Stumbled on an article from Feb.5..JBOH mentioned and shows the future
of stocks like this....
Wednesday February 10, 10:39 am Eastern Time
Company Press Release
SOURCE: Monsoon International
'On-Line Brokers' Are Seen As A Forward-Looking Strategy For Monsoon International
PARLIER, Calif., Feb. 5 /PRNewswire/ -- Monsoon International (OTC Bulletin Board: MIMF - news) is in discussions with on-line broker Castle Securities (CHOD) to make a market in Monsoon's shares. Monsoon International (MIMF) is seeking investor relationships with on-line brokers like Castle to provide greater access to the company's shares. The recent recognition given to on-line brokerages such as JB Oxford (JBOH) and Siebert Financial (SIEB) has garnered interest in companies, like Monsoon, for which on-line firms like these create a market. Yesterday, the stock of Monsoon (MIMF) traded many times its normal volume. This is seen as very optimistic news for the company. Castle's web site can be found at: www.castleonline.com
The company's current market makers include Sharpe Capital & MH Myerson & Co. (MHMY) which recently announced steps to create its own Internet Brokerage subsidiary under the name ''Emyerson.com Inc.'' On-line brokerage allows companies greater exposure, as well as ease of trade and access to research.
Monsoon itself has already committed to an aggressive Internet strategy that will allow the company's customers, vendors and investors instant access to current pricing, company information, product availability and secure on- line ordering. This innovative company has already seen orders rise 112% from Q-1 of '98. Now they are bringing the accessibility of the Internet to their popular product line.
The company's Internet site at www.monsoonintl.com will provide secure on- line transactions, product brochures, leasing forms and even product video presentations. The company recognizes that the Internet is revolutionizing the retail industry and redefining the business model for product marketing and fulfillment. The company plans to utilize technology to reduce cost of sales, increase margins, communicate with customers and vendors and take full advantage of electronic commerce and information exchange, via the Internet.
The Company's President, R. Douglas Dahl said, ''The Internet is the future and any company that wants to be a part of the financial landscape had better get on board.''
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