Chancellor Group Inc (CHAG)

[mmayr]

CHAG mentioned by Subway.com:
(COMTEX) B: TheSUBWAY.com Announces Investment Opinion on iToo Corp.c
B: TheSUBWAY.com Announces Investment Opinion on iToo Corp.com., NetZero Inc.,
Juno Online Services Inc., Chancellor Group Inc. and Verso Technologies, Inc

WESTON, Fla., Jun 11, 2001 (BUSINESS WIRE) -- TheSUBWAY.com releases the
following investment opinions on iToo Corp.com (OTCBB:ITOO), NetZero Inc.
(Nasdaq:NZRO), Juno Online Services Inc. (Nasdaq:JWEB), Chancellor Group Inc.
(OTCBB:CHAG) and Verso Technologies, Inc. (Nasdaq:VRSO).

iToo Corp.com (OTCBB:ITOO) Previous Close Down 1% to .60 on volume 177,000
Shares ACCUMULATE

iToo Corp.com (OTCBB:ITOO) stock has been trading up to over the .70 mark last
week on record volume. Down on some profit taking since than, ITOO just
announced that the State of Nevada Senate just passed AB466. This is a huge
accomplishment for ITOO.

The company anticipates that the state of NJ will be next.

CRG feels that the stock should be placed on the watch list of aggressive
investors. If volume persists, the stock can be trading over the $1.50 mark
shortly.

NetZero, Inc. (Nasdaq:NZRO) Previous Close: Up 23% to $1.17 on vol. 8,777,200
Shares: ATTRACTIVE

NetZero, Inc. (Nasdaq:NZRO) and Juno Online Services, Inc. (Nasdaq:JWEB), two of
the country's largest providers of Internet access services, announced that they
have agreed to a strategic merger. The union is expected to create the nation's
second-largest Internet access provider (after America Online, but substantially
ahead of Microsoft, EarthLink, and AT&T Worldnet), based on a combined total of
more than 7 million active subscriber accounts as of March 2001.

Under the terms of the agreement, NetZero and Juno will become wholly owned
subsidiaries of a newly formed company called United Online, Inc. All
outstanding shares of both companies will be exchanged for shares of United
Online in an all-stock transaction. It is anticipated that immediately following
the closing of the transaction, NetZero stockholders will own approximately
61.5% of the outstanding common stock of United Online. Upon closing, NetZero
stockholders will receive 0.2000 shares of United Online for each share of
NetZero.

NetZero is a leading provider of Internet access and other Internet-related
services. The company offers consumers high-quality Internet access, a choice of
popular e-mail programs and convenient navigation tools that provide 'speed
dial' to key sites on the Internet. The company also offers a broad range of
interactive marketing, research and measurement solutions.

Juno Online Services Inc. (Nasdaq:JWEB) Previous Close: Up 21% to $1.79 on vol.
3,330,800 Shares: ATTRACTIVE

Juno Online Services, Inc. (Nasdaq:JWEB) and NetZero, Inc. (Nasdaq:NZRO), two of
the country's largest providers of Internet access services, announced that they
have agreed to a strategic merger. The union is expected to create the nation's
second-largest Internet access provider (after America Online, but substantially
ahead of Microsoft, EarthLink, and AT&T Worldnet), based on a combined total of
more than 7 million active subscriber accounts as of March 2001.

'This merger brings together two leaders in the rapidly growing value segment of
the Internet access market,' said Goldston. 'Both companies have built widely
recognized consumer brands that we plan to continue to leverage as we work to
attract new users and upsell our current subscribers to higher levels of service
and revenue. As the second-largest ISP in the United States, United Online
should represent a very attractive audience for the nation's largest marketers
and advertisers. Equally important, we expect the merger of our two companies to
generate significant synergies that will result in increased financial strength,
numerous operating efficiencies and an improved user experience.'

Juno Online Services, Inc. is one of the nation's leading Internet access
providers. Founded in 1995, Juno provides multiple levels of service, including
free basic Internet access, billable premium dial-up service, and (in certain
markets) high-speed broadband access. The company's revenues are derived
primarily from the subscription fees charged for its billable premium services,
and to a lesser extent from the sale of advertising and from various forms of
electronic commerce.

