XML Global in Investor's Business Daily- Envoy Earnings ,
 If you are reading this message in plaintext or if you have an AOL address =
you must click on this link: http://listserv.otcjournal.com/otcjournal/2001=
0602-1.html  and wait for a web page to automatically open up to properly r=
ead this newsletter.=20
[IMAGE]=09=09[IMAGE]=09


[IMAGE]=09


  [IMAGE] June 2, 2001 [IMAGE]   [IMAGE] Volume IV, Issue 49 [IMAGE]     Em=
ail : info@otcjournal.com   URL : http://www.otcjournal.com    To OTC Journ=
al Members:     [IMAGE] Market Comment [IMAGE]  We are in a very listless m=
arket right now. The NASDAQ has given back the 300 point gain it enjoyed fr=
om the last 1/2 point surprise rate cut from the FED. Every time the NASDAQ=
 looks at 2000, it runs back up like a hooked fish when it first sees the f=
isherman's boat. Many technicians believe the NASDAQ needs to trade into th=
e 1900 to 1950 range before it can move on to higher ground.   Microcaps ar=
e drifting down on light volume, reaching low risk entry points which will =
seem cheap when the next volume surge takes them back up. We are entering E=
arnings Pre-Warning season, a new 21st century phenomenon created by our li=
tigious society.   Many fund managers are waiting to pounce on beaten down =
technology stocks as they sell off when earnings warnings are issued. Every=
one's buying cheap now, positioning for what might be one of the most proli=
fic 4th quarters of all time in stocks.   Now would be a great time to revi=
ew the trading strategies for accumulating on dips we shared with you in ou=
r May 12th edition . Click Here , and read the first section.   Two of our =
featured companies have been in the news this week, and here's an update fo=
r you on both:      [IMAGE] XML Global Technologies (OTC BB: XMLG) Featured=
 in Investor's Business Daily   Thusday, May 12th's edition of the venerabl=
e Investor's Business Daily carried an article in the Internet & Technology=
 Section, authored by Sarah Z. Sleeper entitled "U.N Group OKs 'Language' T=
hat Could Spur E-Business".   The article mentions that the U.N.'s group OA=
SIS (Organization for the Advancement of Structured Information Standards) =
has announced the specific International standards for programming with ebX=
ML.   Long term readers know one of our featured companies, XML Global Tech=
nologies has been developing programming tools for this new and revolutiona=
ry programming language which is expected to become the new International S=
tandard by which all computer systems communicate with each other.   XML Gl=
obal is mentioned in the article along with Sun Microsystems, IBM, and Orac=
le. Here are several excerpts:   "With little fanfare, the e-conomy receive=
d what might prove to have been a pretty good jolt."  (first paragraph) "It=
's backed (ebXML) by a bevy of tech heavy-hitters. They include Sun Microsy=
stems, Inc., IBM Corp. and Oracle Corp." (5th paragraph) "The biggest win i=
s going to be for the average consumer, said David Weber, as vice president=
 at Vancouver B.C.- based software firm XML Global Technologies, Inc. EbXML=
 will reduce costs for companies." (11th paragraph)  The article goes on to=
 describe recent international demonstrations of the product where XML Glob=
al participated along with Bea Systems, Commerce One, and Sun Microsystems.=
   Clearly XML Global Technologies has placed itself directly in the path o=
n an oncoming tidal wave of new programming opportunities, and is the David=
 in a team of Goliaths headed towards the adoption of ebXML.    Rarely are =
microcap stocks prominently mentioned in the company of such huge success s=
tories. XML Global has a tiger by the tail.   The stock has drifted back on=
 light volume to the $.90 range. You should have a look at it down here.   =
We are trying to get permission to reprint the entire article for the benef=
it of our members. We may have it in PDF Format by the middle of next week.=
 Stand by for more information.     [IMAGE] Envoy Communications, Inc (NASD=
AQ: ECGI) Announces March Quarterly Earnings [IMAGE]  This past Tuesday aft=
er the market closed Envoy announced its 21st Consecutive Quarter of Year-O=
ver-Year Growth in Revenue and EBITDA. This company is putting on a remarka=
ble corporate performance in a hostile business climate.   Here are the qua=
rter to quarter comparisons: (all figures are in Canadian Dollars)       Ma=
rch Quarter 2000 March Quarter 2001 Percentage Increase Revenues $12,938,52=
7 $20,430,030 57% EBIDTA Earnings $2,135,919 $3,074,254 44% Earnings Before=
 Non-Cash Expenses $857,286 $1,282,121 49% EPS Fully Diluted .03 .03 0%    =
Investors should note that the company's sales were up 57% over the same qu=
arter the previous year to $20,430,030. Real, after tax cash earnings incre=
ased 49% to $1,282,121. EPS stays the same due primarily to non-cash expens=
es. The accounting standards for these non-cash expenses are changing this =
summer to accurately reflect the company's financial performance.   The edi=
tors of the OTC Journal continue to believe this stock is worth $5 per shar=
e US. Yet, it continues to languish in the high $2 range due to complete la=
ck of sponsorship from Wall Street. The OTC Journal is the only substantive=
