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To: afrayem onigwecher who wrote (11806)6/30/2003 12:30:32 PM
From: StockDung
   of 19413
 
PICKPOCKETS' PRIDE By CHRISTOPHER BYRON

June 30, 2003 -- I read a terrific little book the other day. If you can get beyond its sappy title - "Hug Your Customer: The Proven Way to Personalize Sales and Achieve Astounding Results," by Jack Mitchell - the wisdom in this book is both obvious and undeniable: To be a success in business, just treat your customers with attentiveness and respect, and you will have them as customers for life.
That's a lesson the executives of the National Association of Securities Dealers apparently have yet to learn. Last week, the arm of the group that runs the Nasdaq electronic stock market announced that Nasdaq is abandoning its two-year-long effort to reform the fraud-drenched over-the-counter penny stock market functioning in its midst.

That was bad enough. But in trying to put a happy-face gloss on the proceedings, the organization issued a press release that must have insulted the intelligence of every investor who read it.

Instead of 'fessing up to the truth of the matter - that it is giving up the OTC Bulletin Board reform effort as a cost-saving measure - the release claimed that scrapping the cleanup is one of several steps Nasdaq is taking to enhance the quality of its services, and thereby to strengthen the exchange's position as "the best market in the world for investors." I mean, honestly, guys, was that necessary?

This flailing effort at spin control belies the real agenda of Wall Street as a whole, and of Nasdaq in particular: to say or do whatever it takes, no matter how preposterous or misguided, to separate retail customers from their money. It also underscores why public confidence in the markets is at an all-time low.

Wall Street is one of the few places on earth where the people who guard the bank are also the ones best positioned to rob it. So, every time a cleanup drive falters, or a corporate fat-cat pays a civil fine and goes back to work "without admitting or denying guilt," the perception is reinforced that the stock market is a rigged game in which the rich and the clever get to steal from the stupid and the poor.

Now comes Nasdaq's absurd assertion that the best way to serve the interests of investors is, in effect, to tell the pick-pockets of Wall Street that it's once again going to be business as usual on the OTC Bulletin Board.



The Bulletin Board is just the latest incarnation of what Nasdaq itself once was: the original "over the counter" market for stocks so speculative, shaky and volatile that the New York Stock Exchange would not even permit them to be listed for trading by its member firms.

THOUGH Nasdaq has struggled mightily to escape its past, the Securities and Exchange Commission has never let it off the hook, and in 1990 the SEC issued a regulation requiring Nasdaq to provide real-time market quotes for stocks so cheesy and fraud-soaked that Nasdaq wouldn't list them on its own exchange.

This became the OTC Bulletin Board - home to stocks of bankrupted and ruined companies, with bogus products and fraudulent financial statements.

In 1999, the SEC approved what amounted to a half-hearted effort to clean up the mess, by ordering that the OTC Bulletin Board cease providing quotes for any companies that had not begun filing timely financial reports to the SEC.

But this in fact accomplished nothing, since the heart of the problem - market manipulation by unscrupulous Nasdaq traders - remained completely unaddressed.

By 2000, the man who headed the National Association of Securities Dealers at the time, Frank Zarb, had gotten the bright idea that Nasdaq could cash in on the IPO boom by itself going public.

But the SEC stipulated, as a condition of doing so, that the OTC Bulletin Board be reformed into an actual exchange, with minimum listing standards and regulatory oversight to reduce volatility and to weed out the swindlers.

Thereafter, the IPO and tech bubbles popped, and Nasdaq has been knocked on its keester. So Nasdaq's new man, Robert Greifeld, has pulled the plug on the IPO idea, as well as Nasdaq's plans to turn the OTC Bulletin Board into an exchange.

What a travesty.

HERE are a few of the stocks that have made news on the OTC Bulletin Board in recent days. They are typical of what has been going on there for years now, and Nasdaq's decision to abandon reform of the market means the future promises more of the same.

* TheGlobe.com Inc.: The granddaddy of all IPO bubble stocks. This dot-com trash stock soared 1,000 percent, to $97, in its very first trade as a public company five years ago, only to collapse back to 10 cents and insolvency and be ejected onto the OTC Bulletin Board in the tech-wreck that followed.

