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<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>
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<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></BODY></HTML>
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