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Thursday April 8, 7:47 pm Eastern Time
Internet stakes could bloom for Big
Flower -report
NEW YORK, April 8 (Reuters) - Investments made in Internet companies by Big Flower Holdings
Inc.(NYSE:BFG - news) could blossom for the advertising and marketing concern, Business Week
magazine reported in its April 19 issue.
Through its XL Ventures unit, Big Flower has made strategic investments in numerous Internet
companies, the report said. It owns 737,864 shares of Miningco.com, an online news provider that
recently went public, and 1.8 million shares of 24/7 Media, which delivers advertisements and
promotions through 100 Web sites.
It has also bought into closely held Internet players such as WorldGate Communications and NuTel
Communications.
Jan Del Giudice, an analyst at Salomon Smith Barney, said if these investments were monetized and
taxed, they would have a market value of at least $130 million, or $5 to $6 a share in Big Flower's
stock.
With the Internet play, the stock, which is now hovering around $30, could jump to $40, Del
Giudice said, according to Business Week.
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NYSE:BFG - news
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