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To: Patrick Smith who wrote (3472)6/2/1999 6:24:00 AM
From: Pendretti  Read Replies (1) | Respond to of 4080
 
FYI, this is the reply of Niphix on two questions I asked (about charts and number of companies they expect to be listed on Niphix. What I think of it? I think you will have lots of risk trading these companies, the transactions will be matched only. I have my doubts about the succes of this, but who knows. I think lots of people will concentrate to the small caps listed on the official boards.

So, here is the reply:

Dear Rene,

Thank you for your interest in NIPHIX. NIPHIX Investments is a
full-service
brokerage firm that operates a proprietary trading system for the
benefit of
small businesses and investors.

Opening an account at NIPHIX is free! The minimum deposit in your
account
needs to amount to $ 1000. Trading fees range from $24 to $44 for
securities
listed on NIPHIX. Please refer to niphix.com
. To
open an account go to niphix.com. Once we have
received the customer agreement and trading participant agreement we
will
issue you a user id and password to access the trading system.

The trading price of your stock will be determined solely by the
matching
orders placed by other shareholders. Information on your company's
latest
stock price, news, financial reports, and stock performance are
available
once you enter the system. At this time, we do not provide charts
however,
we do plan to do so as we revise and improve our trading system.

We expect many companies to be listed at NIPHIX as we focus on small
companies only! We expect many of the companies that will be de-listed
from
the OTC-BB will choose NIPHIX as their new alternative. We require all
companies to furnish quarterly and annual reports, annual reports need
to
be audited.

If you wish to trade securities on other exchanges for example, the
NYSE or
NASDAQ you may open a brokerage account. For more information and
commission
fees on the brokerage services we offer please email Kevin Barbier at
kevin@niphix.com

Please visit our web site at www.niphix.com for more information. If
you
have further questions please feel free to email me. Once again thank
you
for your interest.

Sincerely,
Sherman Fernandes
Trading Systems Consultant
NIPHIX