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Technology Stocks : Visual Data (VDAT) -- Ignore unavailable to you. Want to Upgrade?

To: nord who wrote (379)	8/4/1999 7:19:00 AM
From: nord	Read Replies (1) \| Respond to of 405

I am also quite frustrated with the price action leading up to expected SPO. The shorts are really piling it on. The best strategy IMO, given the current market conditions, especially for Net issues, is to pull the SPO and take PP money to cover short term needs. The shorts will be forced to cover with release of any/all news that has accumulated and no new shares to cover. It was not long ago the company would not do the SPO at less than $25-28 then $18-$20's. In my opinion, to do SPO plays into hands of shorters and hurts the company by diluting at a discount and sending a negative message to the street about managements reversal on SPO pricing floor ie credability. If the company wants needs capital I would prefer a PP sufficient to cover the short term need for acquisitions/ studio enhancements etc. Why sell a piece of the company when the stock has been crushed. The speculation makes me wonder if the shorts are counting on the SPO to provide stock to cover. It would be nice to turn the tables on the shorts by delaying or pulling the SPO. With the planned Nasdaq listing and coming news the short squeeze could get us back to "reasonable valuation." It is apparent that Crut does not have the will or where with all to get SPO done at this time except at what I believe to be fire sale price. With all the potential of this company a few months delay for SPO and a new lead underwriter with more clout makes sense to me. I would rather pay for a big name lead at a higher price than pay less money to underwriter for a SPO at a depressed price. If the company believes in the long term fundamentals of the company and creating value for investors now is the time to demonstrate it by pulling or decreasing the size of SPO. I am still long . I hope that the desire for coverage and institutional ownership doesn't take precedent over current shareholders interests. Regards Norden ------------------------------------ I hadn't seen this before. MADSearch Site for Planning Meetings and Business TravelAdds HotelView Internet Video Tours to Newly Launched Site POMPANO BEACH, Fla., July 14 /PRNewswire/ -- MADSearch (Meeting and Destination Search), a comprehensive search engine for the meeting planning industry, is adding hotel video tours produced by HotelView to its site at madsearch.com under a recently reached agreement between the two Internet companies. A wholly owned subsidiary of Visual Data Corporation (Nasdaq: VDAT), HotelView produces high-quality hotel video tours for the Internet and as sales tools for lodging establishments. The two- to four-minute video tours can be accessed from HotelView's member hotel sites, the HotelView site at hotelview.com , as well as the recently announced "Travel Channel" on broadcast.com and through a distribution network of more than 650 travel, leisure and business Web links including MADSearch. "MADSearch is a convenient and comprehensive tool for meeting planners, especially with the added option of seeing hotels in full-motion narrated video," says David Chestler, general manager of HotelView Corporation. "HotelView benefits from this partnership by gaining access to MADSearch's extensive portfolio of quality meeting properties. Meanwhile, our hotel clients benefit from enhanced exposure, greater distribution and direct access to meeting professionals -- translating into little advertising waste as compared to traditional print and direct mail advertising." The addition of HotelView to MADSearch's web site allows meeting and travel planners to have a site inspection from their offices. It saves time and money and eliminates the need to travel. MADSearch is a one-stop international web site that assists planners in selecting a destination from over 4,300 detailed profiles of properties worldwide and offers the auxiliary services needed for their meeting. This commission-free service allows access to 90 percent of the information necessary to plan a successful event. Meeting planners can use MADSearch to find hotel dates and rates, last- minute pricing specials, view an online color brochure of the properties that includes space layout and a sample of catering menus and information about local and international suppliers such as transportation and A/V companies. "MADSearch is easy to maneuver and allows you to literally go from one part of the world to another in a matter of minutes," said Madeline Daryadel, president of MADSearch. "HotelView's cutting-edge technology is a welcome addition to the site and provides another media for meeting planners to utilize as they design their next successful event." Visual Data Corporation is a multi-media content producer, marketer and distributor of advertising products and consumer-based portfolio libraries for use on the Internet and eventually, Interactive Television. HotelView Corporation, a subsidiary of Visual Data Corporation, combines Visual Data's digital media technology and superior travel-related distribution network to promote and advertise hotels via sight, sound and motion at a fraction of the cost of traditional media. The video tour is accessed through the hotel's own web site using either existing footage or new footage produced in-house by HotelView that is available for use by the hotel's sales force. For more information about HotelView, contact HotelView General Manager David Chestler at 954/917-6655 or toll-free 800/468-8139. For more information on MADSearch, simply visit the site at madsearch.com or call 305-690-9880. This press release contains forward-looking statements, which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission. Quote for referenced ticker symbol: VDAT. SOURCE MADSearch CO: MADSearch; HotelView; Visual Data Corporation ST: Florida IN: LEI MLM SU: PDT 07/14/99 10:28 EDT prnewswire.com