(Applies to: EINC EBAY ETEK SDTI KIDE EGRP RHAT APLX BVSN FRTE GRIN NTPA IDTC MCLD RIMM SFA)
Free Real-Time News For EquityAlert.com Subscribers; Research Coverage
By Oxford Barnes
SCOTTSDALE, Ariz., Sep 7, 1999 (BUSINESS WIRE) -- EquityAlert.com(OTC
Bulletin Board:EINC) EquityAlert.com, Inc. (Symbol: EINC), one of the
fastest growing online trader exclusive communities, today announced
the availability of free real-time public company news, as well as the
top high technology, business, and finance news stories of the day.
Through a proprietary data distribution mechanism, EquityAlert.com will
enable its subscribers to receive pertinent public company news,
ranging from mergers and acquisitions to earnings announcements, thus
allowing accomplished investors to take advantage of potential time
sensitive, news driven price movements in the companies that they own
or plan to own.
"The availability of free real-time news is an important part of the
ongoing evolvement of EquityAlert.com," states Mr. Gurm Kundan, Vice
President of EquityAlert.com. "As always, we're making available
compelling, pragmatic and timely information to the pro-active trader,
not just journalistic banter or stale regurgitations."
Mr. Kundan continues, "This core philosophy has resulted in a
tremendous surge in our subscriber base. Since launching on June 7th,
exactly three months ago, EquityAlert.com has grown to over 135,000
subscribers - a level that is almost twice the size of the Street.com.
At this rate, we'll surpass even the most popular websites within a
short period of time. The RagingBull.com, for example, took one year to
go from 7,500 members to a recent 200,000, and the SiliconInvestor.com,
which was established four years ago, only just recently passed the 150,
000 member mark."
The growth in EquityAlert.com subscribers is being fuelled in part by
the strong demand for EquityAlert's compelling and pragmatic financial
information, and by the continued rise in online trading accounts.
According to a recent survey conducted by Gomez Advisors, an estimated
3.5 million investors intend to open online stock trading accounts in
the next 180 days alone, increasing the current total from 5.1 million
to 8.6 million individual online investors, representing an annualized
growth rate of 136 percent. This growth is expected to continue into
the year 2002, when 24 million individuals are expected to be investing
online.
OXFORD BARNES BEGINS RESEARCH COVERAGE
"The Internet is the great equalizer. Never in history could a
little, unknown entity like EquityAlert.com, Inc. gain such market
prominence in such little time," states Mr. Mandeep Virdee, an analyst
with London, UK, based Oxford Barnes Equities Ltd. "Despite not having
the 'first mover advantage', EquityAlert's savvy management team has
delivered exactly what the most sought after audience - the online
investor - wants, and has done so with surgical-like precision.
"At a recent market price of around $19.00 per share, the Street.com
has a market capitalization of $451 million or $6833 per subscriber. If
EquityAlert.com had an equivalent valuation, the Company's market
capitalization would be approximately $820 million or around $20 per
share. With a current market cap of approximately $165 million, we
believe EquityAlert.com to be grossly undervalued, representing
immediate opportunity for the aggressive investor."
Mr. Virdee continues, "Based on EquityAlert.com's efficient use of
capital and technology, solid prospects of continued rapid expansion in
a marketplace growing at a triple digit rate and a proven and
innovative management team, we confidently expect EquityAlert.com to
surpass our short term target price of $10.00, and possibly reach a
fair valuation of around $20.00 per share before mid-year 2000.
"Going forward, we expect EquityAlert.com to attain the largest market
share of any financial website within a matter of a few quarters,
making it a potential target for an E-Trade or other financial services
company looking to quickly acquire market share or customers."
ABOUT EQUITYALERT.COM
EquityAlert.com, a wholly owned online asset of EquityAlert.com,
Inc., was developed exclusively for sophisticated, pro-active online
investors.
Subscribers to EquityAlert.com's free service enjoy a broad suite of
trading tools, including IPO information, news, stock quotes, earnings
surprises, stock splits, SEC filings, analyst coverage, upgrades and
downgrades, sophisticated trading screens, customizable interactive
intra-day trading charts, a peer group consensus of the biggest
expected movers (both up and down), and EquityAlert.com's proprietary,
"real time" commentary of the reasons behind the biggest movers of the
day - while they're happening - allowing accomplished investors to take
advantage of stock moves during the initial crucial minutes and hours
of huge momentum moves.
Each week, EquityAlert.com's research staff report nearly 1,000 timely
commentaries on the market's biggest movers; both up and down. Among
the companies highlighted recently were Red Hat, Inc. (NASDAQ: RHAT),
Applix, Inc. (NASDAQ: APLX), BroadVision, Inc. (NASDAQ: BVSN), eBay
Inc. (NASDAQ: EBAY), Forte Software, Inc. (NASDAQ: FRTE), E-Tek
Dynamics, Inc. (NASDAQ: ETEK), Grand Toys International (NASDAQ: GRIN),
Netopia, Inc. (NASDAQ: NTPA), IDT Corporation (NASDAQ: IDTC),
McLeodUSA, Inc. (NASDAQ: MCLD), Research In Motion Ltd. (NASDAQ: RIMM),
Security Dynamics (NASDAQ: SDTI), Scientific-Atlanta, Inc. (NYSE: SFA),
4 Kids Entertainment Inc. (NASDAQ: KIDE) and VeriSign, Inc. (NASDAQ:
VRSN).
Mr. Dave Ferdinand of Ontario Canada, comment, "The problem I see with
most financial websites is that most offer the same information
displayed differently. Thank you EquityAlert for doing something
different...this benefits all of us as investors and for that we all
owe you for your dedication to this site." Mr. Harry O'Brien, an active
investor states, "I found your web page and fell in love with all the
investment tools that you have. I found that this site is the most
complete that I have found. I spend about three hours a night looking
for good stock buys, and now I have found a site that gives me
everything that I need."
For additional information or to become a free subscriber to
EquityAlert.com, please visit our website at equityalert.com
or contact Gurm Kundan at 604-659-5009.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained herein which are not historical
are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward-looking statements, including, but not
limited to, the Company's ability to market its products and services
and future customer acceptance for these products and services and
other risks detailed from time to time in company documents furnished
to investors.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: EquityAlert.com, Inc.
Gurm Kundan, 604/ 659-5009
Website: www.equityalert.com
WEB PAGE: businesswire.com
GEOGRAPHY: ARIZONA |
