TheSUBWAY.com Announces Investment Opinion on Destiny Media Technologies, Inc., Vertical Computer Systems Inc., XO Communications, Inc., California Amplifier, Inc. and StemCells, Inc

Business Wire, June 8, 2001

Business Editors

NOTE TO EDITORS: The following is an investment opinion issued

by TheSUBWAY.com.

WESTON, Fla.--(BUSINESS WIRE)--June 8, 2001

TheSUBWAY.com is pleased to announce the following Investment Opinions on: Destiny Media Technologies, Inc. (OTCBB:DSNY), Vertical Computer Systems Inc. (OTCBB:VCSY), XO Communications, Inc. (Nasdaq:XOXO), California Amplifier, Inc. (Nasdaq:CAMP) and StemCells, Inc. (Nasdaq:STEM).

Destiny Media Technologies, Inc. (OTCBB:DSNY) Previous Close Down 4% to .24 on volume 71,300 Shares: ACCUMULATE

Destiny Media Technologies, Inc. (OTCBB:DSNY) just announced that the Clipstream and VideoClipstream playerless, java streaming technology has been successfully tested on the Symbian Epoc emulator.

DSNY is new to TheSUBWAY.com. CRG is initiating an intense public relations campaign to alert new, experienced investors of this opportunity. CRG also feels that DSNY could be trading over the 1.00 mark in the short term. Keep an eye on DSNY for more interesting news in the future.

DSNY also just announced that their strategy to sell the Clipstream and VideoClipstream playerless java streaming technology into advertising networks is starting to show early success.

DSNY comes into play to the fact that advertisers are demanding the richer user experience of streaming media and many portals are turning to richer versions of the banner ad to help address slumping advertising revenues.

Vertical Computer Systems Inc. (OTCBB:VCSY) Previous Close: Up 8% to $0.042 on vol. 8,750,800 Shares: ATTRACTIVE

Vertical Computer Systems Inc. (OTCBB:VCSY), Epsylon Technologies Inc. and Taurus Global LLC announced the formation of Wireless Learning Systems LLC (WLS). Vertical will control a 51% interest of the LLC in exchange for providing an initial $100,000 working capital loan and applying for a $2.5 million federal grant. WLS intends to provide low-cost, rapidly deployable and fully interactive school and corporate classroom wireless educational systems, featuring a device on every student's desk similar to a PDA (personal digital assistant) enhanced with 'smart' technology from Vertical and Epsylon.

The Software & Information Industry Association's '2000 Research Report on the Effectiveness of Technology in Schools' has projected U.S. K-12 school technology spending to be $6.2 billion in 1999-2000. In addition, there is a tremendous need for educational systems in developing countries worldwide.

Vertical Computer Systems Inc. is a leading provider of Web-based multilingual gateways, developer of proprietary software and e-commerce solutions. Utilizing its growing global network of online HCGs, the company offers B2B, B2G and B2C solutions through its wide range of accessible resources that specifically cater to the needs and desires of targeted communities around the world. VCSY has also acquired Globalfare.com -- a complete online travel information center at www.globalfare.com.

XO Communications, Inc. (Nasdaq:XOXO) Previous Close: Up 6% to $3.14 on vol. 4,956,500 Shares: ATTRACTIVE

XO Communications, Inc. (Nasdaq:XOXO), one of the nation's fastest growing providers of broadband communications services announced the closing of the previously disclosed $250 million investment by Forstmann Little & Co. in XO. In conjunction with the investment, XO issued 50 million shares of its class A common stock and amended the terms of the preferred stock held by Forstmann Little to reduce the conversion price from $31.625 to $17.00 per share.

Since 1978, Forstmann Little has made 28 acquisitions and significant equity investments, returning billions of dollars to its investors. The firm's best-known investments include Gulfstream Aerospace, General Instrument and Ziff-Davis Publishing.

XO Communications recently announced it has opened a new hosting data center in Fremont, California, providing businesses with hosting services. XO has assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO Communications is one of the world's leading providers of broadband communications services. XO currently offers facilities-based broadband communications services in 62 markets throughout the United States. The Company is also one of North America's largest holders of fixed broadband wireless spectrum, with licenses covering 95 percent of the population of the 30 largest U.S. cities.

California Amplifier, Inc. (Nasdaq:CAMP) Previous Close: Down 1% to $5.0 on vol. 2,952,700 Shares: ATTRACTIVE

California Amplifier, Inc. (Nasdaq:CAMP) has been advised by the Nasdaq Listing Qualifications Panel that it is of the opinion that the Company has evidenced full compliance with Nasdaq's filing requirements as well as compliance with other requirements for continued listing on the Nasdaq National Market. Accordingly, the Panel determined to continue the listing of the Company's securities on the Nasdaq National Market.

California Amplifier recently reported results for its fourth quarter and audited results for fiscal year 2001. Sales for the fourth quarter ended March 3, 2001 were $26,477,000 as compared to $27,826,000 for the fourth quarter of the prior year. Net income for the fourth quarter was $400,000, or $0.03 per diluted share, as compared to a net loss of $5,664,000, or $0.46 per share for the fourth quarter of fiscal year 2000.