Yeah Right,,,hehe look at this. It sure seems like it is a function designed to revive the PINKed stocks by crerating some type of market for them.
PennyPI.com Launches Web Site With Research On 6,400+ Non-Listed
Securities
( BW)(MS-PENNYPI.COM) PennyPI.com Launches Web Site With Research On
6,400+ Non-Listed Securities
Business Editors
RIDGELAND, Miss.--(BUSINESS WIRE)--Feb. 16, 2000--PennyPI.com, a
Ridgeland, Mississippi based internet startup, has launched a
financial services web site that stands to drastically reduce the
risk
traditionally associated with investing in micro cap securities or
"penny stocks" (publicly traded stocks not listed on the major
exchanges).
The site, pennypi.com, offers independent, unbiased
information on more than 6,400 penny stocks currently trading on the
Over-The-Counter Bulletin Board (OTCBB) and the "Pink Sheets". It
is
the first ever, unbiased "one stop shop" for pro-active or potential
investors to gather information on a "penny stock" company without
spending excessive time, money or energy.
The information available at pennypi.com ranges from
Public Records, Management Reports, Company Financials, Event
Timelines, Stockstats, Microcapsules, Fraud Searches and On-Site
Corporate Tours to basic financials tools such as Quotes/Charts, News,
Message Boards and Live Chat. PennyPI.com has added new features
recently such as Daily Briefs (Morning Movers and BB's at the Bell),
Promotion Alerts, OTCBB Most Actives and an Event Calendar that will
allow the investor to stay current on stocks with abnormal volume
and
price spikes and create awareness of promotions by different
companies. PennyPI.com investigators work round the clock to gather
in-depth data and other intelligence not readily available to the
average personal investor or day trader without hours of tedious
research. PennyPI.com also uses state of the art technology to
maintain a "watchdog" infrastructure that continually gathers and
processes valuable information including information "penny stock"
companies submit through PennyPI's unique PPIWire feature.
In recent years the "penny stock" market has been notoriously
linked to numerous incidents of fraud and manipulation to the extent
that micro cap fraud has become a serious concern for the Securities
and Exchange Commission (SEC). Micro cap fraud often involves schemes
such as "pump and dump" operations, in which unscrupulous brokers
and
promoters create interest in a security by disseminating false or
misleading information about the issuer via oral statements, press
releases or the Internet. The fraudsters then dispose of the stake
at
an inflated price while leaving the unknowing investor "holding the
bag."
PennyPI.com executives believe the risk associated with investing
in "penny stocks" stems from a simple lack of sufficient, accurate
and
timely information. "This service is going to help reduce the risk
and
anxiety associated with "penny stock" investing for our customers,
"
stated Greg Ballard, Vice President." Before PennyPI.com, a "penny
stock" investor might trade ten different companies in hopes of one
making it big. With our service, the investor can receive the basic
information quickly and easily enough to make an educated investment
decision and thereby increase the odds of a successful investment,
"
added Ramsey.
The company is targeting Internet users who are pro-active
investors or day traders - and invest or research investments online.
Additionally, aside from the obvious contact with OTCBB companies
and
their IR firms, the company plans to market their data to Market
Makers and brokerage firms in need of research for their clients
before making sizable stock purchases.
Recent Daily Briefs and Promotion Alerts on active OTCBB and Pink
Sheet issues include Advanced Viral Research (OTCBB:ADVR), Stacey'
s
Buffet (OTCBB:SBUFQ), E-Prime Aerospace Corp. (OTCBB:EPEAE), Ants
Software.com, Inc. (OTCBB:ANTS), Veridien Corp. (OTCBB:VRDE), Usci,
Inc. (OTCBB:USCM), Staruni Corp. (OTCBB:SRUN), Norstar Group, Inc.
(OTCBB:NSTG), 1st Miracle Group, Inc. (OTCBB:MVEE), MeltroniX, Inc.
(OTCBB:MTNX), MOAT-Castleguard Energy, Inc. (OTCBB:MOAT), Softlink,
Inc. (OTCBB:SFLK), Electronic Identification, Inc. (OTCBB:EISQ), China
Continental, Inc. (OTCBB:CHCL), American Diversified Group
(OTCBB:ADGI), 21st Century Technologies, Inc. (OTCBB:TEXN), Oilex,
Inc. (OTCBB:OLEXE), Arete Industries, Inc. (OTCBB:ARET) and Talk
Visual Corporation (OTCBB:TVCP) to name a few.
For additional information about PennyPI.com, please visit our
web site at www.pennypi.com or email at info@pennypi.com or call
601/978-3399.
--30--AR/na*
CONTACT: PennyPI.com
Chris Meyers, 601/360-9491
KEYWORD: MISSISSIPPI
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET |
