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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (866)	4/12/1999 11:38:00 AM
From: Investman	Read Replies (1) \| Respond to of 1848

Chisy-GFX News Release Today Stock Up .35!! Chisy for your information- stock looks good....Stock was halted on Friday. Resume trading this morning 7:00 am Please see attached News Release Golden Fortune provides joint venture details Golden Fortune Investments Limited GFX Shares issued 7,655,000 1999-04-08 close $0.25 Monday Apr 12 1999 Mr. James Tong reports The company has clarified the details regarding its business arrangement with the Nanjing Orient Communications Equipment Factory in China. At this juncture the company has a letter of intent for a joint venture agreement with NOCEF. The objective is to source telephony intellectual property from outside Mainland China. The agreement is a joint venture between the two companies and covers a broad spectrum to include hardware, software, and conceptual information technology abstracts. To this end, Golden Fortune has identified the necessary hardware to assist consumers wishing to connect on-line to circumvent traditional routes. The hardware testing will begin Monday, April 12, 1999, in the People's Republic of China and will require between 60 to 90 days to completion. Effectively what is required is the equivalent of an Underwriter's Laboratory approval, an Industry Canada Radio Equipment Certificate approval, or a Federal Communications Commission grant of equipment authorization being met. The equipment being certified requires a certain bandwidth frequency to operate on. NOCEF currently has two different frequency licences in place for its role as a manufacturer of wireless communication system, which includes Motorola (China) products to the Chinese Railway Bureau. The Nanjing Orient Communications Equipment Factory has a proven track record with the certification process in China. With respect to Golden Fortune's interest in mining claims situated in the Great Bear Magnate Zone in the North West Territories, the claims are in good standing and all filings are up to date. The company has fulfilled its commitment to the work program of spending $315,000 on or before Dec. 31, 1998. Its next obligation for the phase two work program is to commit $1-million on or before Dec. 31, 2001. Currently, the company is awaiting the final recommendations from the geologist on the next phase work program and management will evaluate the report when received and decide the action plan in due course. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)