Though TGLO's revenues continue to shrink and its losses, which cumulatively top $218 million, continue to soar, the stock rocketed from 10 cents to $2.50 per share in this spring's stock market rally. In the last two weeks the price has predictably collapsed, plunging nearly 50 percent in value as pump-and-dump speculators have cashed in and fled the shares.

* EChapman Inc.: This Baltimore-based money management firm was dumped last summer from Nasdaq onto the OTC Bulletin Board, where it continued to trade. Last week, federal prosecutors charged the company's founder and controlling shareholder, Nathan Chapman, with 39 counts of securities fraud for using $5 million of Maryland state pension fund money to prop up his company's stock price on the market, and for gifts and financial support to various women.

Since going public in the spring of 2000, EChapman shares have plunged from $9 to two cents.

* Wizbang Technologies Inc.: This hilariously named company, based in Victoria, B.C., claims to hold a license "to distribute various high-tech products that are used to record information transferred from distant sources like aircraft and satellites." The company has no employees, less than $10,000 in balance sheet cash, and less than $83,000 in annual income.

But the stock is traded on the OTC Bulletin Board, where it tripled in price, to 15 cents per share, two weeks ago, giving the company a market value of $1.5 million on a business that, for all practical purposes, appears not to exist.

* Shep Technologies Inc.: This Vancouver, B.C. penny stock claims to have a technology that powers cars by capturing the energy released by slowing them down.

The "go-by-stopping" company, incorporated in the Isle of Man, has $4,000 in cash and one employee. Yet between June 10 and 24, the company's stock soared from 75 cents to $3, giving Shep Technologies a momentary market value of more than $60 million. At that point, an avalanche of stock was dumped onto the market, causing the price to fall by nearly 50 percent from Wednesday to Friday of last week.

* Even Nasdaq itself trades on the OTC Bulletin Board. The group issued shares in itself in private placements to NASD members and others beginning in 2000, and those shares have been quoted on the OTC Bulletin Board ever since.

After falling almost without letup last year, from $16.50 in July 2002 to barely $5 this last April, the shares have inched back up to $8. And last week they were up again, to $8.25 per share, as news began to spread that the exchange isn't about to do anything so silly as to waste its money on draining the swamp where its very own shares have begun to recover.

Bottom line for the folks who run Nasdaq? Maybe it's a bit much to ask anyone on Wall Street to "hug his customer." But if they can't follow the advice of Jack Mitchell, whose Connecticut clothing store is the go-to haberdashery for half the CEOs on the Fortune 500, then maybe they can at least refrain from issuing baloney-packed press releases that insult the intelligence of anyone who reads them.

If you can't hug your customer, at least don't spit in his face.

* Please send e-mail to: cbyron@nypost.com

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To: afrayem onigwecher who wrote (11806)7/1/2003 3:17:28 AM
From: StockDung
   of 19413
 
PolyMedica warns may revise 2002, 2003 results


LOS ANGELES, June 30 (Reuters) - Medical products maker PolyMedica Corp. (PLMD.O) said on Monday it may need to expense past costs for consumer advertising, a change that would result in lower profits for fiscal 2002 and 2003 as well as first quarter 2004.

The Woburn, Massachusetts-based company, known for its Liberty brand of diabetes testing supplies, said it is still discussing the issue with the U.S. Securities and Exchange Commission, which has questioned PolyMedica's policies for capitalization and amortization of advertising costs related to the acquisition of new customers.

The company's shares, which fell 72 cents to close at $45.79 on Nasdaq, traded as low as $35.00 after hours on Instinet.

If the company were to make the revisions, income per share before cumulative effect of change in accounting principle for fiscal years 2003 and 2002 would be $2.61 and $1.76, respectively, compared with the previously reported $3.21 and $2.38.

In addition, under historical expensing of advertising costs, PolyMedica said earnings per share guidance for its fiscal 2004 first quarter ending June 30, would be 66 cents to 72 cents, compared with previous guidance of 84 cents to 90 cents.

A spokeswoman for PolyMedica said the company routinely discloses in SEC filings and on conference calls its method for amortizing advertising expenditures as well as how its results would be affected if the costs were expensed at the time they were incurred.

