Subj: Breaking News: STTN- Great things to come! Take a look
Date: Thu, 29 Nov 2001 7:15:06 PM Eastern Standard Time
From: Stockgenie <contact@stockgenie.com>
To: Stockgenie Privileged Subscribers <xxxxxxxxxx.com>
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The Stock Genie's SPECIAL ALERT (http://www.stockgenie.com/)
For distribution after the stock market close 5PM EST, THURSDAY, NOVEMBER 29, 2001
SPECIAL ALERT !
Sutton Trading Solutions, Inc (OTC BB: STTN) November 2001
Reasons to buy STTN
1. The Direct Access industry is filled with takeovers. Charles Schwab purchased Cybercorp for $488 million, Instinet purchased ProTrader for $150 million, and Ameritrade purchased TradeCast for $70 million, and TD Waterhouse acquired RJT.
2. STTN provides a 100% Turn-Key solution to brokerage firms and banks comprising of Software, quotes, trade executions on world markets, website design and hosting, and customer support.
3. STTN earns revenue on Transaction Fees, Per User Fees, License Fees, Multi-year contracts, Software development on a per-hire basis, and Revenue sharing agreements.
4. Key Benefits of STTN’s ASP model include reduction of IT development and maintenance costs, integrated Global Platform, settlement and brokerage solutions, and value added services such as research, education, and personal finance management tools.
5. By 2005, financial institutions are expected to have spent $11 billion to update their online brokerage technologies, according to Celent Communications. The various solutions that Sutton have developed allows firms to save capital on their infrastructure and IT overhead, while paying on a per usage basis to Sutton Online.
SYMBOL: STTN
SHARES OUTSTANDING: 20mm
FLOAT (est.): 4mm
52 WEEK HIGH/LOW: 7.00 - .20
SHORT TERM PRICE PROJ.: $11.50
12 MONTH PRICE PROJ.: $18.50
6. STTN has licensing agreements and Strategic Relationships in the USA, UK, Spain, Brazil, Belgium, Venezuela, Russia, Czech Republic, Saudi Arabia, France and Switzerland.
7. Announced a marketing agreement with Archipelago, the world’s first totally open, fully electronic stock market for NYSE, AMEX, and NASDAQ securities
8. GlobalDAT, STTN’s flagship product, is the worlds first Global Direct Access software program. GlobalDAT is a unique proprietary technology that connects major European and American Stock Exchanges and ECN's through one user interface for online trading.
9. IDC estimates that Online Brokerage revenue will exceed $5.4 Trillion by 2005.
10. Well respected Management team with over 20 years experience in Software development, Sales, and Brokerage skills.
UPDATE
Many Valued Stock Genie subscriber's, have emailed in for an update on STTN. Like many stocks in the market STTN has traded down on NO bad news whatsoever. As discussed in Stock Genie's original SPECIAL ALERT, The Stock Genie stated that STTN strategy for growth (AS YOU CAN SEE BELOW IN THE INVESTMENT SUMMARY SEGMENT), was to joint venture and acquire other companies. Today, The Stock Genie spoke with the management of STTN, below is what STTN sent The Stock Genie regarding an update. (READ STTN'S UPDATE BELOW)
In the Stock Genie’s opinion, by reading STTN’s management update, it appears that STTN is not sitting around doing nothing. From the comments below one could summarize that announcements could be forthcoming, possibly shortly. Good Luck !
INVESTMENT SUMMARY
Over the last several years’ online brokerage firms, on technology and infrastructure, have invested a lot of money. Several companies have found it cheaper to BUY other companies then spend the time and money developing their own technology and infrastructure.
