Public Analysis & Review Announces Investment Opinion on Showstar
Online.com, Inc.
NEW YORK, Feb 8, 2000 (BUSINESS WIRE) -- SPECULATIVE BUY RATING on
Showstar Online.com, Inc. (OTCBB: ABID)
issued today in initial report by PAR analyst with a twelve-month
target price set at $4. The PAR Report, distributed
by Investrend Research, is available at www.investrend.com. An
initial PAR Report on Artstar Online.com, Inc. (OTCBB: ABID) by PAR
analyst Gerald F. LaKarnafeaux, CFA, was issued by Investrend Research
for Public Analysis & Review (PAR), the unique professional independent
analyst program administered by the non-profit Investors Research
Institute, Inc. The Initial Report is available at www.investrend.com.
John M. Dutton, Investrend Research president, noted that the February
7, 2000 PAR report written by Mr. LaKarnafeaux, CFA, details how the
Company has positioned itself as the emerging leading art portal on the
Internet. The stock recently closed at $1.34.
Mr. LaKarnafeaux concludes: Showstar Online.com Inc. is recommended as
a highly speculative buy with a twelve-month target price of $4.00 per
share. The reasons for the recommendation follow:
1. The online art market, estimated to exceed $1.0 billion, is
highly fragmented with relatively few leadership candidates.
Artstar.Com has an excellent opportunity to become recognized as
the Internet portal to the art world.
2. The Company has developed a web site that the art enthusiast, the
neophyte, and the professional will regard as the portal of
choice because of its technical sophistication and the breadth
and depth of its content.
3. The Company's web site provides numerous revenue generating
opportunities in the form of auctions and fixed price art sales,
professional fees and other services.
4. The Company's stock is undervalued relative to numerous public
companies in similar positions of competitive advantage in their
respective vertical markets. Our twelve-month price target of
$4.00 per share could be achieved in considerably less time in
the event the Company secures an investment banking relationship
that results in a secondary offering.
Mr. LaKarnafeaux, CFA, during the past 30 years, has held senior
positions in international and regional investment banking firms as a
securities analyst, portfolio manager, and director of corporate
finance. Mr. LaKarnafeaux is a principal of the consulting firm,
KeyRatios, Inc. that assists early stage private and public companies
in the areas of corporate valuation and capital formation. He has been
an active member and officer of regional chapters of the Financial
Analyst Society, The Corporate Finance Council, and the American
Society of Appraisers.
Please read PAR disclaimers found on Investrend web site
(www.investrend.com) before investing. Public Analysis & Review (PAR)
is a program of the Investors Research Institute, Inc. (IRI), a
non-profit membership organization for individual investors and others
advocating higher standards of "accessibility", "scrutiny" and
"disclosure" for public companies. Anyone, including a company, may
enroll a company for coverage. PAR reports are performed on behalf of
the members of the Institute, and are not a service to any company. PAR
analysts are responsible only to the public, and are qualified and
assigned solely by the Institute, separate from the fiduciary entity,
which is Investrend Communications, Inc. (IRIK), a public company in
registration and financial administrator for the non-profit Institute.
PAR analysts are paid in advance to eliminate pecuniary interests and
insure independence. PAR enrollment fees are $17,500 per annum.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Showstar Online.com, Inc., Kirkland
Barry Forward, VP - Investor Relations
Phone 888/616-9333
or
Investrend Communications, Inc., Los Angeles
Investrend Research Div.
John M. Dutton, President and Supervisory Analyst
Phone 213/929-2616
Fax 213/623-4590
e-mail: jmdutton@mediaone.com
Web site: www.investrend.com.
TICKERS: OTCBB:ABID
WEB PAGE: businesswire.com
GEOGRAPHY: NEW YORK
INDUSTRY CODE: INVESTMENT
OPINION
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