SIGNIFICANT NEWS ISSUED BY COLLECTIBLES ENTERTAINMENT INC.
>
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>
> >New April Buy Recommendation: Collectibles Entertainment Inc.
> >Ticker Symbol: CBET
> >Current Price: $4
> >Past 5 Day Trading Range: $5.00-$3.40
> >Short-Term Target Price: $8.00 to $10.00 per share
> >Past 60 day High/Low: High: $5.00 Low: $1.88
> >Shares Outstanding: 15.1 million (66% held by NetNation Insiders)
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> >
> >The Internet Business Review (IBR) is pleased to bring you Collectibles
> Entertainment Inc.(Ticker: CBET) as our April Stock
> >Recommendation. At the close of the market on Monday, April 5th, IBR
> discovered a significant new development with
> >Collectibles Entertainment Inc. and privately held NetNation
> Communications Inc. IBR feels that this significant development
> >could result in drastically higher prices for CBET as NetNation is
> acquired.
> >
> >Late last week we saw some of the key Internet stocks regain some lost
> ground. Today Mindspring Enterprises Inc. (NASDAQ:
> >MSPG), a competitor of NetNation, closed up a whopping $22 to $111.25.
> We
> believe that now is the time to take a serious look
> >at some of the Internet related stocks that have not run up yet. IBR
> believes that Collectibles Entertainment Inc. is one
> >important stock to take a serious look at. On Thursday April 1,1999,
> NetNation Communications Inc., the largest Web Site
> >Hosting company in Canada, announced that it had been acquired by
> Collectibles Entertainment, Inc.(OTCBB: CBET, $4.00). IBR
> >finds this to be an interesting development as NetNation holds the
> reputation of being a reliable and rapidly growing ISP.
> >IBR expects that Collectibles will change their name/symbol to
> NetNation
> in the near future.
> >
> >NetNation is a leading provider of Web Site Hosting and related
> enhanced
> Internet services to small and medium sized
> >businesses. They currently have over 14,000 domain names registered and
> serve about 6,000 business web sites. The company
> >currently has customers in 71 countries with a geographical revenue mix
> of
> 57% U.S., 25% Canada and 18% international.
> >According to InterNIC's database, NetNation is ranked among the top 60
> web
> site hosting companies worldwide.
> >
> >According to Tophosts.com, an Internet guide and directory of web
> hosts,
> NetNation is ranked #6 in North America (two spots
> >above Mindspring, $111.25) as a host with connections to a commerce
> company providing credit card merchant accounts.
> >NetNation is able to combine an excellent Internet connection, many
> international offices, and decent pricing to create a
> >tough-to-beat offering. We found their traffic allowances to be quite
> good
> compared to some hosts. Altogether, NetNation has
> >taken a very common sense approach to their hosting packages. We
> believe
> they have been well thought out and don't seem to be
> >lacking anything. If you are looking for a host with an excellent
> connection, and 888 support at a decent price, head over to
> >NetNation.
> >
> >In addition, Hostindex.com a well known Web Hosting Index guide, ranks
> NetNation as #5 in North America. They describe
> >NetNation as a quality web hosting company with offices based in
> Vancouver, BC and Silicon Valley, CA. NetNation provides its
> >user's with an extremely well built infrastructure while remaining
> competitively priced with packages starting at $20/month
> >for 50MB of space.
> >
> >IBR will continue to follow the developments of NetNation in its post
> acquisition phase. Its remaining share structure will
> >leave only 14,547,000 basic and 15,097,000 fully diluted shares
> outstanding. In total, the shareholders and employees of
> >NatNation will own over 66% of the outstanding shares of the new
> company
> (CBET).
> >
> >IBR feels that NetNation's great business strategy and tight stock
> structure may cause its shares to escalate rapidly once
> >the acquisition announcement becomes widespread. Look for short-term
> volatility which may cause the price to escalate to the
> >$8.00-$10.00 price range. Relative to other ISP's, NetNation is
> considerably undervalued. IBR believes that NetNation's
> >long-term price target will be much higher than its short-term price
> targets, especially if a NASDAQ listing is pursued.If
> >this occurs, it could attract many institutional buyers.
> >
> >
> >DISCLAIMER:
> >The information presented herein is believed to be from reliable
> sources,
> but can not be guaranteed. Nothing contained herein
> >should be construed as investment advice. You are advised to obtain
> investment advice from a reliable securities broker,
> >registered investment advisor, or financial planner. The Internet
> Business
> Review (IBR), its principals, officers and
> >employees assume no responsibility for the success or failure of any
> investment decisions made as a result of the information
> >presented herein. The reader should assume that IBR, its principals,
> officers, and employees have a vested interest in the
> >companies presented herein, which may have been acquired under terms
> and
> conditions not available to the public. IBR has not
> >received any compensation from NetNation Communications Inc. or
> Collectibles Entertainment, Inc. for the dissemination of
> >this report.
> >
> >
> >Related links:
> >http://quotes.freerealtime.com/dl/frt/news?symbol=cbet&art=091b1115
> >http://biz.yahoo.com/bw/990401/collectibl_1.html
> >
> > |
