EINI UPDATE:
>Hot Microcaps in Y2K
>
>We kicked off year 2000 with a bang as many of our picks have
>generated some great returns and our most recent stock to watch,
>Entertainment Internet (Pink Sheets: EINI), is looking to join the
>ranks of our top performers.
>
>After our Special Situation Report, EINI reached a high of $1.85 per
>share from $1.15 and after Friday's close, the stock rests at $1.28 on
>600,100 shares traded. Strong volume surpassing 1-year highs in
>absence of any news is a strong sign that we're on track for more
>gains. EINI's move outside the bollinger bands and stochastics beyond
>the 75 level also confirm a continuation of the upward trend.
>
>As you already know, Michael Jay Solomon is one of the most respected
>names you can find in the entertainment industry and his business plan
>provides for large gains in revenues, increased profitability and a
>restructured balance sheet. Solomon will initially be responsible
>for the expansion and diversity of The Entertainment Internet's core
>business, Castnet.com.
>
>Solomon states, "Acknowledging the recent activity between the
>entertainment marketplace and the Internet, I am looking forward to
>drawing upon my resources and affiliates to build an organization of
>global proportions," said Solomon. "Together we are building a team
>to develop Castnet.com services in New York, Paris, Rome and Latin
>America and expect the Castnet.com sites to be the focus for the
>entertainment, fashion and leisure industries."
>
>The Entertainment Internet:
>
>"The Entertainment Internet", Inc. was founded in 1994 to provide
>online electronic information services for the entertainment and
>media industries. In August 1997, the company introduced a fee-based
>service called CastNet, enabling actors, aspiring agents, and casting
>directors to exchange casting information and to communicate on a
>confidential basis through the Internet. CastNet has developed a
>virtual community of 32,500 working actors, 280 casting offices and
>175 guild franchised talent agencies.
>
>Every day, electronic casting notices (breakdowns) are posted on
>CastNet.com, which allows agencies to instantly submit their actors
>rather than sending hard copy packages via messenger. A commercial
>casting director recently received over 1,700 electronic submissions
>within a few hours of posting a national commercial breakdown on
>Castnet.com. In addition, casting directors may also search for
>actors on the system's powerful search engine by typing in any word
>that may appear on an actor's resume. The actor portfolios
>(headshots, resumes, video/audio) that match the search criteria
>instantly appear on the computer screen. The main revenue stream for
>CastNet is generated from the actor's memberships that are now
>offered at $49.95 a year.
>
>The Bottom Line:
>
>It's obvious that CastNet.com provides the casting industry with a
>much needed solution that enables its participants to save time and
>money. It's no surprise that the Company has attracted the lion's
>share of working actors, casting offices and talent agencies.
>Furthermore, CastNet.com enjoys the top market position - a very
>important key success factor in the fast paced environment of
>information technology where the strong get stronger and the weak
>get eliminated. It is difficult for smaller industry participants to
>overtake the #1 rival with greater market share, greater economies of
>scale, a lower cost of capital and as a result, greater access to
>capital.
>
>With Michael Solomon on board, financiers will be chomping at the bit
>to provide the Company with all the capital needed for growth avenues
>that will extend beyond CastNet.com. Why? Because financiers know
>that betting on the right individual will likely be the most important
>factor in achieving long-term success. As you have already read,
>Michael Solomon has a very impressive track record and the passion
>to make a business fly. I expect Solomon will be decisive in growing
>EINI and assuming plenty of financial backing, acquisitions are likely
>to play a significant role. As I mentioned in our last transmission,
>I purchased a position in EINI and I still hold every share. Keep
>the stock on your radar and enjoy the action.
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