Exhibit 99.1

      Cautionary Statement - Additional Important Factors to be Considered

         Several   of  the   matters   discussed   in  this   document   contain
forward-looking  statements  that  involve  risks  and  uncertainties.   Factors
associated with the  forward-looking  statements that could cause actual results
to differ from those projected or forecast are included in the factors below. In
addition to other information contained in this report, readers should carefully
consider the following cautionary statements and risks factors.

         We May Not Be Able to Continue as a Going Concern.  Our limited capital
resources  have  caused  our  independent  accountants  to issue a  report  that
indicates that substantial doubt exists as to our ability to continue as a going
concern.  We  anticipate  that if we  cannot  obtain  additional  financing  and
generate  revenues,  we will likely exhaust our capital  resources by the end of
the first quarter of fiscal 1999.

         We  Need to  Raise  Additional  Funds.  We  have  not had any  material
proceeds from any of our  products,  and have  expended  significant  amounts of
funds in an attempt to market our  existing  products,  develop new products and
explore additional  business  opportunities.  Accordingly,  we have an immediate
need to raise  additional  funds  through  debt or equity  financing or by other
means. We cannot be certain that additional financing will be available or that,
if available, it can be obtained on terms that we deem favorable.  Our inability
to secure  these  funds will have a  material  adverse  effect on our  business.
Additionally,  our  stockholders  may be  diluted if we raise  additional  funds
through the sale of our stock.

         We Have a Very Limited  Operating  History.  Although we have developed
Beta  versions  of our  existing  products,  we have  not  had  any  significant
distribution  of, and have  experienced  many set backs with  respect to,  these
products.  Accordingly,  we have a  limited  operating  history  upon  which  to
evaluate our future prospects.  Additionally, during the fiscal years ended June
30,  1997  and  1998,  we  incurred  net  losses  of  $902,997  and  $1,339,720,
respectively.  At June 30,  1997 and  1998,  we had an  accumulated  deficit  of
$1,953,330  and  $3,293,050.  We believe we will need  additional  research  and
development  and  personnel  expenses to establish  our  competitive  and market
position  and build an  organizational  infrastructure  to  support  our  growth
strategy. Accordingly, we expect to incur further losses in the future. You must
consider  our  prospects  in  light  of the  risks,  expenses  and  difficulties
frequently  encountered  by  companies  in their  early  stage  of  development,
particularly  companies  in new and rapidly  evolving  markets such as financial
software.  These risks include, but are not limited to, the inability to respond
promptly to changes in a rapidly evolving and unpredictable business environment
and the inability to manage growth. To address these risks, we must, among other
things:

         o       expand our customer base;

         o       enter into distribution and revenue generating arrangements;

         o       successfully implement our business and marketing strategies;

         o       continue to develop new products to meet the increasing needs
                 of potential customers;

         o       respond to competitive developments; and

         o       attract and retain qualified personnel.

         Our Revenues Are Primarily  Based on a Limited  Number of Products.  We
expect to derive a  significant  portion of our  revenues  in fiscal 1999 and in
future years from a limited  number of products and  services.  At this time, we
expect to derive most of this revenue from  subscriptions  to our Wire  products
and services and a limited number of other related  products and services.  As a
result, the reduction, delay or cancellation of subscriptions for these products
and services  could have a material  adverse  effect on our business,  financial
condition  and results of operation.  To date, we have had limited  success with
respect to  obtaining  subscriptions  for these  products and we cannot give any
assurance  that our  success  rate  will  improve.  As a  result,  our  revenues
generated  from  Financial  Wire have not been  sufficient  to fund our  ongoing
business plan.

