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Date:      Tue,  2 Jul 2002 09:45:41 -0700 (PDT)
From:      <thejournal@excite.com>
To:        <questions@freebsd.org>
Subject:   The Investment Journal: Biotech Holdings Ltd.
Message-ID:  <52F8B3D6.000000013.4A3B.9B83.C9C33FE204B7@I9yyCDnW.com>

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 style='width:443.45pt;margin-left:.45in;background:#E5D68D;border-collapse:
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  <td width=591 nowrap valign=top style='width:443.45pt;padding:0in 5.4pt 0in 5.4pt;
  height:77.25pt'>
  <h3>The Investment </h3>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:"Franklin Gothic Demi";
  color:black'>Issue 26<span style="mso-spacerun: yes">                       
  </span></span><b><span style='font-size:36.0pt;mso-bidi-font-size:12.0pt;
  font-family:Algerian;color:green'>Journal<span style="mso-spacerun: yes">   
  </span></span></b><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;
  font-family:"Franklin Gothic Demi";color:black'>June 2002</span><b><span
  style='font-size:36.0pt;mso-bidi-font-size:12.0pt;font-family:Algerian;
  color:#999999'><o:p></o:p></span></b></p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal align=center style='text-align:center'><span lang=EN-CA
style='color:white;mso-ansi-language:EN-CA'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoHeader align=center style='text-align:center;tab-stops:.5in center 3.0in right 6.0in'><span
lang=EN-CA style='font-size:22.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:white;mso-ansi-language:EN-CA'><span style="mso-spacerun: yes">     
</span></span><span lang=EN-CA style='font-size:22.0pt;mso-bidi-font-size:12.0pt;
font-family:Arial;color:green;mso-ansi-language:EN-CA'>BIOTECH HOLDINGS LTD.</span><span
lang=EN-CA style='font-size:22.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:white;mso-ansi-language:EN-CA'><o:p></o:p></span></p>

<p class=MsoHeader style='tab-stops:.5in center 3.0in right 6.0in'><span
lang=EN-CA style='mso-ansi-language:EN-CA'>&nbsp;<o:p></o:p></span></p>

<table border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse;
 mso-padding-alt:0in 5.4pt 0in 5.4pt'>
 <tr style='height:620.5pt'>
  <td width=431 valign=top style='width:323.6pt;padding:0in 5.4pt 0in 5.4pt;
  height:620.5pt'>
  <table border=0 cellspacing=0 cellpadding=0 bgcolor="#e5d68d"
   style='background:#E5D68D;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
   <tr>
    <td width=405 valign=top style='width:303.4pt;padding:0in 5.4pt 0in 5.4pt'>
    <h1 align=center style='text-align:center'><span style='font-family:"Calisto MT";
    color:green'>BIOTECH HOLDINGS PROFILE <o:p></o:p></span></h1>
    <h1 align=center style='text-align:center'><span style='font-family:"Calisto MT";
    color:green'><span style="mso-spacerun: yes"> </span>BREAKTHROUGH DIABETES
    DRUG</span><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:green'><o:p></o:p></span></h1>
    </td>
   </tr>
  </table>
  <h1 align=center style='text-align:center'><span style='font-size:10.0pt;
  font-family:"Calisto MT";mso-bidi-font-family:Arial;color:green'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></h1>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>The Company: Biotech is a
  pharmaceutical company based in Vancouver, Canada.<span style="mso-spacerun:
  yes">  </span>Biotech <b>controls and is bringing to market a breakthrough
  diabetes drug</b>.<span style="mso-spacerun: yes">  </span>The drug, called
  DIAB II, is classed as an insulin-sensitizing drug. Drugs of this type
  improve the body’s ability <o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>to make use of insulin, the
  hormone that controls blood sugar levels.<span style="mso-spacerun: yes"> 
  </span>Currently available insulin-sensitizers such as Avandia and Actos have
  huge sales volumes<span style="mso-spacerun: yes">  </span>-- <b>over $700
  million annually in the case of Avandia, and over $1 Billion for Actos</b><span
  style="mso-spacerun: yes">  </span>-- despite a number of drawbacks including
  potential liver toxicity.<span style="mso-spacerun: yes">  </span>The success
  of these drugs demonstrates the tremendous potential for an effective and
