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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (44264)	12/13/1999 3:56:00 PM
From: kumqwatt	Respond to of 108040

BTWS huge upgrade Monday December 13, 1:36 pm Eastern Time Company Press Release SOURCE: BitWise Designs, Inc. Price Target Elevated to $50 From $20 as First Providence Upgrades Price Per Share for BitWise Designs NEW YORK, Dec. 13 /PRNewswire/ -- Today, First Providence Financial Group raised its price target to $50 per share for BitWise Designs, (Nasdaq: BTWS - news). First Providence had previously initiated coverage of BitWise Designs, Inc. (Nasdaq: BTWS - news) with a price target of $20 per share. First Providence Financial Group, LLC, is a NASD member investment banking firm. ''Time Stops for No One Except AuthentiDate!'' AuthentiDate.com, a subsidiary of BitWise Designs, Inc (Nasdaq: BTWS - news), offers innovative technology that affords businesses and individuals the opportunity to verify and authenticate the date, time, content and authorship of E-mails, digital files and faxes. Other types of digital files include financial transactions and trades, voice, video, music and movie files, photographic and artistic images and drawings as well as wills, legal, medical and dental records. AuthentiDate.com is used confidentially, affordably and easily from home or office via fax or E-mail. BitWise Designs, Inc., a $17 million company based in Schenectady, N.Y., manufactures and distributes the DocStar(TM) electronic image management system. This press release contains forward-looking statements that involve risks and uncertainties. BitWise's actual results could differ materially from the results discussed herein as a result of factors which include, but are not limited to, that there is no assurance that: (i) the Company will be successful in implementing its AuthentiDate.com business plan (ii) the Company will not be adversely affected by continued intense competition in the computer industry or (iii) other risks set forth from time to time in the BitWise filings with the Securities and Exchange Commission. Contact: George C. Zouvelos, Director of Media & Public Relations of Neale-May & Partners, 212-213-5400, ext. 206, Zouvelos@nealemay.com SOURCE: BitWise Designs, Inc.