From Yahoo K2 thread
Strong buy issued
The_President_Untied
(47/M/Kansas City, MO)
Aug 2 1998
2:18PM EDT
On Aug 1, Webstock Wizards newsletter issued a strong buy for KTWO. Here is some text from their letter:
. NEW WATCH LIST COMPANY: K2 DESIGN, INC. (NASDAQ: KTWO) Trading around 4
RATING: BUY
TARGET PRICE: $12
K2 Design is a full-service interactive marketing agency. The company
provides marketing, strategic planning, advertising and creative technology,design, media, research, financial know-how and publicity to companies worldwide. Using K2 Designed Branding the company provides marketing services around a client's brand name or icon. The company was profitable in its last quarter with over $2.5 million in revenues. Its clients include Audi, AOL, IBM, MCI, WavePhore, Chase Manhattan Bank, NetBank, Oppenheimer Funds, Prudential Securities, Sumitomo Corp., Waterhouse Securities, Roche Labs, Cox Communications, Planet Direct, Toys 'R' Us, Accipiter, Microsoft,
and NYNEX/Bell Atlantic. The company's comprehensive projects, like that of WavePhore, include services such as naming of products, product interface design, logo design, corporate identity, consumer identity, media kits, ad campaign, consumer packaging, and web site design and automation. The company has only recently started to emerge out of the depths of the unknown. We think that if K2 did an IPO today, it would fetch over $12 a share, easily, on its first day. It is not often you find a profitable company that derives the majority of its revenues from internet-related business and that has revenues of over $2 million increasing at an over 50% rate trading at under $4 a share. NetGravity, for example, is an internet advertising-related company with revenues of just above $2.5 million and rapidly increasing revenues that is trading at $15 a share, has received
coverage by BancAmerica Robertson Stephens, NationsBanc Montgomery, and FAC/Eqts Fst Albany and will not be profitable until the year 2000 or later.
Check out the company's site at k2design.com
For Investor Relations Info. fill out the web-based form at
k2design.com, send
mailto:investor_relations@k2design.com, or call Robert Burke at
1.800.358.0191.
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