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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: BANCHEE who wrote (608)4/25/1999 11:48:00 AM
From: BANCHEE  Read Replies (1) of 954
 
All
Looks like we have another back Door IPO.
Posted from another thread....

To: InternetStockMan2000 (1383 )
From: topdown
Saturday, Apr 24 1999 5:07PM ET
Reply # of 1389

Anyone read this post from the Yahoo thread? It has my attention. What do you think?

This post is to inform you, of an emerging INTERNET IPO INCUBATOR similar to
CMGI and
WCAP. The Due Diligence on TPEG has been completed and all the information
contained herein may
be verified by calling the contact list at the bottom.

TPEG has recently purchased 500,000 shares of the newly formed internet company
MCY
mcy.com MCY.COM represents the future in SECURE ONLINE
DIGITAL MUSIC
DISTRIBUTION and has attracted the 5 major record labels- EMI, BMG, Sony
Music, Universal
Music, and Warner Music mp3.com . In the coming weeks,
GOLDMAN
SACHS CO. will underwrite the MCY.COM IPO to the tune of approximately $350
Million. TPEG's
equity stake in MCY.COM(500,000 shares) represents 5% of the company.
MCY.COM is a
member of the Secure Digital Music Initiative(SDMI) and will provide the specification
for digital music
security.

TPEG has purchased a 27% equity stake in Flowersandgifts.com. Phase II of the F&G
website will be
unveiled on May 1. It will showcase the F&G proprietary search engine technology.
Three
underwriters have been selected for the Flowersandgifts IPO including Joseph Stevens.
The F&G IPO
will consist of 2 million shares priced between $12-15 per share. The IPO will be filed
within the next 2
weeks to coincide with the PC FLOWERS IPO.

TPEG has also purchased a 9% equity stake in Pacific Softworks
pacificsw.com . Pacific
filed for its IPO on 26 March. Of the 800,000 shares available in the IPO, Hitachi
Corporation is
interested in purchasing 700,000.

TPEG has also acquired an ISP located in Santa Clara, CA to showcase its involvement
with
Time-Shifted Television(The Emergence of Video Servers in the Living Room).

Contacts:
MCY Music Jim Burger: 212-620-3999
Strategic Capital Consultants: 323-936-2855
Goldman Sachs: (212) 902-1000
Pacific Softworks CEO Glenn Russell: 800-541-9508
Flowersandgifts CEO Don Rosacker: 800-775-8530
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