Wit Capital Corporation is pleased to announce that we are able to provide first-come first-serve participation in the following initial public offering as described below: Issuer: Brass Eagle, Inc., a worldwide leader in the design, manufacture, marketing and distribution of paintball products, including paintball guns, paintballs and accessories. Security: Common Stock Expected Size of Offering: 2,275,000 shares Expected Price Range: $10.00 to $12.00 Lead Underwriter: McDonald & Co. If you think you may be interested in this Initial Public Offering available through Wit Capital, please visit http://www.witcapital.com or call (888) 4wit-cap. You can view, print or download the Preliminary Prospectus from the New Issues Section of our website. To purchase shares, you must first open an account, which you can do online. Investing in public offerings is speculative and may not be appropriate for every investor. As with all of your investments with Wit Capital, you must make your own determination of whether an investment in this offering is consistent with your investment objectives and risk tolerance. To learn more about the risks of investing in initial public offerings please visit the New Issues Section of our website. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE REGISTRATION STATEMENT BECOMES EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN AND REVOKED WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE TO THIS RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND. A broker dealer or its agent may only transact business in a state after licensure or satisfying qualification requirements of that state. If you reside in a particular state that Wit Capital is not registered in as a broker dealer or has registered agents in, this message is not directed to you. Wit Capital will not open a brokerage account or sell securities to you until such time registration requirements in your home state are fulfilled. Thank you. Wit Capital Corporation Member NASD/SIPC