Austin, Texas 6/5/2007 9:42:38 PM
News / Business

Speak with other shareholders about: (OTC: SGCP), (OTC: BFTH), (OTC: ESMT), and (NASDAQ: VERT) .

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SIERRA GOLD CORPORATION (OTC: SGCP) "Up 9.52% on Friday and up 4.26% on Monday and up as high as 25% in last 3 market days. There are only two asks standing between current price and $.135 which we believe SGCP could reach tomorrow"

Sierra Gold Corporation (OTC: SGCP) is engaged in the exploration and development of gold and diamond properties in West Africa. Sierra Gold Corporation owns the mining rights of Northern Star Resources Ltd, a Sierra Leone incorporated gold and diamond mining company. The rights include a secured 40 sq/km prime mining concession located on the North Pampana River which is one of Sierra Leone's richest known alluvial gold mining rivers.

Sierra Gold recently announced that gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. The company needs to do more extensive testing to determine the potential value of the diamonds.

Sierra Gold also recently announced a hard rock formation was uncovered as a result of the ongoing bulk sampling program on the Pampana North property in which the initial observation indicates the presence of gold. In an April 2006 report, geologist Hendrik Velduyzen stated that there was a 400 meter long gold bearing quartz vein system. Velduyzen observed certain geological indicators that could support the existence of a gold vein deposit. This vein is parallel to the Yirisen gold vein deposit reported in the literature from historical work done. The Yirisen gold vein system located in the Sula mountains is the largest known gold deposit in Sierra Leone.

Sierra Gold's geological team will return to the Pampana North property at the end of January to investigate and further explore the hard rock formation. The team will plan a program to more clearly define and develop the property, which will include a drill program in conjunction with trenching.

The value of the gold reserves is estimated at $588,404,000 and with 79,031,973 shares outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction. The value of the gold reserves does not include any diamond potential.

SGCP News:

June 4 - Sierra Gold Corporation Potential Gold Values Exceed US $600 Million

Sierra Gold Corporation (Pink Sheets:SGCP)(Frankfurt:JYB) commissioned geologist Alieu Madhi to do a report on the potential gold reserves of the Pampana North property. The report estimates the gold reserves to be just over 936,000 ounces. At US$659.10 /ounce (May 31 second London fix price), the value of gold reserves is US$616,917,600.

Madhi's report is based on extensive bulk sampling work completed by the National Diamond Mining Corporation (NDMC), a Sierra Leone government-operated mining company. He combined figures from U.S. mining engineer Mike Manke's report with work done by NDMC to calculate the gold reserves.

Mr. Madhi (BSc,MSc) holds degrees in Geology and Engineering Geology from England. He worked as Chief Geologist for NDMC on several of their projects. For over 30 years, he has consulted for numerous government and international mining companies.

The company will continue its comprehensive bulk-sampling to corroborate Madhi's and Manke's reports. The estimated gold values do not include the gold hard rock potential for the property nor the potential for precious metals and diamonds, which the company is presently investigating.

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BALLY TOTAL FITNESS (OTC: BFTH) "Up 100% on Monday"

Bally Total Fitness (OTC: BFTH), is among the largest commercial operators of fitness centers in the U.S., with over 400 facilities located in 29 states, Mexico, Canada, Korea, China and the Caribbean under the Bally Total Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada (R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers.

BFTH News:

June 4 - Bally Total Fitness Announces Closing of Sale of Canadian Fitness Centers to GoodLife Fitness Centres Inc. and Extreme Fitness, Inc.

Bally Total Fitness (OTC: BFTH), one of the largest operators of fitness centers in the U.S., announced today that it has closed on the sale of its Toronto, Canada facilities to Extreme Fitness, Inc. and GoodLife Fitness Centres Inc., realizing net cash proceeds of approximately $18 million.

"The strategic sale of our Canadian operations will better enable us to focus on our U.S. operations and leveraging our industry-leading fitness brand," said Don R. Kornstein, interim Chairman and Chief Restructuring Officer of Bally Total Fitness. "This is a significant step in reshaping the operational footprint for Bally Total Fitness as we continue to focus on this important element of our restructuring."

Kornstein added, "The proceeds from the transaction will be reinvested into our business and increase our liquidity at June 1, 2007, to approximately $60 million."

"The addition of the Bally clubs is a springboard to propelling GoodLife toward our goal of 100 clubs in Toronto," said David Patchell-Evans, CEO and founder of GoodLife Fitness. "GoodLife is a 'Made in Canada' solution to fitness: 28 years of experience in the business and an award recipient of Canada's 50 Best Managed Company award 2003-2006 and the Consumer Choice Award for GTA 2001-2007. Our intent is to bring that same high quality of expertise in the fitness and wellness field to servicing these new clubs and our new members."

Jim Solomon, Chief Executive Officer of Extreme Fitness, added, "We are buying these great locations based on the fact that they match the quality and prestige of our current six Extreme Fitness clubs. Once the 20 million dollar renovation is complete, Extreme Fitness will have the 12 nicest health clubs in the city."

