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To: Craig Goodstadt who wrote (26174)	4/20/1999 9:50:00 PM
From: Sammie	Respond to of 44908

Here is the first April Press release on Nettaxi..... Nettaxi Raises $5 Million CAMPBELL, Calif.--(BUSINESS WIRE)--April 5, 1999--Nettaxi, Inc. (NASDAQ OTC BB: NTXY - news), a premiere commerce enabled community and portal web site with more than 80 million monthly page views, today announced that it has raised $5 million in capital through a private placement of 5% convertible debentures to a fund managed by Rose Glen Capital Management, L.P. ''We are continuing to execute Nettaxi's plan to be a provider of preeminent commerce-enabled communities,'' said Robert Rositano, chief executive officer, Nettaxi. ''With our new financing, Nettaxi will be able to focus on providing services that make using the Internet an easy and enriching experience.'' The debentures are convertible into common stock at an initial conversion price equal to 120% of the average closing bid price of the stock for the ten trading days ending on March 26, 1999, the date on which the investor formally committed to make the investment. Under certain circumstances, the conversion price may be adjusted based upon the future market price of the stock. As part of the purchase of the debentures, the investor obtained the right to purchase up to an additional $5 million of common stock at the then effective conversion price of the debentures. In addition, the investor received warrants to purchase 150,000 shares of common stock at an exercise price equal to 125% of the average closing bid price of the stock for the ten trading days ending on March 26, 1999. About Nettaxi, Inc. (http://www.nettaxi.com) Nettaxi, Inc., with headquarters in Campbell, Calif., is a premier commerce enabled community and portal web site. Through its Web site at www.nettaxi.com and its connected CD-ROM product, ''Internet The City,'' Nettaxi provides access to topic specific, personalized content and services such as search features, free e-mail and personal home pages. Nettaxi's various communities provide citizens access to news, search engines, arts and entertainment information, government records, financial data, educational materials and sports information. Nettaxi is the first online community to use the eCHARGE transaction system (http://www.echarge.com) in conjunction with e-commerce, allowing consumers to charge online purchases to their monthly telephone bills rather than to credit cards. Nettaxi also allows its premium citizens access to e-charge as a billing option. This affiliation with eCharge provides Nettaxi with a competitive advantage over other publicly traded web communities, such as theglobe.com, Inc. (NASDAQ N-Mkt.: TGLO) located at theglobe.com and GeoCities, Inc. (NASDAQ N-Mkt.: GCTY) located at geocities.com. Safe Harbor Statement Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains ''forward-looking statements'' which can be identified by the use of forward-looking terminology such as ''believes,'' ''expects,'' ''may,'' ''should,'' or ''anticipates'' or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements. -------------------------------------------------------------------------------- Contact: Nettaxi, Inc. Robert Rositano, Jr., 408/879-9880 rar@nettaxi.com or The Benjamin Group Inc. Kristi Melani, 408/559-6090 kristi_melani@benjamingroup.com --------------------------------------------------------------------------------

To: Craig Goodstadt who wrote (26174)	4/20/1999 9:54:00 PM
From: Sammie	Respond to of 44908

and this... CAMPBELL, Calif.--(BUSINESS WIRE)--April 7, 1999--Nettaxi, Inc. (OTC BB:NTXY - news), a premiere commerce enabled community and portal Web site with more than 80 million monthly page views, today finalized the total acquisition of Plus Net, Inc., valued at approximately $70 million. Plus Net is a portal site with a robust search engine, Web-based e-mail service and e-commerce engine. These features will accelerate Nettaxi's R&D efforts, and will enrich the Internet experience of Nettaxi citizens through its own portal site located at www.nettaxi.com. ''With the acquisition of Plus Net, Nettaxi citizens will now have access to topic-specific searches, advanced e-mail capabilities and an e-commerce engine which allows timely and safe credit card transactions for online businesses,'' said Robert Rositano Jr., chief executive officer, Nettaxi. ''We will be announcing the availability of these services and others over the next few months, to provide a rich Internet experience for our citizens.'' About Nettaxi, Inc. (http://www.nettaxi.com) Nettaxi, Inc., with headquarters in Campbell, is a premier commerce enabled community and portal Web site. Through its Web site at www.nettaxi.com and its connected CD-ROM product, ''Internet The City,'' Nettaxi provides access to topic specific, personalized content and services such as search features, free e-mail and personal home pages. Nettaxi's various communities provide citizens access to news, search engines, arts and entertainment information, government records, financial data, educational materials and sports information. Nettaxi is the first online community to use the eCHARGE transaction system (http://www.echarge.com) in conjunction with e-commerce, allowing consumers to charge online purchases to their monthly telephone bills rather than to credit cards. Nettaxi also allows its premium citizens access to e-charge as a billing option. This affiliation with eCharge provides Nettaxi with a competitive advantage over other publicly traded Web communities, such as theglobe.com, Inc. (Nasdaq/NMS:TGLO - news) located at theglobe.com and GeoCities, Inc. (Nasdaq/NMS:GCTY - news) located at geocities.com. Safe Harbor Statement Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains ''forward-looking statements'' which can be identified by the use of forward-looking terminology such as ''believes,'' ''expects,'' ''may,'' ''should,'' or ''anticipates'' or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements And this......

To: Craig Goodstadt who wrote (26174)	4/20/1999 10:04:00 PM
From: Stealth	Respond to of 44908

To All: Wow -- lots of bickering tonight. Just got through all the posts. I'm a lurker only, except when I feel strongly enough to comment aout something. I don't see how many of you refuse to believe that Sword does not have all of our best interests in mind. Many of his posts have been rational and intelligent and positive and he has brought many good points to light. Heck, if someone's going to spearhead an effort to do some ultra-meticulous DD, then I'd sure support them. How can you say that this guy doesn't want the company to prosper? Was it not he who quelled many fears and settled nerves in the days after the big dilution issue? Was it not he who estimated the value of the stock to be many times what REW's own research showed? Was it not he who has and still is trumpeting the merits of JH and what he will do for the company? Sword knows his stuff, and I think that we should be fortunate that he has brought some potentially<i/> troubling issues to light. I am very grateful for Marty's work and report, but as he said himself -- the documents are confusing on purpose!<b/>. A lot of you have been upset with Rob Gordon and what he's awarded himself. Whether I am or am not is irrelevant. For those of you that are, however, how can you be sure that there's not a nice little clause stuck somewhere else in the 10-K or similar documentation? Whether it's regarding options or car allowances or WHATEVER ELSE? You just don't know until you look. People have different comfort levels with investments. For some, an investment in a penny stock is like playing the slots, while others want to do all the DD they can so they can predict when they'll be buying their 100-foot yachts...but I don't think meticulous DD actually hurts anybody. It's something that should be done as much and by as many different people as possible. No one on their deathbed has ever said, "I did too much DD." Unfortunately, I'm not in much of a position to help at the moment. And I'd contribute to Sword's effort, but to tell you the truth, I am in sooooo much debt because of TSIG that frankly I can't afford it. But a professional opinion on some confusing documents is certainly something I'm not going to mind. For those of you that don't believe in Sword's initiative, let him do it and fork over most of the $10 Gs himself. If it turns out that his concerns were not valid, then laugh yourselves silly and say, "Told ya so!". But should something of material and potentially harmful value come from his findings, what are you going to do then? Probably thank him. I'm long TSIG and very glad I am. Now let's start making some money, and in the meantime, try bringing this thread back to its former professionalism. We might just be havin' to role out the Welcome mat for a few visitors, don't ya know?!? Just my thoughts. Stealth