  safe insulin sensitizer such as DIAB II. </span><span style='font-size:9.0pt;
  mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><b><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>The Potential Market: The market
  for Type II Diabetes drug worldwide is estimated to be more than $10 billion
  annually. </span></b><span style='font-size:9.0pt;mso-bidi-font-size:12.0pt;
  font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>Biotech’s first goal is to bring
  DIAB II onto the market in Latin America, as preparation for bringing DIAB II
  to the drug market in the U.S. and Canada. <b>Discussions with potential
  pharmaceutical partners for the U.S. market have begun.</b> </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>In Latin America, Mexico is first
  on the company’s list of target markets. In his report to shareholders issued
  March 1, 2002, the President of Biotech Holdings, Robert Rieveley, said: <b>We
  believe that we are well positioned for receiving regulatory approval
  shortly.<span style="mso-spacerun: yes">  </span>Accordingly, we have been
  making preparations for supply of DIAB II to the Mexican market, which is the
  eighth largest pharmaceutical market in the world. </b></span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>In Latin America, DIAB II has
  already been approved in Peru and Biotech has signed distribution agreements
  for <b>Venezuela, Chile and Argentina</b>.<span style="mso-spacerun: yes"> 
  </span>In other markets, a distributor has been signed for <b>Turkey</b> and
  preliminary agreements are in place for <b>Spain, Greece, South Africa</b>
  and several markets in the Middle East and South Asia. </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>The <b>U.S. patents that protect
  DIAB II</b> - - issued on November 28, 2000 and September 18, 2001 - - confer
  the sole right to the use of treatments combining insulin-sensitizing drugs
  with any other standard medications for Type II Diabetes.<span
  style="mso-spacerun: yes">  </span><b>Many large pharmaceutical companies
  active in the diabetes field may be affected. </b></span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>In addition to its prescription
  drug business, Biotech has a non-prescription, personal care products
  division which is showing steady growth.<span style="mso-spacerun: yes"> 
  </span>In addition to its growing private label business, this division is
  planning to launch a new line of high-margin cosmetic products, which will be
  sold primarily in the U.S.</span><span style='font-size:9.0pt;mso-bidi-font-size:
  12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>&nbsp; </span><span
  style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><o:p></o:p></span></p>
  <p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;
  mso-bidi-font-size:10.0pt;font-family:Arial'>Biotech’s revenues are set to
  grow sharply as <b>markets for DIAB II open up</b>, as <b>non-prescription
  revenues grow</b> and as the implications of the above-mentioned patents are
  pursued, <b>with potential for royalty payments from major pharmaceutical
  companies</b>. In his Report to Shareholders, the President of Biotech
  concluded: <b>We look forward with enthusiasm to developments in the coming
  months.</b><b style='mso-bidi-font-weight:normal'> <o:p></o:p></b></span></p>
  <h1 align=left style='text-align:left'>&nbsp;<span style='font-family:"Calisto MT"'><o:p></o:p></span></h1>
  </td>
  <td width=327 valign=top style='width:245.2pt;padding:0in 5.4pt 0in 5.4pt;
  height:620.5pt'>
  <table border=0 cellspacing=0 cellpadding=0 align=left width=323
   style='width:242.6pt;border-collapse:collapse;border:none;mso-border-alt:
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   mso-table-rspace:9.0pt;mso-table-anchor-vertical:paragraph;mso-table-anchor-horizontal:
   margin;mso-table-left:left;mso-table-top:97.8pt;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
   <tr>
    <td width=179 valign=top style='width:134.6pt;border:solid windowtext .5pt;
    background:green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:white'>Company Name<o:p></o:p></span></p>
    </td>
    <td width=144 valign=top style='width:1.5in;border:solid windowtext .5pt;
