Codes: At the end of each Update & Sneak, there are three codes. They have a rating from 1 to 10. Those numbers reflect my personal opinion. Please -- do not take action based on my opinion alone. Do four things before taking action: (1) Read my original writeup to get an overall feel (in the case of updates on recommendations); (2) Get the latest 10-Q, 10-K, corporate profile, & news releases; you can access them at www.wallstreetcorner.com on the Internet; (3) Study them; & (4) Call a key member of management to get a final impression. If anything bothers you regarding that call, pass. There are lots of situations. Do not invest unless everything about a situation feels good to you.

"R" stands for "Risk Rating." A "1" means I view the situation as having an extreme amount of risk. A "10" means very low risk -- a much sounder, more financially stable situation. You'll see hardly any with a "1" or "10" rating. I chose "10" to mean lower risk so the higher the number after each of the three codes, the more favorable the rating.

"M" stands for "Midterm Appreciation Potential." A "1" means I view the situation as having a small degree of midterm ("mid-term" is six to 12 months) potential. A "10" means really outstanding midterm potential.

"L" stands for "Long-term Appreciation Potential." A "1" means I view the situation as having a small degree of long-term ("long-term" is over one year) potential. A "10" means really outstanding long-term potential.

Actrade International Ltd. (NASDAQ/ACRT -- CS Sneak 10/95 & 1/99) announced it secured a five year, $25 million revolving credit facility with ING Barings. This allows it to expand its Trade Acceptance Draft (TAD) program. On 3/30/99, it announced a $10 million revolving credit facility with Summit Bank, which allows further TAD expansion. ACRT also signed a marketing agreement with Excite, Inc. (NASDAQ/XCIT) to launch ACRT's on-line advertising. Call Mitch Menik @ 212-563-1036; fax 212-563-3271, or write 7 Penn Plaza, Suite 422, New York, NY 10001. www.acrt.com. [R-7; M-7; L-8]

Action Products International, Inc. (NASDAQ/-APII -- CS 12/98) reported FY 98 sales of $5,868,800 compared to $5,864,300 for '97. However, on the basis of continuing toy & book product lines (its core products), this reflects an increase of about 35%. Call CEO Ronald Kaplan @ 352-687-2202 or IR director Rebecca Garrett @ 352-680-3516; fax 352-687-2858, or write 344 Cypress Rd., Ocala, FL 34472-3108. Email: becky@apii.com. www.apii.com. [R-7; M-6; L-8]

Advantage Marketing Systems, Inc. (NASDAQ/AMSO -- CS Sneak 1/99) reported Q4 (12/31/98) net income of $167,626 ($0.04/share), compared to a net loss of $22,457 in Q4 1997. Net sales increased 48.1% to $3,786,888 compared to $2,556,906 in Q$ 1997. Net income was up 218.4% to $414,048 for FY 1998, up from $130,026 in 1997. Call 800-426-4267 (ext 4916 for Curt Wilson, or ext. 4903 for Roger Baresel), fax 405-843-4935, or write 2601 NW Expressway, Suite 1210W, Oklahoma City, OK 73112. [R-8; M-8; L-9]

Alexa Ventures Inc. (VSE/AXA.V CS Sneak 2/97) reported FY '98 sales of $22,734,000 & gross margin of $3,292,000 vs. $3,734,000 & $1,169,000 respectively for FY '97. Call CEO Gerry Racicot @ 519-273-0503, fax 519-273-1684 or write 818 Erie St., Stratford, Ontario Canada N4Z 1A2. [R-5; M-7; L-8]

American Bio Medica Corp. (NASDAQ/ABMC -- CS Sneak 12/98) announced its Portuguese distributor signed an exclusive agreement with that country's professional basketball league to use ABMC's patented Rapid Drug ScreenTM kits for random on-site testing of its players. It announced 3/29/99 an exclusive agreement with SIMYACI in Istanbul, Turkey to distribute ABMC's kits for random on-site testing to that country's correctional system. ABMC also announced Q3 revenue (1/31/99) of $2,061,000, up 442% from Q3 last year. Call CEO Stan Cipkowski @ 800-227-1243, fax 518-329-4256, or write 102 Simons Rd., Ancramdale, NY 12503 [R-6; M-7; L-8]

American Resource & Development, Inc. (OTC Bulletin Board/ADCO -- CS Sneak 5/98) reported its Pacific Print Works subsidiary achieved its first profit in nearly two years for the month of 1/99. Q3 revenue for ADCO rose 138%. Call CEO Will Papenfuss @ 503-492-1500, fax 503-665-1914, or write 2035 NE 181st St., Portland, OR 97230. www.ardcoinfo.com [R-6; M-7; L-8]

