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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: simarx who wrote (13985)9/5/1998 10:49:00 PM
From: Sr K  Read Replies (1) of 120523
 
<<Recently a BUY recommendation was put out on this firm by a respected Smallcap Investment Banking Firm, Joseph Stevens and Company. >>

That's no independent report. Joseph Stevens Group, Inc. and Joseph Stevens, LLC and Joseph Stevens and Company have very close links to IFLY. There are 3 different Joseph Stevens entities.

From the Mar 31 10-Q:

To expand its operations, in November 1996 the Company entered into a Merger Agreement with the Joseph Stevens Group, Inc. ("Stevens") and its sole shareholder, Joseph Stevens Group, LLC ("JSG"). Prior to the consummation of the merger with Stevens (the "Stevens Merger"), Stevens operated as an independent travel agency specializing in the telemarketing of airline tickets. Pursuant to the Merger Agreement, simultaneously with the closing of the Company's initial public offering on January 21, 1998, Stevens was merged with and into the Company, with the Company as the surviving corporation.
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