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Strategies & Market Trends : Value Investing

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To: Tim Cruise who wrote (4490)7/24/1998 2:35:00 PM
From: Postman  Read Replies (1) of 78689
 
IPTY is a value situation IMO, but is just getting out of the gate.

The facts? Here they are-

--Company is called iParty and plans to capture the party goods and services market through the internet. ($40 billion U.S. market)

--Website will be launched in late September.

--Jim McCann of 1-800-Flowers is one of the founding shareholders.
--Bob Lessin, well known New York financier and 'tech stock angel' is a founding shareholder.
--Byron Hero, former CEO of Danskins is now CEO of iParty.
--Sam Belzburg, very rich Vancouver based mogul is on the board of directors.

--Fry-Multimedia is developing the website. Fry, the
commerce data base management partner,
was recently named one of the top twenty web site
builders in the world by Internet Computing magazine.

I think IPTY will be a winner with this kind of management.
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