<PAGE>
------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0362
Expires: December 31, 2001
Estimated average burden
hours per response ....... 1.0
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
[X] Form 3 Holdings Reported
[X] Form 4 Transactions Reported
________________________________________________________________________________
1. Name and Address of Reporting Person*
Matsen Jeffrey R.
________________________________________________________________________________
(Last) (First) (Middle)
2030 Main Street, Suite 550
________________________________________________________________________________
(Street)
Irvine CA 92614
________________________________________________________________________________
(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
IJNT.Net "IJNT"
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
05/00
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Executive Vice President
------------------------
________________________________________________________________________________
7. Individual or Joint/Group Filing
(Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
________________________________________________________________________________
<PAGE>
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 3 3,500
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 07/08/99 P 1,000 A $5.841 4,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 08/05/99 A(1) 5,000 A $4.218 9,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 10/08/99 A(2) 50,000 A $2.843 59,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/16/99 G(3) 6,000 G(3) 53,500
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/16/99 G 1,000 G 53,500 I *as guardian for
minor son
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/18/99 S 1,000 D $5.50 52,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/18/99 S 1,000 D $5.375 51,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/18/99 S 1,000 D $5.21875 50,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/18/99 S 1,000 D $5.375 49,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 11/18/99 S 1,000 D $5.40625 48,500 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 12/16/99 S 1,500 D $9.9375 47,000 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 02/01/00 S 1,195 D $10.1875 45,805 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4 02/04/00 S 3,000 D $9.9375 42,805 D
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
SEC 2270 (3-99)
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common
Stock Option 5 (4) 02/29/00 A 200,000 (4) 3/30/2010 Stock 200,000 D
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) Received in exchange for services rendered valued at $21, 090.00.
(2) Acquired pursuant to a Letter of Employment pursuant to the Employee
Bonus Plan.
(3) Gift of 1,000 shares each to six adult children not living in same
household.
(4) An option to purchase 200,000 shares of the Company's Common Stock was
granted on 2/29/00 with the first 40% vesting on 3/30/00 at a price per
share of $3.00 and the 60% remaining to vest 30% on 3/30/01 and 30% on
9/30/01 at a price per share of $10.812.
/S/ Jeffrey R. Matsen June 16, 2000
--------------------------------------------- -----------------------
**Signature of Reporting Person Date
JEFFREY R. MATSEN
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2
