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Technology Stocks : NetNation Communications, Inc - NNCI -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (39)	6/23/1999 8:53:00 AM
From: Carl Smith	Read Replies (2) \| Respond to of 121

Gator, some pertinent information netnation.com Provided you have the acrobat viewer the above link will provide you with NNCI's 1998 financial statement. Keep in mind that they were brought out by CBET (Collectiables Entertainment). Here is the press release: Quote Vancouver, April 8, 1999 - NetNation Communications Inc., Canada's largest E-commerce hosting solutions provider announced that it has been acquired by Collectibles Entertainment (OTCBB-CBET), a "shell" company, in order to become a publicly trading company. As part of the agreement Collectibles will issue 10 million shares from treasury to NetNation's shareholders and employees. Collectibles has arranged a $2 million financing in the form of 450,000 common shares at $2.00 per share and $1.1 million in convertible debentures convertible at $2.00 per share. At the conclusion of the transactions, after an existing one million share control block of restricted shares will be cancelled, Collectibles (as the amalgamated entity) will have 14,547,000 basic and 15,097,000 fully diluted shares outstanding. As a group, the shareholders and employees of NetNation will own over 66% of the outstanding shares of the Company. Mr. David Talmor (MBA, CPA), President and CEO of NetNation, has been appointed as President, CEO and Director effective immediately with Mr. Ernest Cheung staying on as Director. The Company will file to change its name to NetNation Communications Inc. to reflect its new business direction and will apply for a symbol (''ticker'') change at the same time. As soon as the change is effective, the symbol CBET will be dropped and investors who want to follow future developments or buy shares of the company will need to use the new ticker symbol instead.NetNation's website, www.netnation.com, will be continually updated with relevant information for current and prospective investors. NetNation Communications, Inc. is a Vancouver based E-commerce hosting solutions provider ranked top 10 in the world by HostIndex, a leading web site that evaluates and ranks web hosting companies. NetNation offers services to make it easy for merchants to setup online stores and sell their products. Services include domain name registration, hosting and payment processing. NetNation has rapidly grown having registered more than 17,000 domain names for customers in 90 countries. unquote Hope this helps. They are applying for Nasdaq small cap listing which should be completed before the next earnings release. Along with this listing will come improved reporting requirements. They are opening an office in London next week. So all in all I don't see much of a negative bias to there stock action. Only positive news each month. For a good insight into the CEO anticipated activity in moving this company forward you might want to listen to his comments at the following link: vcall.com With all non-reporting companies a bit of caution needs to be exercised. But hopefully once your research is complete you'll see that this company does have promise. I too would suspect any company that gets 'touted' through e-mail - however in this case I hope it is the exception! Carl