To: Ed Swanson who wrote (85141 ) 7/19/1999 8:35:00 AM From: hoffy Respond to of 119973
Watch IJNT today IJNT.net is a widely diversified Internet company. This company has expanded so much since last year it is incredible! Last year we profiled this stock in the $4 area and it ran as high as $12 in the weeks that followed. Yesterday it broke out over $5, and that was our BUY signal. Technically, momentum has been building. Our target is $8 to $10 in the short term. The stock looks like its ready to EXPLODE! Here is the story: IJNT.net recently reported that its revenue for the fiscal year ended March 31, 1999 was $1,552,194, an increase of 1,056% over the last year, and anticipates further growth with the addition of its new corporate headquarters located in the Williams Tower, Houston, Texas. The Williams Tower location boast one of IJNT.NET's most extensive state of the art two-way wireless networks. The year in review: -- Acquires Man Rabbit House Multimedia, Inc., a world class web development and hosting company -- Enters the Concord California marketplace through acquisition -- Enters the Petaluma, California marketplace through acquisition -- Forms the URJET Backbone Network (UBN) subsidiary and begins applications for competitive local exchange carrier (CLEC) status in several states -- Launches its wireless operations in Irvine, California -- Expands into the Los Angeles market with co-location space at the One Wilshire Building -- The Company's existing Salt Lake City, Utah market increases in revenue by 1,499% -- The Company's existing Beaumont, Texas market increases in revenue by 6,595% -- Previously acquired Houston-based Access Communications increases in revenue by 365% -- Company expands its International ISP by teaming with Level (3) Communications, Electric Lightwave Industries, Firstworld Communications, UUNet, and Star Telecom -- Company secures equity line of up to $10 million -- Acquires Webit of Utah, Inc. Vice president of finance Craig A. Hewitt commented on the Company's results stating, ''This unprecedented growth comes as a result of development into multiple new markets, acquisition into multiple existing markets, and expansion of the Company's infrastructure of technology and human resources. The Company has increased its technology assets 237% and its human resources by greater than 300% since the year ended March 31, 1998. We are right on track with our business plan and will continue to grow into the future using the same means, along with further developments of our plan.'' Subsequent events: The Company has recently acquired FairAuction.com, an online auction web site that generated in excess of one million dollars in gross revenue in the year prior to being acquired by IJNT. The Company plans to increase upon this revenue base through additional promotion and expanding the range of products auctioned on the site. Currently, FairAuction.com exclusively sells computers, computer peripherals, and computer parts. The Company also has recently acquired Micro-Lite Television of Beaumont, Texas Inc., a wireless cable television to homes and businesses in the greater Beaumont area. The Company is currently in the process of configuring the television service to meet the particular needs of business subscribers with greater emphasis on news and financial information programming.