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Gold/Mining/Energy : Canadian Internet Stock Discussion - Come on in... -- Ignore unavailable to you. Want to Upgrade?

To: LABMAN who wrote (229)	7/16/1999 3:19:00 AM
From: John Fairchild	Read Replies (1) \| Respond to of 257

Anyone here follow EKP-A (Ecompark). They seem to be gaining an interest in a lot of private internet companies before the IPO launch. EKP describes itself as "a fully integrated Internet company incubator". Here is a bit of an overview. EcomPark's two wholly-owned subsidiaries, Generation Net and Rollercoaster Studios Inc. provide Web development services, e-commerce solutions, strategic Internet consulting as well as develop Internet media assets for EcomPark. rollercoaster.net webdev.generation.net A wholly-owned subsidiary of EcomPark, StorageOne.com will position itself online as a business-to-business, niche focused, web-based intermediary between major suppliers of storage and computer peripheral equipment and Value Added Resellers (VARs) and Systems Integrators worldwide storageone.com Ecompark's new website still under developement @ ecompark.com./ Letter of intent purchase 14.4% of Sam The Record Man on line business for $1 mil + 5.6% option for 296,296 EKP shares. Mr. McMahon (EKP), whose company is taking these equity stakes in the hope of later taking some of the companies public, says the price for Sam's was cheap. "When we go public, it will be worth substantially more than that," he said. "Sam's is an established brand name. It has 65 locations, it's been in business for years and has more than 300,000 titles." Sam Sniderman, the 78-year-old patriarch of the retail chain, says he'd "love to go public" and points to valuations for companies like Amazon.Com Inc. "Who knows what the possibilities for us would be? At $1-million, this is a bargain [for EcomPark]." samcd.com "Since changing its name this month from Storage One Inc. under which it was listed on the ASE, EcomPark has been aggressively investing in e-commerce companies. In the past three weeks it has acquired 40% of Healthscreen.com Inc., an online billing service for doctors and a 30% stake in Zconnexx Inc. a portal site for companies looking to establish an Internet presence." healthscreen.com 10% interest for $250k + 30% option for 700K EKP shares. yellowpage.net 20% interest for US$250k + 10%option for 500k EKP shares. EKP also has a small piece of petopia.com original investment was for 5.7% interest but that has shrunk considerably with big money moving in with PETCO in the deal. EcomPark Inc. ("EcomPark") is pleased to announce that petopia.com, one of EcomPark's early stage investee companies, has secured US $66 million in investment arrangements from two major strategic investors, Groupe Arnault, an affiliate of European consumer products giant LVMH Moet Hennessey Louis Vuitton (LVMH) and PETCO, one of the nation's largest pet supply retailers. With unmatched capital resources and strategic distribution agreements, petopia.com has catapulted to a leadership position in the online pet food and supplies market. petopia.com's total investment arrangements now exceed US $79 million, making it the best funded in this burgeoning category. The Groupe Arnault partnership positions the company for rapid international expansion through LVMH's European presence and recent focus on e-commerce. At the same time, domestically, petopia.com's agreement with PETCO solidifies nationwide distribution capabilities, offers competitive product pricing and extraordinary reach with in-store co-marketing programs. 207.236.71.63 An interesting company with obvious connections and some notable talent. Yorkton has been in a steady accumulation. They did a private placement at $10 million which started the ball rolling. Interestingly Yorkton happens to be a client of Rollercoaster Studio's (EKP web developer). Worth a look. From Growth Stock Weekly July 12 Name changed from Storage One (SOJ-A) effective June 1. Completion on May 6 of the $10 million financing at $1.00 per Special Unit (1 share and 1/2 share warrant). Yorkton's last two knowledge-based financings were the very successful Bid.Com International ($10 million at $1.75/unit) and Games Trader Inc. ($12.6 million at $3.15/unit). Liquidity is excellent. $6.645 million was used to finance the announced acquisition of Generation-Net Services Inc., a leading web strategist/developer with 60 employees and and offices in Montreal and Toronto. It has coordinated and developed over 100 successful Web projects and has received numerous awards for both design and technical acheivement. This acquisition follows the recently completed Rollercoaster Studios Inc., resulting in one of Canada's largest web-strategy and development companies; a fully integrated internet company incubator. The company provides venture capital, creative resources and technical expertise required to guide Internet and digital companies through each step of the business life cycle. The company recently announced that 5.7%-owned Petopia.com has received a $US9 million equity infusion investment from Technology Crossover Ventures, a leading Palo Alto, Calif. multi-stage venture capital firm, and then contracted a marketing agreement with America Online. Late May saw Don Tapscott join the Board, described by Vice-President Al Gore as "one of the world's leading cyber-gurus" and by the influential Washington Technology Report as one of the most influential media authorities since Marshall McLuhan. On June 11th EKP announced that it is purchasing 10% of Healthscreen.com for $250,000, with an option to acquire an additional 30% to be paid through the issuance of 700,000 shares of EKP. Healthscreen provides complete network infrastructure connecting the physician's desktop to hospitals, laboratories, insurance companies and healthcare providers, along with proprietory practice management software package. The RSI double-bottom and MACD buy signal last week has proven to be prescient with huge buying volume propelling the share price to a quick $1.42 before selling pressure saw a retracement to a close of $1.31, just above the $1.26 new support area. We suspect a test of the $1.20 - 1.25 area but look forward to pleasant surprises on the upside. $1.40-1.45 resistance offers a trading opportunity, unless volume builds and we see a momentum-driven break-through. John