DISCLAIMER

The MicroCap Journal is not a Registered Investment Advisor or a Broker /Dealer. Readers are advised that this newsletter (website) is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. The MicroCap Journal does not guarantee the accuracy of the information provided. Investors should verify all information independently or by their investment advisor. This newsletter may contain forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.

For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Discussions of factors, which may affect future results, are contained in the Company's most recent filings. Readers can review all public filings by companies at the SEC's EDGAR page. The MicroCap Journal may receive compensation.

All shares that are received as compensation will either be sold prior to the initial release of a featured company or held after the first initial trading session of the initial release. Editors of The MicroCap Journal may invest or trade in securities featured in our newsletter or website. Editors of The MicroCap Journal will not purchase and hold shares of a featured company prior to its initial release unless it was it was completely bought and sold prior to its initial release. Initial releases by definition is when a featured company is first introduced either by newsletter or website.

Unauthorized use, dissemination in whole or in part, disclosure, distribution or copying of this private e-mail is prohibited without written consent. The MicroCap Journal encourages readers to review the investing information available from the Securities and Exchange Commission ("SEC") at http://www.sec.gov/ and/or the National Association of Securities Dealers ("NASD") at http://www.nasdr.com/ The NASD has published information on how to invest carefully at its web site.

In order to be in full compliance with the Securities Act of 1933, Section 17(b), The MicroCap Journal discloses compensation in our disclaimer for our efforts in presenting and disseminating information contained herein.

Covered Companies and Compensation

.... Royce Biomedical Inc.

Profile Coverage: Jul 5, 2005 to Oct 5 , 2005
OTC Bulletin Board Symbol:
RYBO
Compensation: The MicroCap Journal received $750 from a non-affiliated third party for website coverage, profile write-up and newsletter coverage for a period of three months.


.... SBS Interactive, Co.

Profile Coverage: Jun 29 , 2005 to Aug 29, 2005
OTC Bulletin Board Symbol:
PAII
Compensation: The MicroCap Journal received $750 from a non-affiliated third party for website coverage, profile write-up and newsletter coverage for a period of three months.


.... SBS Interactive, Co.

Profile Coverage: Mar 23 , 2005 to Jun 23, 2005
OTC Bulletin Board Symbol:
SBSS
Compensation: The MicroCap Journal received $750 from a non-affiliated third party for website coverage, profile write-up and newsletter coverage for a period of three months.

.... Family Room Entertainment

Profile Coverage: Feb 10 , 2005 to May 10 , 2005
OTC Bulletin Board Symbol:
FMLY
Compensation: The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of three months.

.... TelePlus Enterprises, Inc.

Profile Coverage: Jan 24, 2005 to Apr 24 , 2005
OTC Bulletin Board Symbol:
TLPE
Compensation: The MicroCap Journal received $1075 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of three months.


.... Extraordinary Vacations Group

Profile Coverage: Jan 24, 2005 to Feb 24 , 2005
OTC Bulletin Board Symbol:
EXVG
Compensation: The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.

.... Communicate.com

Profile Coverage: Oct 3, 2004 to Nov 3, 2004
OTC Bulletin Board Symbol:
CMNN
Compensation: The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... World Water Corp

Profile Coverage: Sep 6, 2004 to Oct 6, 2004
OTC Bulletin Board Symbol:
WWAT
Compensation:
The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... Biophan Technologies

Profile Coverage: Sep 1, 2004 to Oct 1 , 2004
OTC Bulletin Board Symbol:
BIPH
Compensation:
The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... Digital Rooster.Com LTD

Profile Coverage: June 8, 2004 to July 8, 2004
OTC Bulletin Board Symbol:
DGRLF
Compensation:
The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... CorpHQ Inc.

Profile Coverage: June 2 , 2004 to July 2 , 2004
OTC Bulletin Board Symbol: COHQ
Compensation:
The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... American Multiplexer Corporation

Profile Coverage: May 18, 2004 to June 18, 2004
OTC Bulletin Board Symbol: AMUT
Compensation:
The MicroCap Journal received $750 from a non affiliated third party for website coverage, profile write-up and newsletter coverage for a period of one month.


.... Environmental Technologies International Inc.

Profile Coverage: May 14, 2004 to June 14, 2004
OTC Bulletin Board Symbol: EMTI
Compensation:
The MicroCap Journal has received $750 from a non-affiliated third party, eLocity Inc. for newsletter coverage, profile write-up, and website coverage for a period of one month.


.... Oxford Ventures, Inc.

Profile Coverage: Apr 1, 2004 to May 1, 2004
OTC Bulletin Board Symbol: OXFV
Compensation:
The MicroCap Journal received $750 from a non affiliated third party, Investor Response LLC for website coverage and newsletter coverage for a period of one month.


.... Buyers United, Inc.

