To: Condor who wrote (2798 ) 11/11/1999 1:00:00 PM From: Rande Is Read Replies (5) | Respond to of 4766
An old on again off again romance. . . IATR and IATRP . . . Dr. Barry Sandrew resigned. He was responsible for not answering shareholders questions about the value of the warrants. . . through the company website message boards. . .it was this mis-communication that upset me about this issue. But since then, the good doctor has no doubt moved on to bigger and better things. . .and the company has acquired a private internet search engine firm called, "Infolocity." As I understand it, this is a search engine designed for business sourcing. . .where you are looking to buy 40 tons of sulpher. . plug in this search engine, which scours the web, focusing on business-to-business sites and auctions and reports back with what it finds. Likewise, if you needed information on say the "wearable PC" . . it would scour the internet and report back with a result. Now Infoseek has a similar process that is patented, called Express. But IATR claims that they are seeking a patent for their process. . .which of course must be substantially different than that of Infoseek. . .before it could be granted. . .then they may have to defend their claim against Infoseek. . .so there is a grey area here. The thing that has sparked my interest is this. . . with the current interest and valuations of B2B businesses, it seems to me that this Nasdaq stock that currently sells for under $2 bucks, should be getting more attention than it is. So word should be spread as to the potential, should all go as planned with IATR. Here is an explanation of IATR strategy, from their SEC filing: OUR STRATEGY Our current strategy is to divide IATR's operation into two separate divisions. We will continue to operate our MediaWorks International subsidiary which will distribute family and children's television programming throughout the world, as well as represent the sale of movies in certain international territories. On closing the merger with Infolocity, Inc., which is subject to the conditions described above, we will conduct our internet and technology business through our wholly-owned subsidiary, Infolocity. Infolocity's primary business, Investorfacts, is a unique business to business internet service using Infolocity's proprietary search engine FIRST (Fast Internet Real Time Search Technology). FIRST searches 50,000 internet locations and 400 publications, 24 hours per day, 7 days per week, in 15 seconds and notifies Infolocity's clients through detailed nalytical reports, of critical information received in accordance with the client's specific criteria. Infolocity has patents pending for its technology as well as its business use. We will work to build new services and products and to create new technologies with commercial and business appeal using FIRST. We will also attempt to seek out other companies which further the use of the FIRST technology, create meaningful synergies, or are potential acquisition candidates. Now I would think they would have come out with some news to make the most of this B2B mania. . . unless they don't follow the markets and are unaware of it. . .like much of the media is. I guess their preferred stock gave me a dividend of some common shares for the Infolocity merger. I thought that was pretty cool. Rande Is