This is a European ISP stock which has recently shown signs of life.
It changed its symbol from HTEL in July 1997.
It has basically discontinued its residential and telephone construction operations although it is still relegated to that sector in Yahoo!
So far the company's main focus is in Hungary. Per Edgar "On January 2, 1997, the Company acquired three Hungarian Internet service companies ("Internet providers"), namely, EUnet, E-Net and MS Telecom for a purchase price of approximately $1,585,000, consisting of 144,000 shares of common stock of the Company and $1,225,000 in cash."
EUnet was the leading provider of leased line Internet
services in Hungary. E-Net was recognized as the premier
developer of Web sites in Hungary, providing content, design and
database functions, as well as Web site hosting services. MS
Telecom was one of the largest providers of dial-up Internet
access services in Hungary.
Per its latest 10Q in Sept 1997 EWEB earned:
-.10 for the Q
-.54 for the 1st 9 months
This compares to 1996
-.67 for the Q
-1.19 for the 1st 9 months
As of 9/30/1997 Shares Outstanding are 4.68M, Float is around 3.4M
The company is incorporated in Delaware, and is NASDAQ listed and fully reporting to the SEC. (rare for these kind of Internet plays!)
EWEB also filed for an extension for the 10K as of 3/20/1998
Address: 445 Park Avenue, 15th Floor
New York, NY 10022
Phone: (212) 758-9870
Frank R. Cohen,
Chmn./Secy./Treas.
EuroWeb currently employs 36 persons; four in management,
thirteen in sales and marketing, eight in graphics and Web
development, seven in networking operations and four in
administration.
Please add any info you see fit.. this stock seems to have gained some attention in the past week, and seems on the way to profitibility. |
