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Microcap & Penny Stocks : HYPD--Several news releases expected -- Ignore unavailable to you. Want to Upgrade?

To: GARY P GROBBEL who wrote (70)	6/3/1999 10:33:00 AM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 109

Very nice release a few minutes ago...stock at .62/.90 right now with no trades. Horrendous spread but stock has been as high as 1.31 in last 20 days...gpg (PR Wires) DJ: HyperDynamics Corporation Announces Major E-commerce Con DJ: HyperDynamics Corporation Announces Major E-commerce Contract With $100M+ National Retailer HOUSTON--(BUSINESS WIRE)--June 3, 1999--HyperDynamics Corporation (OTC BB:HYPD) announced today the success of MicroData Systems, Inc., (its wholly owned subsidiary) in closing a significant Internet based e-commerce development project with The Mattress Venture, LP of Houston, Texas. The Mattress Venture, LP currently supports eighteen (18) separate franchises with approximately one hundred thirty (130) franchised stores. According to Furniture/Today magazine, The Mattress Firm is currently the 46th largest furniture sales organization and fastest growing bedding specialty retailer in the United States with projected annual sales in excess of one hundred million dollars ($100,000,000). The initial project budget is estimated at $800,000 and may grow rapidly depending upon the startup or acquisition of additional stores. From a technical perspective, the HyperDynamics' design utilizing the Internet provides a unique approach in partnership with such industry leaders as Microsoft (Nasdaq:MSFT), Great Plains Software (Nasdaq:GPSI), and Citrix Systems Inc.(Nasdaq:CTXS). Harry Briers, president of MicroData Systems, Inc., stated that, "We are delivering the first Web-based point-of-sale application that is fully integrated with inventory, distribution, and financial accounting. Our design will minimize the cost and complexity at the store level. Stores will only need a PC connected to the Internet in order to operate. The system will be easily scalable to meet the requirements of almost any size organization." Kent Watts, president, stated that, "HyperDynamics views this project as a core opportunity. We are proving that companies that currently utilize expensive private networks can now have the option to leverage the real value of the Internet. As a result of our approach, retail and many other industries that currently use older technology can save enormous amounts of money while increasing their overall operating productivity. Additionally, we believe our timing to be in-line with the rapid development of the Internet infrastructure around the world." Kent Watts further proclaimed, "There is a tidal wave of change coming which is monumental and of historical significance. Businesses today must learn to surf or they will drown." The unlimited potential for additional projects is exciting. As the premier Internet Technology Service Provider (ITSP), HyperDynamics expects to develop an ongoing and recurring revenue base of Internet based projects and IT (Information Technology) hosting services. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT: Stock Enterprises Jim Stock, 702/614-0003 jamestock@aol.com www.hyd.net 10:11 EDT JUNE 3, 1999 * end of story *