GONT- AND I DO NOT LOOK LIKE I AM ALONE IN
MY THINKING;
(COMTEX) B: PAR Announces Investment Opinion of Go Online Networks, I
B: PAR Announces Investment Opinion of Go Online Networks, Inc.
NEW YORK, Oct 4, 1999 (BUSINESS WIRE) -- PAR Analyst to initiate
research coverage of Go Online Networks, Inc. (OTCBB:GONT). The new
report on Go Online Networks, to be distributed by Investrend Research,
is expected to be issued shortly.
Analyst coverage for Go Online Networks, Inc. (OTCBB:GONT) will be
initiated immediately by Randall D. Lewis, CFA, for Public Analysis &
Review (PAR), the unique professional independent analyst program
administered by the non-profit Investors Research Institute, Inc., and
distributed by Investrend Research, according to John M. Dutton,
Investrend Research president.
Go Online Networks,Inc., is an Internet technology concern focused on
combining traditional marketing methods with the latest advancements in
Internet technology. The Company currently operates three divisions.
Internet Kiosk Division - It is a leader in its field, and pursues a
multi level strategy in the installation of Internet kiosks in the
mid-priced hotel market. The Internet kiosk is installed in the hotel
lobby or an alternative centralized public access room. The Kiosk
Division of GoOn-line.com places under multi-year contract low cost,
small, integrated kiosks that provide easy, pay-as-you-use stand-alone
Internet access. At no cost to the owner and a revenue sharing model,
the Internet kiosks are marketed to mid priced hotels (e.g., Days Inn,
Holiday Inn, and Ramada Inn) by sales agent organizations employed by
the Company. The Kiosk Division business plan has several multi level,
integrated strategies to maximize shareholder value. This includes the
growing advertising value from fast growing number of users across the
country. The present goal is to obtain a minimum of 2,000 hotels as
customers within two years. Presently, over 210 hotels in 33 states
have signed contracts and 42 have been installed as of August 29, 1999.
ShopGoOnline.com - Utilizing the latest in online video and audio
technology, ShopGoOnline.com offers a variety of products and services
via the World Wide Web. ShopGoOnline.com will sell products such as
household items, cooking appliances and utensils, skin care and beauty
products, and personal fitness products. Almost anything that is
normally offered to the public through exclusive TV offers or
infomercials will now be available through e-commerce on the Internet.
At GoOn-line.com, the customer will be able to search for products by
category or by product name and obtain a full description of the
product offer including a full complete streaming audio presentation,
and in many cases, a streaming video documenting key features.
Auctionomics.com -- Explosive growth in the popularity and acceptance
of the auction method of marketing for the conversion-of-assets-to-cash
has accelerated the need for sophisticated, comprehensive, and
efficient approaches to the transaction facilitation aspects of the
auction, liquidation and asset disposition process. Given that the
division's management has specialized in real estate auctioning, the
auction of real estate properties is a logical starting point. While
showcasing real property, Auctionomics will drive purchases of other
high-end goods, such as automobiles and jewelry. As traffic is
established, consumer-oriented, product auction sections will be
created similar to Ebay and Ubid. Also, as a complimentary component of
the Company's network of e-commerce Web sites, Auctionomics drives
traffic to the GoOn-line.com virtual mall, and vice versa.
The Company's management team is led by Mr.Joseph Naughton, a
co-founder and COO of Shop TV Network and a director of JC Penny's home
shopping network, ShopTV, Inc. Mr. Naughton formerly was VP/General
Merchandising Manager of the Gemco division of Lucky Stores.
Randall D. Lewis, CFA, Los Angeles, is a member of the Los Angeles
Society of Financial Analysts. He has more than ten year's experience
in security and portfolio analysis, and has served as an equity analyst
at SSI Investment Management, Inc., financial analyst for Griffin
Financial Services, and research and market analyst for Eneric
Financial Services. He has published several articles, most recently on
merger arbitrage in the HFR Journal of Hedge Fund Research. He obtained
his B.A. degree with honors in finance from California State Univ., is
in the MBA program at The Anderson School of Business at UCLA.
Some 20 public companies have enrolled in the unique PAR program, among
them Go Online Networks, Inc., EquityAlert.com, Rockport Healthcare
Group, Inc., ALYA International, Inc., Aphatrade.com, Scottsdale
Scientific, CorpHQ,Inc., Whatsonline.com, MedCare Technologies, Vasogen
Inc., Cadapult Graphic Systems, Inc., Starnet Communications, Inc.,
Virtuallender.com, AutoTradeCenter.com, M& A West, Inc., and Planet
City Corp.
Twelve institutional-quality analysts have qualified in the PAR
program. Their reports are issued completely independent of both the
Institute and covered public companies. Analysts who have qualified
include Joyce Baynard, NYC, Richard Bliss,CFA, NYC, Gary N. Clark,
Ph.D, CFA, Pasadena, CA., William W.Davison, Ph.D., Fairfield, CT, John
M. Dutton, Los Angeles, J. Freedman, Miami, Gerald F. LaKarnafeaux,
CFA, Ivins, UT, Stanley Lanzet, NYC, Randall D. Lewis,CFA, Los Angeles,
Darren Robinson, CFA, Toronto, ON, Harvey Robinson, CFA, Laurel, MD and
Bradley S.Wilds, CFA, NYC.
CONTACTS:
Go Online Networks, Inc., 5681 Beach Blvd., Buena park, CA 90621 Mr.
Joseph Naughton, Chairman. 714-736-9888 or Mr. Patrick Rost, Investor
relations, 760-942-0015. www.jnne.com.
Investrend Research, Inc. John M. Dutton, President. 801 S. Figueroa,
Suite 1400, Los Angeles, CA 90017 Phone: 213-929-2618, Email
jmdutton@mediaone.net Investrend Research Home Page:
www.investrend.com.
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