Prime Charter Ltd. Announces Investment
Opinion On Frontline Communications Corp.
PEARL RIVER, NY--(BUSINESS WIRE)--April 3, 2000--Prime Charter, Ltd. has issued a research report on
Frontline Communications Corp. (AMEX: FNT - news), www.frontline.net. In its conclusion the report states:
``Frontline's common stock currently trades at a discount to its peer group. The dramatic growth of Internet usage, the
Company's emphasis on business customers, and its position in the very lucrative Web presence and hosting markets
augers well for results. Frontline's substantial cash reserves and negligible debt put it in a position to make substantial
accretive acquisitions that should translate into higher valuation.'
The report discusses Frontline's eleven acquisitions since 1998 and states: ``We expect organic growth to be significantly
augmented by a very aggressive campaign to acquire some of the more than 6,000 independent companies that currently
operate in the Internet access and services market.'
Prime Charter, Ltd. has managed a recent public offering of Frontline Communications Corp. Securities.
About Frontline
Founded in 1995, Frontline Communications Corporation provides Effortless Ecommerce and Internet Access to small
businesses nationwide. Frontline offers high-quality Internet services (Access, Development and Presence) through its
three Ecommerce brands: Frontline.net, www.frontline.net, WOWFactor.com, and iShopNetworks.com, each serving
important geographic, demographic and vertical small business market segments. Frontline's focus on specific small
businesses and their unique needs helps those customers utilize the Internet more easily to achieve an advantage over
their competitors. A member of IBM's Web Integrator Initiative, Frontline provides its clients with full Web design,
development and Ecommerce solutions. Frontline is headquartered in Pearl River, New York, and is traded on the
American Stock Exchange.
The statements which are not historical facts contained in this press release are forward looking statements that involve
risks and uncertainties, including but not limited to, changes in the market for Internet services, regulatory and
technological changes, economic factors, increased competition, and the nature of supplier of customer arrangements
which become available to the Company in the future. The Company's actual results may differ materially from the results
discussed in any forward-looking statement. |