         Our Products  May Contain  Defects or Other Errors and May Be Returned.
The software products we offer may contain undetected errors or failures when we
first  introduce  them or as we release new  versions.  Failure to detect errors
until after we commence  the  commercial  shipment of a product  could result in
loss of or delay in market acceptance of the product.  These errors and failures
could also result in claims against us that could have a material adverse impact
on our business,  results of operations and financial  conditions.  These errors
and failures may also result in returns of such products

         We May Experience  Delays in the  Introduction  and Distribution of Our
Products. Due to the numerous obstacles and uncertainties involved in developing
and distributing  software to the market,  however, we cannot be certain that we
will be able to meet our planned  release  dates for our products or develop our
anticipated new products on schedule.  If we are unable to meet these goals, our
revenue and earnings would likely be materially and adversely affected. To date,
we have  experienced  significant  delays in our development and introduction of
certain new products, and in the distribution of existing products. It is likely
in the future that delays will  continue to occur and that  certain new products
will not be released in accordance with our internal development schedule or the
expectations of public market analysts and investors.

         Our  Marketing  Capabilities  Are  Limited  and We Depend on  Strategic
Relationships.  Our  strategy  to  commercialize  our  products  calls  for  the
allocation of substantial resources to the expansion and training of a marketing
staff and direct sales force.  To date, we have  conducted  only limited  sales,
marketing and distribution  activities.  Also, we have had little success in our
efforts  to  attract  and retain the  qualified  marketing  and sales  personnel
necessary to sustain growth in revenues derived from sales of our products. Even
if we are able to  maintain  an  appropriate  sales  force,  we cannot  give any
assurance  that the  expansion and training of that sales force will prove to be
economically  feasible.  We also expect to market and sell our products  through
licensing or other  distribution  arrangements with third parties.  However,  we
will not have significant  control over the level of resources and attention the
third parties will devote to our products. Accordingly, any revenues received by
us will be dependent in large part, on the efforts of third parties,  and we can
give no assurance that their efforts will be successful.

         We Are Heavily  Dependent on the Internet.  Our Financial Wire products
and  services,  and our  related  marketing  strategy,  have  been  designed  to
capitalize on the growing acceptance and use of the Internet.  Accordingly,  our
achievement  of our growth and  profitability  objectives  will be  dependent in
large  part  upon the  capacity,  reliability,  integrity  and  security  of the
Internet,  and the service providers and  telecommunications  vendors associated
with the Internet. In addition, our strategy for our Financial Wire products and
services  requires  that  we  devote  substantial  financial,   operational  and
managerial   resources  to  the  expansion   and   adaptation  of  our  Internet
infrastructure.  The Internet and our Internet  infrastructure  is vulnerable to
computer viruses and  interruptions in service  resulting from the accidental or
intentional  actions of Internet  users.  In an effort to protect  our  Internet
infrastructure,   we  have  installed   sophisticated  firewall  and  anti-virus
programming and have arranged for standby  auxiliary power.  However,  if we are
unable to expand or adapt our Internet  infrastructure to meet changing consumer
demands or if interruptions of service or other disruptive  events affecting the
Internet cannot be minimized, our business,  results of operations and financial
condition could be materially and adversely affected.

         We Are  Dependent  on Our  Proprietary  Technology  and  Are at Risk of
Infringement Claims. Our ability to compete effectively depends to a significant
extent on our ability to protect our proprietary information.  We rely primarily
on copyright  and trade secret laws,  confidentiality  procedures  and licensing
arrangements  to  protect  our  intellectual  property  rights.  We  enter  into
confidentiality  agreements  with our consultants and employees and limit access
to distribution of our technology,  software and other proprietary  information.
Although  we intend to defend  our  intellectual  property,  we cannot  give any
assurance that the steps we take will be adequate to prevent misappropriation of
our  technology  or  that  our  competitors  will  not   independently   develop
technologies that are substantially equivalent or superior to our technology.

         We are  also  subject  to  the  risk  of  alleged  infringement  of the
intellectual  property rights of others.  Although we are not currently aware of
any pending or  threatened  infringement  claims with  respect to our current or
future products, we cannot give any assurance that third parties will not assert
such claims. Any claims could require that we enter into license arrangements or
could result in protracted  and costly  litigation,  regardless of the merits of
these claims.  We cannot give any assurance that any necessary  licenses will be
available or that if  available  such  licenses can be obtained on  commercially
reasonable  terms.  Furthermore,  litigation  may be  necessary  to enforce  our
intellectual  property  rights,  to protect our trade secrets,  to determine the
validity  and scope of the  proprietary  rights  of others or to defend  against
claims of  infringement.  Any litigation  could result in substantial  costs and
diversion of resources and could have material  adverse  affect on our business,
financial condition and results of operation.