The company said it is continuing to cooperate with an ongoing U.S. Department of Justice investigation into alleged health care fraud within the Medicare plan for the elderly, but there has been no resolution of the probe.

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To: afrayem onigwecher who wrote (11806)7/1/2003 3:17:28 AM
From: StockDung
   of 19413
 
PolyMedica warns may revise 2002, 2003 results


LOS ANGELES, June 30 (Reuters) - Medical products maker PolyMedica Corp. (PLMD.O) said on Monday it may need to expense past costs for consumer advertising, a change that would result in lower profits for fiscal 2002 and 2003 as well as first quarter 2004.

The Woburn, Massachusetts-based company, known for its Liberty brand of diabetes testing supplies, said it is still discussing the issue with the U.S. Securities and Exchange Commission, which has questioned PolyMedica's policies for capitalization and amortization of advertising costs related to the acquisition of new customers.

The company's shares, which fell 72 cents to close at $45.79 on Nasdaq, traded as low as $35.00 after hours on Instinet.

If the company were to make the revisions, income per share before cumulative effect of change in accounting principle for fiscal years 2003 and 2002 would be $2.61 and $1.76, respectively, compared with the previously reported $3.21 and $2.38.

In addition, under historical expensing of advertising costs, PolyMedica said earnings per share guidance for its fiscal 2004 first quarter ending June 30, would be 66 cents to 72 cents, compared with previous guidance of 84 cents to 90 cents.

A spokeswoman for PolyMedica said the company routinely discloses in SEC filings and on conference calls its method for amortizing advertising expenditures as well as how its results would be affected if the costs were expensed at the time they were incurred.

The company said it is continuing to cooperate with an ongoing U.S. Department of Justice investigation into alleged health care fraud within the Medicare plan for the elderly, but there has been no resolution of the probe.

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To: StockDung who wrote (11810)7/1/2003 10:04:44 AM
From: SiouxPal
   of 19413
 
Sometimes it just takes sooooooo long eh?

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To: afrayem onigwecher who wrote (11806)7/2/2003 4:45:43 PM
From: StockDung
   of 19413
 
Companies Fail to Heed SEC’s Deadline For Insider Trading Disclosure


AccountingWEB US - July 02, 2003 - Dozens of small- and mid-cap companies have failed to comply with a Securities and Exchange Commission (SEC) deadline for them to file insider trading information on their websites, according to a survey by investor relations consultants Blunn & Company Inc.
The survey of 300 small- and mid-cap companies found that 11% had failed to meet the SEC’s June 30, 2003 deadline. All of the companies surveyed are included in the Standard & Poor’s Small-Cap and Mid-Cap indexes.

"Our surveys have shown time and again that public companies are not managing their corporate websites effectively, and in many cases their sites are in a state of neglect. That so many companies should fail to meet such a widely publicized requirement is really quite shocking," said Dominic Jones, head of Blunn & Company’s online investor relations research and consulting practice.

Under the SEC requirements mandated by the Sarbanes-Oxley Act companies must post details of transactions by insiders on their corporate websites or link to individual filings or a list of them on a third-party site like the SEC’s EDGAR database. However, a Blunn & Company survey on July 1, 2003 found that 22 out of 200 small-cap and 11 out of 100 mid-cap companies had not met the requirement.

An earlier survey by Blunn & Company of corporate governance disclosure on corporate websites found similar poor practices by small- and mid-cap US companies. That survey, released in April 2003, found that only 8% of these companies in the study had separate corporate governance sections on their sites, 6% posted codes of conduct and 8% published corporate governance guidelines online. By comparison, 44% of US large-caps in the same survey had corporate governance sections on their websites.

To assist companies, Blunn & Company has created a set of best practices for companies wishing to provide insider transaction information on their websites in formats that will make it easier for investors to obtain and use the information. The guidelines are available free online on the firm’s professional development site.

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To: afrayem onigwecher who wrote (11806)7/2/2003 6:39:59 PM
From: Sir Auric Goldfinger
   of 19413
 
Today's Humor: go to Google & punch in: "weapons of mass destruction" Then hit "I am feeling lucky" button (I know u are) Read results, LOL

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To: Sir Auric Goldfinger who wrote (11814)7/2/2003 9:05:47 PM
From: who cares?
   of 19413
 
Oh for the good ol days when news like this was soon followed by a halt, now all we get is 7 cents down.