We believe STTN’s story will get a lot of attention in the investment community in the coming months, as the stock market continues to move upward. STTN is a brand-new publicly trading company via a reverse/merger with Ikon Ventures, Inc.(IKNV). When we consider STTN, we must understand the business model and huge potential in the Company’s valuation. Sutton Trading Solutions Inc. – Sutton Online Trading Solutions is an ASP (Application Service Provider) offering turnkey online trading solutions for domestic and foreign firms. With complete front-end software, trade routing and back-office management applications, Sutton Online has become a recognized destination for small, medium and large brokerages seeking an easy and cost effective entrée to the Direct Access trading industry. Sutton Online has developed a true niche, a special synergy combining state-of-the-art technology (Level 1 and Level II trading via SONIC 2000™ and GlobalDAT™), brokerage and clearing arrangements, and high quality services including website design and hosting and Customer Service to allow both US and Foreign brokerages to offer Online Trading to their clients. Sutton Online, Inc. currently has Service Bureau customers in Bahrain, Russia, The Czech Repbulic, Brussels, Madrid, Brazil, Peru, France, Bulgaria, and The United States. Sutton Online has received Service Bureau Status from ECN’s (Electronic Communication Network) as well as the NASDAQ to provide related services. Sutton Trading Solutions, Inc. also operates Sutton Data Services in Prague, Czech Republic. This wholly owned subsidiary specializes in the development and implementation of custom financial banking and brokerage applications for both front and back end users.
Online trading is the fastest growing segment of the brokerage industry and is expected to continue to grow significantly. IDC estimates that Online Brokerage revenue will exceed $5.4 Trillion by 2005. The evolution of the Internet has fundamentally changed the way in which many investors manage their financial affairs. The speed, convenience, choice, cost savings and information offered by the Internet as an investment tool has increasingly driven investor assets online. The growth of discount brokerage firms and the increasing utilization of the Internet to access a wide range of financial services underscore a fundamental shift in market demographics. This shift has altered the way consumers manage their personal financial assets. Based on industry research reports and the rapid consumer acceptance of online transactions, consumers are increasingly taking direct control over their personal financial affairs, not only because they are now able to do so, but also because they find it more convenient and less expensive than relying on financial intermediaries.
KEY PRODUCTS
GlobalDAT™ Global Direct Access Trading; GlobalDAT™ is a unique propietary technology that connects major European and American Stock Exchanges and ECN’s through one user interface for share dealing. GlobalDAT™’s open architecture FIX interface provides the ability to add markets and exchanges on demand. Each user has the ability to view price quotes(Level 1and 2), route orders via Market Makersand direct connections to ECN’s and Exchanges, view order statu, P&L, cash flow, all coupled with dynamic charting and account management and IN REAL-TIME, while providing the user Front- End enviroment in their native language.
Sonic 2000™ a US based Direct Access Application. SONIC 2000™’s platfom offers trade executions to over 400 Market Makers and 9 ECN’s with dedicated connections to The Island ECN, Archipelago, NASDAQ, NYSE via SuperDot, and Knight Trimark. Real time data is provided by Hyperfeed.
COMMENTS FROM STTN MANAGEMENT
The Company is continuing in its efforts to execute on its Business plan. The Company is actively pursuing to acquire a Broker Dealer in order to expand its current menu of services by offering Branch Office and OSJ franchises, as well as to expand its core business of providing multiple points of executions for equities, options, and futures.
The Company is actively negotiating with various firms in multiple markets to provide trade executions and brokerage related services in Europe, Asia, and Canada. The emphasis for the combined product suite is to cross market existing services which include Global Direct Access trade executions, Level 1 and Level 2 quotations, currency conversions, dynamic charting and account management. In addition the company provides a 100% turnkey solution to banks and brokerage firms which include software, brokerage related services, website design and hosting, and customer service.
Disclaimer:
Stock Genie (SG) publishes reports providing information on selected companies that SG believes has investment potential. SG is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. SG accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in STTN is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. SG has been hired by a third party consultant, and is contracted to receive 100,000 free trading shares of common stock for the publication and circulation of this report. SG intends to sell all or a portion of the of the STTN stock at or about the time of publication of this report. Subsequently SG may buy or sell shares of STTN stock in the open market. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of STTN including the company's most recent annual and quarterly reports.
For further details of Stock Genie's disclaimer policies and a full profile of the company, go to
www.stockgenie.com/current_profile.htm |