         We May Experience Risks Associated with Acquisitions and Other Business
Combinations.  We may acquire,  products,  technologies  or  companies  that are
complimentary  to  our  business  or  that  add  new  lines  of  business.  Such
acquisitions involve numerous risks, including but not limited to:

        o       adverse short-term effects on the combined business' reported
                operating results;

        o       diversion of management's attention;

        o       dependence on retention, hiring and training of key personnel;

        o       amortization and/or impairment of goodwill and other intangible
                assets; and

        o       risks associated with unanticipated problems or legal
                liabilities.

         Additionally,  we are in the  process  of  reassessing  our  ability to
function as a stand-alone  company.  Because of our continuing  lack of revenues
and  lack  of  funding   necessary  to  implement  our  business  plan,  we  are
contemplating the possibility of merging or entering into a business combination
with another  software  company in a business  complimentary  to ours that would
potentially resolve these problems.  This kind of business  combination may only
be possible through drastic corporate  measures in order to induce the potential
acquiror  to  combine  with us. In  addition  to the risks  discussed  above,  a
business  combination  of this  sort  could  also  subject  us to the  following
additional risks:

         o        change in management, whose direction may differ from our
                  current direction;

         o        significant delays resulting from management change and the
                  adoption of a new business plan to accommodate the acquiror's
                  business; and

         o        change of effective control, resulting from the issuance of
                  new securities to the acquiror, which may lead to substantial
                  dilution of existing stockholders.

         Our  Industry  Is  Subject  to  Rapid  Technological  Developments  and
Changing Product Platforms. The financial software market and the PC industry is
subject to rapid  technological  developments  and frequent  changes in computer
operating environments. To compete successfully, we must continually improve and
enhance our  existing  products  and  technologies  and develop new products and
technologies  that  incorporate  technological  advances.  We  must  make  these
improvements while remaining  competitive in terms of performance and price. Our
success  also will  depend  substantially  upon our  ability to  anticipate  the
emergence  of,  and  adapt our  products  to,  popular  platforms  for  consumer
software.

         We intend to design  future  products  for use with new  platforms.  To
coordinate  the release of our products with the release of a new  platform,  we
will need to make  substantial  investments in research and development at least
one to two years in advance of the  commercial  release of such new platforms in
the market.  We cannot be certain that we will have the  financial and technical
resources available to make these substantial expenditures.  Additionally, a new
platform for which we develop products may not achieve market  acceptance.  As a
result, we may incur substantial research and development expenses in developing
products  that do not sell well in the  market.  Our failure to  anticipate  the
emergence of widely accepted  product  platforms and to timely develop  products
for use on these new  platforms  would  have a  material  adverse  effect on our
business and financial condition.

         We Experience Intense  Competition.  The software industry is intensely
competitive  and rapidly  evolving.  We expect our  revenues to be derived  from
competitive  procurement  processes  managed by  sophisticated  purchasers  that
extensively  investigate and compare the software applications offered by us and
our competitors.  We believe that the principal  competitive factors influencing
the market for our products include:

         o        vendor and product reputation;

         o        product architecture;

         o        functionality, features and ease of use;

         o        rapidity of implementation;

         o        product performance and price.

         We  cannot  give  any  assurance  that  we  will  be  able  to  compete
successfully with respect to any of these factors.

