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  [IMAGE] June 6, 2001 [IMAGE]   [IMAGE] Volume IV, Issue 50 [IMAGE]     Email : info@otcjournal.com   URL : http://www.otcjournal.com    To OTC Journal Members:   Last week's Trading Alert on Petapeer Holdings (OTC BB: PETP) was a failure. We hoped the unique news of the company's intention to file a patent on its revenue generating technology would restore the stock to its previous high. Instead, the enhanced volume brought out sellers, and the stock dropped. This demonstrates the importance of selling quickly when these stocks we feature in Trading Alerts go against us. You should have sold the stock at $1.06 if you followed our advice, and gotten out with a small but manageable loss. It's always preferable to be out wishing you were in, rather than in wishing you were out.   In this edition we have a follow up on XML technology in the news, and coverage on Energy Power's earnings announcement which was issued yesterday.      [IMAGE] XML Global (OTC BB: XMLG) in Investor's Business Daily and Worth Magazine's Informative Article   Late last year we were contacted by an associate in the computer industry who told us we needed to find a microcap stock with leading edge technology in XML programming language. At the time we had no idea what XML was, but we learned, loved it, and found a pure play in the microcap arena to cover.   Information on the XML revolution is starting to appear in the main stream financial media. Last Thursday's edition of the Investor's Business Daily contained an article which referenced our choice, XML Global Technologies (OTC BB: XMLG). Many thanks to the members who emailed us concerning our typo in the weekend edition. We mistakenly printed the article was in the May 12th edition. It was actually in the May 24th edition.   It's of no consequence as we have the article available for you in its entirety. Investors Business Daily gave the company permission to post the article in PDF Format on its corporate web site. Simply click here  to go directly to it, or go XML Global's investor relations section at their web site- Click Here  for that section.    In addition to the Investor's Business Daily article, June's edition of Worth Magazine has a feature article entitled The XML Revolution. This article has an understandable explanation of XML- what it is, how it works, and how it will be used. This is a must read for anyone interested in the future of computer programming. Click Here  to read the article, or go to the following URL: http://www.worth.com/content_articles/0601_xml_revolution.html    XML Global Technologies has spent the last two years developing tools for programmers working on code for the XML revolution. We expect media attention to continue to grow in this arena, and hopefully we have identified an outstanding pure play for our members. Please read the articles and let us know if you agree. We are getting more excited as coverage of this new technology continues to accelerate.     [IMAGE] Energy Power Systems LTD (OTC BB: EYPSF) Announces 3rd Quarter Results   We believe there will be a bull market for North American energy related companies for the next two to five years. In the microcap arena, Energy Power Systems LTD is our contribution.   The company's market cap (only $18 million) leaves plenty of room for upside, and we are anticipating substantial growth in future quarters. New business will start to come out in the June and September quarters, and their M&M Subsidiary is embarking on $5.5 million in new projects right now.   On Tuesday nine month financial performance was announced by the company. Revenues were only up 9%, but the earnings turnaround was impressive. The company turned a small EBITDA profit of $100,000, but this compares to a $1.3 million loss in year 2000. This is very positive news as stocks generally trade on investor perception of the future, and this company is definitely headed in the right direction.   Here is the complete text of the press release for your review:     Tuesday June 5, 5:14 pm Eastern Time  Press Release   Energy Power Systems Limited - Announcement  TORONTO--(BUSINESS WIRE)--June 5, 2001--Energy Power Systems Limited (``EPS'' or the ``Company'') (NASD Bulletin Board: EYPSF) (CDNX: YPS - news; www.epsx.com) announces that it has issued unaudited consolidated financial statements for the nine month period ended March 31, 2001. These statements reflect the following activities of EPS and its subsidiaries:    consolidated revenues of $15.2 million for the nine months ended March 31, 2001 ($13.9 million -2000); consolidated gross profits of $1.5 million for the nine months ended March 31, 2001 ($2.3 - 2000); consolidated EBITDA of $0.1 million for the nine months ended March 31, 2001 ($1.3 million negative EBITDA -2000); consolidated loss from continuing operations of $0.5 million for the nine months ended March 31, 2001 ($2.0 million - 2000); and consolidated basic and fully diluted loss per share from continuing operations of $0.13 ($.63 per share - 2000).   