Bull Market Report adds EFAX to Internet Portfolio
Note: We have added eFax (EFAX) to our Internet Portfolio as announced in last night's letter. Since you could have bought the stock at any time during the day, we have taken the average of the high and low and will place $20 in our table as the purchase price. We hereby place a 12-month price target of $30 on the stock. If met, this is a 50% return
$$$$$ EFAX.COM CEO ADDRESSES HI-TECH CONFERENCe
CEO of Leading Fax-to-Email Provider Discusses Company's New Internet Strategy at Premier IT Forum
MENLO PARK, Calif.--(BUSINESS WIRE)--March 24, 1999—Rudy Prince, CEO and co-founder of eFax.com (EFAX), yesterday addressed IT investors, analysts, and key media, during the ''Technology Implications: Who's Going to Win & Why'' session at Gartner Group's Dataquest Predicts '99 Conference.
As one of the IT industry's largest strategic executive forums, the Conference draws thousands of attendees annually, and runs from March 22-24 in San Diego, Calif. Dataquest Predicts '99 is designed to provide IT executives with strategic market intelligence to help anticipate the future of this fast moving industry.
Prince told the IT crowd gathered at the San Diego Hyatt how eFax.com is spearheading today's paper to Web revolution with the company's two flagship Internet products, eFax.com, a free fax-to-email consumer service, and HotSend(TM), free software to read any email attachment. "eFax.com is already easing the frustrations and hassles of trying to receive documents remotely,'' Prince said. "For example, since our breakthrough service eFax.com was introduced in February, over one hundred thousand customers signed up in less than a month for the new Internet service. eFax.com is well ahead of the curve,'' he noted. By 2003, Prince estimated that 20 percent of all fax documents will be received by email via the Internet.
In addition to Prince's speech, eFax.com was one of the high-tech companies featured in the Gartner Group's Emerging Technology Pavilion, which offered business leaders a glimpse of the future IT products and services most likely to influence consumer and business lifestyles over the next decade.
As the world's leading authority on IT, GartnerGroup provides clients with a wide range of products and services in the areas of IT advisory services, measurement, research, decision support, analysis and consulting. Founded in 1979, with headquarters in Stamford, CT, GartnerGroup serves Fortune 1,000 companies from 80 locations worldwide. GartnerGroup's unique capabilities and resources help bring clarity to the direction of the world's hottest and most volatile industry. Additional information about the company is available on the World Wide Web at www.gartner.com
About eFax.com
For more information, call 650-324-0600, fax (650) 326-6003, or visit www.eFax.com .
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