PRINCETON RESEARCH RECOMMENDS "PUNK"
( BW)(PRINCETON-RESEARCH) Princeton Research Announces Investment
Opinion on Internet Advisory Corp.
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued by
J. Wesley Savage, Princeton Research
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 14, 1998--"We are
strongly recommending the purchase of The Internet Advisory Corp.
(PUNK) for those traders and investors who are ready and willing to
accept an above-average risk in order to reap a much above average
return," said J. Wesley Savage, Princeton Research.
"PUNK is currently trading around the $5.00 and we suggest
purchase at current levels in anticipation of a rise into the $10-12
region within the next 3-6 months.
"Why do we feel that PUNK will double over the near-term?
"Unless you've been living on Mars for the past few years, you
know that huge profits have been made by traders and speculators who
have invested in the Internet stocks. Companies such as AOL, EBAY,
AMAZON.COM, UBID, YAHOO, etc. has risen over 100, 200 and even 300% in
the last year.
"Most of these 'hot' Internet companies are currently losing
money! Amazon-com is not expected to make any money for another two
years, yet the stock is trading over $200. EBAY came public recently,
at only $18 and quickly rose to over $200 per share.
"In the Silicon Valley of California, many new billionaires have
been created since the Internet 'craze' has engulfed the Stock Market.
"The Internet Advisory Corp. (PUNK) is an Internet Web-design and
hosting company, based out of Fort Lauderdale with clients throughout
America and Canada. Presently, it has over 1,100 corporate clients and
that number should increase substantially in 1999.
"Just two days ago, the company announced that it had entered
into a strategic alliance with China's ISP, Xin Net Corp. (XNET),
which is currently trading in the 70-75 cts region. Earlier this week,
we interviewed a director on XNET on some of our radio programs in New
York, Las Vegas and South Florida when 'XNET' was trading below the
50 cts level. In just the last three days it has risen over 40%, but
that's another story.
"The alliance between XNET and PUNK is 'exciting.' It gives PUNK
the opportunity to market their products and services to the largest
population in the world. China has five times as many people as the
United States but only a 'mere' 1.5 million in that country of
1.4 billion presently have access to the Internet! China is currently
where the USA was 10 years ago in the Internet. In the next few years,
the Internet will grow exponentially, in our opinion. Profits for both
PUNK and XNET will soar, in our estimation.
"PUNK is headed by a young, aggressive Management team headed by
Jeffrey Olweean. At lunch this afternoon, he told us that he has set
his sights on being the next YAHOO and we were beginning to believe
him! He's obviously excited about the XNET alliance and predicts that
many China-based companies will host their Export WEB Sites on The
Internet Advisory Corp. (PUNK) high speed facility.
"In conclusion, PUNK is a rare Internet company which is actually
earning money. Its sales and earnings are expected to increase
exponentially in the next few years. It is involved in opening up the
largest potential market in the world in China. There are slightly
more than 7 million shares outstanding with the float about
1.2 million. In the last two months, PUNK has moved up from the $2
level. Its recent high has been 7 5/8.
"To us, this looks like 'HOME RUN.'
"This is an opportunity for investors to participate in the
highly volatile Internet sector with what we consider a reasonable
risk. Our first target is the $10-12, but we fully believe that PUNK
has the potential to soar above the $20 level at the latter half of
1999. Therefore, we strongly recommend purchase for hi-risk acts.
"We might add that Princeton is the first firm to recommend PUNK.
We consider PUNK a highly undervalued and undiscovered special
situation.
"It is better to be OUT of a market and wishing you were IN, than
IN a market and wishing you were OUT," J. Wesley Savage,
www.panamericanrelief.org.
Disclaimer: The publisher of this report is Princeton Research.
This report is based on information available to the public. Estimates
and projections contained herein are our own or obtained from our
consultants. Past performance is not indicative of future results. The
information presented, while obtained from sources we believe
reliable, is not guaranteed either as to accuracy, or completeness.
This report is not an offer to buy or sell or a solicitation of an
offer to buy or sell the securities mentioned herein.
The publisher is not a registered investment adviser and does not
purport to offer personalized investment related advice. The publisher
does not determine the suitability of this advice and recommendations
contained herein for any subscriber. The publishers, its staff and
others associated with them may have positions and may effect
transactions in securities of companies mentioned herein. Further, the
publisher may have been compensated for their services in preparing
this report on behalf of certain companies who have been profiled in
the newsletter.
Each person must separately determine whether such advice and
recommendations are suitable and whether they fit within such person's
financial goals and investment profile. No part of this publication
may be reproduced without the written permission of the publisher.
CONTACT: Princeton Research
J. Wesley Savage, 954/537-9116
or
Internet Advisory Corp.
Jeff Olweean, 888/522-0958
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET |
