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Analysts Coverage
  Disclaimer:
Xentel DM Incorporated is followed by the analyst(s) listed below. Please note that any opinions, estimates or forecasts regarding Xentel's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Xentel or its management. Xentel DM Incorporated does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

July 9, 2003
 
Northern Securities Inc.
 
Special Situations Analyst: Bob Leshchyshen, MBA, CFA

150 York Street Suite 1800
Toronto, ON  M5H 3S5

Telephone: (416) 644-8124
Email: bleshchyshen@northernsi.com

December 19, 2002
 
Sprott Securities Inc.
 
Analyst: Heather Hatch
 
Royal Bank Plaza, Suite 3450
South Tower, PO Box 63
Toronto, ON  M5J 2J2

Web: www.sprott.ca

June 26, 2002
 
Acumen Capital Partners
 
Analyst: Brian D. Pow, MBA
Vice President Research & Technology Analyst
 
Telephone: 403-571-0300
Email: bdp@acumencapital.com
Web: www.acumencapital.com

Research Report: www.acumencapital.com/top_resea1.html

December 17, 2001

Working Capital Capital Corporation

Analyst: Christopher Gulka, CA, CFA

Telephone: 403-262-2803
Email: chrisgulka@workingcapitalcorp.com
Web: www.workingcapitalcorp.com

September, 2001

BUY LOW SELL HIGH

Al Budai, Editor

Analyst: Grant Robertson

Telephone: 250-554-3101
Email: info@stockreviews.com
Web : www.stockreviews.com


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