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Technology Stocks : Next Net Stock: "NDSS"

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To: Ann Rand who wrote (8)5/4/1998 1:49:00 PM
From: Andrew G.  Read Replies (2) of 11
 
Spoke with NDS software officials today. Let me say first that I am a long term investor in NDSS and feel the stock will move up long before profitability just as many other internet stocks have done. EPS will be breathtaking IMO by Y2K.

Currently about 7M shares out and 3.5M float. ~9 money makers. ~10% institutional holdings of outstanding shares. $5M pp to be completed in May and will get full Nasdaq listing. Looking for profitability within 12 months. Established alliances with 3 top online mortgage firms: E-Loan (with Yahoo), Finet, Homeshark. Derives primary income from online advertising and referral fees. ($100-250/loan). Opticom inc., purchase will be determined after completion of final audit. Opticom is approximately breakeven but synergy with NDS software would enhance profitability for both businesses. Hits on their Homeseekers site number in millions/month. Only real estate website updating MLS (multiple listing service) on daily basis. Also has English/Spanish translation. Comparison to Cyberhomes competitor: NDS feels their Homeseekers.com site offers more pleasing consumer experience (less cluttered), easier to use. Top mortgage companies have their agents available on Homeseekers site. Their Net'98 product is tied in to the intranet (Citynet product) allows agents to work with homebuyers to narrow their home choices to a few houses and allows agent to present the best CMA (comparative market analysis) for clients. This product is installed on PCs sold by IBM to the agents. This whole area of online mortgages just broke new ground in past 9 months.
Currently providing listings for 70% of the market 37 largest metropolitan areas. Will be making big additions to database in coming months.

Officers just returned from presenting at NAR (National Assoc. of Realtors convention). Expect news releases on a regular basis from this company. (almost weekly).

Very pleasant and accessible people.


1-800-421-3069
Greg Johnson, CEO and chairman
Doug Swanson, Vice chairman
Scott Barry, CFO also answers investor questions

FORM 10-SB on NDSS is available:

sec.gov

NDSS NDS software
Corporate website: ndss.com
Yahoo news and quote: quote.yahoo.com
Customer website: homeseekers.com
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