Be careful,, folks liked IMGN ,, but whole sector got killed today .
Today
ISDN for a quick bite
A momentum carried intermediate play ,,
the normal rules,,, at your own risk ,, for 2 - 3 days play ,,
Close 5/4/98 1 5/8 by 1 3/4
52 week low: 7/16
52 week high: 4 7/8
Shares Outst: 29M
Float: 2.5M
Effective float: 200-300K
Website: kttp://www.globalnet1.net
Website of their subsidiary, On Line Enterrtainment: oen.com
GlobalNet Systems is a full-service, high-speed all-digital Internet Service Provider, which is also involved in developing a high-speed network for Voice Over IP reduced rate long-distance telephone service on a dedicated network. GlobalNet Systems has headquarters in Chatsworth, Calif., and can be reached via the Internet at www.globalnet1.net.
Snippets from the SI Thread
>>here is an overlooked internet play where the main business is a full-service, high-speed, all digital Internet Service Provider, which is also involved in developing a high-speed network for Voice Over IP reduced rate long distance telephone service on a dedicated network. See their website: globalnet1.net
Their subsidiary, On-Line Entertainment Network (http://www.oen.com) has an agreement with Time Warner to sample as well as sell their products on line.<<
>>I have info...
I talked to the CEO of ISDN. GET THIS: 29 mill. out, 2.5 mill. float, he said in reality based on what he knows about the holders, the float is only about 200,000 shares, they are going to be SEC reporting, they are an ISP (internet service provider), they are discussing telephony, they may spin-off (on-line Entertainment Inc.) to shareholders, they are going into video-on-demand, they are loading the content now for the music on-line, they have big projections, 98 will be in millions and will be profitable by end of year, NEWS OUT IN THE NEXT DAY OR TWO, he said their music technology is better than KTEL's
212-307-1333 Do your DD. Just my opinion.
Everyone is looking for that undiscovered internet stock. <<
>>President kept his word...Good News Friday! ...highlights their superior audio web capabilities...that technology is worth a lot!! (many more contracts coming) and their other business of helping businesses get high speed internet ISDN access in CA also strong....this one is clearly undervalued IMHO. Excellent areas to be in...will do more DD next week. Will report back.<<
Press Releases
Friday May 1, 7:01 am Eastern Time
Company Press Release
On-Line Entertainment Network Inc. Sets Exclusive Licensing Agreement With Spring Communications Inc.
Deal Provides for Worldwide Audio Netcasts of Spring Communications' Pay-Per-View Events Via OEN's Internet-Based "SongQuest" System
LOS ANGELES--(BUSINESS WIRE)--May 1, 1998-- ''Spring'' Concert Area to be Created on the ''SongQuest'' System
On-Line Entertainment Network Inc. (OEN), a wholly owned subsidiary of GlobalNet Systems Ltd. (Nasdaq BB:ISDN - news), Friday announced an exclusive pay-per-listen licensing agreement with Spring Communications Inc. to provide worldwide audio netcasts of Spring pay-per-view concerts and other special events via OEN's Internet-based ''SongQuest'' audio-on-demand system (www.oen.com).
Tuesday March 31, 7:02 am Eastern Time
Company Press Release
On-Line Entertainment Network, Inc. and its 'SongQuest' System to Offer Sound Samples and CD's from Warner Music Group
Listeners Will Be Able To Access Samples of and Purchase
Warner-Distributed CD's Released by Such Labels as Atlantic,
Electra/Asylum, Reprise and Warner Bros. Records
Warner Music Group Area to be Created on the 'SongQuest'
System
LOS ANGELES--(BUSINESS WIRE)--March 31, 1998--On-Line Entertainment Network, Inc. (OEN), a wholly-owned subsidiary of GlobalNet Systems, Ltd. (Nasdaq BB:ISDN - news), announced Tuesday a licensing agreement with Warner Music Group which will allow OEN's ''SongQuest'' audio-on-demand system users (www.oen.com) to access and listen to 30-second samples of Warner-distributed cd's released by such labels as Atlantic, electra/Asylum, Reprise and Warner Bros. Records.
Tuesday February 17, 7:03 am Eastern Time
Company Press Release
Rhythm & Blues Foundation Ninth Annual Pioneer Awards Set for Live Worldwide Cybercast Via On-Line Entertainment Network's "SongQuest" System
Pay-Per-Listen Event to Feature Smokey Robinson, Will Downing, Gladys Knight and The Pips and Bonnie Raitt, Among Many Others
LOS ANGELES--(ENTERTAINMENT WIRE)--Feb. 17, 1998-- The Rhythm & Blues Foundation Ninth Annual Pioneer Awards will be cybercast live to a worldwide audience via On-Line Entertainment Network's (OEN) ''SongQuest'' system (www.oen.com).
The pay-per-listen gala will be netcast live from the New York Sheraton on Thursday, Feb. 26, at 8 p.m. ET and feature such stars as Smokey Robinson, Will Downing, Branford Marsalis and Bonnie Raitt.
In addition to the award presentations, listeners will experience rare, historical performances from the 1998 Pioneer honorees, including Herb Abramson, Faye Adams, Bobby Byrd, Tyrone Davis, Screamin' Jay Hawkins, The O'Jay's, Ernie K-Doe, Kim Weston, David ''Fathead'' Newman, The Five Satins and The Harptones.
Gladys Knight and The Pips, recipients of the Lifetime Achievement Award, will also perform live.
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