(BW) (CT - BENSEN CAPITAL) Bensen Capital Initiates Coverage Of The Internet Advisory Corporation With A Buy Recommendation
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued
by Bensen Capital Management, Inc.
GREENWICH, CT—(BUSINESS WIRE)—January 25, 1999
For Detailed Report, Please Visit the Web Site of The Internet Advisory Corporation at www.theinternetcorporation.com/bensen.
Bensen Capital Management, Inc. announced that it has initiated coverage of The Internet Advisory Corporation (NASDAQ BB: PUNK) with a buy recommendation based on the explosion of revenues which will take place in fiscal year 1999. We see the price of PUNK rising from its current price of $7.00 to between $20 and $25 per share. The full text of this report can be viewed at www.theinternetcorporation.com/bensen.
L. Christopher Bensen, President of Bensen Capital stated, “We are pleased to be initiating coverage of PUNK following a two day meeting with management. We feel that the stock is currently undervalued versus other stocks in the sector and is currently a low risk play in a very high risk Internet environment.”
The Internet Advisory Corporation (http://www.theinternetcorporation.com) is an international Web Site programming design and hosting company working with small, medium and large corporations. Along with the programming and designing of Web Sites whose specifics include: E Commerce Solutions, Online Marketing, Cross Linking with Existing Advertisers, Search Engine Listings, Material Publishing, Cooperative Links and Internet Advertising, PUNK uses T-3 fiber optic lines with high speed servers piped directly into the backbone of the Internet for the fastest possible access. Its host facility (http://www.hostfacility.com) includes Individual E-mail accounts, High Speed Servers, and Redundant (i.e.: 3 separate lines) T-3 links to the Internet. Each T-3 link is 30 times faster than a T-1 link used by most companies. Added features include Video using VDO, Real Video and No-Downloading Technology, Audio using Real Audio and True Speech, SQL Data Support, Shopping Carts, 24 Hour Emergency Back-Up Power, Custom CGI Scripts supported ; C, Pearl, Java Supported, Secure (SSL) Transactions for Credit Sales, Auto responders and Statistical & Marketing Analysis.
Excerpts from the Bensen Capital Report on PUNK follow:
- Unknown Internet Company which is well positioned in the robust web site design and global web hosting markets.
- PUNK expecting client base to expand by 150% based on domestic demand and strategic alliance with Xin Net Corp., a mainland China Internet Service Provider.
- Within 60 days, PUNK sees a 5,000 hosting client base with potential growth being 50,000 in a 6 month period.
- PUNK has no debt and about $1.25 million of cash on its balance sheet.
- Expects revenues to grow conservatively from $300,000 in 1998 to $5 million in 1999.
Bensen Capital Management, Inc. is a venture capital and financial advisory firm focused on identifying emerging growth companies in sectors that offer compelling investment opportunities over the long term. Bensen provides a fully integrated package of value added services including corporate finance, M&A Advisory, Strategic Partnering, Private Placements and Communication Consulting.
The information contained herein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities (“related investments”). Bensen Capital Management, Inc. and its affiliates may trade for their own accounts as odd-lot dealer, market maker, block positioner, specialist and/or arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. Bensen Capital Management, Inc., its affiliates, directors, officers, employees and employee benefit programs may have long or short positions in any securities of this issuer(s) or in related investments. Bensen Capital Management, Inc. or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report.
Contact: Chris Bensen
Bensen Capital Management, Inc.
(203) 622-4955 (phone)
(203) 622-4058 (fax)
cbensen@worldnet.att.net |
