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<DIV><FONT face=Arial size=2>There is something a bit odd about this
announcement. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>1. Any such leap in armament technology would
probably be kept very secret. Just this kind of announcement will have the
world's top spies trying to get the details.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>2. The amount of heat generated by the alleged gun
would quickly melt any known metal. How is the weapon cooled?
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>3. Assuming that each cartridge weighs about 3
ounces, one minute of firing would require (240,000 x 16/3) =1,280,000
pounds (640 tons) of cartridges.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>4. There is a very elaborate military
testing facility outside of Washington, DC.; however the name of
this place is NOT Blossom Point.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Since this weapon uses advance electronics, maybe
its a virtual gun.</FONT></DIV>
<DIV>Lionel Issen<BR><A
href="mailto:lissen@xxxxxxxxx";>lissen@xxxxxxxxx</A></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Tony Smallwood
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, July 25, 2000 12:41
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Metal Storm</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Verdana>Here is an OZ company coming your way soon. The
Australian Stock Exchange queried the rapid rise in share price and the
following is their response. Because it is not a run of the mill share I
thought the list may find it an interesting read. I currently hold no shares
in this outfit, but that may change.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Verdana>METAL STORM
LIMITED<BR>-------------------<BR><BR>HOMEX -
Brisbane<BR>-------------------------<BR>Response to ASX Query re: Share
Price<BR><BR>METAL STORM DEMONSTRATES REVOLUTIONARY WEAPONS
SYSTEM.<BR><BR>International ballistics technology company, Metal Storm
Limited,<BR>today announced it had successfully completed its first major
test<BR>firing demonstration in the US, of its revolutionary, 100%
electronic<BR>weapons systems.<BR><BR>Senior personnel from the Pentagon and
US Armed Forces viewed the<BR>secured firing demonstrations at the Blossom
Point range outside<BR>Washington DC on July 19 and 20. Metal Storm's
technology, which has<BR>no known equivalent world-wide, and which some
leading defence<BR>figures have described as the most significant breakthrough
in<BR>ballistics over the past 100 years, is being closely evaluated by
the<BR>US Defense Department as a "new age" addition to its armory.<BR><BR>In
March 2000 the Defense Advanced Research Projects Agency (DARPA) -<BR>the body
responsible for milestone defence projects including the<BR>Stealth Fighter,
M16 Assault Rifle and the JSTARS radar - contracted<BR>a consortium containing
Metal Storm to develop a prototype advanced<BR>sniper rifle based on the
technology. Mr Mike O'Dwyer, CEO of Metal<BR>Storm, said that the test firings
provided US defence representatives<BR>with their first viewing of Metal
Storm's prototype weapons systems<BR>including:<BR><BR>* a six barrel 9mm
system with an electronically variable burst<BR>firing rate as high as 240,000
rounds per minute. This system is a<BR>smaller version of a 36 barrel
prototype which has earlier fired a<BR>burst of 180 rounds at a rate exceeding
one million rounds per<BR>minute.<BR><BR>* A 40mm test bed which fires stacked
grenades at rates as high as<BR>20,000 rpm per barrel, which is being
developed as an area-denial<BR>system to replace anti-personnel land mines as
well as a range of<BR>other strategic military and civil
applications.<BR><BR>* A totally electronic specialist police and military
personalised<BR>handgun which is being developed to also incorporate
a<BR>less-than-lethal function. There is increased safety with
these<BR>weapons because their all electronic features will allow
only<BR>authorized users with the correct micro chip to use
them.<BR><BR>According to Mr O'Dwyer, several potential applications were
already<BR>generating significant interest within US defence circles,
including<BR>an anti-personnel landmine replacement, a close-in weapon system
for<BR>ship self-defence and fire fighting applications for civilian
and<BR>military use. He said the US Government's stated objective to
phase<BR>out anti-personnel landmines provided an important
commercial<BR>opportunity for Metal Storm's technology.<BR><BR>"Based on the
latest round of 40mm development and testing in<BR>Australia, we are closer to
making a Metal Storm Area Denial Weapon<BR>System a military reality," he
said.<BR><BR>The technology will be formally introduced in the US at a
press<BR>conference at the National Press Club in Washington DC on Thursday
27<BR>July. The company also announced it had recently signed an
agreement<BR>with the Bank of New York to enable trade of Metal Storm
American<BR>Depositary Receipts (ADRs) in the US in the near
future.<BR><BR>FURTHER
INFORMATION
RELEASED THROUGH:<BR><BR>Mr Peter
Wetzig
John Bayly<BR>Metal Storm
Limited
Bayly Willey Holt<BR>Phone: (07) 3221
9733
Phone: (07) 3368 2355<BR><BR>A full copy of this announcement, including
Commercialisation Update<BR>and Huntley's Smaller Companies Guide as at
19/07/2000, is available<BR>for purchase from ASX Customer Service on 1 300
300 279. Charges<BR>apply.<BR><BR>MO<BR> <BR></FONT></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
LPetersen
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> 25 July, 2000 2:11 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: TYCO</DIV>
<DIV><BR></DIV>Tony <BR>Thanks for the heads up. <BR>I know at least one
reader who made money on your tip. :^) <BR>LPetersen <BR>
<BR>
<P>Tony Smallwood wrote:
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<FONT face=Verdana>Greetings from OZ</FONT> <FONT face=Verdana>Thanks
to those on the list kind enough to respond to my request for info on
TYCO. I not only ended up with some good TA but also some very useful
sites to help out in the future.</FONT><FONT face=Verdana>Once you know
where to go, the info available on US stocks is
outstanding.</FONT> <FONT face=Verdana>Cheers from</FONT> <BR><FONT
face=Verdana>Tony Smallwood</FONT> <BR><FONT
face=Verdana>Brisbane</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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