NTXY (Nettaxi), an undiscovered gem, way undervalued member of the Online Communities sector which includes GCTY, XMCM, TGLO, is an extremely compelling buy at this price level. The float is only 1.9M, and apparently, quite a few investors already seize the opportunity today to buy the stock. It closes at 8 5/8, up 30.19% at days high on record volumes. NTXY ranks number 33th on the 100 hot website list, behind Xoom and Geocities but ahead of TheGlobe and Ziff Davis.
hot100.com
North Coast Securities today initiate coverage of NTXY with buy recommendation:
quote.bloomberg.com.
Thursday January 28, 1:29 pm Eastern Time
Company Press Release
SOURCE: North Coast Securities Corporation
North Coast Securities Initiates Coverage of Nettaxi Online
Communities, Inc. (OTC Bulletin Board: NTXY) with Buy Recommendation
CAMPBELL, Calif., Jan. 28 /PRNewswire/ -- The following has been issued by North Coast
Securities Corporation, a member of the
National Association of Securities Dealers, CRD # 35982:
North Coast Securities Analyst Erin Burpee has initiated coverage of Nettaxi Online
Communities, Inc. with a buy recommendation.
''We view this company to be an undervalued participant in the rapidly growing Internet
arena. With one-third of all e-mail users
considering themselves part of a community, Nettaxi should profit from their ability to
provide dynamic, theme-based web
communities for their users. Internet users find community sites exceptionally appealing as
they provide a powerful launching point
from which to explore a variety of Internet activities while permitting users to control the
site's appearance. The Nettaxi Community also allow its 'citizens' to create their own home
page with free access to the site's Home Page Builder.
''Nettaxi has won numerous accolades, including the 33rd spot on the Hot 100 Best Web Site
List, one position higher than The Globe
online community (January 20, 1999). The Company was also awarded 44th place on the
Media Metrix/PC Meter 500 list, based upon
the number of unique visitors to its site. The Nettaxi website, www.nettaxi.com, is presently
receiving over 70 million impressions per month.
''Unique amongst other online communities is Nettaxi's CD-ROM Internet tutorial, 'Internet
the City.' Designed for new Internet users, this quick and easy animated guide to the Internet
presents a 3D tour using interactive demonstrations and a series of digital movies. Not only
does ''Internet the City'' act as a powerful marketing tool; ITC also allows users to connect
to the Internet, guiding them directly to the Nettaxi site.
''Most notably, Nettaxi recently announced an alliance with Apple Computer, Inc. (1/20/99).
Along with other leading software
providers, Nettaxi will include its product in the Internet Curriculum Connection bundle
offered to iMac customers at point of
purchase. Nettaxi's innovative 'Internet the City' CD-ROM, will help educate teachers and
students about all facts of the World Wide
Web. Partnering with Apple Computer and receiving product exposure via Apple's popular
new iMac, creates an enormous opportunity
for Nettaxi to provide the leading educational tool for K-12 users.
''We recommend purchase of NTXY shares based upon management's technological
expertise, commitment to building brand loyalty
on the Web and ability to strike further alliances with key ISPs, Internet advertisers and other
computer hardware and software
manufacturers. Nettaxi is the only Online Community company offering an instructional
product like the ITC CD-ROM, allowing the Company to capture mole new users and drive
them to the Nettaxi site.''
SOURCE: North Coast Securities Corporation |