Chancellor Group Inc. (OTCBB:CHAG) Previous Close: Up 7% to $0.3 on vol. 259,500
Shares: ACCUMULATE

Oil and natural gas company Chancellor Group Inc. (OTCBB:CHAG) announced that
the first shipment of oil has gone out from its Shinkle Field property in
Kansas. Chancellor Group shipped an initial 180 barrels of 23 degree API crude
oil on Friday from the Kansas property and plans are under way to schedule
additional pick-ups. The frequency of these will gradually increase as further
existing wells are brought on-line and the in-fill well drilling program gets
underway.

The company will bring as many as 18 of the existing wells back on line over the
next 4-6 weeks and improve the performance characteristics of each well as the
remediation program progresses. In addition, the Company in early June will
drill the first of 20 new in-fill wells and will define the extent of the
natural gas reserves on the property as well as likely extend the proved
recoverable oil reserves and the field life of the property. Output will
increase substantially as the new in-fill wells are drilled and completed and as
the remediation program is completed.

Chancellor Group, Inc. is an emerging small cap energy company involved in oil
and natural gas production, and currently has oil and gas properties in Kansas,
Texas, and Kentucky with substantial proved recoverable reserves.

Verso Technologies, Inc. (Nasdaq:VRSO) Previous Close: Up 2% to $1.20 on vol.
607,600 Shares: HOLD

Verso Technologies, Inc. (Nasdaq:VRSO), a leading provider of technology
infrastructure solutions that power complex business environments, announced the
completion of its enterprise application integration (EAI) engagement for
Xspedius Corp. an integrated voice and data services provider offering local
telephone service, local dial tone, high-speed Internet, voice over the Internet
and Web hosting services.

Additionally, by utilizing a best-in-class integration platform with
pre-configured adapters for telecom OSS systems, Verso's integration team
significantly reduced the cost and time to implement its solution, a savings
that, by the end of the engagement, had a dramatically positive effect on
Xspedius' bottom-line.

Since 1984, Verso Technologies, Inc. has been delivering best-of-breed software
and services that ensure the reliability, scalability and availability of
complex business environments. Verso's solutions include enterprise management
services, enterprise application integration and customer response services,
each designed to integrate the people, processes and platforms that keep
businesses operating efficiently and at peak performance.

"Still, most market participants remain apprehensive in conjunction to the
current earnings pre-announcement period, which many analysts will be using to
determine how far off the fundamental recovery may be in corporate profits.
Market players will be paying particular attention not only to company comments
about the current quarter, but especially to guidance going forward into the
next two quarters. Analysts expect choppy, range-bound trading action for the
major averages through the pre-announcement period, and especially leading up to
the culmination of the upcoming Federal Reserve policy-setting meeting." stated
Peter Antipatis. More is available at http://www.TheSUBWAY.com.

About TheSubway.com

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About Capital Research Group Inc.

Through TheSubway.com, Capital Research Group (CRG) introduces what in its
opinion are undervalued companies to the investment community. Capital Research
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All material herein was prepared by Capital Research Group, Inc. (CRG) based
upon information supplied by the company or other sources believed to be
reliable. The information contained herein is not guaranteed by CRG to be
accurate, and should not be considered to be all-inclusive. The companies that
are discussed in this opinion have not approved the statements made in this
opinion. This opinion contains forward-looking statements that involve risks and
uncertainties. A company's actual results could differ materially from those
described in any forward-looking statements or announcements discussed herein.
This material is for informational purposes only and should not be construed as
an offer or solicitation of an offer to buy or sell securities. CRG is not a
licensed broker, broker dealer, market marker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before purchasing or
selling any securities viewed on www.thesubway.com. CRG has been compensated by
third party shareholders or with cash from the company on behalf of one or more
of the companies mentioned in this opinion. (450,000 ITOO) CRG intends to sell
its shares. CRG has sold approximately 225,000 ITOO shares to date. CRG may sell
its shares for less than the target price given in this opinion. CRG's
affiliates, officers, directors and employees may also have bought or may buy
the shares discussed in this opinion and may profit in the event those shares
rise in value. CRG will not advise as to when it decides to sell and does not
and will not offer any opinion as to when others should sell; each investor must
make that decision based on his or her judgment of the market.


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KEYWORD: FLORIDA
INDUSTRY KEYWORD: INVESTMENT
OPINION

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