Kevon and all, FOUND an ARCHIVED research report at Kostech that everyone may enjoy;;;;( IT IS FROM APRIL *1997* old old OLD)
Financial Intranet Inc. (OTC:BB:FNTN) is currently designing a proprietary,
secured, high bandwidth, on-demand data stream delivery system for Broker/Dealers
and their registered representatives. The system is designed to offer all of the
standard information that a broker requires in conducting their business in an
efficient matter, as well as, data concerning mutual funds participating in the
Company's network and advertisers beneficial to the Broker/Dealer network. It is
expected that the network will offer interactive video training and support through
the use of multi-port video teleconferencing.
Software completion is expected in the third quarter of this year. In addition,
FNTN plans to establish an Internet presence accessible to the general public,
which will highlight the network's mutual fund participants. Management believes
that this site will generate a constant flow of customer leads that may be utilized
by the mutual funds, Broker/Dealers and their registered representatives.
The Company will offer services that are intended to connect over 4000 United
States locations on its network using a simple access method at each of the
Broker/Dealers' offices. It is also designed to provide local access ports in
London, Paris, Stockholm, Tokyo, Hong Kong and Sydney.
Financial Intranet has entered into a strategic alliance with Siemens Pyramid
Information Systems Inc. (a wholly owned subsidiary of Siemens Nixdorf
Informationssysteme AG, Munich, Germany) in which they will provide the hardware,
software and other equipment for the Company's On Demand Financial Service.
The agreement also includes the development of Financial Intranet's on Demand
Financial Services Interactive Subscriber Database, which will be used to collect
and retrieve customer and prospect profile information for the purpose of lead
generation, customer retention and servicing as well as broker/dealer training.
FNTN is in final negotiations with a major quote vending company for the
distribution of proprietary, real-time broadcast data feed of commodities, Futures,
options, securities and other financial information. The results of this strategic
marketing alliance will incorporate, in one complete package, all of the necessary
intricacies required by the NASD and NFA. This data will be broadcast in the
specialized format over FNTN's private networks (INTRANET).
The Company is in the process of raising $7.5 million through a private placement
to U.S. institutional and individual investors, which is nearing completion. Once
the money is in place, these assets can be used to meet the listing requirements
for NASDAQ Small Cap, or another major exchange. The proceeds from the placement
are also expected to be used for enhancing the Company with further strategic
alliances and acquisitions.
We will have further updates as events occur.
FNTN last traded at: 3.875
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