Versus Technologies Inc. (Canada) IPO Message Board

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Gold/Mining/Energy : Versus Technologies Inc. (Canada) IPO

V 345.63

+6.1%

Dec 11 4:00 PM EST

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To: arisetech who wrote (38)	4/6/1999 5:19:00 PM
From: arisetech	Read Replies (1) of 131

From: newsout@canada-stockwatch.com Date: Tue, 06 Apr 1999 09:20:39 -0700 Subject: Stockwatch: Versus Technologies Inc - News Release To: Versus to keep E+TRADE Website open for free trial memberships Versus Technologies Inc V Shares issued 11,009,749 Apr 5 close $11.75 Tue 6 Apr 99 News Release Ms. Colleen Moorehead reports Versus Technologies will now keep its E+TRADE Canada Website open for free trial memberships. The decision to keep the Website open resulted from the popularity of E+TRADE Canada's first trial membership program begun earlier this year, as well as a recent membership survey showing that on-line Canadians are eager to explore investing on the Internet. The survey also asked trial members about the importance of nine different factors in selecting an on-line investing service. Top factors chosen as extremely important were: investment tools and research; security; trading fees and commissions; and speed of order execution. With the continuing membership program, investors will receive a free 60-day trial membership that enables them to try out E+TRADE Canada's comprehensive investment tools and research for equities, mutual funds and options. Members must sign up as clients in order to trade. Clients can trade up to 1,000 shares for a flat fee of $27 per trade, and also pay no commissions on more than 900 mutual funds. E+TRADE Canada's site is at canada.etrade.com Key Survey Highlights More than 18 per cent of trial members responded to the E+TRADE Canada survey. Of the survey respondents, 58 per cent currently don't invest on-line. However, 81 per cent of respondents said they were extremely likely or likely to trade on-line in the next 12 months. Twenty-nine per cent of respondents currently have their primary investment account with a traditional full-service broker. Despite this, 77 per cent of these full-service clients say they are likely or extremely likely to invest on-line in the next 12 months. Members were asked to rate the importance of key factors in choosing an on-line investing service. Top factors considered extremely important are: investment tools and research; security; trading fees and commissions; and speed of order execution. Members were also asked how strongly they agreed or disagreed with a series of statements about on-line investing. Eighty-nine per cent of respondents agreed or agreed somewhat that investing on-line is more convenient. Seventy-two per cent agreed or agreed somewhat that they get better value by investing on-line. Only 17 per cent agreed or agreed somewhat that on-line investing is confusing and complex. Only 9 per cent disagreed or disagreed somewhat with the statement that it's safe to invest online. Only 16 per cent disagreed or disagreed somewhat with the statement that they can get all the information and research they need on-line. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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