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

To: T A P who wrote (32)	4/22/1999 3:29:00 PM
From: T A P	Read Replies (1) \| Respond to of 38

MORE MGHI NEWS!! Check out these #'s!! Mirage Holdings, Inc. Announces Over 300% Sales Increase. SANTA MONICA, Calif., April 22 /PRNewswire/ -- Mirage Holdings, Inc. (OTC Bulletin Board: MGHI) ("Mirage") is pleased to announce preliminary third quarter results of its subsidiaries, Network Solutions (Pvt.) Ltd. and Netsol UK, Ltd. subject to financials consolidated for the 10-Q filing for the Quarter ending March 31, 1999. The combined revenues of both Network Solutions (Pvt.) Ltd. and Netsol UK, Ltd. for the nine months ending March 31, 1999 grew to $3.4 million from $770,000 during the same period of 1998 or a 340% increase. The third quarter sales increased to $890,000 from $680,000, an increase of 31%. The profits before taxes for both companies grew to approximately $350,000 for the nine months ending March 31, 1999 from $23,000 in first nine months of 1998. This is a 1,421% increase from the previous year. The fiscal year for Mirage and its subsidiaries is June 30, 1999. Mirage has just completed the acquisition of both Network Solutions (Pvt.) Ltd. and Netsol UK. Ltd., effective April 17, 1999. 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 would have proved to be correct. For further information, please visit Mirage's Investor Relations Web Site: www.mghi.com Or Contact: Najeeb Ghauri Mirage Holdings, Inc. 310-395-4073 Email: najeeb@mghi.com SOURCE Mirage Holdings, Inc. CO: Mirage Holdings, Inc.; Network Solutions (Pvt.) Ltd.; Netsol UK, Ltd. T A P has received 30K shares of MGHI from Clearweather Investments Ltd. for services provided for a period of 6 months For a complete write-up on other Turn Around Picks go to T A P profile for url.