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To: jbe who wrote (352)	5/4/1999 3:14:00 PM
From: Postman	Read Replies (2) \| Respond to of 419

PRIT completed their merger today- Website is predictit.com This is an interesting site for predicting sports events. News released today: NEW YORK--(BUSINESS WIRE)--May 4, 1999--Predict It Inc. (formally WDC Development Inc.) Tuesday announced that it has merged with Predict It Corp., a provider of Web-based user-generated services that allows users to display their opinion and predictions about the outcomes of sports, financial, political, entertainment and other current events. The site objectively measures the accuracy of predictions, and rewards users when others seek their opinions. The activities of Predict It Corp. will be the principal activities of the combined entity. Predict It. Inc. is traded on the OTC Bulletin Board under the symbol PRIT. Online consumers may access Predict It Inc.'s Web site at www.predictit.com.

To: jbe who wrote (352)	5/4/1999 6:41:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 419

Congratulations on SWS. I have some thoughts of a general nature. I think that on-line brokerages are well positioned to make a considerable amount of money as a result of the internet. All of the parameters are in place. They substitute an automated system for labor, and they are scalable. With sufficient size they should be quite profitable. I particularly like NITE's business, but valuation considerations temper my enthusiasm for NITE. If the SWS runup was tied to NITE ownership you might consider a defensive posture. My understanding is that there will be a secondary offering of NITE in the not too distant future. If that's the case there could be significant profit taking which could have the result of depressing SWS (if indeed NITE is the cause of the runup). Remember that the internet stock have relatively small floats. If you are interested in a similar play BKS (Barnes and Noble) is planning to spin off its internet division (BNBN) in a few weeks. Together with Bertelsman offer 20% of the shares will be offered to the public, with BKS and Bertelsman each retaining 40%. TTFN, CTC