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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (16847)	10/5/1999 10:32:00 PM
From: good2yah	Respond to of 29382

Everyone, I am NOT HYPING. Please read. Do your DD and tell me what you think. October 05, 1999 11:54 First Priority Group Announces Stock Buy Back Program PLAINVIEW, N.Y., Oct. 5 /PRNewswire/ -- First Priority Group, Inc. (Nasdaq: FPGP), announced today that its Board of Directors approved a stock buy back program whereby the Company may purchase, from time to time, up to 400,000 shares of common stock in the open market. Barry Siegel, Chief Executive Officer, stated: "First Priority has been very successful in its efforts to dramatically reduce overhead and position the Company for extraordinary growth and profitability." The Company's wholly owned subsidiary, National Fleet Service, Inc. has experienced remarkable recent growth in its fleet management business. The last two contracts the Company has secured have been the largest in its history. Revenues for the fleet subsidiary are now in record territory and are expected to continue to rise even further. The Company's affinity auto club program has been delivering exemplary results, all while the Company's wholly owned subsidiary, driversshield.com, carefully continues to build its Internet based auto collision repair claims management service, for the insurance industry. This exciting new company, which is currently being pre-marketed to the insurance community, is receiving an overwhelmingly positive reception. The Company anticipates it will handily exceed its predicted revenue model for its new Internet subsidiary, which is scheduled to be operational on or about November 15th. The Company has had a non-interactive, informational site, for demonstration and marketing purposes only, for about seven weeks. Siegel further stated: "We believe that the stock is extremely undervalued and does not at all reflect the Company's tremendous potential, which will be realized in the near term. He continued to add: We expect that our shareholders are in for a pleasant surprise and will be rewarded soon for their continued support." First Priority Group is primarily engaged directly and through its wholly owned subsidiaries in nationwide managed auto care services for self-insured corporate fleets, insurance companies, members of affinity groups and consumers. Certain information contained herein includes information that is forward looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involved in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings