Some additional data, news, insider holdings etc on this gem.
I see the stock at $8 to $10 by friday. It was hard to get shares at the close today:
"Buy low, Sell high"
"You got to know when to hold them and know when to
fold them"
day January 29, 11:50 am Eastern Time
Company Press Release
Commerce Group Corp. Subsidiary Plans New Web Portal To Model Go2Net Strategy And Invites Web Sites To Participate In Acquisition Program
MILWAUKEE--(BUSINESS WIRE)--Jan. 29, 1999--Commerce Group Corp. (Nasdaq: CGCOC and Boston Exchange: CMG) Friday announced that its subsidiary, Ecomm Group Inc., is currently planning to consolidate niche Web sites into a new Web portal.
Ecomm believes that a significant opportunity exists to develop and consolidate certain fragmented niches of the Internet community into a Web portal.
An Internet portal is a hub or gateway to the Internet, such as Excite (Nasdaq:XCIT - news), Lycos (Nasdaq:LCOS - news), Go2Net (Nasdaq:GNET - news), and Infoseek (Nasdaq:SEEK - news), that provides many services and features for its visitors. Because the Internet is growing so rapidly, specialized or niche portals are being developed as the hubs or gateways to the Internet for groups of individuals with specific interests.
For example, iVillage and Women.com are Internet portals for women, c|Net (Nasdaq:CNET - news) and ZDNet (NYSE:ZD - news) are Internet portals for computers and technology, and MecklerMedia's (Nasdaq:MECK - news) Internet.com is a portal to the Internet for Internet technology and business.
Ecomm's new Web portal will provide a full range of the Web's most popular services. These services include free Web-based e-mail similar to HotMail (Nasdaq:MSFT - news), free Web page communities similar to GeoCities (Nasdaq:GCTY - news), chat communities similar to TalkCity, auctions similar to e-Bay (Nasdaq:EBAY - news) and uBid (Nasdaq:UBID - news), targeted advertising similar to DoubleClick (Nasdaq:DCLK - news) and Flycast, instant messaging similar to America Online (NYSE: AOL - news), a personalized start page similar to Netscape (Nasdaq:NSCP - news), product suggestion similar to Amazon.com (Nasdaq:AMZN - news), a topical Internet Directory similar to Yahoo (Nasdaq:YHOO - news), and e-commerce similar to OnSale (Nasdaq:ONSL - news) and Digital River (Nasdaq:DRIV - news).
Ecomm seeks to acquire niche Internet Web sites which provide:
-- An Interactive online environment in which content is updated
frequently and visitors are active participants, interacting with
both users and one another;
-- Content that captures and retains visitors' interest by
entertaining, providing varying perspectives and encouraging
users to participate or take action on the information provided;
-- Ease of use of the Internet site through its design,
communication and navigation features and tools; and advertising
and sponsorship opportunities through an approach combining brand
integration, animated advertising, product promotion and content
area sponsorship.
Ecomm invites Internet companies to participate in its acquisition program by calling 949/442-8919.
Statements in this release are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company, and dependence on the performance of the management of the company.
--------------------------------------------------------------------------------
Contact:
Commerce Group Corp., Milwaukee
414/462-5310
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go2net Inc (Nasdaq:GNET - news)
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Microsoft Corp (Nasdaq:MSFT - news)
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ONSALE Inc (Nasdaq:ONSL - news)
uBid, Inc (Nasdaq:UBID - news)
Yahoo Inc (Nasdaq:YHOO - news)
ZIFF-DAVIS (NYSE:ZD - news)
Related News Categories: advertising, computers, internet, ISDEX, mining/metals, publishing, retail, software
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Help
Insider Trades - Commerce Group Corp (Nasdaq:CGCOC) Updated: 21-Jan-99
More Info: Quote | Chart | News | Profile | SEC | Messages
Date Name Action Shares Type Price Value
31-Dec-98 MACHULAK EDWARD L Holdings 1,331,118 (i) Common - -
3-Dec-98 MACHULAK EDWARD L Gave as Gift 57,500 Common .53 -
30-Nov-98 MACHULAK EDWARD L Holdings 1,331,128 (i) Common - -
30-Nov-98 MACHULAK EDWARD L Holdings 1,522,397 Common - -
3-Nov-98 KAN LAWRENCE Planned Sale (144) 25,017 Common - $17,000
3-Nov-98 KAU LAWRENCE E Planned Sale (144) 25,017 Common - $17,000
9-Oct-98 MACHULAK EDWARD L Holdings 1,331,128 (i) Common - -
8-Oct-98 MACHULAK EDWARD L Disposed (J) 6,000 Common .69 -
8-Oct-98 MACHULAK EDWARD L Holdings 1,331,128 (i) Common - -
31-Aug-98 MACHULAK EDWARD L Holdings 1,233,967 (i) Common - -
31-Aug-98 MACHULAK EDWARD L Holdings 1,625,558 Common - -
31-Jul-98 MACHULAK EDWARD L Holdings 1,233,967 (i) Common - -
31-Jul-98 MACHULAK EDWARD L Holdings 1,625,558 Common - -
30-Jun-98 MACHULAK EDWARD L Holdings 1,233,967 (i) Common - -
30-Jun-98 MACHULAK EDWARD L Holdings 97,161 Common - -
2-Jun-98 MACHULAK EDWARD L Holdings 1,331,128 (i) Common - -
2-Jun-98 MACHULAK EDWARD L Holdings 1,528,397 Common - -
30-Apr-98 MACHULAK EDWARD L Disposed (J) 4,000 Common 1.03 -
30-Apr-98 MACHULAK EDWARD L Holdings
Information on Commerce Group Corp
Company Name: Commerce Group Corp (CGCOC) Exchange: NASDAQ
Sector: Gold Ores
Detailed Quote for Thursday, January 28, 1999
Data as of 1/28/99
Open High Low Last
3/8 3/8 5/16 0.33
Change Volume Bid Ask
-0.05 (-12.51%) 41,800 n/a n/a
Shares Outstanding: 11,114,002 Market Cap: 3.6 Million
Short Interest: Exchange provides
no short interest data. Yield: n/a
52-Week EPS: n/a P/E Ratio: n/a
52-Week High: 1.16 on
Monday, March 02, 1998 52-Week Low: 0.28 on
Monday, December 14, 1998
Average Price 0.46 (50-day) 0.68 (200-day)
Average Volume 19,100 (50-day) 14,400 (200-day)
Intraday data is at least 15-minutes delayed. All times are EDT.
Intraday data provided by S&P Comstock and subject to terms of use.
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