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Technology Stocks : MGHI - Mirage Holdings Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mario1 who wrote (20)	3/19/1999 4:31:00 PM
From: T A P	Read Replies (2) \| Respond to of 38

After Bell MGHI news! Subj: Network Solutions (Pvt. Ltd. Netsol' Successfully... Date: 3/19/99 12:59:30 PM Pacific Standard Time From: AOL News BCC: TrnArndPik Network Solutions (Pvt. Ltd. Netsol' Successfully Completes Project with Important New Customer in Germany SANTA MONICA, Calif., March 19 /PRNewswire/ -- Network Solutions (Pvt.) Ltd. ("Netsol"), a subsidiary of Mirage Holdings, Inc. ("Mirage") (OTC Bulletin Board: MGHI) is pleased to announce that it has successfully completed a project with a new European customer FUZZY! Informatik of Germany. This project required the development of software components for their product line based on Fuzzy Logic. The software featuring object-oriented technology was developed in Microsoft (Nasdaq: MSFT) Visual C++ using RogueWaveC++ Library and documented in Rational Rose 98. The software components for FUZZY! Informatik were developed at the Netsol development facility located in Pakistan based on their offshore software development model. This project was awarded to Netsol in January 1999 and was developed and delivered within the agreed time frame, specifications and budget. The CEO of Mirage, Mr. Najeeb Ghauri, commented on this tremendous new opportunity for Netsol by saying, "Netsol has become a multi-national software development company in a rather short period of time. The company is expanding at a tremendous pace globally and the list of new customers is growing dramatically. Also, Netsol is not just limited to the leasing and finance industry any longer, as the company is expanding into many new IT related solutions and services." The implementation of the FUZZY! Informatik project could potentially open many new opportunities for Netsol in Europe and new projects are currently being explored with FUZZY! Informatik and Netsol's management team. The business relationship with FUZZY! Informatik could also potentially create even greater opportunities with many new blue chip customers in the European market. FUZZY! Informatik, based in Ludwigsburg, Germany, is a privately held software house. They have a successful five year track record specializing in FUZZY Logic based information retrieval products. The company has several blue chip customers in Europe and their business is consistently growing. Mirage owns 51% of Network Solutions (Pvt.) Ltd. and 43% of Netsol UK, Ltd. Mirage is traded at OTC-BB under the symbol MGHI. Included in this material are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. For further information contact: Najeeb Ghauri, 310-395-4073, najeeb@mghi.com, or visit the Company's web site at www.mghi.com. SOURCE Mirage Holdings, Inc. CO: Mirage Holdings, Inc.; Network Solutions (Pvt.) Ltd.; Netsol UK, Ltd. ST: California, Germany, Pakistan T A P has received 30K shares of MGHI from Clearweather Investments Ltd. for services provided for a period of 6 month For a complete write-up on other Turn Around Picks go to T A P profile for url.