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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: QuietWon who wrote (25655)12/10/1998 3:11:00 PM
From: lloyd bashaw  Read Replies (1) of 119973
 
PSCO looks to go large.

One that caught our attention is ProtoSource PSCO on nasd. Protosource, a regional ISP based in California, announced just today that they have signed agreements with two unamed national internet backbone providers that will offer them the ability to go offer their service in 270 cities across the country-

"ProtoSource Corporation Expands Service Area, Becomes
National ISP, Seeks to Acquire and Consolidate ISPs
FRESNO, Calif., Dec. 10 /PRNewswire/ -- ProtoSource Corporation (''the Company'') (Nasdaq: PSCO; PSCOW), today
announced it has entered into agreements with two national backbone providers that allow the Company to offer Internet
Service Provider (ISP) services nationally. Through these agreements, ProtoSource has the ability to offer dial-up and other
related Internet access services to over 85% of the United States. Previously, the Company had offered services only in the
central San Joaquin valley of California. "  biz.yahoo.com

PSCO came public last June-well before the internet euphoria hit the IPO market and appears to have been forgotten. The float is 1.7M with 1.9M outstanding for a market cap near $12M-currently trading in the 6s.

By contrast GEEK's 6.2M shares outstanding at 16 figures a market cap at close to $100M. This for an ISP with only regional horizons as compared to PSCO's national aims.1.html psnw.com; Timing -as they say- is everything.
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