ENERGY EQUITIES, INC.

            David Snow, a well-known energy securities analyst with four decades' experience in Wall Street, is offering a thoroughly researched, carefully documented, performance-oriented energy stock research product.  It is aimed at maximizing both the short- and long-term portfolio benefits of a secular recovery now underway in the energy industry.  A good track record has been achieved, with triple-digit returns over time being the primary goal.

            The service recommends a new energy stock idea, or group of ideas, or re-recommends a previous idea, approximately monthly; may do so either more or less frequently depending on the flow of high-quality ideas; and occasionally provides an update of a previous idea if the stock provides a compelling second buying opportunity or circumstances warrant.  Brief updates are occasionally also given should profit-taking be recommended or should significant new information develop, but the focus is on new ideas.  The reports are short and concise, typically several pages.  Telephone, E-mail, and FAXing services are provided.

            Ideas are taken from all areas of the energy field, including oil exploration producers (E.&P.), independent refiners, energy service stocks, large integrateds, coal, gas, gas pipelines, and alternate energy, including uranium, nuclear power, rare earth elements and auto electrification. Gold and resources stocks are also covered. Recent emphasis has been on E.& P., gold and rare earth element stocks.  To qualify, stocks should at least offer the potential to double or triple over a period of 1-3 years, and to appreciate at least 50% over 6-12 months, although clearly not all stocks will do so.

            Macro-energy research and energy stock valuation studies are also presented on occasion as warranted.  Macro-energy research is also often incorporated in individual stock research reports as needed.  A central premise of this service, which will be monitored and documented periodically, is that a 5-10 year uptrend in energy demand and prices is now in the process of unfolding, and has been since the late 1980's, spawning a series of substantial investment opportunities upon which the service is focusing.

            Energy Equities is also occasionally involved in investment banking services for the energy industry itself, in the form of private or syndicated offerings or arranging financing for specific energy projects.  This "real world" contact provides a direct view and feel of the energy markets usually not available to the pure financial world of securities analysis, and is an intangible factor available to the stock market clients of Energy Equities.