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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (29225)3/25/1999 1:13:00 AM
From: Jenna  Read Replies (1) of 120523
 
PICK. Here is a stock that I mention without any hoopla or claims of doubling or tripling. I have watched this for a few weeks now and should probably have mentioned it before today. Our new programmer and webmaster does work at Pick Communications so I've gotten a good view of this company and so far it looks pretty good. This is NOT a recommendation to buy just an observation to 'look' and check it out.

Tuesday March 23, 9:53 am Eastern Time
Company Press Release
PICK Communications Forms New Subsidiary - PICK ONLINE.COM
WAYNE, N.J.--(BUSINESS WIRE)--March 23, 1999--PICK Communications Corp. (''PICK'') (OTCBB:PICK - news) announced today the formation of a new subsidiary, PICK ONLINE.COM INC. The new company will be an innovative aggregator and delivery provider of audio and video streaming content to what it calls the ''Edge of the Internet''.

Diego Leiva, Chairman and President of PICK, said ''PICK ONLINE.COM will offer radio and TV stations a unique ability to reach an audience in the manner IP Multicasting was intended to, but in a more effective and economical way. We are very excited about the next generation solution to delivering audio and video streaming to Internet Service Providers (ISP) and to Broadband Networks including Cable Modem and Asynchronous Digital Service Line (ADSL) service providers.''

Mr. Leiva added, ''Microsoft has been a critical partner in the development of the PICKSat platform and PICK ONLINE.COM. Their contributions have included integration of Microsoft Windows NT, Microsoft Commercial Internet Server (MCIS) and the Windows Media Technology onto our platform.''

Raul Alarcon, Sr., who is Chairman of the Board for the Spanish Broadcasting System and who owns stations all over the United States and Puerto Rico, commented, ''We are the first radio stations to be broadcast in this innovative method. PICK ONLINE has shown us how multicasting via satellite will soon deliver our signals to more listeners via the Internet than ever before possible.''
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