This is your free issue of the Global Media and Corporate Relations newsletter. In order to continue to receive the GMCR News you must reserve your place in our news server by one of the methods below. If this newsletter has reached your mailbox in error, do nothing and you will receive no further contact. Visit http://www.corporaterelations.com and sign in to reserve your place in our news server. or Email to gmcr-list@corporaterelations.com ; include the words 'join gmcr-news' in the body of the message. GLOBAL MEDIA AND CORPORATE RELATIONS NEWS GMCR is dedicated to bringing you the most timely critical investment information about new issues, IPO's, small cap stocks and special opportunities that simply cannot be found elsewhere. All of the investment opportunities presented here are thoroughly screened by our experienced team of investment professionals. Each of our client companies has undergone a stringent due diligence process to insure that the investment potential is a bona fide GMCR opportunity. One Asian Tiger Roars as the Others Roll Over and Play Dead For the first half of 1998, U.S. electronics exports to Asia dropped 12% in the face of various economic crises and currency devaluations in the Pacific Rim that saw country economies falling like dominos. The culprits: Indonesian imports down 64%, Korean down 37%, Thai down 26%, and Japanese imports down 14%. So how did the U.S. semiconductor manufacturers fair overall? Total semiconductor sales worldwide were only down .38% because Eastern Europe, Mexico, Canada and China increased their purchases at the expense of their Asian counterparts. China, one of the Asian Tigers, escaped the crisis conditions unscathed, actually increasing their imports of U.S. semiconductor products by 50% during the first half of this year according to industry sources. China's tight control over its currency allowed it to escape the problems that slashed fifty cents on the dollar out of the other Asian Tiger currencies. While the other countries worried about currency devaluations and layoffs in industry, China quietly ramped up production in their three "golden" markets: telecommunication, consumer electronics and home appliances grabbing market share along the way. FEATURED COMPANY Our feature company this month is Micronics International, Inc (OTC:BB MCIK). Micronics International (MCIK) has been undervalued with the recent Asian crisis driving stocks lower. Timing is right for Micronics International (MCIK) to rocket upward propelled by a burgeoning Chinese semiconductor market. Their current mission is to take advantage of the large Chinese government incentives to moev electronic manufacturing from the coast to the interior of the country. Micronics is locating their new offices in the heart of these new centers of industry. The company will be perfectly positioned for a buy-out or merger with a larger U.S. semiconductor distributor looking for an established marketing channel into China, soon to be the worlds' biggest market for semiconductor products. Micronics (MCIK) is the Second Largest U.S. Distributor of semiconductors into the Chinese telecommunications, consumer electronics and home appliance manufacturing sectors. The company has established both close relationships with the government and permanent offices within their borders. The Chinese must import 94% of integrated circuit needs and their buying has INCREASED 50% during the Asian Crisis! Micronics (MCIK) is rocketing upward because: * The 1998 Chinese import market for chips? Over six billion units. * First half of 1998 showed a 50% increase in U.S. semiconductor imports into China, 10% higher than was predicted by industry insiders. * Industry forecasts for semiconductor sales: $120 billion 2005, $550 billion 2010, World's largest market by 2015. * A $50 billion plus semiconductor market in China is projected to grow at a 40% rate the next seven years! * The semiconductor market has grown steadily, 25% per year, for the last ten years in lockstep with increased U.S. imports into China! * Over 60 years of combined semiconductor marketing experience among the Micronics officers. * Micronics has excellent government and local factory contacts in China through a professional sales force. * The low cost provider to the market through strategic purchases of key stocks. * Long term relationships with U.S. proprietary chip manufacturers and smaller U.S. distributors focusing on telecommunications, computers and energy conservation, Micronics' key markets. * The U.S. semiconductor companies have a solid 10% of the China market * Very few American distributors are willing and able to crack the China distribution market. The only competitor of note is Arrow Electronics who does approximately $120 million in sales a year in China. * Many U.S. companies want in China, Micronics is positioned as a possible acquisition or marketing channel.