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To: Sarkie who wrote (293)	5/30/2000 9:34:00 AM
From: Sarkie	Read Replies (1) of 336

THCG Sells Venture Portfolio Firm To Insci-Statements ================================================================ NEW YORK -(Dow Jones)- Insci-Statements.com Corp. (INSI) acquired LogNet Inc., a development stage billing software company, for 2.5 million common shares. Shares of Insci-Statements closed Friday at 3 3/4 in Nasdaq composite trading. In a press release Tuesday, THCG, which owns about 3.9% of LogNet, said its Tower Hill Securities Inc. unit acted as financial adviser to LogNet in the transaction. Both companies' boards approved the transaction. LogNet has $2.8 million in cash and its investors include Safeguard Scientifics Inc.' (SFE) Selway Partners LLC. -Michael Squires; Dow Jones Newswires; 201-938-5400 (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved ================================================================

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