To: Q. who wrote (1756 ) 11/7/1999 11:12:00 PM From: Q. Read Replies (1) | Respond to of 1827
And here's how FNTTE's "investment opportunity" newsletter, from yesterday, begins. It makes an unclear explanation of why they got the "E", then it adds that the co.'s timing of its announcements was "ideal," presumably for the purpose of pumping the stock. November 6, 1999 Volume II, Issue 38 Email : info@ioreport.com URL : investmentopportunity.com To IO Report Members: Update On 1st Net (OTC BB: FNTTE) There has been a temporary symbol change for our parent company, 1st Net Technologies (OTC BB: FNTTE). Starting today, November 5th, the NASD has added an "E" to the end of our symbol signifying that we are in the process of having our SEC Form 10SB2 reviewed. We actually filed the SEC Form 10SB back in August, giving ample time for the SEC to review the document. It is available in the EDGAR system for investors to read, and can be found through the Shareholder Information section at www.1stnettech.com, or by clicking here. This filing causes 1st Net to become a fully reporting company on the same level with all the large cap companies. At some point in the future the "E" will be removed and the symbol will return to "FNTT". Crayon Crawler Announcement Today after the market closed there was a news release issued concerning a new relationship for the Crayon Crawler. This is by far the most significant announcement to date. Those of you that follow 1st Net stock know that it has been trading extremely well for the last two weeks, having come off a $2 low and charging up as high as $5.25 as a result of many recent developments concerning this revolutionary new browser to make the Internet safe for kids. Today's news release is the most significant of all for the development of the Crayon Crawler. Today it was revealed that 1st Net has formed a strategic alliance with IDT Corporation (NASDAQ: IDTC). IDT Corporation is a telecommunications company which offers a broad range of integrated long-distance telephone and Internet access services with annual sales in the $200 million range. This alliance is Crayon Crawler's first with a major Internet Service Provider, and allows for revenue sharing when users of the Crayon Crawler choose IDT's service. We believe that this news release will be received very favorably by the market as IDTC is a stock which is followed by thousands of investors. This will undoubtedly create an entirely new audience for shares of 1st Net as investors that watch IDTC become aware of the company. Furthermore, this is the first alliance with a major ISP. Small companies like 1st Net have problems bridging the "Credibility Gap" with larger potential partners. Signing the first contract with a major ISP paves the way for additional relationships with both similar and larger companies within this industry. The timing of these last announcements has been ideal. The Crayon Crawler has a great deal of momentum going into its formal introduction at the upcoming COMDEX Consumer Electronics show later this month at the Las Vegas Convention Center. As always, we remind you that any comments or observations that we make about our parent company, 1st Net Technologies, should be considered self serving and a conflict of interest.