To: LANCE B who wrote (2657 ) 10/6/1999 6:23:00 PM From: LANCE B Respond to of 2942
SHCC- IF AT FIRST YOU DO NOT SUCCEED, TRY AGAIN... (COMTEX) B: Stockreporter Announces Investment Opinion on Saratoga In B: Stockreporter Announces Investment Opinion on Saratoga International Holdings Corp.; Updates Investment Opinion Confirming $2.10 Year 2000 Target Share Price KIRKLAND, Wash., Oct 6, 1999 (BUSINESS WIRE) -- Saratoga International Holdings Corp. (OTC BB:SHCC) today received an updated buy recommendation confirming a year 2000 price target of $2.10 from Stockreporter, a leading European financial Internet publication at www.stockreporter.de, thus providing tremendous profit opportunities from current SHCC trading levels of approximately $0.15 per share. Stockreporter said it increased issued the Saratoga update due to last month's tremendous achievements, including the successful initiation of its new reseller marketing program in the Czech Republic and an alliance with Teleglobe Communications Corp. (NYSE:TGO) that immediately expands SHCC's global marketing to 95 countries worldwide. "Saratoga's milestone agreement with Teleglobe Communications provides SHCC immediate marketing access from 95 countries around the world, a dramatic development that was thought to take the Company several years to achieve," said Stockreporter's Dennis C. Hass. "Coupled with the phenomenal success of Saratoga's new reseller marketing program that targets under-served markets around the world, we continue to be very bullish on SHCC shares and expect tremendous short-term upside pressure in addition to the long-term price appreciation we projected earlier this year. "At less than $0.15 per share, Saratoga offers investors an extremely low-cost opportunity to benefit from what will be one of the most dynamic players in the prepaid international telecommunications and Internet telephony markets," concluded Hass. Stockreporter's SHCC update contains the following information: UPDATE Saratoga International Holdings Corp. (SHCC) is an exciting Internet and telecom play for investors interested in above average returns. Via a growth through acquisition strategy and e-commerce focus, the Company has rapidly expanded its online sales of prepaid long distance telephone services to under-served markets around the world where consumer demand is large and growing at an exponential rate. SHCC is rapidly achieving this goal and is one of very few telecommunications firms marketing a virtual prepaid calling card via the Internet which offers origination from more than 95 countries world-wide. By making prepaid long distance available to second and third world countries over the Internet, Saratoga is positioning itself to capture a significant share of the prepaid long distance market without the prohibitive costs of traditional prepaid retailing such as card production, card security, and distribution. In addition to servicing the local population within each target market, SHCC's aggressive marketing campaign also targets the region's tourist population with its competitively-priced prepaid calling services that are sold through agents where tourists are likely to visit - including popular hotels and Internet cafes. The Company has already demonstrated the tremendous success of the reselling program through local agents in the Czech Republic. A relatively poor country with virtually no Internet access, the local telephone company in the Czech Republic charges exorbitant rates for international calls. With 2.6 million tourists each year in the capital city of Prague alone, the Czech Republic is truly a strategic location for SHCC's initial reseller campaign with an enormous tourist base that suffers from a lack of cost-competitive options for calling home. Saratoga is in the process of setting up agent partnerships with 4 and 5 star hotels in the Czech Republic as well as a number of Internet cafes - thus rapidly achieving significant market presence with considerable orders for SHCC's prepaid calling services already coming in. Additional plans for Saratoga's reseller campaign include sending agents to Central and South America. The Company's strategy is prudent