California Micro Devices Corp. (NASDAQ NMS/CAMD -- CS 10/98) & Flip Chip Technologies (FCT) announced a non-exclusive technology license agreement that provides CAMD with access to FCT's Ultra CSPTM manufacturing technology. This will enhance CAMD's line of Integrated Passive Devices (IPD's) in chip scale packages & provides a more cost-effective means of satisfying the increasing demand for high-performance, high-density components. Call IR @ 800-325-4966; fax @ 408-263-7846, or write 215 Topaz St., Milpitas, CA 95035. E-mail: kimk@calmicro.com. www.calmicro.co-m. [R-7; M-7; L-8]

Catalytica, Inc. (NASDAQ/CTAL -- CS Sneak 11/98) reported revenues for FY '98 of $375,156,000, more than double FY '97. Net income for the year was $20,763,000 or $0.33/share vs. $310,000 or a loss of $0.10/share after the EPS adjustment re the repurchase of Series B common stock. Call Lloyd Baylis @ 650-960-3000, fax 650-960-0127, or write 430 Ferguson Dr., Mountain-view, CA 94043. [R-7; M-7; L-9]

CECO Environmental Corp. (NASDAQ/CECE -- CS 9/97) announced its Busch Co. division received an order from National Steel (NYSE/NS) for CECO's $500,000 patented JET*STARTM Strip Cooling System for NS' Midwest Division in Portage, IN.

CECE also announced on 3/29/99 a new banking relationship with PNC Bank (NYSE/PNC), increasing its credit line from $2 million to $5 million, a $625,000 term loan, & a $787,000 mortgage loan. In addition, PNC Bank will assist CECE in consummating future acquisitions through a committed $2 million acquisition line of credit & an express willingness to consider providing financings for larger acquisitions on terms satisfactory to the Bank. Call CECO @ 416-593-6543 or their IR firm @ 303-850-7896. [R-6; M-7; L-8]

Empyrean Bioscience, Inc. (formerly Emperyean Diagnostics -- OTC Bulletin Board/EMDG -- CS 6/98) delivered its first shipment of its new Preventx hand sanitizing products to its strategic partner Integrated Commercialization Solutions (ICS). In a single day, 2/25/99, 2.1 million shares of EMDG were traded & finished the day up $0.37/share. Call CEO Stephen Hayter @ 602-879-6935, or write 2238 West Lone Cactus Dr., Suite 200, Phoenix, AZ 85027. [R-6; M-7; L-8]

Galaxy Foods Company (NASDAQ/GAXCD - formerly GALX -- CS 7/97) announced its sponsorship of the Relay For Life, a key fund raising effort of the American Cancer Society. Call Rebecca Barksdale @ 407-855-5500 Ext. 105 or write 2441 Viscount Row, Orlando, FL 32809. [R-7; M-6; L-7]

Hemispherx Biopharma, Inc. (AMEX/HEB -- CS Sneak 12/96) is working to develop the AmpligenR family of RNA drugs for the treatment of viral diseases & certain cancers. A lot has happened since my first coverage of HEB. Ampligen, a parental drug product, is in advanced human clinical development for various therapeutic indications. HEB has one of the largest patent portfolios in the biotechnology industry. A total of 328 patents have been issued; 176 in the European Union, 66 in the Pacific Rim, 57 in non-European, non-Pacific Rim countries, & 27 in the U.S. Here are some highlights:

June 1997: Received FDA approval for a Phase II, Chronic Fatigue Syndrome (CFS)/treatment protocol for Ampligen with cost recovery. HEB has five clinical sites across the U.S. Similar Phase II cost recovery programs were set up in Canada, Brussels, & Belgium. .... October 1998: Initiated a Phase III ME/CFS clinical trial in six sites across the country. An additional three sites have been pre-certified by the FDA. .... October 1998: Started treating patients with ready-to-use liquid Ampligen. The availability of the ready-to-use liquid form offers multiple conveniences to the end user. The liquid form of the Ampligen was submitted to the FDA during the Q3 of 1998 for full review & comments prior to its use in the cost-recovery program.

Lions Gate Entertainment Corp. (AMEX/TSE/LGF -- CS 11/98) launched a new daily animated series "Mega Babies" with 26 half-hour episodes on the Fox Family Channel. It follows the out-of-this-world, fast-paced adventures of three extraordinary orphans who gain immense

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