DJ IN THE MONEY: SHEP Tech's Questionable Alliance Claims


By Carol S. Remond
A Dow Jones Newswires Column

NEW YORK (Dow Jones)--You'd think we're talking about sliced bread.
SHEP Technologies Inc. (STLOF), a small Vancouver, British Columbia,
company created less than a year ago via a merger with an Isle of Man
corporation, says it has developed an experimental technology that
harnesses lost energy generated when a driver steps on the brakes.
That energy can then be used to offset the power needed when the
vehicle accelerates again.
How much of a "killer app' are we talking about? A recent newsletter
- subsidized by SHEP - puts it this way: The technology "could be one
of the great investment discoveries of our times - with SHEP on the
edge of a potential billion dollar royalty."
The newsletter, The Intrepid Investor, is a monthly, subscription
publication whose self-described mission it to go "everywhere in
search of sound, relatively low-risk investments." The recent edition
cited above goes on to inform readers that SHEP has forged a business
relationship with Ford Motor Co. (F) and major auto-parts supplier
Easton Corp. (ETN). "Ford reached agreement with SHEP in 1999, and
brought in the Eaton Corp.," the newsletter said. "Ford is expected to
begin with medium-sized SHEP trucks in the 2005 model year."
Except these business relations don't appear to exist, or at least
not in the way described by the newsletter. And there are questions
about the possible relationship between that newsletter and companies
and people affiliated with publishing company Agora Inc. - a company
facing civil charges for disseminating false information.
"Ford doesn't have and has not had a formal relationship with SHEP
to acquire SHEP's hydraulic launch assist technology," Mike Vaughn, a
Ford spokesman said.
"Ford has no plans to manufacture any vehicle using SHEP
components," Vaughn added.
Gary Klasen, a spokesman for Eaton, said that there is "no active
relationship, and there are no agreements, between Eaton and SHEP."
Early prototype models of an Eaton's own brake-assist product used
some SHEP components, Klasen acknowledged, but the new generation of
the product, first installed in vehicles last December, doesn't
include any SHEP components or technology.
Malcolm P. Burke, SHEP's president and chief executive, didn't
return multiple phone calls.
A SHEP investors-relations official referred all questions about
Ford and Eaton to Burke.
SHEP shares, which had been trading below a dollar in late May,
skyrocketed to a high of $2.85 a share last week on heavy volume. The
stock closed Tuesday at $1.41.
According to a disclaimer on The Intrepid Investor, the SHEP content
"appears as paid advertising, subsidized by SHEP and a 3rd party group
to provide public awareness of SHEP." The disclaimer also says "SHEP's
management have approved and signed off as 'approved for public
dissemination' all statements made herein regarding SHEP's history,
technology and current as well as prospective business operations."
Brian Sodi, named in corporate filings as manager of Capital
Financial Media LLC, The Intrepid Investor's publisher, said in an
email Wednesday that each and every page of advertising material was
approved for public dissemination by SHEP's president.

