Whatsonline.com new release:
May 25, 1999 12:17
PAR Analyst Announces Investment Opinion on Whatsonline.com; Assigns Speculative Buy Rating to Whatsonline.com, $8 to $10 Target in 12 Months in Review Distributed by Investrend Research
NEW YORK--(BUSINESS WIRE)--May 25, 1999--Public Analysis & Review (PAR), the unique professional independent analyst program administered by the non-profit Investors Research Institute, Inc., and distributed by Investrend Research, announces that Darren E. Robinson, CFA, professional analyst qualified in the PAR program, has initiated coverage of Whatsonline.com (OTCBB:WHAT), with a 'Speculative Buy' rating, establishing a 12 month target of $8 to $10.
The report follows. PAR has posted a downloadable report, including disclaimers which should be read before investing, at investrend.com .
Date of Report: May 25, 1999 Shares Outstanding: 23,052,404 Recent Stock Price: $4 3/8 Estimated Float: 14,040,404 52 Week Range: $.875-$5.50 Recommendation: Speculative Buy Market Capitalization: $86,446,515 Target Price: $8 to $10 in 12 months
Whatsonline.com (OTCBB: WHAT) is an aggregator and presentation portal for targeted Internet streaming media content. The Company offers a large, comprehensive selection of Internet programming, including sports, news, business and finance, health and medicine, technology, politics, and religion. WHAT also intends to broadcast, on a worldwide basis, live pay-per-view seminars and entertainment, trade shows, conferences, and training events. The Company has offices in Buffalo, New York, Richmond Hill, Ontario, with planned openings in London, England and Singapore.
The development of streaming media technology, led by Real Networks (Nasdaq:RNWK) and Microsoft (Nasdaq:MFST) is rapidly changing the internet from a medium of text oriented information to a more interactive medium. Near broadcast quality is now available through streamed audio and video. Whatsonline.com is poised to take advantage of this change by offering the latest in streamed audio and video content to the World Wide Web audience.
The recent joint venture with Hollinger Digital as the exclusive provider of streamed content to their UK portal, Ukmax (http://www.ukmax.com) solidifies WHAT as a contender in the streaming media industry. Ukmax is one of the fastest growing portals in Europe.
The company has a strong balance sheet and is debt free. Its management team is aggressive and experienced and should be able to move Whatsonline.com to one of the contenders in the streaming media field. A comparison to other internet content providers such as Broadcast.com (Nasdaq:BCST), Vertical Net (Nasdaq:VERT), CNET (Nasdaq:CNET), Infospace (Nasdaq:INSP) and Sportsline USA (Nasdaq:SPLN) leads us to conclude that WHAT is trading at a significant discount based on the market valuations of these companies.
Darren E. Robinson, CFA is a member of the Toronto Society of Financial Analyst and the Association for Investment Management and Research. He has over 6 years of Financial Services experience including working as a mutual funds analyst at Dundee Mutual Funds. Along with being a CFA charterholder, he has completed course work with the Canadian Securities Institute and holds a bachelor of Arts degree in Mathematics from York University. PAR analysts are profiled at investrend.com .
CONTACT: Darren E. Robinson, CFA
905/472-2090
darrenrobinson@home.com
or
Whatsonline.com
Terry Johnston
800/798-9398
whatsonline.com
or
Investors Research Institute, Inc.
C. Partridge
212/484-4747
investrend@usa.net
investorsresearch.org
investrend.com
ps: I will try to set up a Whatsonline.com thread.
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