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Wednesday, 10/25/2000 9:31:31 PM

Wednesday, October 25, 2000 9:31:31 PM

Post# of 3366
Wall Street Financial Corp (OTC-WSFI)
Outstanding shares: 43,221,063 as of 3/31/00
Float: approximately 18,000,000
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52 week high: .82
52 week low: .04
1-year chart: http://www.bigcharts.com/quickchart/quickchart.asp?
symb=wsfi&sid=&o_symb=wsfi&x=7&y=7

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Company website: http://www.wsf.com
****Info about their website from their 10Q that was filed on 9/5:
"Which at this time is undergoing - major reconstructions and updates"
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Recent news on 8/28/00
http://search.news.yahoo.com/search/news?p=wsfi&n=10

A little tid-bit pulled from this PR. . . .
Walch also announced today that the W.S. Trading Group of California
has executed a stock option agreement in the past week, allowing them
to acquire additional shares of the company valued in excess of three-
quarters of a million dollars.

``They obtained the stock at an average price of 38 cents,'' said
Walch, ``which is less than one-tenth of its current book value.
Their involvement, the fact that we have now completed our search for
a development team in Belize, and that several market makers are now
making a market in our stock all bode well for the future of this
company.''
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All of the info below was pulled from their 10QSB that was filled on
9/5/2000 here is the link to it. . .
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=WSFI&selected=WSFI

Please view the whole filing. . . .listed below are just some tid-
bits pulled from the filing.

The Company owns (23.62%) of the common stock of Compradore Limited,
a Hawaii corporation. Compradore Limited is the registered owner of a
real estate property and holds the Transfer Certificate of Title
(TCT), dated December 19, 1973, registered in the Land Titles
Register Volume 8, Folio 300 at the Belize General Registry. The TCT
encompasses 38,677-acres of land (referred to as the Mayan - Salt
Creek Estate or the Plantation). Due to subsequent transfers the
property was reduced to 31,423.45-acres in 1989. The property is
strategically located along the Caribbean coastline in the Belize
City District, north of the Belize International Airport, thereby
possessing prime property for residential, commercial and resort
development.

Assets

Total assets at June 30, 2000, were $138,466,263 as compared to
$138,343,126 at December 31, 1999. As of June 30, 2000, the Company
had a cash balance of $0, compared to December 31, 1999 cash balance
of $2,822. On June 30, 2000, current assets of the Company were
$878,191 compared to $770,071 at December 31, 1999.

Forest Resource

Forest Resource was $134,500,000 at June 30, 2000, and $134,500,000
at December 31, 1999, and consists of about 14,576 acres dense broad-
leaf forest range. The Company is in the process of establishing an
ecologically sound Forestry Management and Timber Processing Plan
calling for the harvesting and processing of timber from this
combined with controlled harvesting from other forestry concessions
to be used for export and secondary wood-processing of value-added
products.

Revenues

The Company had revenues of $323,316 for the three month period
ending June 30, 2000, as compared to $313,592 for the comparable
quarter in 1999. The Company expects its revenues to increase
significantly as the implementation of its plantation revitalization
and resort development plans are successfully executed.

Expenses

Expenses decreased to $243,990 for the three months ending June 30,
2000, compared to $247,258 for the comparable quarter in 1999. The
decrease in expenses is due to reorganization of operations at the
Mayan Plantations and Mayan Resorts.

Net Operating Income

There was a net operating profit of $79,326 for the Quarter ended
June 30, 2000 compared to $66,334 for the comparable quarter in 1999.

The Company is in the preliminary planning stages for the following
activities and business undertakings. No equity or debt funding has
yet been secured for these activities.

(i) Mayan Plantation. The Mayan Plantation has a 300+ year history as
a timber farm, cattle ranch and diversified crops plantation. The
completed Land Use Plan for the 31,423.45-acre Mayan Plantation sets
forth the appropriate land uses. Approximately 37% of the total land
base, or approximately 37% of the total land base, or approximately
14,000-acres (5,901 hectares) is densely covered by a hardwood forest
containing stands of mahogany, cedar, pine, teak and other tropical
hardwoods and a wide variety of plants and abundant wildlife. The
first objective of the Company is to implement and maintain a
sustainable forestry, plant, wildlife and shoreline management plan
for the entire 31,423.45-acre plantation, the five major lagoons and
its many miles of Caribbean shoreline.

