THCG To Announce Q1-2000 Results May 11, 2000
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NEW YORK--(BUSINESS WIRE)--April 28, 2000--
THCG Senior Management Bought Stock in Open Market Purchases
THCG, INC. (NASDAQ:THCG) will release first quarter of 2000
results on Thursday, May 11, 2000, at 8:00 AM Eastern Time.
THCG will hold a conference call to discuss results for the first
quarter at 11:30 AM Eastern that morning. Participating in the call
will be THCG's co-CEOs Joseph D. Mark and Adi Raviv, President Larry
Smith and Chief Financial Officer Shai Novik.
The conference call will be broadcast live over the Internet and
can be accessed at www.vcall.com. To listen to the live call, go to
the Web site at least ten minutes prior to the start of the call to
register, download and install any necessary audio software. For those
unable to participate during the live broadcast, a replay will be
available shortly after the call on the Vcall site for ninety days.
THCG also announced today that members of the senior management
team, including both co-CEOs Joseph D. Mark and Adi Raviv, President
Larry Smith and President of THCG Ventures Evan M. Marks, have
increased their share ownership in THCG recently through open market
share purchases. In commenting on these share purchases, Adi Raviv,
the Company's co-CEO, stated that, "Management has great confidence in
the long term performance of THCG. We believe in the value creation
activities that are underway and we feel that the purchase of shares
in the open market provides an attractive investment for management.
Moreover, management considers this action as one step it can take
directly, within a series of actions that have been initiated, to
highlight the inherent value of THCG and to ultimately enhance
shareholder value. We believe this demonstration by management of its
belief in the future potential of THCG is in the best interests of our
shareholders."
About THCG
THCG is an active Internet acceleration firm that provides V3
capabilities - venture development, venture banking and venture
funding products and services- on a global basis. THCG's mission is to
build dominant companies by partnering with leading Internet
entrepreneurs and traditional brick and mortar companies migrating to
the Internet. THCG has partnered with a portfolio of Internet-related
companies, including Convergence MediaGroup, Inc (www.cmg-us.com),
Designer Jewelry On Line, Global Credit Services, Inc.
(www.globalcreditservices.com), Globecom Interactive, Inc., IT
Utility, Inc. (www.itutility.com), and Test University, Inc. THCG also
has equity interests in more than 10 additional Internet-related
companies, including iBeauty.com (www.ibeauty.com), BroadVision, Inc.
(NASDAQ:BVSN, www.broadvision.com), LogNet Systems Inc.
(www.lognet.co.il), Passport New Media, Inc. (www.yourownworld.com),
TechOnLine, Inc. (www.techonline.com) RealTimeImage Inc.
(www.realtimeimage.com), SoftWatch Ltd. (www.softwatch.com), SunShine
Media Corporation (www.bikini.com) and webMethods, Inc. (NASDAQ:WEBM,
www.webmethods.com). THCG's web site is located at www.thcg.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which are
not historical facts are forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. These risks and uncertainties include the Company's entry
into new commercial businesses, the risk of obtaining financing, risks
associated with start-up and early stage enterprises, risks associated
with providing services over the Internet, and other risks described
in the Company's Securities and Exchange Commission filings.
CONTACT: THCG, Inc., New York
Shai Novik, Chief Financial Officer, 212/223-0440
snovik@thcg.com
www.thcg.com
or
Lippert/Heilshorn Assocs.
Investor Relations: Lisa D. Lettieri,
Vice President, 212/838-3777
lisa@lhai.com
www.lhai.com
Media Relations: Elissa Grabowski,
Assistant Vice President, 212/838-3777
elissa@lhai.com
www.lhai.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERNET
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