About Bally Total Fitness Bally Total Fitness is among the largest commercial operators of fitness centers in the U.S., with over 375 facilities located in 26 states, Mexico, Korea, China and the Caribbean under the Bally Total Fitness(R) and Bally Sports Clubs(R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers.

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ESMART TECHNOLOGIES (OTC: ESMT) "Up 100% on Monday"

e-Smart Technologies, Inc. (OTC: ESMT) is the exclusive supplier for Asia and the US of the Biometric Verification Security System(TM) (BVS2)(TM), and the Super Smart Card(TM) and related technologies, which e-Smart believes to be the world's first smartcard of its kind with a sensor and full on-card system for biometric ID verification together with other unique technologies. These new generation technologies permit governments, public and private institutions, healthcare providers and insurers, companies large and small, their citizens and customers, respectively, to stop ID and payment fraud, including identity theft, in connection with both physical and logical access and with financial and other data related transactions all without compromising a person's right to privacy.

ESMT News:

June 4 - e-Smart Selected for Gwangju City, Korea, 'Digital Ubiquitous Model City' Project e-Smart Technologies, Inc., (OTC: ESMT); ('e-Smart' or the 'Company') is pleased to announce that further to the Agreement between e-Smart's parent company, IVI Smart Technologies, Inc. ('IVI') and World Developments Corporation ('WDC'), a guaranty has been obtained by WDC from Growth Enterprise Fund SA ('GEF') for up to $50 million to WDC and IVI for the implementation of e-Smart's contractual obligations in South Korea and for projects undertaken and to be undertaken in other countries. The funding will be subject to certain terms and conditions, which will be detailed in agreements that will be filed with the Company's next report on Form 10Q.

World Developments Corporation, WDC, is a privately-held U.S. group based in Washington, D.C. providing services that span various sectors, including development of fully-integrated construction and civil engineering projects worldwide; installation and implementation of large-scale corporate IT networks; internet technology and corporate communications solutions, and the creation and maintenance of healthcare informatics solutions for both public health systems and the private healthcare sector.

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VERTICALNET, INC. (NASDAQ: VERT) "Up 57.58% on Monday"

Verticalnet, Inc. (Nasdaq:VERT) is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

VERT News: June 4 - Verticalnet Inc. Completes Preferred Stock Financing

Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on-demand supply management solutions, today announced completion of a private placement of $2.175 million in preferred stock financing, including $1.575 million in new capital and the conversion of $600,000 of debt financing previously announced on May 22, 2007. Kildare Capital, Inc. acted as exclusive placement agent for the Company.

Several individual and institutional investors invested $2.175 million and the Company agreed to issue to the investors 8,700,000 shares of Series B Preferred Stock. The total transaction resulted in net proceeds to the Company of approximately $1.95 million after deducting the estimated offering costs and fees. The transaction provides that $600,000 of debt loaned to the Company in early May will automatically convert into the Series B Preferred Stock on a dollar-for-dollar basis. The Company intends to use the proceeds of the transaction for working capital, the repayment of its final two payments of senior secured convertible notes, and the partial repayment of the Company's subordinated discount note.

The Series B Preferred Stock includes an interest rate of 12% per annum, payable in kind, and is subject to redemption at the investor's discretion after 24 months. The Company has agreed to seek at its annual meeting shareholder approval of a proposal to enable all the Series B Preferred Stock to be convertible into common shares, to allow Series B shareholders to be issued 4,350,000 warrants to be priced at the closing Nasdaq bid price on the day prior to the Closing and 4,350,000 warrants to be priced at $.70. Under the terms of the proposal, investors would be entitled to convert their shares of Series B Preferred Stock into common shares on a one-for-one basis, subject to adjustment based on subsequent financing criteria set forth in the terms of the Series B Preferred Stock. Upon achieving shareholder approval, all accrued interest on the Series B Preferred Stock would be deemed paid and the redemption feature would be eliminated. In the event the shareholders do not approve the proposal to enable all the Series B Preferred Stock to be convertible into common shares, a portion of the Series B Preferred Stock equal to 19.9% of the Company's outstanding common stock will be convertible into the Company's common stock, the redemption feature and interest will be retained and the holders of the Series B Preferred Stock will be granted warrants to purchase approximately 27.0 million shares of the Company's common stock at an exercise price to be set on the day prior to the annual shareholders meeting.

"Verticalnet is pleased to announce the infusion of additional capital from a mix of respected long-term investors as well as members of Verticalnet's Board of Directors and co-founder," stated Nathanael Lentz, president and CEO of Verticalnet. "With this additional liquidity, the elimination of our senior convertible debt in early July, our continued focus on cost management, and our continued success in the market place, we believe that we are setting in motion the right actions for the next chapter in Verticalnet's evolution."

Neither the shares of Series B Preferred Stock nor the shares of common stock issuable as a result of any conversion of the Series B Preferred Stock have been registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investors absent registration or an applicable exemption from the registration requirements. Verticalnet has agreed to file a registration statement covering the resale of the shares of common stock issuable upon conversion of the Series B Preferred Stock issued in this transaction and upon exercise of the warrants to be issued in this transaction.

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