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

To: Mike E. who wrote (59704)	1/10/2000 12:36:00 PM
From: Mike E.	Respond to of 108040

NTPL making money for everyone: (COMTEX) B: Waterside Capital Expects Strong Second Quarter Financial B: Waterside Capital Expects Strong Second Quarter Financial Results; Investment in The Netplex Group Drives Returns NORFOLK, Va., Jan 10, 2000 (BUSINESS WIRE) -- Waterside Capital Corp. (Nasdaq:WSCC) announced today, after a preliminary review of the second quarter financial results, that the Company anticipates reporting very positive results. Significantly contributing to the positive results was Waterside's investment in The Netplex Group (Nasdaq: NTPL), whose share price increased from $2.35 to $11.375 during the quarter. Several other factors cited for the projected earnings growth included diligent cost control and the growth and quality of their investment portfolio. "Our success with Netplex reflects the analytical ability of our investment professionals who work diligently to identify sound investments with strong upside potential," commented Alan Lindauer, Waterside's President. "We decided to invest in Netplex eighteen months ago after a thorough analysis of the company's potential. We have recently sold a portion of our Netplex holdings generating a realized gain of approximately $1.5 million. We continue to hold warrants of Netplex and will continue to monitor the company's progress." "In addition to the in-depth review we conduct prior to establishing an investment, our research department, headed by Martin Speroni, an experienced Wall Street professional, carefully monitors all Waterside investments to detect potential problems and opportunities that may arise," added Gerry McDonald, Waterside's CFO. "By monitoring our investments very closely, we strive to minimize surprises, and, if needed, become part of the solution." Waterside expects to release the financial results of its fiscal second quarter ended December 31, 1999 on January 24, 2000. About Waterside Capital Corp. Waterside Capital Corporation is a publicly traded, small business investment company (SBIC), headquartered in Norfolk, Virginia, with a portfolio of over $30 million of investments in twenty three companies located primarily in the Mid-Atlantic region. Waterside has experienced a rapid growth in net income and assets under management since going public in January 1998. Visit Waterside's web site at www.watersidecapital.com