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1st Quarter 1999 OTCBB Update

OTC Bulletin Board Update - 1st Quarter 1999

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Table of Contents:

OTC Bulletin Board Eligibility Rule Approved
On January 4, 1999, the SEC approved the Eligibility Rule. Effective immediately, new securities quoted on the OTCBB are required to report their financial information to the SEC, banking, or insurance regulators. Non-reporting companies whose securities were quoted on the OTCBB as of January 4th will be granted a grace period to comply with the new requirements.

Enhancements to the OTCBB Web Site
On February 22, a redesigned and enhanced OTCBB Web site was launched. New functionality includes Market Statistics, on-line historical research reports, Monthly Share Volume Reports, and e-mail notification of new postings.

OTCBB Eligibility Rule Q&A
Frequently asked questions regarding the new OTCBB Eligibility Rule.

Phase-In Implementation Schedule
Securities quoted on the OTCBB as of January 4, 1999 will be phased into compliance with the new Eligibility Rule based upon the following schedule.

OTC Bulletin Board - Top 100 Issues January 1999

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