Behind 'The Intrepid' Masthead

The Intrepid Investor disclaimer also indicates that Capital
Financial Media managed a total production budget of $898,500 for this
"current and past print advertising efforts and retained, over and
above the cost of production, any amounts that remain as compensation
as a fee for production services.
"An additional $102,500 is expected to be received over a period of
approximatively two months from the current mail date for additional
production costs," the disclaimer adds.
In addition to these moneys, Capital Financial Media also "has
received 15,000 shares of SHEP and is expected to receive up to 20,000
additional shares of SHEP." Capital Financial Media may also receive
options to purchase SHEP shares for its services, according to the
disclaimer.
How much of these costs SHEP covered isn't spelled out in the
disclaimer, and SHEP or Capital Financial Media aren't saying. But
SHEP's balance sheet would suggest it doesn't have a lot of money to
spend on promotions, and its auditor, Davidson & Company, has attached
a going-concern statement to its latest annual report.
Filings with the Securities and Exchange Commission show that SHEP
raised about $1.6 million late last year and earlier this year selling
shares in private placements. But SHEP shows just $69,000 in cash and
cash equivalent as of the end of March, though that amount is up from
$4,253 at the end of December.
(SHEP also helped finance at least one other marketing effort, an
electronic promotion published in MarketByte LLC's OTC Journal at a
cost of $75,000, according to a disclaimer on that publication. In
that case MarketByte also received 100,000 free trading shares of SHEP
as payment by an unnamed third party.)
There are also questions about whether Capital Financial has any
relation to Baltimore publishing company, Agora, which the SEC, in a
suit filed in U.S. District Court in Maryland in April, accused of
scheming to defraud investors by disseminating false information.
Agora last week filed a motion to dismiss the SEC suit.
In a telephone voicemail message last week, Capital Financial's Sodi
said that neither Agora, nor its president, William Bonner, owned or
own any part of Capital Financial Media.
But Luke Hodgens, a man described by Sodi in his message as one of
his employees, told Dow Jones Newswires in a phone interview that
there is a "slight affiliation" between Capital Financial Media and
Agora. "One of the owners of Agora has a small interest in" Capital
Financial Media, Hodgens said.
Agora's general counsel, Matthew Turner, didn't return any of Dow
Jones Newswires' phone calls.
But a variety of state documents indicate a relationship between
Capital Financial Media and Agora.
Stay with us here.
Florida corporate documents show that in January, Capital Financial
Media LLC of Florida merged with Capital Financial Media LLC of
Maryland.
Maryland and Florida corporate documents, in turn, show that the
principal office of Capital Financial Media of Maryland is 14 West
Mount Vernon Place in Baltimore - which is also the main address of
Agora. And Maryland corporate documents show Agora's president,
William Bonner, as resident agent for Capital Financial Media of
Maryland.
Also, one of Agora's units, Agora Investment Conferences, is located
on the same property as Capital Financial Media, in Delray Beach, Fla.

And property records in turn show that the Florida property is owned
by Formano Properties of Delray Beach Inc., whose president, according
to corporate records, is Mark Ford.
Finally, Florida corporate records name Mark Ford as a director of
Agora Travel Inc., and these same records list William Bonner, Agora's
president, as a director of Agora Travel. The address for both Bonner
and Ford in the Agora Travel corporate documents is that of Agora in
Baltimore.
Perhaps all coincidence. But investors should do a lot more legwork
on SHEP before deciding it's The Next Big Thing. And they may want to
seek out sources of information besides The Intrepid Investor.

(Carol S. Remond is one of four In The Money columnists who take a
sophisticated look at the value of companies and their securities and
explore unique trading strategies.)

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To: who cares? who wrote (11815)7/2/2003 10:39:05 PM
From: Sir Auric Goldfinger
   of 19413
 
SHEP? Wasn't he in the 3 Stooges? Another rotating flywheel deal!? Sheet, they oughta take over one of them rotating flywheel deals that went public at the height of dot communism for server farm power backup. Stupid fish never learn....

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To: afrayem onigwecher who wrote (11806)7/2/2003 11:03:57 PM
From: StockDung
   of 19413
 
eUniverse Delays Filing of Fiscal Year 2003 Annual Report on Form 10-K


LOS ANGELES, July 1 /PRNewswire-FirstCall/ -- eUniverse, Inc. (Nasdaq:EUNI) (the "Company") announced today that it has filed a Form 12b-25 with the Securities and Exchange Commission with respect to its annual report on Form 10-K for fiscal year 2003. As announced on May 6, 2003, the Company intends to restate its previously reported quarterly financial results for fiscal year 2003. The Company's preparation of its restated quarterly financial statements and its full fiscal year 2003 financial statements is ongoing, as is the review and audit of the Company's financial statements by its independent auditors. The Company intends to make its annual and restated filings as soon as practicable, but cannot state with certainty when such filings will occur. The Company's goal, however, is to be in a position to release information concerning its financial results for the 2003 quarterly and fiscal year periods in the near future, irrespective of the status of its Form 10-K.

