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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: dexx who wrote (1384)	5/23/1999 9:09:00 PM
From: Matt Brown	Respond to of 5041

For those of you on the Club Fatt! OTC BB Letter...... Please! Make sure you read my last email! I have a feeling that the stock is going to be wild tommorow. This evening, some major stock sites picked up on it and recommened it as their own pick of the week... Please be careful with market orders. Those of you in CFU, I have preached on this! Take care. FM clubfatt.com BTW, I am now having to copyright THOSE emails just like I did with the Club Fatt! Research Team letters, because people are posting them everywhere. I don't care if the OTC BB letter is posted, as long as it includes EVERYTHING.

To: dexx who wrote (1384)	5/23/1999 9:12:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 5041

For the XNETer out there! Good News! Xin Net Corp., Formerly Placer Technologies Inc., Makes Announcement Friday, May 21, 1999 08:58 am VANCOUVER, British Columbia--(BUSINESS WIRE)--May 21, 1999--Further to the announcement of April 23, 1999 Xin Net Corp. (OTC BB: XNET) wishes to announce that Xin Hai, Xin Net's subsidiary in China, has an office now open for business in Shanghai. The office has a staff of 15 including a team of 8 sales people. Sales and promotion have already started. Shanghai is the largest city in China with a population of 14 million as well as the country's leading financial and business center. It is the headquarter location of choice for many foreign companies. The city is currently competing with Hong Kong to host a Disney theme park for the Greater China region. Together with Beijing and Guangzhou, Shanghai is one of the top three Internet markets in China. Xin Net is now represented in two of the three markets. In a Financial Post article dated May 20, 1999, Legend Holdings has stated that it has reoriented its corporate strategy to put the Internet at the centre of all its product development, marketing and design. With over US$ 1 Billion in revenue, Legend is China's largest computer-maker. Liu Chuanzhi, Legend chairman and chief executive says that they would develop a series of brand-name products such as workstations, servers, palm-sized computers and digital household appliances, all designed for the Chinese-language Internet. Legend agreed in March to co-operate with Microsoft Corp. to make Internet access available to tens of millions of Chinese who have a television but cannot afford a personal computer. Legend will sell "set-top" boxes fitted with Microsoft 's Venus software, enabling people to access the Internet using their televisions. This will open up the existing 320 million television sets in China to be potential Internet users. Xin Hai is an Internet Service Provider (ISP) and Internet Content Provider (ICP) that has more than 22,000 subscribers. Xin Hai is currently offering a "flea market" E-Commerce product to its subscribers with over 10,000 items offered for sale. An expanded service will be made available shortly. After Shanghai, the next location is Taiyuan (populations 8 million); a license has already been granted for the city. License applications for several other cities are also underway. For the year ended December 31, 1998, Xin Hai reported an audited Net Income of US$106,638 from Internet operations in China. As a result of the US$5.5 million financing, Xin Net is now aggressively seeking to expand its subscriber base and Internet services. Its current staff of 65 is expected to increase significantly as the business grows. Forward-looking statements involve risks and uncertainties including, but not limited to, economical and political factors, developments of the Chinese Internet market, and changes in regulatory matters. Xin Net disclaims any obligation to update any such factors or to publicly announce results of any revision to the forward-looking statements contained herein to reflect future events or developments. ON BEHALF OF THE BOARD OF DIRECTORS (Signed) Marc Hung, President CONTACT: Xin Net Corp. Marc Hung or Ernest Cheung, 604/632-XNET [9638] Fax, 604/689-7654 TICKERS: OTC BB: XNET