INFO Infonautics, Inc spam news letter alert, they are going to be pushing Crap this week. I like sleuth but the company is trash
Subj: March Profile from STOCKFIRST for Floyd
Date: 4/1/99 8:33:12 PM Pacific Standard Time
From: newsletter@stockfirst.com (Stockfirst Newsletter)
To: Floyd
Dear Floyd,
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STOCKFIRST'S MARCH PROFILE
Infonautics, Inc.
(Nasdaq Small Cap : INFO)
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MARCH PROFILE
Name of the Company : Infonautics, Inc.
Ticker Symbol : INFO Exchange : Nasdaq Small Cap
Current Price : Bid $ 3.75 Offer $ 3.875
Closing Price on March 31, 1999 : $ 3.875
Address :900 West Valley Road
Suite 1000
Wayne, PA 19087
Phone : (610) 971 - 8840
Fax : (610) 971 - 8859
e-mail : info@infonautics.com
website : www.infonautics.com
Shares Outstanding 11,500,000
Est. Float 5,099,000
Market Cap. 44,562,500
52 Week High : $ 10.50
52 Week Low : $ 0.875
Average Daily Volume : 152,000
Fiscal Year End December 31
Investor Relations Contact : Infonautics, Inc.
BOB Wright
(610) 225-6356
BUSINESS SUMMARY
Infonautics Inc., is a leading Internet information provider of online information services for schools, libraries, businesses and consumers. Over four years ago Infonautics revolutionized the business of online research by making it possible for anyone, anywhere to have access to a huge digital library of trusted information. Today one of their core businesses is "Electric Library" (www.elibrary.com) which is one of the most popular information resources available in schools and libraries. elibrary.com is licensed to more than 9,500 schools and libraries in all 50 states. It is also one of the leading consumer subscription services on the World Wide Web, with more than 52,000 individual subscribers.
Building on its success in the information markets, this year Infonautics launced and enhanced service, "Electric Library Business Edition", to serve the demanding needs of professional and business researchers.
Its newest Internet information service, "Company Sleuth" (www.companysleuth.com), a free service that uncovers hard-to-find and seemingly hidden business information on the internet and continues the company's tradition of innovation and service to individual users. The service is designed to provide investors, entrepreneurs, marketers and corporate executives with the advanced information they need to make informed financial and business decisions.
FINANCIALS
Revenues of $ 4.6 million were reported for the fourth quarter 1998, an 88% increase over $ 2.5 million in last year's comparable period.
For year ending December 31, 1998, Infonautics reported revenues of $14.9 million, up 118% from $ 6.8 million for 1997.
"We're extremely pleased with the continued growth of our customer base," said Van Morris, President and Chief Executive Officer of Infonautics. "In just two years, Electric Library has taken its place among the leading information services favored by schools and libraries across the country," he said. "That's really begun to be reflected in the company's revenue numbers."
Commenting on Infonautics' newest product, Mr. Morris said "Reaction to Company Sleuth has been very positive. It has generated close to 100,000 registered users since its launch last October, and while revenues are not yet significant, it is currently generating over 5 million page views per month. We intend to build on this momentum by launching a new product, Job Sleuth(tm) and a premium version of Company Sleuth, early in the second quarter."
New sales bookings of $ 20.7 million were reported in 1998, up 65% compared to $ 12.6 million in 1997. Sales bookings for the fourth quarter were $ 5.4 million, an increase of 15% over the same period last year and a decrease of 8% from the preceding quarter. Sales bookings represent the value of firm, non-cancelable customer commitments that convert to revenue over the life of the contract. Fourth quarter 1998 sales bookings were impacted by the company's shift away from its knowledge management service, Intellibank, and an underperforming remote sales office, but were offset somewhat by increased international sales bookings.
Yearend 1998, Infonautics reported assets of $ 7.4 million including $ 3.3 million of cash and cash equivalents. On February 12th the company announced that it had secured an additional $ 3 million of convertible debt financing.
Infonautics reported a net loss of $ 3.8 million for the fourth quarter or $ 0.36 per share, compared with a net loss of $ 4.1 million or $0.43 per share. Shares of the company's outstanding Common Stock increased 21% during the fourth quarter to 11,500,000, due primarily to the conversion of preferred stock into common stock by the institutional investment fund with which the company entered into a private placement in July of 1998. The company has recently repurchased the remaining unconverted preferred stock from the institutional investment fund and company and the fund have agreed not to engage in additional financing under the July 1998 private placement.
