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To: GoNorth who wrote (11360)	3/11/1999 11:50:00 AM
From: GoNorth	Respond to of 37507

Question anyone, can anyone give me an example of a retail business that operates on 6% Gross Margins? Does anyone know the Gross Margin that Amazon operates on? I'd think that books have a good margin. Thanks in advance.

To: GoNorth who wrote (11360)	3/11/1999 11:54:00 AM
From: Ruby	Read Replies (2) \| Respond to of 37507

New Canadian Internet Stock just listed on the Can. OTC, Iwave.com (IWAV) Check out release below, and have a look at their web site at iwave.com This company has $1 million a year in sales, new products coming on stream, a great share structure, and management which is aggresively building a company. For discussion: Subject 26422 iWave.com completes Rainforest acquisition iWave.com Inc IWAV Shares issued 7,429,715 Wednesday Mar 3 1999 Mr. Michael Evans reports The company has completed the acquisition of Rainforest Publications Inc. of Charlottetown, PEI by the issuance of 1,896,686 shares of the company in exchange for all of the issued shares of Rainforest. Rainforest Publications Inc. is the developer and marketer of a sophisticated Internet-based on-line information service (Prospect Research Online) catering to the worldwide institutional and corporate fundraising market. To date, through the development and marketing of the comprehensive PRO service, Rainforest has secured more than 300 North American annual paid subscribers in approximately 2,000 locations, including numerous prestigious organizations such as Harvard University, the American Cancer Association, and the American Red Cross. Also, in conjunction with the acquisition of Rainforest, iWave.com has completed a brokered private placement with Canaccord Capital Corporation, pursuant to which iWave.com issued 1.3 million units at 35 cents to raise gross proceeds of $455,000. Each unit consists of one share and a half warrant, each warrant entitling the holder to buy one additional share for one year at 45 cents. The net proceeds to the company were $423,150, $323,150 of which will be used to finance expanded marketing efforts, product development, recruitment of marketing staff and provide for general working capital. The company will also allocate $100,000 to settle existing obligations, accounts payable and corporate debt. The company has also created a stock option plan pursuant to which the company may grant up to 1.5 million incentive stock options in accordance with the terms of the plan. The plan was approved by shareholders at the special shareholders' meeting held on Feb. 2, 1999. Pursuant to the plan, the company has now granted options to purchase up to 900,000 shares at 35 cents per share exercisable for three years. In addition, a separate option has been granted pursuant to the plan to purchase up to 40,000 shares at 75 cents for three years. The company had 8,704,113 common shares issued before the one for four consolidation effected on Feb. 2, 1999, which reduced the number of issued shares to 2,176,029 shares. As a result of the acquisition of Rainforest and the completion of the said brokered private placement and a previous private placement for two million units, there are issued 7,429,715 common shares. The Canadian Dealing Network has approved quotation of the common shares of iWave.com, Inc. Quotation on the CDN system under the symbol IWAV will be available starting March 4, 1999.