Profile Coverage: Feb 22, 2004 to March 22, 2004
OTC Bulletin Board Symbol: CWMS
Compensation:
The MicroCap Journal has received $500 from a third party for profile write-up, website coverage and newsletter coverage for a period of one month.

.... Buyers United, Inc.

Profile Coverage: Feb 27, 2003 to April 27, 2003
OTC Bulletin Board Symbol: BYRS
Compensation:
The MicroCap Journal has been compensated in the amount of $500 from a third party for a period of 2 months for website and newsletter coverage.


....TELKONET

Profile Coverage: February 14, 2003 to March 14, 2003
OTC Bulletin Board Symbol: TLKO
Compensation: The MicroCap Journal has received $500 from a third party for website hosting, company profile write-up and newsletter coverage for a period of one month.


....SMS@CTIVE TECHNOLOGIES CORPORATION

Profile Coverage: Sept 30, 2002 to Oct 30, 2002
OTC Bulletin Board Symbol: SMSE
Compensation: The MicroCap Journal has received 7k free trading shares from a third party for website hosting, company profile write-up and newsletter coverage for a period of one month.


....RONALD S. LAURA ENTERPRISES, INC.

Profile Coverage: Sept 22, 2002 to Oct 22, 2002
OTC Bulletin Board Symbol: BFIT
Compensation: The MicroCap Journal intends to receive 15k free trading shares from a third party for company profile and newsletter coverage for a period of 1 month.


....LINUX WIZARDRY, INC.

Profile Coverage: Jul 17, 2002 to Aug 17, 2002
OTC Bulletin Board Symbol: LNXWF
Compensation: The MicroCap Journal has been compensated 15k free trading shares from a third party for company profile write-up, website advertising and hosting, and newsletter coverage only for a period of 1 month.

....GATEWAY DISTRIBUTORS , INC.

Profile Coverage: Jul 1, 2002 to Aug 1, 2002
OTC Bulletin Board Symbol: GTWY
Compensation: The MicroCap Journal has been compensated in the amount $700 for a period of one month specifically for profile write-up, website hosting, website advertising, and newsletter coverage for Gateway Distributors by a third party.

....PACIFIC SANDS, INC.

Profile Coverage: Jun 23, 2002 to Jul 23, 2002
OTC Bulletin Board Symbol: PFSD
Compensation:
The MicroCap Journal has been compensated in the amount $500 for a period of one month specifically for profile write-up, website hosting, website advertising, and newsletter coverage and anticipates being compensated on a month to month basis.

....CONVERGE GLOBAL AND TELEWRX

Profile Coverage: Apr 15, 2002 to May 15, 2002
OTC Bulletin Board Symbol: CVRG
Compensation:
The MicroCap Journal has been compensated in the amount of 800 free trading shares specifically for profile write-up, website hosting, website advertising, and newsletter coverage only.


....Alpha Spacecom

Profile Coverage: Apr 1, 2002 to May 1, 2002
OTC Bulletin Board Symbol: TEIM
Compensation:
The MicroCap Journal has received 56k free trading shares specifically for website hosting, website advertising, and newsletter coverage for a period of 1 month. As of 4/20/02 The MicroCap Journal will receive 30k free trading shares for an additional month specifically for website hosting, website advertising, and newsletter coverage.


....Empyrean Communications Inc.

Profile Coverage: Apr 1, 2002 to May 1, 2002
OTC Bulletin Board Symbol: EPYC
Compensation:
The MicroCap Journal has received 5,000 free trading shares from a third profile specifically for website hosting, website advertising, and newsletter coverage.

....Hydrogenics

Profile Coverage: Mar 22, 2002 to Apr 22, 2002
OTC Bulletin Board Symbol: HYGS
Compensation: This is a complimentary editorial pick from The MicroCap Journal.

....Buyers United, Inc.

Profile Coverage: Jan 10, 2002 to February 10, 2002
OTC Bulletin Board Symbol: BYRS
Compensation:
The MicroCap Journal has been compensated in the amount of $1500 by a third party.

....Genomed

Profile Coverage: Dec 20, 2001 to January 20, 2002
OTC Bulletin Board Symbol: GMED
Compensation:
The MicroCap Journal has been compensated in the amount of $1150 by a third party.


....International Fuel Technology, Inc.

Profile Coverage: Dec 7, 2001 to January 7, 2002
OTC Bulletin Board Symbol: IFUE
Compensation:
This is a courtesy profile from one of our active members.


....Innovative Holdings & Technologies, Inc.

Profile Coverage: Dec. 1, 2001 to Jan. 1, 2002
OTC Bulletin Board Symbol: IHTL
Compensation: The MicroCap Journal has been compensated in the amount of 25,000 free trading shares from a third party.


....Cetalon Corporation

Profile Coverage: Dec 7, 2001 to January 7, 2002
OTC Bulletin Board Symbol: CETA
Compensation: The MicroCap Journal has been compensated in the amount of $750 from a thrid party.