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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (1849)	6/8/1999 12:21:00 AM
From: Q.	Read Replies (1) \| Respond to of 7056

next post: a new article earlier today from The Business Press/California. This is a regional print and online business magazine. The author of the article, Don Benson, wrote 5 earlier articles about the co. In one of those earlier interviews, Bradford refused to answer basic questions, like 'who is your advertising agency.' This time, Bradford simply didn't return his calls or emails.

To: bob sims who wrote (1849)	6/8/1999 12:23:00 AM
From: Q.	Read Replies (4) \| Respond to of 7056

BUSINESS PRESS June 7, 1999, Monday KR-ACC-NO: BP-WEB LENGTH: 467 words HEADLINE: Rancho Cucamonga, Calif., Web Portal Firm Seeks New Life after Setbacks BYLINE: By Don Benson BODY: Troubled Hitsgalore.com Inc. (OTC: HITT) is taking on all comers -- and there are many -- as it conducts its Web portal business in Rancho Cucamonga. The company has its hands full dealing with recent shareholder lawsuits, negative press reports and online message boards that criticize the company, as well as filing late Securities and Exchange Commission reports and launching a new ad campaign. The previously announced ad campaign, which began June 1, is a national radio blitz the company hopes will bring it as much attention as similar efforts have brought other Internet businesses, such as Amazon.com and eBay Inc. Hitsgalore.com said in a news release that the ads are completely prepaid. The radio markets targeted and schedule of broadcasts are not known. In an earlier interview, Hitsgalore.com Chief Executive Officer Steve Bradford would not reveal the name of the advertising agency being used for the campaign. Bradford is no longer accepting telephone calls, and did not answer questions e-mailed to him. Hitsgalore.com recently announced plans to file a lawsuit against anonymous posters on the Raging Bull and Silicon Investor online message boards. The company claims that several messages were "false, defamatory and malicious." On May 26, the company filed three late reports with the U.S. Securities and Exchange Commission. They included annual reports, known as 10Ks, for 1997 and 1998 and a report for the quarter ended Sept. 30, 1998. In its 10K filing for 1998, the company revealed that Dorian Reed, Hitsgalore's largest shareholder, spent 10 months in prison in 1992 for wire fraud. Reed resigned as a company director on May 13 following similar disclosures. In a news release, Bradford said the revelation about Reed's past imprisonment was made voluntarily in the SEC filing, even though it took place more than five years earlier. Reed resigned from Hitsgalore.com after news reports revealed he and two others had received a judgment from the Federal Trade Commission for $ 613,000 as the result of fraud charges in 1998. Before that story was published on May 11, Hitsgalore.com was flying high, with a stock price that rose from $ 2.38 in March to $ 20.69 on May 10. The stock had soared on monthly revenue reports by the company that showed a gain from $ 70,000 in January to $ 491,133 in April. Two law firms subsequently announced plans to file shareholder class-action suits against Hitsgalore.com. The company's stock price closed at $ 5.19 on June 2. Hitsgalore.com is a business-to-business Web portal and search engine that charges companies according to where they want to rank in keyword searches. ----- Visit The Business Press, Ontario, Calif., on the World Wide Web at thebizpress.com