GLBND ... *not* a recommendation. My broker from Prudential just called me about this one .. Globalnet Financial ... tells me that Paul Allen took a 10% stake in this company and that it is making strong alliances. Here's the latest press release. Seems interesting, but do not know how to validate the 10% Paul Allen stake. If anyone knows how, please share.
GlobalNet Financial.com, Inc. Launches Free Real-Time
Share Prices on UK-iNvest.com and MicroCap1000.com
SANTA MONICA, Calif. and LONDON, July 22 /PRNewswire/ --
GlobalNet Financial.com, Inc. (OTC Bulletin Board: GLBND), the leading
provider of online financial news and information services both domestically
and internationally, today announced that it has introduced free real-time
share prices on its UK-iNvest.com and MicroCap1000.com Web sites.
Most financial sites provide share prices on a delayed feed of at least 20
minutes, but GlobalNet, in its commitment to providing the most timely
information to investors, has charted a different course.
"Live prices enable investors to track shares and make investment decisions
as the market moves -- on a real-time basis," said Stanley Hollander,
co-chief executive officer of GLBN. "The launch of free real-time share
prices is representative of our commitment to giving visitors on our sites all
the tools necessary to make the most informed investment decisions
possible."
In addition to free real-time share prices, UK-iNvest.com offers such
investment tools as a complete database of more than 2,000 publicly listed
UK companies, including interactive share price charts; original, cutting-edge
news and commentary; and a facility for investors to track the
minute-by-minute value of their share portfolios.
In order to access real-time share prices, visitors to the sites need only to
enter the company name or symbol into a quote box housed on each page,
after registering. Registration is free.
About UK-iNvest.com
Launched in April 1999, UK-iNvest.com is the exclusive provider of
financial information and investment ideas within the financial channel of
Freeserve Ltd. Freeserve is the UK's largest and fastest growing internet
service provider.
About MicroCap1000.com
Launched in October 1998, MicroCap1000 seeks to be the number one
source for small-cap stock information and personal wealth-building
strategies. State-of-the-art tools combine with up-to-the-minute news and
cutting-edge commentary to help users build their online investing skills.
MicroCap1000 currently has more than 170,000 registered users and was
rated by Barron's (11/23/98) as one of the top investment Web sites and
featured in Online Investor magazine (July/August 1999) as its "Blue-Chip
Pick."
About GlobalNet Financial.com, Inc.
GlobalNet has achieved rapid acceptance and growth in its quest to become
the leading provider of international online financial news and information
services designed to combine unique financial content and educational
programs, investment and analytical tools and on-line trading and other
transaction executions. GlobalNet's subsidiary, MicroCap1000.com,
focuses on companies with a market capitalization of under $500 million and
is a leading source for information on the microcap sector featuring original
daily articles and a real-time index. Through GlobalNet's alliance with
Freeserve Limited, the United Kingdom's largest Internet service provider
(ISP), UK-iNvest.com is the exclusive provider of investment information
within Freeserve's Money channel, featuring interviews and commentary with
leading investment managers and analysts about stocks, funds and market
trends.
On July 12, 1999, GlobalNet announced a joint venture agreement with
First Marathon Inc., a leading Canadian investment firm, to jointly develop
an online trading business for Canada and a premiere financial website,
Canada-iNvest.com, in Canada. In conjunction with the joint venture, First
Marathon has made a $2.5 million strategic equity investment in GlobalNet
Financial. The investment by First Marathon follows strategic investments by
Freeserve Limited, which made a $15.0 million strategic investment in
GlobalNet on May 13, 1999 and a $5.0 million strategic investment on May
25, 1999 from an Italian Consortium consisting of The De Agostini Holding
Group, Banca Commerciale Italiana and Investitori Associati. GlobalNet's
Italia-iNvest.com is under development. GlobalNet is continuing its
worldwide expansion of international investor oriented financial sites.
GlobalNet has also attracted a variety of noteworthy strategic technology
partners such as Telescan (Nasdaq: TSCN), an industry leader in providing
Internet services and innovative solutions for online technology and data
retrieval tools. GlobalNet's licensing agreement with NexTrade provides the
company with royalty free, worldwide rights to NexTrade's proprietary,
modular Electronic Direct Access Trading System (E-DAT) for real-time
online trading.
GlobalNetFinancial.com, Inc. is headquartered at 2425 Olympic Boulevard,
Suite 660E, Santa Monica, California, 90404; telephone: 310.828.8838;
fax: 310.828.7218. The company also has offices in Florida and the United
Kingdom. For U.S. investor relations, call Michael Jacobs, COO, at
1.800.371.4921, mjacobs@globalnetfinancial.com. For UK-iNvest.com
media information, contact Clive Wolman in London at 171-514-0500.
Source:
GlobalNet Financial.com, Inc.
Contact:
Kristin Gabriel, 323-650-2838 PST, PRKristin@aol.com, or
Birgit Spears, 314-481-6965 CST, Birgit555@aol.com, both
of ecom Communications; or James Melville Ross of Square
Mile Communications, UK, 44-171-601-1001,
james.m-ross@sq-mile.com; or Robert B. Prag, President of
The Del Mar Consulting Group, 619-794-9500 PST,
Terpinca@aol.com, for GlobalNet Financial.com, Inc.
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