ECNC NEWS MAR 08!!!
Independent Financial Reports Announces 4th Investment Opinion on eConnect.
CHICAGO, Mar 8, 2000 (BUSINESS WIRE) -- Independent Financial Reports Announces
4th Investment Opinion on eConnect. (OTC BB: ECNC)
Independent Financial Reports, Inc. (IFR) is an independent research corporation
dedicated to tracking the best values on the market. Most specifically stocks
with the greatest potential for growth in the short and long term.
eConnect's growth has performed equally or outperformed all stocks on the
NASDAQ, NYSE, and AMEX's top ten for an entire week's trading, receiving the
majority of its investments from institutional investors. And with yesterday's
press release to 60 countries around the world in 12 different languages,
eConnect will now capture the attention of institutional and private investors
world-wide.
In consideration of eConnect's ever increasing global recognition as the new
powerhouse in the emerging technology sector, eConnect is very quickly rising to
the target of $12 a share by 3/08/2000, and should easily reach $20 to $25 a
share in the very short term. In the Wall Street Directory(Barchart.com), Market
Research Inc. lists eConnect as a 100% BUY for Short, Medium, and Long Term with
a composite indication of 100%.
With a simple review of eConnect's technology it is very easy to see why it has
generated such massive institutional and individual investments over the past
week and why it should continue to grow rapidly over the next two weeks.
eConnect will likely continue its growth steadily throughout the year with
intermittent surges of rapid growth as it continues its progress in the World
market. It's announcement with PalmPilot for the First-Ever Wireless Internet
Terminal Link, after eConnect has already signed on several countries and their
various financial institutions, establishes eConnect as clearly shaping Internet
and financial technology in the new millenium. With it's global applications,
eConnect could easily be trading at between $100-$135 a share within the next
9-12 months of trading.
As eConnect is aggressively creating a market dependent upon it's technologies,
IFR recommends all who have not already done so to review eConnect's
technologies at their two primary web sites www.econnectholdings.com and
www.powerclick.com.
IFR holds no stock in eConnect and has not and will not be compensated for its
opinion in regard to eConnect. IFR's opinion is based on publicly available
information. Certain statements in this opinion contain forward-looking
statements within the meaning of Section 27A of the US Securities Act of 1933
and Section 21E of the Securities and Exchange Act of 1934, and as contemplated
under the Private Securities Litigation Act of 1995, and are subject to the safe
harbor created by those sections. All statements, other than statements of
facts, included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company are
forward-looking statements that involve risks and uncertainties. The above
article contains the opinion and research of Independent Financial Reports, Inc.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
CONTACT: Independent Financial Reports, Inc. (IFR), Chicago
Reagan Wilks, 323/856-0030
Fax: 323/871-9940
E-mail: IFRwallstreet@aol.com
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: INVESTMENT
OPINION
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