From MarketMonitor@dedicated.prserv.net Wed Mar 10 02:58:37 2004 Return-Path: Received: from sccrmhc13.comcast.net (sccrmhc13.comcast.net [204.127.202.64]) by XXXXXXXX.XXXXXXX.XXX (8.12.11/8.12.11) with ESMTP id i2AAwafB015560 for ; Wed, 10 Mar 2004 02:58:36 -0800 (PST) Received: from sccrmhc13.comcast.net (localhost[127.0.0.1]) by comcast.net (sccrmhc13) with ESMTP id <2004031010583001600gcmgre>; Wed, 10 Mar 2004 10:58:30 +0000 Received: from mx2.att.biz (c-24-8-132-210.client.comcast.net[24.8.132.210]) by comcast.net (sccrmhc13) with SMTP id <2004031010492001600hb1n0e>; Wed, 10 Mar 2004 10:49:20 +0000 X-Comment: AT&T Maillennium special handling codes - xc Message-ID: <000037c263b3$0000448d$00004db8@mx2.att.biz> To: From: "InvestorRelations" Subject: New Stock Profiled: (FCFK) Target Price $.60 Date: Wed, 10 Mar 2004 04:49:21 -0600 MIME-Version: 1.0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Reply-To: MarketMonitor@dedicated.prserv.net X-Priority: 1 X-MSMail-Priority: Normal X-Mailer: MIME-tools 5.503 (Entity 5.501) Sensitivity: Normal X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2919.6600 Status: R March Newsletter
= March Edition of The Savvy Investor
=
Each = month The Savvy Investor analysts study, research, and examine hundreds of = stocks, in an effort to pinpoint the one with the most promise. This month= 's pick: First Chesapeake Financial Corp

Symbol: FCFK

Recent Trading Range: $.33 - $.40

Near Term Rating: Market Outperform=

In Related News:

The great American rate chase has heated up again.  Average 3= 0-year rates have hit seven-month lows of 5.58 percent. More..

Americans filed applications to refinance their mortgages at their highest levels i= n seven months, and sent overall weekly mortgage activity higher for a thir= d straight week. More..

<= font size=3D"3"> Short-term yields plunged 15 basis points on job news, a move more normal= ly associated with a cut in official interest rates, while a dive in longer-= dated yields looked certain to drag mortgage rates sharply lower. More..

= Financial Analysis

Closed $1,000,00= 0.00 in new round of financing.

Total assets increased +118% last = year from $5,527,931 at December 31, 2002 to $12,090,479 at September 30= , 2003.

13 = regional offices active in seven states with applications pending in additional states.
Corporate Profile
First Ch= esapeake Financial Corp., incorporated in 1992, is a financial services comp= any providing residential mortgage products and related services to its= customers through its wholly owned mortgage banking subsidiaries. <= /font> The Company's strategy is to offer a full range of mortgage products to borrowers= of various credit levels and distribute these loans in a risk averse m= anner through either bulk secondary market sales, loan sales to specific = institutional investors, or brokering of individual loans to niche = investors.  Through this strategy, the Company anticipates pro= fitability and continued expansion with reduced exposure to interest rate and = credit risks. Reta= il operations originate loans directly from the consumer, while wholesale operations provid= e an efficient market for retail mortgage loans originated by its retail= operations, as well as through purchase of loans from third party l= oan originators.
<= P CLASS=3D"c8">Analyst <= font face=3D"Arial">Conclusion

 &nbs= p; It is widely known that lower rates are inexorably linked to high= refinancing activity, a boon for lenders. Furthermore, the official consensus indicates s= table rates persisting throughout 2004.

This looks like an explosive company with great potential based o= n historically low mortgage rates, tiny float, and the fact that insiders hold most of the O/S. ...seems they know something is ab= out to unfold...the Chart speaks for itself --BULLISH

Editing Chairman

&nb= sp;

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