EPS's consolidated revenues of $15.2 million for the nine month period ending March 31, 2001 increased by 9% from the $13.9 million reported during the same period the previous year. Increased activity from the Company's Engineering and Offshore Division and new sources of revenue from the Company's Oil and Gas Division that began operations February 1, 2001 contributed to this revenue growth.    Consolidated EBITDA of $100,000 for the nine-month period ending March 31, 2001 was positive versus consolidated EBITDA of $(1.3) million reported for the previous nine-month period. The consolidated EBITDA increase was largely due to the benefits of a corporate restructuring initiated at the end of fiscal 2000 as well as the additional cash flow from the introduction of the oil and gas division. ``It was our corporate objective at the end of last year to turn the Company cash flow positive this fiscal year,'' stated Scott Hargreaves CFO, ``to achieve this we eliminated two non-core subsidiaries and created the Oil & Gas Division. We are most pleased with the positive improvement in cash flow as EBITDA increased $1.4 for the nine month period ending March 31, 2001.''    The Engineering and Offshore Division is currently working on recently announced contracts of $5.5 million of work to carry itself over the fourth quarter and beyond. Construction of the 'floating production, storage and offloading' platform for the White Rose Oil Field expected to get the go ahead late this summer could feed further growth for the Engineering and Offshore Division in the fiscal year beginning July 1, 2001. In addition the Oil and Gas Division is adding positive cash flow to help fund corporate operations and future exploration and acquisition strategies. At present the Company is planning its summer exploration, drilling and development program to increase production and oil & gas reserves.    EPS is an Independent Power Project Developer, an Oil and Gas exploration company and a Contractor of infrastructure projects.    EPS issued and outstanding common shares: 5,663,419    Certain of the statements contained in this news release are forward-looking statements. While these statements reflect the Corporation's current beliefs, they are subject to uncertainties and risks that could cause actual results to differ materially. These factors include, but are not limited to, the demand for the Corporation's products and services, economic and competitive conditions, access to borrowed or equity capital on favourable terms, and other risks detailed in the Corporation's Form 20-F and Annual Report.    The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.       --------------------------------------------------------------------------------  Contact:         Energy Power Systems Limited       Sandra J. Hall, 416/861-1484       The OTC Journal is a proud partner of the SwingWire.com Online Investment Community . A next generation Online Analyst Exchange providing Members the ability to search, review, track and monitor some of the Internet's best Online CAs (CyberAnalysts). Members have the opportunity to potentially achieve higher returns by viewing top performing portfolios and receiving real-time alerts from favorite CAs.    SwingWire.com  also has a lucrative incentive model for experienced investors and traders who consistently outperform the market. Share market ideas with other like-minded investors, establish a proven track record, provide insightful commentary, attract followers and ultimately become one of the Internet's highest paid and most sought after CyberAnalysts!    Click here to receive your FREE 30-Day Trial Membership with no further obligation. Sign Up Today!        Disclaimer   The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features.  Likewise, this newsletter is owned by MarketByte, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.   Click Here  to view our compensation on every company we have ever covered, or visit the following web address:  http://www.otcjournal.com/disclaimer.html  for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html  for Trading Alerts. MarketByte LLC has been paid the following fee by XML Global for a year of representation: $100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restricted stock, and 60,000 options exercisable at $2. The 60,000 shares of free trading stock have been contributed by a third party on behalf of the company. MarketByte LLC has been paid a fee of 125,000 shares of free trading stock of Energy Power Systems Limited for representing the company for one year. The fee has been paid by Fieldston Traders LTD acting on behalf of the company. Please review our policy on selling shares found within our Mission Statement at our home page.   All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.   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