Part III - More Meet the Management 7/20/99
[14:53] [roger_35768]: Bill Black any comment on meeting OTcBB eligibily requirements
Qualifications to remain on OTC:BB are based upon disclosure of audited financials, which we will be in compliance with.
[14:03] [seefus]: Insider Trading going international.
We are looking to expand Insider Trading into all overseas markets.
[14:17] [seefus]: Is there any plan to diversify your IT client base away from solely daytraders.
The niche market on which Insider Trading currently focuses is the sophisticated, active day trader. We are putting all our energies toward this market segment at this time, however, we have not eliminated any options.
[14:21] [seefus]: Bottom Line How many clients does IT have?
We feel this information is proprietary and to provide it would be detrimental to our positioning and competitive advantage in the marketplace.
[14:26] [seefus]: How many clients?
Please see the answer to the above question.
[14:31] [seefus]: How do I convince the naysayers that IT has a future?
[14:37] [Charles_Vaccaro]: They are welcome to visit any of our current locations
[14:38] [seefus]: Is there any advertising interest from commercial clients on IT website?
We currently do not sell ad space on the IT web site, however we have not eliminated any options.
[14:41] [seefus]: When will the next free seminar be?
[14:45] [Charles_Vaccaro]: The next seminar will be after Labor Day, most likely in Garden City, NY
[14:21] [shazzam]: Mr Vaccaro - that is a very evasive - please share your goals for end of 2001
Day Trading is expected to grow by 500% in the next 5 years, and we expect to capture a significant portion of that business with online remote trading, and expansion of Insider Trading day trading offices (both company-owned and franchises).
[14:23] [shazzam]: Do you expect to be fully functional in all 50 states by end of 2001
[14:35] [Charles_Vaccaro]: Yes, we do
14:28] [shazzam]: It appears that you are saying we shareholders will be using our current online trading services for the forseeable future?
A beta release of Insider Trading's online remote day trading via the Internet (with Level II) is currently available. Interested parties can sign up for this on the Insider Trading web site.
[14:30] [shazzam]: Are you at the same desk John used last month?
Yes.
[14:32] [sickandtired]: any last words before i dump my shares?
Goodbye
[14:09] [skitrade]: Could you comment on IT's move into the "traditional" online trading arena . . . if IT is moving in that direction. Also, could you comment on IT's introducing different rate plans for Level 2 service? Thanks, Skitrade
[14:18] [Charles_Vaccaro]: We are gearing ourselves to the active, sophisticated day trader. We're focusing on this target audience.
[14:44] [sleep]: will IT offer trading in foreign securities?
Possibly, however there are no plans in the foreseeable future.
[14:48] [sleep]: what of the NYC market do we have?
We feel information such as market share is proprietary and to provide it would be detrimental to our positioning and competitive advantage in the marketplace at this time.
[14:18] [stocks]: - Are there 16 or 32 stations at IT?
There are 32 stations in Garden City, NY and 20 in Boca Raton, FL, with expansion capability to 34.
[13:57] [strongbuy]: - Mr. Vaccaro, are there 16 or 32 stations set up at IT?
[14:19] [Charles_Vaccaro]: There are 32 stations in Garden City, 20 in Boca Raton, with expansion capability to 34
[14:08] [Surfman]: How many states are licensed in now?
Gold Country Securities is licensed in approximately 35 states. Registration is pending in the remaining states and is expected to be completed in the next 30 days.
[14:14] [Surfman]: There is so much talk about people losing their fortunes in day trading. What makes your program different?
At Insider Trading, we are committed to the trader not just the trades, and we provide a very strong support and ongoing training environment.
[14:18] [Surfman]: 1st international target?
We are looking to expand Insider Trading into all overseas markets, however we have not made a final decision on our first international target.
[14:04] [teach]: Can you give us some input on the PRO FORMA
[14:15] [BillB]: proforma issues will be addressed in the next mtg
[14:01] [troy77]: What is the time frame for being licensed throughout the entire US?
Gold Country Securities is currently licensed in approximately 35 states. Registration is pending in the remaining states and is expected to be completed in the next 30 days.
[14:03] [troy77]: Will IT be another E*Trade???
We would like to have the recognition and brand awareness of E-Trade, however the basic Insider Trading service is different. Insider Trading is a remote access center, not a broker dealer.
[14:23] [troy77]: How will IT benefit the stock holders short term and long term?
[14:25] [Charles_Vaccaro]: The value of IT contributes to the value of the corporation
[14:27] [troy77]: Will you be hitting franchise trade shows to promote IT franchises?
[14:40] [Charles_Vaccaro]: Yes, specific trade shows will be part of our marketing plan
[14:45] [troy77]: Since the announcement of franchised IT offices, have you sold any franchises??
We have not initiated the franchise program yet, only the legal foundations at this time.
[14:48] [troy77]: Please don't open room... it will be chaos, stay with this format!!!
We are looking into a moderated format for all future meetings.
[14:12] [waikikian]: ..When will marketing in the rest of the country begin?
[14:27] [Charles_Vaccaro]: Marketing will begin in the next 6-12 months
[14:20] [waikikian]: When will nationwide marketing begin?
Please see the answer to the above question.
[14:29] [waikikian]: Does IT plan on opening more offices directly, or will the rest be franchised?
Insider Trading plans to expand with both company owned day trading offices and franchise locations.
[14:41] [waikikian]: Do you have an indication of success rate of IT daytraders vs. competitors?
We do not have access to other day trading firms' success rates, therefore we have no way of comparing. We are extremely pleased with the success of our traders.
[14:12] [wegrew]: will IT be an IPO ?
We can not speculate on this topic.
[14:16] [wegrew]: how can a someone investigate opening an IT office in their town ?
You can request a copy of the UFOC if you are in a state in which Gold Country Securities is currently registered.
[14:23] [wegrew]: if I wanted to open my own IT office, how would I go about?
[14:26] [Charles_Vaccaro]: The detail of how to start an IT franchise will be contained in the UFOC (Uniform Franchise Offering Circular)
[14:26] [Charles_Vaccaro]: Which will be available with the franchise program rollout
[14:25] [wegrew]: and how many people is that
There are on average 25 traders per day in Garden City.
[14:27] [wegrew]: franchise rollout to begin when ?
Franchise roll out is targeted for fall 1999.
[14:29] [wegrew]: speaking of audited financial, when can we expect to see ?
You can pose this question to Ken Christian at the next meeting on August 24.
[14:29] [wegrew]: shareholders are very unhappy with the ProForma
We're sorry that shareholders feel this way. We, on the other hand, feel PABN has great potential.
[14:37] [wegrew]: who do you consider to be your top 3 competitors ?
[14:38] [Charles_Vaccaro]: We are competing with other firms that specialize in active day trading.
[14:40] [wegrew]: and those other firms would be?
There are too many to be specific in the overall day trading market.
[14:11] [yes]: Pls. update us on Digi Bill and status on entering Nasdaq
DigiBill is currently in beta testing. We are working towards our goal of getting off OTC:BB and onto another exchange.
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