S.A. Advisory E-Mail Update

May 13, 1999

Subject: New BUY Recommendation on CBRB--http://www.saadvisory.com  -May 13,99

Dear E-mailer's:     http://www.saadvisory.com

NEW BUY RECOMMENDATION FOR MAY 13, 99
---------------CBR BREWING--OTC-BB  CBRB--price .41

If you would like to delete our service don't contact us!!  Go to 
http://www.saadvisory.com/update instead of adding "click" the arrow for delete
and do the deed!

We have not been paid  for our recommendation concerning CBRB!!
We also own a position in CBRB @ current prices and may BUY,SELL or HOLD at anytime!

                                           
CBR BREWING  ---symmbol  cbrb--fully reporting with SEC!

The company is engaged in the business of brewing, distributing and marketing Pabst Blue Ribbon
beer in China!  China is currently ranked as the second largerst beer producer and consumer in
the world behing the US.

The company is fully reporting with the SEC.
Corporate #   310-274-5172

Year ending DEC 98

rev   $138 million US
earnings-  .32/share US--fully diluted  8010013
Book vaue--$24.3 million or around $3.00 US
cash-$10 million or over $1.00/share US
long term debt--under $1 million

Management and funds own 7,000,000 shares--leaves the float at around 1,000,000


FIRST QUARTER 99

rev $33.7 million US
earnings-.11/sh  US fully diluted-8 million shares
cash--$12.7 million US around $1.50
book value--$25,285,131  or  $3.16 US

Stock range:   98      .75-$8.00

The second and third quarter are the strongest --SUMMER MONTHS!!!
The first quarter is winter and they still did .11

Rev and earnings should equal or surpass 98 numbers!

This opportunity is a screaming BUY for patient investors and value players!  China is
out of favor, CBRB is unknown and underfollowed and fundamentally  the cheapest stock in
the world!! ( maybe)

Currently trading at 25% of cash!
Currently trading at 77% below book!
Currently trading at a trailing 12-months PE of around 1.5X
Currently trading at a Trailing PSR of .023

According to the latest filing:  The Beer industry in China is seasnal!  The company's sales
are usually at their lowest in the months of October and Nov and highest in the months of 
March through September.
The company owned effective interests of 60%, 24%, and 33% in three brewing facilities currently
producing Pabst Blue Ribbon beer in China, all of which are managed by the company.
The sublicense with Blue Ribbon up for renewal NOV 7 2003!

We intend to monitor CBRB in our portfolio for % gain performance --WE RATE CBRB WITH A 
STRONG BUY RATING!

CHINA IS SOMEWHAT RISKY-JUST LIKE ANY OTHER NON-DOMESTIC COMPANY.
IN OUR OPINION THE REAL RISK IS NOT OWNING CBRB EITHER FOR A PLAY OR LONG TERM!

EVEN AT 10X TRAILING THE STOCK SHOULD TRADE AT $3.00 NOT .41
ONE TIMES BOOK THE STOCK WOULD BE $3.00 NOT .41
TWO TIMES CASH THE STOCK WOULD BE $3.00 NOT .41

REVIEW THE LATEST FILINGS BEFORE INVESTING,  THAT IS 10K AND 10Q's


Super fast phone service investors were called MAY 13 99 current price .41
Paying E-mailer's  informed via e-mail --price .41

phone service/year   $550 or $1100   call for information     801-272-4761
$125.00/year preferred e-mail       call for information      801-272-4761

Happy Investing!!   William Velmer