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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Doug Robinson who wrote (65536)10/11/1999 6:24:00 AM
From: puborectalis  Read Replies (2) of 120523
 
Take a closer look at NXCD>.....Bill Griffeth from San Francisco; Jeremy Lent; Next Card CEO: NXCD

From: Logan
Date: 06 Oct 1999
Time: 16:03:09
Remote Name: 63.17.66.143

Comments

Bill Griffeth from San Francisco; Jeremy Lent; Next Card CEO: NXCD

NXCD is growing by leaps and bounds

When asked of business will fair this holiday season Lent answers that expect 10 times the volume

NXCD customer base has really picked up since last year

NXCD estimates they have over 10M advertising spots on the Internet

NXCD is one of the top ten marketing leaders on the web that is why you will not see much advertising on bill boards or
television

They are really big on the direct response links that are posted on banners

They have about 100,000 customers for their Next Card Visa

Many analyst speculated that last year was the year for e-commerce, Lent suggest that a lot of companies like his own were
just picking up steam last year and this year will be the true indictor of expectations

NXCD customers buy 5 times more than the average credit card buyer from products sold on the web

NXCD has bought a bank this year, called Next Bank

Over the next 6 to 12 months Lent will be looking for more acquisition more on the e-commerce side

Lent states that what makes NXCD unique is that they are at the cross roads of e-commerce and Internet shopping, and since
they are connected to what its customers buy, it has a better understanding of its customer's needs

quote.bloomberg.com
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