Research Report Due on ANWK Soon
BTW Found this on the internet
SAN FRANCISCO--(BUSINESS WIRE)--March 8, 1999--Managesource Research today announced that they are initiating coverage of Virtuallender.com, Inc. (OTCBB:VLDC) with a speculative buy rating.
Virtuallender is a publicly traded company engaged in electronic mortgage lending via the Internet. Virtuallender.com trades on the OTC Bulletin Board under the symbol VLDC.
The company conducts most of its business through the utilization of advanced electronic media based on the world-wide-web. Financial services have slowly become an integral part of the Internet and have gained greater and greater acceptance from the public and private sectors as a viable alternative to traditional institutions.
The new technologies allow businesses based online to increase the speed and service of transactions while keeping costs low due to lower costs of personnel and office space. These efficiencies of scale can be passed on to the client in the form of reduced costs.
Virtuallender.com has two primary business objectives. First, is to establish and maintain a profitable retail residential mortgage lending and brokerage business by originating sub-prime loans over the Internet. The second objective is to establish a profitable commercial mortgage lending and brokerage business over the Internet.
Managesource Research is an independent equity research firm that specializes in coverage of micro-capitalized companies. They currently provide coverage of Starnet Communications (OTCBB:SNMM), Auto Network Group (OTCBB:ANWK), BoysToys.com, Inc. (OTCBB:GRLZ) and others. Managesource is located in San Francisco.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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CONTACT: Managesource Research
Douglas Rogers, 415/793-6663
doug@managesource.com |
