Here's the latest news release from today:
News Alert from BusinessWire
Topic: (BB:FNTN)
Headline: Financial Intranet to Launch Sales Force in Seven Cities on January 1,1998
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NEW YORK--(BUSINESS WIRE)--Dec. 29, 1997--Financial Intranet Inc.
(OTCBB:FNTN) announced today that the company will have a sales
organization operational by Jan. 1, 1998 initially covering Los
Angeles, Las Vegas, Denver, Atlanta, Orlando, New York and Boston.
Michael Sheppard, president and Chief Operating Officer of
Financial Intranet, said the company is on track to begin generating
revenues, projected to be $15 million gross, with net profits of $2.5
million during the first fiscal year.
Financial Intranet is establishing the nation's first proprietary,
secured, on-demand data and video financial information network that
links the brokerage and mutual fund industries together and connects
both to the individual investor. Testing of the network at Beta
centers is now underway and the complete network is expected to be
fully operational by January/February 1998.
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