Company Name: Intasys Corporation
Exchange: Nasdaq:
Symbol: INTA
Closing Price: Fri..Jan 7th. $7.72
52 week: High $7.94 Low $2.63
Started coverage: Jan. 2nd 2000 at $5.40
Shares issued:16,415,000 million
Intasys Home Page:Web site under renovation: intasys.com
D & D Site: quote.yahoo.com
interWAVE Communications IPO Hoover`s Online: hbn.hoovers.com
interWAVE Communications Homepage: iwv.com
Mamma.com: mamma.com
TEC Corporation: arlingsoft.com
Intasys Corporation is showing obvious signs of early success in their Incubator's divisions first Investment and IPO which
has brought the Institutional investors notice as it passed through and closed above its old high Friday Jan. 7th. Their
investments in interWAVE Communications International LTD.(Whisper IPO- set for possible 26th. January) and 69%
interest in Mamma.com, a meta search engine, (Whisper IPO- coming in the 1st. half of 2000) along with their latest 35%
interest in TEC Corporation of Canada (a B-2-B play) are bringing in new investment monies which will continue to propel
the share price higher in line with Company`s portfolio. interWAVE Communications International LTD.- IWAV is 24%
owned by Nortel Networks, IPO underwriters are SSB, BOA and SG Cowen.
Intasys announced that its incubator division, recently created in order to provide investment capital and management
counsel to cutting-edge Internet, e-commerce and wireless telecommunications ventures, had invested US $5.05 million in
interWAVE. Pursuant to this investment Intasys acquired 715,000 preferred shares (each convertible into one common
share) and common share purchase warrants which entitle Intasys to purchase a further 715,000 common shares at $1
each.
Other recently announced Intasys investments include a 69.1% stake in the top-rated and rapidly growing meta search
engine, Mamma.com as well as a 35% interest in TEC TechnologyEvaluation.com Corporation a sophisticated
web-based provider of objective, user driven, research, market analysis and decision making tools to IT professionals.
"Both of these recent investments continue to be very exciting. Mamma.com is growing at a rate ahead of our projections,
to almost 4.1 million unique visitors in November, 1999. Meanwhile, TEC continues to add to its already impressive list of
major corporate clients. It is likely that these two companies will themselves each become a candidate for an IPO in the
not too distant future", concluded Steve Saviuk, CEO. |