    border-left:none;mso-border-left-alt:solid windowtext .5pt;background:#E5D68D;
    padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial'>Biotech Holdings Ltd.<o:p></o:p></span></b></p>
    </td>
   </tr>
   <tr>
    <td width=179 valign=top style='width:134.6pt;border:solid windowtext .5pt;
    border-top:none;background:green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:white'>Stock Exchange in U.S<o:p></o:p></span></p>
    </td>
    <td width=144 valign=top style='width:1.5in;border-top:none;border-left:
    none;border-bottom:solid windowtext .5pt;border-right:solid windowtext .5pt;
    mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
    background:#E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:black'>OTC BB: BIOHF</span><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=179 valign=top style='width:134.6pt;border:solid windowtext .5pt;
    border-top:none;mso-border-top-alt:solid windowtext .5pt;background:green;
    padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:white'>Stock Exchange in Canada<o:p></o:p></span></p>
    </td>
    <td width=144 valign=top style='width:1.5in;border-top:none;border-left:
    none;border-bottom:solid windowtext .5pt;border-right:solid windowtext .5pt;
    mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
    background:#E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:black'>TSX.Venture: BIO</span><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=179 valign=top style='width:134.6pt;border:solid windowtext .5pt;
    border-top:none;mso-border-top-alt:solid windowtext .5pt;background:green;
    padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:white'>52-week High/Low BIOHF<o:p></o:p></span></p>
    </td>
    <td width=144 valign=top style='width:1.5in;border-top:none;border-left:
    none;border-bottom:solid windowtext .5pt;border-right:solid windowtext .5pt;
    mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
    background:#E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:black'>$.26/$0.05</span><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=179 valign=top style='width:134.6pt;border:solid windowtext .5pt;
    border-top:none;mso-border-top-alt:solid windowtext .5pt;background:green;
    padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:white'>52-week High/Low BIO<o:p></o:p></span></p>
    </td>
    <td width=144 valign=top style='width:1.5in;border-top:none;border-left:
    none;border-bottom:solid windowtext .5pt;border-right:solid windowtext .5pt;
    mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
    background:#E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Calisto MT";
    mso-bidi-font-family:Arial;color:black'>$.42/$.07</span><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial'><o:p></o:p></span></p>
    </td>
   </tr>
  </table>
  <p class=MsoNormal>&nbsp;</p>
  <p class=MsoNormal>&nbsp;</p>
  <p class=MsoNormal>&nbsp;</p>
  <p class=MsoHeader style='tab-stops:.5in center 3.0in right 6.0in'>&nbsp;</p>
  <p class=MsoNormal>&nbsp;</p>
  <p class=MsoNormal>&nbsp;</p>
  <table border=0 cellspacing=0 cellpadding=0 bgcolor="#e5d68d"
   style='background:#E5D68D;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
   <tr>
    <td width=324 valign=top style='width:242.65pt;padding:0in 5.4pt 0in 5.4pt'>
    <h1 align=left style='text-align:left;tab-stops:12.75pt center 115.9pt'><span
    style='font-family:"Calisto MT";color:green'><span style='mso-tab-count:
    2'>                  </span>THE OPPORTUNITY<o:p></o:p></span></h1>
    </td>
   </tr>
  </table>
  <p><b><i><span style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:
  Arial;color:black'>&quot;Revenues for the 10-week period from March 1, 2002
  to May 10, 2002 were $579,148. This represents 42% growth over revenue for
  the year-earlier 13-week period from March 1, 2001 through May 31,
  2001,&quot; Mr. Rieveley said. </span></i></b><b><i><span style='font-size:
  9.0pt;mso-bidi-font-size:12.0pt;color:black'><o:p></o:p></span></i></b></p>
  <p><b><i><span style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:
  Arial;color:black'>&quot;In the current quarter, we are looking for
  continuing improvement in our year-over-year revenue numbers,&quot; Mr.
