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

To: Mama Bear who wrote (25402)	3/30/1999 12:36:00 PM
From: Aireman	Read Replies (1) \| Respond to of 122087

Yea, it would be really interesting to see what the insiders are doing today....I wondering if today's selling activity was due to them.

To: Mama Bear who wrote (25402)	3/30/1999 12:52:00 PM
From: Wolff	Read Replies (2) \| Respond to of 122087

As a heads up, CYOE needs to tell us what happened with the Systeam deal, TODAY. This deal was extended to March 29 from the March 18th. The deal should either be done or over. Note that they still have not statused the loan of 10 Million announced hours after your article concerning their cash shortage. They did a PR again on this loan on the 19th. People have questioned how a company with the financials of CYOE could get such an advantageous loan. The last time the deal was supposed to complete on the 18th the company was quiet for a full week after the critical date. The critical data has again passed. Here is the SEC document that quotes concerning this deal. ------------ Quoted out of 10-Q February 16, 1999 "Under the Systeam acquisition agreement, the Company is obligated to pay $3.5 million by March 18, 1999. The Company is currently seeking to raise funds to meet this obligation. However, if the Company in unable to obtain the funds by March 18, 1999, the Company may ask Systeam to extend such date. There can be no assurance that an extension will be granted and this agreement maybe terminated, which could have a material adverse effect on the Company." ---------------- -------------------------contents of press release------------ Thursday March 25, 8:29 am Eastern Time Company Press Release SOURCE: Coyote Network Systems, Inc. Coyote Network Systems Updates Systeam Acquisition WESTLAKE VILLAGE, Calif., March 25 /PRNewswire/ -- Coyote Network Systems, Inc. (Nasdaq: CYOE - news) today announced that Systeam S.p.A. has agreed to extend to March 29 the date by which Coyote could increase its equity position in Systeam. Under the terms of the revised agreement, Coyote now has the option to either increase its equity position from 9% to approximately 15% for $1.5 million, or to increase such position to 60% by making an investment of $5 million and 880,000 shares of Coyote common stock. The Company plans to finance the acquisition with the proceeds of its loan commitment; however, such proceeds have not yet been received and there can be no assurance that they will be received. About Coyote Network Systems Based in Westlake Village, CA, Coyote Network Systems provides telecom equipment and international long distance services. Based in Richardson, TX, Coyote Technologies provides scalable Class 4/5 telecom switches and IP (Internet Protocol) gateway systems. Based in Atlanta, GA, Coyote Communications Services provides service and network operations support to Coyote customers. Based in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Based in Los Angeles, CA, INET Interactive Network System markets international long distance services, primarily to affinity groups. Coyote and Profitec recently formed TelecomAlliance, a joint venture designed to enhance the growth of up to 30 switchless resellers. TelecomAlliance will manage an IP-based network that combines voice and data services, as well as backroom services, such as billing, customer service and service provisioning. Coyote is authorized to provide competitive local exchange carrier services in California. For more information, please visit the Company's Web site: cyoe.com, or call 1-818-735-5385. 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, Form 10-Q and other filings with the Securities & Exchange Commission. SOURCE: Coyote Network Systems, Inc.