Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Tomato Man who wrote (15045)	3/7/2000 4:49:00 PM
From: Ottuckie	Respond to of 15313

Financial Intranet, Inc. Management Update February, 2000 Following is an outline of activities and events that have occurred since the last correspondence in October. Overview: Successful completion of major operational projects (transition to in-house billing & relocation of data center to Global Center) have freed management to focus attention on two prime areas: Continued focused efforts at growing revenue base through aggressive expansion of sales force & direct marketing activities. Completion of Web Site redesign including launch of enhanced data mining engine for Intranet services platform. Operations: Web site redevelopment in full swing; contracts finalized over the past 4 months include agreements for content, design, production, and database programming services. Web site still projected to be re-launched by end of first quarter. Data center successfully relocated to secure headquarters at Global Center in New York. Web development center/testing environment successfully relocated from Ardsley, New York to corporate headquarters in Mt. Kisco, New York. Sales & Marketing: Additions to sales force and week-long sales orientation completed in mid-December. Ongoing efforts to redouble sales force by end of first quarter. Continued efforts at identifying, qualifying, proposing and closing sales leads. First contract from sales force in-house. Theismann continues as Company Spokesman. Future appearances to be announced. Finance: Became fully reporting SEC entity; filed third quarter report with fourth quarter/annual report due on March 31, 2000. Entered into additional funding agreements with institutional investor. Successfully implemented new billing system in-house; invoices now generated on site with no time delay. Engaged Richard A. Eisner & Co., LLP as new outside auditors, adding an experienced SEC firm to handle all outside auditing and reporting requirements; also adding the firm as large player in the new media M&A market. Outlook: Look for new web site in first quarter 2000. Look for 10K-SB to be filed subsequent to audit by March 31, 2000, including detailed financial data. Look for increasing activity in sales and marketing area as we expand sales force, content and deliverables. Safe Harbor Statement Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts and expectations of Financial Intranet that may be referred to as "foward-looking" statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that the actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Contact: Financial Intranet, Inc. Corey Rinker Chief Financial Officer & Corporate Counsel Voice: 914.242.4848 Email:crinker@fntn.com