and four companies with fraud online. The Securities and Exchange Commission alleged separate schemes that deceived investors around the world by fraudulently promoting stocks in Internet junk mail, online newsletters, Internet message board postings and Web sites. The market watchdog agency made the allegations in a civil lawsuit and three administrative actions. All four cases involved people allegedly promoting stocks without disclosing they were paid for it. The lawsuit also involved an alleged ''pump and dump'' scheme, in which promoters pushed up a stock's price by making false claims about the company and later sold their own shares to cash in on the artificially high price. The accused individuals, including one current and two former stockbrokers, promoted more than 56 publicly traded companies and received more than $450,000 for doing so, the SEC said. The companies are fairly small and their stocks are relatively cheap, risky and thinly traded. The agency ''continues to be vigilant in its efforts to stamp out fraud on the Internet,'' said SEC Enforcement Director Richard Walker. ''If you're trying to cheat investors on the Internet, we are watching and we will catch you.'' The actions were the latest moves in a nationwide crackdown against investment fraud in cyberspace started by the SEC in October. The agency has been targeting people promoting stocks over the Internet who don't disclose they are paid to do so. Such stock promotions are known as ''touting.'' Stock touting is not illegal in and of itself, but any compensation received from the companies must be fully disclosed, including the nature and amount of payment in cash or stock. In the new lawsuit, the SEC alleged that P. Joseph Vertucci, an insider of Interactive MultiMedia Publishers, and Bruce Straughn, a former Chicago stockbroker, manipulated the company's stock price in a ''pump and dump'' scheme. Vertucci and Straughn also are accused of arranging for publications to tout Interactive MultiMedia, a software development company, on the Internet and elsewhere. They allegedly paid the touters with cheap or free company stock, which the touters failed to disclose. Interactive MultiMedia's stock later collapsed and the company ceased operating, the SEC said. The agency sued Vertucci, Straughn and five other people allegedly involved in the scheme, seeking unspecified civil penalties and repayment of illegal profits from some of them. Vertucci denied any wrongdoing, saying he was deceived when he bought Interactive MultiMedia. The SEC ''missed the point. ... What they're doing is wrong,'' he said in a telephone interview. Straughn said he hadn't seen the details of the case yet and had no immediate comment. In the three administrative actions, the SEC alleged that: — Scott Flynn and his company, Strategic Network Development Inc., used Internet junk mail and a Web site called Stockprofiles.com to disseminate favorable information about several companies without fully disclosing his payments from the companies. Flynn, a former stockbroker convicted of securities fraud in another case, is said to have received at least $183,200 in cash and 322,500 shares of stock from at least 10 of the companies. Flynn could not immediately be reached for comment. —Hastings Communications, the owner and publisher of Stockprofiles.com, promoted the companies without fully disclosing its payments from the same companies. In a settlement with the SEC, Hastings Communications agreed to refrain from such violations in the future. The company neither admitted nor denied wrongdoing. —Max Ramras, through a business named RCG Capital Markets Group Inc., touted the stocks of nine companies on a Web site without disclosing payments in cash and stock options from the companies. RCG Capital Markets allegedly made more than $100,000 from the companies since November. Don Wall, an attorney in Phoenix for Ramras and his company, did not immediately return a telephone call seeking comment. The Flynn and Ramras cases will be heard by SEC administrative law judges, who will determine whether the allegations are true and whether any remedial actions should be imposed. ——— EDITOR'S NOTE: The SEC advises investors to read its Cyberspace Alert before buying any investment promoted on the Internet. The publication is available on the investor assistance and complaints link of the agency's Web site at <http://www.sec.gov/>www.sec.gov. It also is available by calling 1-800-SEC-0330. Investors also are urged to report suspicious investment offerings to enforcement@sec.gov.