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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (2954)	7/6/1999 9:01:00 AM
From: swot	Respond to of 3896

newswire.ca 'Invisible Internet' Companies Like SCS Solars, Microforum, And Envoy To Experience Tremendous Growth, Lower Risk, Says Leading Canaccord Analyst SARASOTA, Fla., July 6 /CNW/ -- "Invisible Internet" companies that have a strong revenue stream will experience tremendous growth, and are the safest investment play among Internet stocks, advised David Wong, research analyst with Canaccord Capital of Canada. In an NewsMaker interview with Stockhouse.com, Wong focused on "invisible Internet" companies poised for growth -- those providing the background technologies and services to support the exploding Internet market. Wong shared his latest research on his most closely followed "invisible Internet" firms. Microforum's (Toronto: MCF) new project e-FINCOM.com, says Wong, is a credit approval system for financial institutions which he speculates will facilitate a standardized platform for credit approvals amongst all financial institutions -- worldwide. Wong states the company will be using its recent C$20 million financing for growth through acquisitions. The past two months unannounced revenues from Wong's recent pick, SCS Solars (Vancouver: SCS), have surpassed expectations with triple-digit growth. "Last quarter they did about US$60,000. Now they are up to US$100,000 a month...netting about US$40,000," says Wong. "And the more they add to their existing systems...their costs don't go up." Wong commented on Envoy's (Toronto: ECG) rumored Nasdaq listing. "As we speak they are working that," he said abruptly, and would not comment on timing. Envoy's revenues from Internet related advertising programs have grown to 50% of gross, repositioning Envoy as a new breed e-Marketing corporation. Wong reiterated his C$15.30/sh twelve-month price target stating Envoy is "still trading comparably cheap compared to the average US advertising companies." View the entire interview online at stockhouse.com . StockHouse Media Corporation owns leading online communities that cater to the Internet's affluent Netizens. Internet financial media service, StockHouse.com, provides breaking news about North American stocks. With over one million visitors per month, StockHouse.com has emerged as a premier, online, global financial content provider. StockHouse Australia, stockhouse.com.au , has been nominated the Investment/Financial Site for the Australian Financial Review/Telstra Australian Internet Awards (1999). The AFR/Telstra Awards is the premier competition for acknowledging and celebrating the achievements of Australian talent and expertise on the Internet. StockHouse Canada is the #1 Canadian financial website, where an estimated 21% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States of America, Canada, Australia, and Hong Kong.