The company's deferred revenue and backlog was $ 12.0 million at the end of the year, up 91% from $ 6.3 million at December 31, 1997
At the end of 1998, elibrary.com was licensed to roughly 10,500 schools and libraries and had more than 60,000 individual subscribers. In addition, paying customers of elibrary.com downloaded over 20 million documents in 1998, more than doubling the 9.5 million downloads from the prior year.
RECENT NEWS
Company Sleuth Reaches Membership Milestone
WAYNE, PA. (March 8) BUSINESS WIRE - March 8, 1999 - Free Online Business Information Service Surpasses 100,000 Registrants
Infonautics, Inc (NASDAQ : INFO), a leading Internet information company and provider of online research and reference services, today announced that more than 100,000 Internet users have registered with Company Sleuth(tm) (www.companysleuth.com), its free online business information service.
Company Sleuth thoroughly searches the Internet for news and information for investors, entrepreneurs, marketers and corporate executives about the business activities, financial moves and Internet dealings of their competitors, investments, prospects and clients. Delivered daily to subscribers in the form of e-mail reports, the information uncovered by Company Sleuth often has not been officially announced or reported.
"This key membership milestone underscores the desire of Internet users for highly personalized business information delivered to their e-mailbox," said Van Morris, President and Chief Executive Officer of Infonautics Corporation. "Company Sleuth brings together hard-to-find and potentially critical information about publicly-traded companies. It's an effective and convenient way to keep abreast of key developments that might not have come to light through any other means."
As part of its efforts to brand Company Sleuth as the leading online provider of free, legal inside business information, Infonautics recently announced marketing and distribution relationships with more that a dozen leading Web sites, including Ask Jeeves, Raging Bull, Nando.net and Stocks.com.
Infonautics also announced that its Electric Library subscription services has recently passed 70,000 paying subscribers.
MANAGEMENT
VAN MORRIS
Van Morris is President and Chief Executive Officer of Infonautics, Inc. Mr. Morris has more than 20 years of experience in general management and marketing at high technology companies. Prior to joining Infonautics, Mr. Morris worked with the Legent Corportation as Vice President and General Manager for its Distributed Systems Management Division. Before his role at Legent, Mr. Morris had been Vice President of Worldwide Marketing for the Data Center Management Division of Goal Systems. Mr. Morris received a Bachelor of Arts degree in Management from Duke University.
JOSH KOPELMAN
Joshua M. Kopelman is Executive Vice President and co-founder of Infonautics, Inc., and General Manager of the Electric Library business unit. He is responsible for marketing, sales and strategic partnering for Infonautics' online services business. Prior to founding Infonautics, Kopelman worked in corporate development at Telebase Systems, Inc. (currently known as N2K). Before that Mr. Kopelman was at the New York venture capital firm PolyVentures, LP, conducting financial analysis, business plan screening and due diligence investigations of high-technology startup firms. Mr. Kopelman earned a Bachelor of Science degree cum laude in Entrepreneurial Management and Marketing from The Wharton School of the University of Pennsylvania.
BILL BURGER
William R. Burger is Vice President of Content and Media Services of Infonautics, Inc. Mr. Burger is responsible for the company's relations with publishers and content creators, including the more than 400 companies that have licensed material to Infonautics for use on the company's Information services. He also oversees the company's sales and marketing of online publishing services to publishers to assist them in extending the value and brand of their content to the Web. Mr. Burger joined Infonautics in January 1997 from AT&T, where he was the Director of New Media Development and Educational Initiatives for that company's Messaging, Wireless and Multimedia group. At AT&T, Mr. Burger was responsible for introducing voice-messaging services into primary and secondary schools as part of the AT&T Learning Network program. Prior to that, Mr. Burger spent 14 years at Newsweek magazine as a senior editor, senior writer and foreign correspondent. Mr. Burger graduated from Stanford University in 1980 with a degree in political science.
LLOYD N. MORRISETT
Lloyd N. Morrisett is the Chairman of the Board of Directors for Infonautics,Inc. From 1969 to 1998, Mr. Morrisett was President of the John and Mary R. Markle Foundation, which supports the development and use of communication and information technology to enhance lifelong learning. Previously, Mr. Morrisett was Vice President of the Carnegie Corporation of New York and of the Carnegie Foundation for the Advancement of Teaching. More than two decades ago Mr. Morrisett helped found the Children's Television Workshop, producers of Sesame Street and other educational television programs for children, and he continues to serve as Chairman of the Workshop's Board of Trustees. Today Mr. Morrisett also serves as a member of the Board of Trustees of the RAND Corporation and as a Director of WEBS Index Fund, Haskins Laboratories, Inc., and the Public Agenda Foundation
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