 forum for investment ideas that follows this company.   Now that the marke=
t is turning, management recognizes it is time to go to Wall Street and pre=
sent itself to the institutional community if it ever hopes to create a sig=
nificant result on behalf of long suffering shareholders.   Patience should=
 pay off for investors. Wall Street will eventually discover this company b=
ecause Wall Street loves profits again. This is a low risk growth stock to =
accumulate on dips. Their history of profitability mitigates many of the ri=
sk factors associated with micro cap investing, and investors will eventual=
ly come along that want this stock.    The OTC Journal is a proud partner o=
f the SwingWire.com Online Investment Community . A next generation Online =
Analyst Exchange providing Members the ability to search, review, track and=
 monitor some of the Internet's best Online CAs (CyberAnalysts). Members ha=
ve the opportunity to potentially achieve higher returns by viewing top per=
forming portfolios and receiving real-time alerts from favorite CAs.    Swi=
ngWire.com  also has a lucrative incentive model for experienced investors =
and traders who consistently outperform the market. Share market ideas with=
 other like-minded investors, establish a proven track record, provide insi=
ghtful commentary, attract followers and ultimately become one of the Inter=
net's highest paid and most sought after CyberAnalysts!    Click here to re=
ceive your FREE 30-Day Trial Membership with no further obligation. Sign Up=
 Today!        Disclaimer   The OTCjournal.com Newsletter is an independent=
 electronic publication committed to providing our readers with factual inf=
ormation on selected  publicly traded companies. All companies are chosen o=
n the basis of certain financial analysis and other pertinent criteria with=
 a view toward  maximizing the upside potential for investors while minimiz=
ing the downside risk, whenever possible.  Moreover, as detailed below, thi=
s publication accepts compensation from certain of the companies which it f=
eatures.  Likewise, this newsletter is owned by MarketByte, LLC.  To the de=
grees enumerated herein,  this newsletter should not be regarded as an inde=
pendent publication.   Click Here  to view our compensation on every compan=
y we have ever covered, or visit the following web address:  http://www.otc=
journal.com/disclaimer.html  for our full profiles and http://www.otcjourna=
l.com/trading-alerts/disclaimer.html  for Trading Alerts. MarketByte LLC ha=
s been paid the following fee by XML Global for a year of representation: $=
100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restric=
ted stock, and 60,000 options exercisable at $2. The 60,000 shares of free =
trading stock have been contributed by a third party on behalf of the compa=
ny. Please review our policy on selling shares found within our Mission Sta=
tement at our home page.   All statements and expressions are the sole  opi=
nions of the editors and are subject to change without notice. A profile, d=
escription, or other mention of a company in the newsletter is neither an o=
ffer nor solicitation to buy or sell any securities  mentioned. While we be=
lieve all sources of information to be factual and reliable, in no way do w=
e represent or guarantee the accuracy thereof, nor the statements made here=
in.   The editor, members of the editor's family, and/or entities with  whi=
ch they are affiliated, are forbidden by company policy to own, buy, sell o=
r otherwise trade stock for their own benefit in the companies who appear i=
n the publication.   The profiles, critiques, and other editorial content o=
f the OTCjournal.com may contain forward-looking statements relating to the=
 expected capabilities of the companies mentioned herein.   THE READER SHOU=
LD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY=
 SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES =
A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED B=
Y THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODU=
CED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF OT=
Cjournal.com.   We encourage our readers to invest carefully and read the i=
nvestor information available at the web sites of  the Securities and Excha=
nge Commission ("SEC") at http://www.sec.gov and/or the National Associatio=
n of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly =
recommend that you read the SEC advisory to investors concerning Internet S=
tock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm =
. Readers can review all public filings by companies at the SEC's EDGAR pag=
e. The NASD has published information on how to invest carefully at its web=
 site.     Unsubscribe Here     You can unsubscribe from this list at any t=
ime by Clicking Here  and HITTING SEND. If you are having difficulty removi=
ng yourself or wish to change your address please go to http://listserv.otc=
journal.com/opt.cgi?email=3Dalewis@ect.enron.com .   =09


[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09=09
[IMAGE]=09[IMAGE]=09

 =20
  ---
You are currently subscribed to otcjournal as: alewis@ect.enron.com
To unsubscribe send a blank email to leave-otcjournal-1163964L@lyris.otcjou=
rnal.com
alewis@ect.enron.com