About eUniverse

eUniverse, Inc. ( www.euniverse.com ) is an entertainment network that provides value-added content, goods and services to consumers worldwide. The company's many popular destination Web sites attract millions of visitors, who purchase entertainment, lifestyle and health-related content and products from eUniverse. The company's network includes Flowgo ( www.flowgo.com ), one of the largest entertainment Web sites according to Nielsen/NetRatings; comedy site MadBlast ( www.madblast.com ); dating site Cupid Junction ( www.cupidjunction.com ); and one of the largest e-mail newsletter networks, delivering content to many millions of subscribers with such titles as Infobeat, IntelligentX and GossipFlash.

Safe Harbor Statement

Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," "anticipates" or "forecasts" or the negative thereof. Such statements are subject to certain risks, uncertainties and assumptions about our business. No assurances can be given that the future results or events covered by such forward-looking statements will be achieved, and we assume no obligation to update any such forward-looking statements. The factors which could cause actual results or events to differ materially from those suggested by any such statements include, but are not limited to, the possibility that the Company's internal review of its historical financial statements, or the investigation by the Audit Committee of the Company's Board of Directors of the matters surrounding the Company's previously disclosed restatement and accounting issues, uncovers additional issues or results in a determination to further restate our financial statements. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.

For further information, please contact Brett Brewer of eUniverse, Inc., +1-310-215-1001.

SOURCE eUniverse, Inc.

CO: eUniverse, Inc.

ST: California

SU:

Web site: euniverse.com

prnewswire.com

07/01/2003 17:02 EDT

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To: afrayem onigwecher who wrote (11790)7/2/2003 11:07:29 PM
From: StockDung
   of 19413
 
If Euniverse had bought funphone instead of funone I bet they would not have the troubles that they have today.

eUniverse to Acquire FunOne.com.
Author/s:
Issue: Oct 13, 1999

eUniverse Has Signed a Definitive Agreement to Acquire FunOne.com,

Adding Unique Entertainment Property to the eUniverse Network

WALLINGFORD, Conn., Oct. 13 /PRNewswire/ -- eUniverse, Inc. (OTC Bulletin Board: EUNI), an entertainment community and ecommerce network with more than 2.5 million unique users, today announced that a binding letter of intent has been signed to acquire FunOne.com (http://www.funone.com). Founded in 1998, FunOne is an entertainment and community hub, with over 250,000 unique visitors per month (as reported by Media Metrix).

"The acquisition of FunOne further demonstrates the rapid growth of eUniverse," said Brad Greenspan, Chairman of eUniverse, Inc. "I am pleased to report that this marks our fifth acquisition since becoming publicly traded in April of this year. Through each new property we add we expand the eUniverse reach and add greater value to the network as a whole. As we continue to grow, we are establishing eUniverse as the premier entertainment destination for 'Generation Web'."

FunOne, "the Official Home of Fun," provides online greetings, cartoons, joke lists and gags. Subscribers can receive weekly jokes and send fun electronic greetings to their friends. Upon the closing of the acquisition, which is expected within 30 days, FunOne founder and CEO Don Burgess will continue to maintain operations for the company.

"By becoming part of the eUniverse network of sites, FunOne is opening wonderfully exciting new doors for its members," said Don Burgess, FunOne CEO. "There is a perfect synergy between the eUniverse network of commerce and entertainment sites, and the FunOne service. I, personally, am very happy to have the opportunity to join this dynamic company and provide FunOne visitors with even more venues for enjoyment."

Through acquisitions and strategic deals with other vendors, eUniverse's Internet traffic has increased significantly from 800,000 unique visitors in April 1999 to over 2,500,000 in September 1999.

About eUniverse, Inc. (http://www.euniverse.com)

eUniverse, Inc. is a network of entertainment-focused commerce, community, and editorial Web sites. Its online commerce properties include: CDUniverse (http://www.cduniverse.com), VideoUniverse (http://www.videouniverse.com), and the recently launched GamesUniverse (http://www.gamesuniverse.com). Its leading community and content sites include a combination of popular interactive entertainment editorial and event sites that include Case's Ladder (http://www.casesladder.com), Gamer's Alliance (http://www.gagames.com) and BigNetwork (http://www.bignetwork.com). eUniverse recently launched LivePlace, an advanced community-building product which features instant messaging, chat, and co-browsing technology. eUniverse is headquartered in Wallingford, CT and maintains an office in San Francisco, CA.

Safe Harbor Statement

Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates:" or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.

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