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Technology Stocks : Micro General Corp. OTCBB: MGEN

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To: rsklar who wrote (9)3/15/2000 10:41:00 PM
From: JanyBlueEyes  Read Replies (1) of 23
 
It's pretty tough to put a price on any internet company in this market. Escrow.com was founded on October 15, 1999 and the share price of MGEN was around $5.00. Since then the company announced alliances with Open Market, ShopNow.com, The Online Asset Exchange and solutionhome.com and the price hit a high of $45 on March 9. Escrow.com's ultimate value will be determined by how quickly it can produce revenue and it appears they are doing a nice job of forming the needed alliances and my guess is they will continue to do so.

Other online escrow companies are I-Escrow.com, InternetClearing.com, SecureTrades.com and TradeSafe.com which are privately owned. What sets MGEN apart from the others is their software and information technology capabilities. The company can adapt its business-to-business offerings without having to rely on anyone else to design and manage client web sites. Also, it's escrow system is designed to initially handle 6,000 transactions an hour in the consumer-to-consumer market. Another major advantage is the tie the company has to FNF which when combined with Chicago Title will create the largest real estate escrow company in the world.
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