S.A. Advisory E-Mail Update

May 02, 1999

Subject: Special e-mail alert --SELL RECOMMENDATION-http://www.saadvisory.com- May 2. 99

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                         ***********ANOTHER BUYOUT***************
1. We recommended YPF Sociadad (YPF), Argentina's largest oil comapny on 3/08/95 @ $17.00/sh.
   During this time period we received $3.20 in dividends.  On Friday April 30th 99 Repsol,
   a large Spanish energy firm  made a bid for the company.  The company's shot up $8.00 to
   $44.00.  We have decided to place a SELL RECOMMMENDATION on the situation at this time.
   If we assume the dividends in our calculation then our overall gain equals a 218% gain for
   about a 4 year hold.(note: This positin can be seen within the April-May 97 newsletter and
   reviewed in the GLOBAL PORTFOLIO.)

2. DURING THIS WEEK WE WILL RELEASING A FEW "NEW" BUY RECOMMENDATIONS!  STAY TUNED!

    A.  PHONE SERVICE SUBSCRIBERS WILL BE INFORMED FIRST VIA PERSONAL CONVERSATION 
             YEARLY FEE --EITHER $1100 OR $550 -FOR INFORMATION CALL 801-272-4761

    B.  E-MAIL SUBSCRIBERS THAT PAY $125/YEAR---CALL FOR INFORMATION  801-272-4761
           THIS GROUP WILL GET E-MAILED AFTER THE PHONE SERVICE!

    C.  FREE E-MAILER'S ARE NEXT IN-LINE--THIS IS A FREE SERVICE!

WE ARE AIMING FOR MAY 5TH 99********************************************************************
      
                                        OTHER STUFF

1.  ARTM--The company just released third quarter number and they are great!  For  the nine
months rev  came in around $12 million, while earnings equalled .16.  The stock moved up to
the .66 to .70 level-- We should see more upside!  If management continues to stay on target
then we should see at least .22 to .23 for the year ending June 30th and rev of $16 million.
We have not seen the 10q yet, but so can't really comment on it !   The payment of $600k plus
for 1 million shares of DNTK on the surface seems odd!  In our opinion DNTK is "money pit" and
would not consider owning it!!  ARTM on-the-other-hand seems to be a "money machine" and appears
to be extremely cheap at current levels!  Let us hope that management know what they are doing!
ARTM was recommended @ .375 on 1/19/99-------------broker--Mike Chesler 18008901629

2.  TLTG--Like a ROCKETSHIP!!  News just keeps getting better and the  stock keeps going
    higher!  We first recommended TLTG on 2/17/99 @ $1.40--currently $5.375--resulting in
    a 283% short-term gain! The company has contracts totalling $12 for VoIp todate, made
    a few acquisitions, great Internet Portal site with "FREE" real time quotes( we have been
     using the real time quotes all day), has begun to file with the SEC, declared a dividend,
    offers stock trading via the site via a selected brokerage firm  and most likely will file
    for NASDAQ listing ( depends on the price--new reg--I think - the new level is a $5.00 stock
    price).  We also believe that as this situation goes high or even lower; than it will become
    more volatile. Ofcourse traders will take profits and may allow other investors the opp to 
    get in at more reasonable prices.  It appears that most investors are not selling  at
    current levels when one considers the price just a few months ago! Interest is growing daily
    in this issue--market condition may begin to influence the trading of this issue as well.
    We really are impressed with this management team and ofcourse are enjoying the ride.  We
    also believe that this issue may correct, but can't or won't bet on it!

3.  We first recommended GGNC ( Internet Casino) @.30 on Sept 23, 98  -We then placed a  1/3 SELL
    recommendation on Nov 30th  @ $3.625 for a 1108% GAIN..  Currently GGNC is trading @ $2.00-
    We are placing  a SELL  on 50% of what remains for a 566% GAIN!  We don't like the stock
    action, they promised that they would file with the SEC-this has never happened, outstanding
    shares keeps rising, they never report earning -only gaming rev, which is useless and compet-
    ition keeps growing!

4.                                         WHY OWN THIS STOCK?  
   What am I missing?

    MicroCap Financial Services.com,Inc. (OTCBB: MFSI) has changed its name to
    GlobalNet Financial.com,Inc (GLBN)

      Current price  $4.31 and atleast 52.5 shares outstanding--market-cap  $226,275,000.00
      Does not file with SEC!
      According to Yahoo profile for the year ending Dec 98 rev was $1.3 million and losses
      equalled $3 million 
      Book value?
      
What is this?  We would avoid----If you would like  a real company that has a ticker symbol
that also starts with G - then look at GBX on the NYSE----Now this is a fundamentally cheap 
stock that has SALES of $550 million , with great earnings,cash,book value and only trades
at $9.00-----We RATE THIS WITH A STRONG BUY AND WILL MONITOR GBX FOR % GAIN PERFORMANCE.
WE WILL EXPAND ON THIS SITUATION AT A LATER DATE! INVOLVED WITH BOXCARS ( not the one's
at the Crap table)

Investors need to have a reality check before it is to late!

Final Note: With the first quarter GDP coming in at 4.5%  and the long bond reaching 5.68%-
the market is going to run into trouble!  i believe that a correction is coming soon in the
Dow, NASDAQ 100, S & P 500 and those high priced "eyeball stock"!!

New low priced recommendation coming May 5,99

Happy Investing   William Velmer

We have not been paid by any listed investment within this message.  We may hold positions
in all stock mentioned and may Buy,Sell and or Hold at our own discretion.

We do not hold any Glbn-never did and never will!
Our new recommendation GBX we hold 2 thousand shares @$9.00