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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: HRAKA who wrote (25164)	3/29/1999 6:49:00 PM
From: StockDung	Respond to of 122087

Think about it? We are just helping the SEC finish them off and stop this crime against society. NEWS RELEASE Contact: Tony Squeglia Coyote Network Systems (818) 735-5385 E-mail: A.Squeglia@cyoe.com Coyote Network Systems Requests SEC To Investigate Recent Stock Trading Westlake Village, CA – December 14, 1998 – Coyote Network Systems (Nasdaq: CYOE), today said it has requested the Securities & Exchange Commission to investigate recent trading in the Company's common stock to determine whether there has been any market manipulation or other potential illegal activity. On December 9th, TheStreet.Com (TSC) published articles about Coyote Network Systems that the Company believes are incomplete and misleading. Since TSC published the initial articles, there has been significant activity among various Internet "chat" rooms, with many statements made that the Company believes have caused significant harm to the Company, its shareholders, customers and vendors. In addition, the trading volume on December 9th and 11th were approximately 2.4 and 2.3 million shares, respectively. The average daily trading volume in the Company's common stock over the past month was less than 200,000 shares per day. About Coyote Network Systems Headquartered in Westlake Village, CA, Coyote Network Systems (CNS) provides telecom equipment, international and domestic long distance services, and "backroom" operations and support to carriers and affinity-based groups. Coyote Technologies provides scalable Class 4/5 and Internet Protocol gateway switches. Headquartered in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Headquartered in Los Angeles, CA, Interactive Network Systems markets international long distance services, primarily to affinity groups. CNS is authorized to provide competitive local exchange carrier (CLEC) services in the State of California. For more information, please visit the Company's Web site: cyoe.com. The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. For more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC.