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To: American Spirit who wrote (81043)	6/29/1999 11:15:00 PM
From: Trade4$	Respond to of 119973

QSSY has news to make it shoot up again: Q-Seven Systems Inc. Signs Letter of Intent with Beth Shearim AG for European Online Brokerage BusinessWire, Tuesday, June 29, 1999 at 11:52 MONHEIM, Germany-(BUSINESS WIRE)--June 29, 1999--Q-Seven Systems Inc. (OTC BB:QSSY) is pleased to announce that a letter of intent was signed today by Beth Shearim AG of Kaarst, Germany, and Q-Seven Systems Inc. stating that Beth Shearim AG will use Q-Seven Systems' Software to open an Online Brokerage Service in Europe. The letter was signed after Philipp Kriependorf, President of Q-Seven Systems, and Marc Wallendorf, Managing Director of Beth Shearim, had returned from New York where details of the project had been discussed with several large American Brokerage Houses. The online brokerage service will cater especially to the German speaking market which is currently evolving into the largest European Internet market. A large variety of financial products are planned to be made available to German investors -- including stocks, stock options, futures and commodities. With its entry into the market, the company plans a stock market simulation game that will assist in presenting the system to the public. According to the management of both companies, it is planned to hit the market before E-TRADE (NASDAQ:EGRP), one the largest American online Brokers opens its European subsidiaries. The Management of Beth Shearim plans to establish a new German company to run the brokerage service. In addition to payment, Q-Seven Systems Inc. will receive a percentage of ownership in the new company for its services. Q-Seven's User Management Software can be used to run various kinds of internet businesses. However, the Company focuses on the fastest growing and most lucrative industries on the net: online gaming, online shopping and adult entertainment. Q-Seven's site can be visited at: www.q-seven.com.

To: American Spirit who wrote (81043)	6/30/1999 11:50:00 AM
From: American Spirit	Respond to of 119973

ONEM article: OneMain.com Inc. (ONEM) wants to be the hometown Internet service provider for Anywhere, USA. In recent weeks, Wall Street hasn't made OneMain.com feel very much at home, driving down its stock price after an explosive initial public offering in March. But the company believes its strategy of providing geographically oriented Web access to underserved areas - as opposed to creating one giant virtual network - is paying off. OneMain.com is "highly confident" that its results for the second quarter ending Wednesday will beat analysts' estimates, Chairman and Chief Executive Stephen E. Smith told Dow Jones Newswires. OneMain.com expects to report a second-quarter loss narrower than the First Call Corp. consensus estimate of $1.07 a share, on revenue exceeding estimates of about $21 million, Smith said. He also predicted second-quarter earnings before interest, taxes, depreciation and amortization, or EBITDA, would be narrower than the negative $4.5 million analysts expect. Year-ago comparisons aren't meaningful due to the March IPO. The company expects to report second-quarter results around the third week of July. 'Creating A Series Of Geographic Communities' Continued subscriber growth has driven the improved results, Smith said. He expects the company to beat analysts' projections of 20,550 new subscribers for the second quarter, adding to the existing base of about 418,000 subscribers. And even more subscriber growth appears to be on the horizon for OneMain.com, which ranks among the top 10 ISPs. The company might announce this week the acquisition of a regional ISP, Smith hinted, declining to provide further details. "We're a very unique niche in the Internet service provider space," Smith said. "Instead of creating a large virtual network out of our network, we're actually creating a series of geographic communities." With customers in 11 states, OneMain.com, Vienna, Va., doesn't serve any of the 25 largest metropolitan areas in the U.S. In roughly half of OneMain.com's coverage area, access to top ISP America Online Inc. (AOL) requires a long-distance phone call, Smith said. OneMain.com provides local phone numbers for Internet connections. In these underserved areas, online users want a "localized feel" to their Internet access, Smith said. OneMain.com provides this feel by offering information, advertising and links to other Web sites focusing on the user's community, Smith said. OneMain.com is the amalgamation of 18 small ISPs whose merger was funded with the nearly $190 million raised March 24 in one of the largest Internet IPOs in history. The integration of these various properties, plus two recent acquisitions, are ahead of schedule and below budget, Smith said. The integration includes creating one common brand and a common billing system. CEO Calls OneMain.com Stock Undervalued Smith said the company's recent stock performance surprises him. The shares traded as high as 46 3/4 on March 25, the day after they were priced at $22, but closed Monday at 17 5/8, down 3/4 for the day. They were recently up 1/4, or 1.4%, at 17 7/8. Smith attributed the price decline to a drop in the volume of shares traded, perhaps due to individual investor selling to meet margin calls. But he is heartened that the stock still has strong institutional ownership. He called the stock undervalued. "Fundamentally our business is stronger than the stock price would suggest," Smith said. ISPs like OneMain.com have come under pressure to team up with non-ISP partners. Illustrating this, reports surfaced last week that computer maker Gateway Inc. (GTW) was in talks to acquire EarthLink Network Inc. (ELNK), one of the top ISPs. Analysts envision ISPs partnering with telecommunications concerns, PC makers and Web content providers. Smith thinks the trend will be ISP partnerships with PC makers. OneMain.com itself has held talks with computer makers, though Smith declined to comment further. Meantime, OneMain.com will pursue organic growth of its subscriber base of about 12% to 15% each quarter, as well as acquire additional leading midsize ISPs with at least 15,000 subscribers. - Peter Loftus; 201-938-5267; peter.loftus@dowjones.com