  Rieveley added. </span></i></b><b><i><span style='font-size:9.0pt;mso-bidi-font-size:
  12.0pt;color:black'><o:p></o:p></span></i></b></p>
  <p><b><i><span style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:
  Arial;color:black'>&quot;I am also pleased to announce that we are moving
  towards initiating production of a new, high-margin line of skin, hair and
  cosmetic products which is planned to be widely sold in North America,&quot;
  Mr. Rievely said. &quot;Our Biotech Laboratories plant will produce a
  significant portion of the products required by this new distribution
  channel. We expect this additional production, targeted to begin in August, 2002,
  to have a significant impact on both total revenues and on profit margins for
  Biotech Holdings.&quot;</span></i></b><span style='font-family:Arial;
  color:#000066'> </span></p>
  <p class=MsoNormal><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></p>
  <table border=0 cellspacing=0 cellpadding=0 bgcolor="#e5d68d"
   style='background:#E5D68D;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
   <tr>
    <td width=324 valign=top style='width:242.65pt;padding:0in 5.4pt 0in 5.4pt'>
    <h2 align=center style='text-align:center'><span style='font-family:"Calisto MT";
    color:green'>INVESTOR INFORMATION</span><span style='color:green'><o:p></o:p></span></h2>
    </td>
   </tr>
  </table>
  <p class=MsoNormal><b><span style='font-family:"Calisto MT";color:black'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></b></p>
  <table border=0 cellspacing=0 cellpadding=0 width=332 style='width:249.0pt;
   border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;background:green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>Active Float:</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;background:#E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>20,000,000</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>U.S. SEC Registration No.:</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>0 - 29108</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>Shares outstandingMar.31/02:</span><span style='font-size:
    10.0pt;mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>69,928,130</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>Recent Market Cap:</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>$6,300,000 US</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>Stock Exchange in U.S.:</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>OTC BB: BIOHF</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>Stock Exchange in Canada: </span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>TSX.Venture:BIO</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr>
    <td width=192 valign=top style='width:144.2pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    green;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>52-week High/Low BIOHF:</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;border-bottom:
    solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;background:
    #E5D68D;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>$.26/$0.05</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr style='height:3.5pt'>
    <td width=192 valign=top style='width:144.2pt;border:none;mso-border-top-alt:
    solid windowtext .5pt;background:green;padding:0in 5.4pt 0in 5.4pt;
    height:3.5pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:white'>52-week High/Low BIO:</span><span style='font-size:10.0pt;
    mso-bidi-font-size:12.0pt;color:white'><o:p></o:p></span></p>
    </td>
    <td width=140 valign=top style='width:104.8pt;border:none;mso-border-top-alt:
    solid windowtext .5pt;background:#E5D68D;padding:0in 5.4pt 0in 5.4pt;
    height:3.5pt'>
    <p class=MsoNormal align=center style='text-align:center'><span
    style='font-size:10.0pt;font-family:"Calisto MT";mso-bidi-font-family:Arial;
    color:black'>$.42/$.07</span><span style='font-size:10.0pt;mso-bidi-font-size:
    12.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
  </table>
  <p class=MsoNormal align=center style='text-align:center'><b><span
  style='font-family:"Calisto MT";color:black'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></b></p>
  <p class=MsoNormal style='tab-stops:15.0pt center 124.85pt'><b><span
  style='font-family:"Calisto MT";color:black'><span style='mso-tab-count:2'>                       </span><a
  href="http://www.biotechltd.com/">www.biotechltd.com</a><o:p></o:p></span></b></p>;
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

<p class=MsoBodyText2 style='text-align:justify'><span lang=EN-CA
style='mso-ansi-language:EN-CA'>The Investment Journal: The information herein
has been obtained from sources which are believed to be reliable, but there are
no guarantees as to its accuracy or completeness. Neither the information nor
any opinion expressed constitutes a solicitation for the purchase or sale of
any security. Biotech Holdings has not paid any cash or shares for its
appearance on this report.<span style="mso-spacerun: yes">  </span>Some or all
employees at The Investment Journal may hold shares in companies featured. We
do not recommend or constitute &quot;buy&quot; or &quot;sell&quot; signals or
advisories for our readers. The Investment Journal is not a securities
broker-dealer, investment advisor or a securities exchange and is not
registered as such with the Securities and Exchange Commission nor any state
securities regulation authority. Consult with your financial advisor before
making any financial decisions.<o:p></o:p></span></p>

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Newsletter is intended for our opt-in readers only. If you have received this
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