Only the web side should be upgraded in June.
From the news:
...and we expect to have our upgraded website up and
running soon after this move...
Also notice (Medical - recent Siemens news):
...data laden such as
Federal, State, Local and City Government Departments, Law
Enforcement, Insurance, Financial, Medical and Legal industries...
Whole text:
NEW YORK--(BUSINESS WIRE)--April 20, 1998--Financial Intranet Inc.
(OTCBB: FNTN.O), a New York based network developer of Intranet and
Internet specialized services, reported today an un-audited (loss) of
($587,000) for the year ended Dec. 31, 1997 or (5 cents) per share on
11,444,000 shares outstanding.
In addition, First Quarter ended March 31, 1998 produced a (loss)
of ($360,033) or (2 cents) a share on 16,183,877 shares outstanding of
which 4,230,483 shares were investment stock.
Michael Sheppard, President of Financial Intranet Inc. said: "The
first year of operation was a year of start up and development and
compared with other similar companies in the Internet arena we are
extremely encouraged by our progress to date and look very positively
towards the future. We have worked very diligently to keep our
start-up and R&D costs to a minimum, which could not have been
accomplished without some personal sacrifice by the officers and
directors. In light of this, we feel we have been able to contain
development costs very effectively in comparison with most other
startup ventures in our industry.
"The first quarter of 1998 does reflect some additional 'one time'
expenses relating to the implementation of our data center and our
major city nationwide sales force. On a positive note the first
quarter of 1998 does include initial revenue streams from those
efforts reflecting signed contracts and a number of important
contracts that are currently under negotiation. Based on the
evolution to date of our strategic plan, we expect to be profitable by
the end of the 3rd quarter 1998."
Financial Intranet Inc. also announced it is moving its corporate
offices within 30 days to its Ardsley, N.Y. Data Center.
Michael Sheppard, President of Financial Intranet Inc. added: "We
are moving our corporate offices to be on site overseeing all
operations. As this will now house the backbone and infrastructure of
our Intranet Center and Corporate Headquarters, it makes both
financial and operational sense to consolidate. This move will allow
management to observe and manage all operations more efficiently. At
this time we are working to complete the final installations of all of
our equipment and we expect to have our upgraded website up and
running soon after this move."
Financial Intranet is in the process of establishing the nation's
first, proprietary, secured on demand, interactive high-speed video,
voice and dedicated data-stream Information Network, that will enable
enhanced links to be created between the Brokerage and Mutual Fund
Industries and allow interactive access by the individual investor.
The proprietary network is customizable for any application, group,
franchise or association that requires dynamic information exchange,
especially for organizations that are heavily data laden such as
Federal, State, Local and City Government Departments, Law
Enforcement, Insurance, Financial, Medical and Legal industries. |
