RE: ECG/US-ENVFF Here's a decent Canadian finance link for Yahoo type info:
finance.canada.com (Registration is free)
I thought it was a wireless play, but it turns it's more of an "Online" advertising play.
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From an analyst:
"Dundee Securities Corp. analyst Tim Sorensen notes that Envoy is trying to position itself to take part in the dot-com bonanza like every other communications company but that it is still "basically a traditional advertising agency." The main risks for a mainline advertising company such as Envoy, the analyst says, is that it is not an international giant and could lose out in the consolidation of ad accounts by global advertisers."
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From the company:
"A new breed company, Envoy (www.envoy.to) is an integrated e-Marketer, digitally driven and committed to building global brands both off and on-line. In addition to Devlin Applied Design, Envoy owns leading e-Marketing agencies, Hampel/Stefanides of New York and Toronto based Communique Group, as well as the Watt Group, and FUSIONcreative. The Envoy Group's list of e-Marketing clients includes CDNow, FedEx, IMAX, MAC Cosmetics, National Discount Brokers, Ontario Realty Corporation, PhoneFree, Procurenet.com, Toshiba Canada and Toshiba America, in addition to adidas, Aer Lingus, BASF, Benjamin Moore, Bermuda Telephone, Bridgestone/Firestone, Canada Life, Castrol, Honda, LCBO, Safeway, Sprint Canada, Steelcase and Wal-Mart.
/For further information: Envoy Communications Group: Geoff Genovese, President, (416) 593-1212, geoffg(at)envoy.to; Corporate Investor Relations: Jason Mandel, (416) 599-2256, jasonm(at)envoy.to; Investor Relations Group: Steve Hanson, 1-800-444-9214; Media Relations: Beverley Hammond, (416) 593-7555 ext.366, beverleyh(at)communique.to/"
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News of recent interest:
"Envoy Launches Appstreet, Innovative Business Portal
PR Newswire - Monday January 17, 2000
Unique Portal Will Assist Software Developers in taking Business to
Business Software Applications to the $20 billion Rental Apps Market
TORONTO, Jan. 17 /CNW-PRN/ - The Envoy Communications Group (TSE:ECG), today launched Appstreet, a fully integrated, full-service Business to Business portal, which will become the destination site for web-enabled business applications. This initiative is targeted at the Rental Applications market, a market that is projected to reach the $20 billion mark by 2003. This announcement follows a recent agreement with IBM to co-market Decision Room the proprietary Rental Application of Envoy's digital company, Devlin. Devlin is already well recognized as a pioneer in the rental apps field and Appstreet is the next step in a growth strategy based on the tremendous potential of web-based software."
Regards,
-Mark |