         Additionally,  we  compete  directly  with a large  number of  software
vendors. We also face competition from internal  management  information systems
departments,  many of which have developed or may develop systems similar to our
products.  Many of our  current and  potential  competitors  have  significantly
greater  financial,  managerial,  development,  technical,  marketing  and sales
resources  than us. As a result,  they may be able to devote those  resources to
develop and  introduce  products or systems more rapidly and with  significantly
greater  functionality than and superior overall performance to those offered by
us. These  competitors  may also be able to initiate and  withstand  significant
price decreases more effectively than we can. In addition, current and potential
competitors have established or may establish  cooperative  relationships  among
themselves  or with third parties to increase  their  ability to offer  products
that address the needs of our current and potential  customers.  New competitors
or new alliances among  competitors may emerge and quickly acquire market share.
Competition  may therefore  result in significant  price  reductions,  decreased
gross revenues, loss of market share and reduced acceptance of our products. Our
failure to  effectively  compete  could have a  material  adverse  impact on our
business, results of operations and financial condition.

         We  Expect  Quarterly   Fluctuations  in  Our  Operating  Results.  Our
quarterly  results of  operations  will vary in the  future.  Any  shortfall  in
revenues  recognized in any period could have a material  adverse  effect on our
business, results of operations and financial condition for that period. Because
approximately 60% to 75% of our total expenses are relatively fixed,  variations
in  the  timing  of  product  sales  and  installations  can  cause  significant
variations  in  operating  results  from  quarter to quarter and may magnify the
adverse  effect of any  shortfalls  in revenues  on our  results of  operations.
Quarterly  fluctuations  in operating  results and variations  from  projections
could have a significant impact on the market price of our Common Stock.

         Our Stock Price May Become Volatile.  Our Common Stock is traded on the
OTC Bulletin  Board.  The market price of our Common Stock may become subject to
substantial volatility, due to many factors, including:

        o       variations in quarterly operating results;

        o       the gain or loss of significant contracts;

        o       changes in management;

        o       announcements of technological innovations or new products by
                us or our competitors;

        o       legislative or regulatory changes;

        o       general trends in the industry; and

        o       recommendations by securities industry analysts.

         Additionally,  the  stock  market  has  experienced  extreme  price and
trading volume fluctuations that have affected the market price of securities of
many technology  companies.  Although these  fluctuations  have, at times,  been
unrelated to the operating performances of the specific companies whose stock is
affected,  the  fluctuations  can  adversely  influence the stock price of these
companies.

         An Active  Trading  Market Does Not Exist in Our Common  Stock.  In the
past, our Common Stock has not experienced  significant  trading volume, has not
been   actively   followed  by  stock  market   analysts  and  has  had  limited
market-making support from broker-dealers.  Additionally, we have been unable to
meet the minimum  requirements  for the inclusion of our Common Stock on a stock
exchange  or on the Nasdaq  system.  As a result,  we have  experienced  limited
release of the market  prices of our Common Stock and limited  news  coverage of
our business. In turn, our Common Stock has had limited investor interest, which
may  materially  adversely  affect the trading  market and prices for our Common
Stock and our ability to issue  additional  securities  or to secure  additional
financing.  If  market-making  support and analyst coverage does not increase to
greater levels,  the average trading volume in our Common Stock may not increase
or even  sustain  its  current  levels.  We cannot be certain  that an  adequate
trading market will exist to sell large positions in our Common Stock.

         Our  Common  Stock May Be Subject to "Penny  Stock"  Rules.  Low priced
stocks  are  subject  to  additional  risks  of  federal  and  state  regulatory
requirements  and the potential  loss of effective  trading  markets.  Our stock
price has fallen below US$ 1.00. As a result,  our Common Stock could be subject
to Rule 15g-9 under the Securities Exchange Act of 1934, as amended, which among
other  things,  requires that  broker/dealers  satisfy  special  sales  practice
requirements including making individualized written suitability  determinations
and receiving a purchaser's written consent prior to any transaction.  Also, our
Common Stock could be deemed penny stocks under the Securities  Enforcement  and
Penny Stock Reform Act of 1990,  which would  require  additional  disclosure in
connection with trades in our securities, including the delivery of a disclosure
schedule  explaining  the  nature  and risks of the  penny  stock  market.  Such
requirements  could  severely  limit the  liquidity  of our  securities  and the
ability of our stockholders to sell securities in the secondary market.