To: Susan Saline who wrote (29763 ) 1/25/2000 9:20:00 AM From: Sul Respond to of 43080
ENON - News : RGR Financial Reiterates Its Focus Pick Rating On EURO909.Com (ENON); Price Target: $60 PR Newswire - January 25, 2000 09:15 NEW YORK, Jan. 25 /PRNewswire/ -- The following is being issued by RGR Financial Corp., a member of the National Association of Securities Dealers, CRD number: 40898. The analyst at RGR Financial sees EURO909.Com (Nasdaq: ENON) establishing itself as a business-to-business Internet resource offering Domain Registration & Web Hosting value-added services across Europe in 2000. He further sees ENON's consumer brand offerings converging to an on-line business format. RGR Financial Corp., an investment banking firm, based in New York City, believes that the company's business model will enhance management's ability to successfully ramp up Euro's bundled services offerings across Europe. Research analyst, Joseph DiLustro with Alchemy Investment Strategies, sees the company on a fast track as a business-to-business resource of broad Internet services. DiLustro, sees the company attacking several Internet sectors, including hosting sites for consumers. Yesterday, the company announced an alliance with Yahoo D.K. for its Chili A/S subsidiary. Our understanding is that this partnership will increase traffic for both partners by broadening content and co-sponsoring various events in Denmark. Both portal sites rank in the top ten category for on line traffic. DiLustro, thinks that the market is not focusing on ENON's core competencies, Domain Registration and Web Hosting. He believes that the company's future lies in that direction. In fact, he thinks the company will pursue an aggressive stance in acquiring companies that lend itself to Euro909.Com's Internet business-to-business model -- an integrator of Internet services. According to DiLustro, "after my recent meeting with management in Denmark and Sweden, I came away feeling extremely positive about ENON's growth prospects. There is a confident spirit driving management and the employees of ENON, which should result in the successful execution of the company's business plan." Contact: Chet Dubov, Senior V.P. for RGR Financial Corp., 212-350-1400, Research@RGRFinancial.com.