Mayan Plantation plans to operate a sawmill, and wood processing
plant, producing high quality hardwood products for its own
development uses as well as for the export market. Mayan Plantation
will be capable of producing virtually all of the wood products and
millwork for planned residential, commercial and resort development
projects. All forest operations will be based on sustained yield
management as recommended by the company's forest management
consultants. The Company owns these timber resources in perpetuity.
The Company will actively pursue the acquisition of an established
U.S. based hardwood manufacturing company to assist with the
implementation of this plan.

Mayan Plantation's revitalization plan also focuses on the increase
in the current cattle and other livestock operations and on planting
and harvesting diversified crops, as well as plants and flowers, for
landscape architecture and the hospitality industry.

(ii) Mayan Resort Belize & Cultural Center. A 1,000-acre portion of
the Estate will be used on the shoreline for the development of the
Mayan Resort. The Company has assembled a highly qualified
design/build team for the implementation of the development plan and
also has accepted a proposal for the management of the Mayan Resort
from a leading resort/hotel management company.

The resort property can be accessed both by land and by water, and it
will offer a wide variety of resort activities and amenities in the
context of ecologically sound, sustainable growth. Adjacent to the
Mayan Resort, A Mayan Cultural Center and Theme Park, on about 5,000-
acres of land with miles of shoreline, will be developed to become
one of the major tourist attractions of Belize or even Central
America. The main attraction will be the well-known Mayan Temple at
Rocky Point. We believe this historical Mayan ruin is thousands of
years old and is located admits three picturesque lagoons.

(iii) Belize Science & Technology Center. An 800-acre portion of the
Estate, at its closest point to the North American Highway and the
Belize International Airport will be developed into the Belize
Science and Technology Center and incubator facility. It will be
occupied primary be two types of enterprises, namely software
development houses and Internet Service providers. It is designed as
an advanced light industrial research and development complex,
carefully master planned to embrace the unique environmental wonders
of Belize. Large swats of existing jungle are preserved as "Nature
(green) Corridors" throughout the complex. Lakes are planned as
wetland features to provide habitat for native water birds and other
fauna. The corridors also serve to separate industrial lots
into "Industry Clusters" to promote synergy between similar
disciplines in the field of high technology designs. The Park will be
self-intelligent with fiber optic cable connections to super
computers and satellite linkages. The master Plan will allow maximum
site plan flexibility and expansion to accommodate both small and
large tenants. Belize's close proximity to the U.S. and its pro-
business attributes, such as aggressive incentive programs including
but not limited to tax holidays, will give International companies
the necessary incentive and a competitive edge.

(iv) The Belize Institute of Technology (BIT). At its core and as the
first anchor tenant, the Science and Technology Center will feature
the Belize Institute of Technology, a joint venture with a major U.S.
university. The Institute is envisioned as a web-based electronic
campus composed of sophisticated research and training facilities
oriented to advanced information technology and related services. The
Institute will provide a unique framework for teaching and delivering
technological advancements and innovations in a tropical - green -
environment. By combining a range of the very best research and
teaching facilities with the most forward -thinking minds in the
industry, the Institute will become a hub for cross training,
networking and collaboration. The sharing of facilities at a single
location will generate exciting synergy for research and development
between related disciplines. The Company has secured a commitment
from a major U.S. university to participate in the development and
management of the BIT.

Commercial administrative offices are envisioned for corporations to
headquarter their operations near the BIT and it's super computers.
Situated behind lush tropical landscape and water features near the
entrance of the Institute, the corporate architecture will serve to
showcase the purpose of the park as a venue for advance technological
innovations.

Self-contained residential neighborhoods are located at the edge of
the Park near preservation open space and will include access to
hiking trails and equestrian facilities. Dormitory housed and
serviced apartments are provided for students and visitors alike.
Longer term family housing enclaves will offer quiet respite away
from the core facilities of the Science and Technology Park, while
remaining in close proximity to public community support uses such as
recreation fields, convenience shopping, golf and other resort
amenities of the nearby Mayan Resort.

(v) Belize Equestrian Estates. A 2,000-acre portion of the estate
will be used on the shoreline for the development of a world-class
equestrian community with two hundred (200) 5-acre Equestrian Estates
configured around generous open space corridors that are linked by
road and horse trail to a modern Equestrian Center. It will consist
of a clubhouse with guest suites, equestrian facilities, racetrack
with gaming facilities, polo-fields and stables. The Belize
Equestrian Center will be a private members club. There are currently
140 Charter membership subscriptions. Among those subscribing are
several world renown athletes and entertainers forming a solid
foundation for the goal of 2,000 members, locally and
internationally. The Company has secured the participation of an
Olympic Equistrian medal winner as an advisor for the development and
management of this equestrian center.



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