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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Ed Swanson who wrote (85141)	7/19/1999 1:13:00 PM
From: Ie Coan Bie	Read Replies (1) of 119973

ELCO + WITC news July 19, 1999 12:43 Elcom International, Inc. Engages Wit Capital as its Investment Bank Jump to first matched term Wit Capital to Evaluate Options for elcom.com, Elcom's Internet Subsidiary NORWOOD, Mass., July 19 /PRNewswire/ -- Elcom International, Inc. (Nasdaq: ELCO) today announced that it has engaged Wit Capital Corporation (Nasdaq: WITC) as its investment bank and strategic advisor for the purposes of assisting the Company in evaluating strategic options for elcom.com, inc., the Company's wholly-owned eBusiness subsidiary. Wit Capital Corporation ("Wit Capital") will review strategic financing options, potential strategic partners, and possible financing alternatives including an initial public offering of elcom.com. Wit Capital is a leading Internet-oriented, on-line investment banking firm that electronically distributes offered shares over the Internet to its customers. Wit Capital has participated in over 50 equity underwritings in 1999. "Wit Capital is looking forward to working with Elcom International," said Robert Lessin, Chairman and Co-CEO of newsalert.com Abi Wit Capital.

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