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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (1261)	2/17/2000 6:32:00 PM
From: M. Frank Greiffenstein	Respond to of 1339

Not only do we have China lined up, we have Iceland too! Next stop: Fiji Islanders! DocStone

To: Tech Master who wrote (1261)	2/17/2000 10:17:00 PM
From: M. Frank Greiffenstein	Read Replies (3) \| Respond to of 1339

Some nuggets from CC: -- Daily trading rose to 7K trades a day since starting the ad campaign. This compares to 4.3K a day for Sep-Dec quarter. --Total customer assets rose to from 750 million to 1 billion since New Years day! --Total customer count is 100,000 now--Sung Hung Kai traders will get access to our markets starting some time in March -- Consor AG trades increasing because of expansion into Spain and France -- Customer attianment costs under $200 now. This beats every single OLB out there -- The majority if Icelandic online traders use Web Street! ROFLMAO.... -- Major print and broadcast campaigns ongoing -- Strategy to (a) increase global presence and (b) "clicks and bricks" centers in major cities. These are small stores where people can be educated in WEBS and day trading. They will open these little centers in SanFran, Paris, Berlin, and Beverley Hills. -- Revenues for 4th quarter 8.3 million, a 28% sequential increase over jun-sep quarter and over 100% from Oct-dec quarter of 1998. Nice! Quarterly loss = 2.8 million or -0.12 a share. This is a marked reduction in loss because of strong trading volumes and low customer attain costs. Gross profit margins have expanded nicely because of tight cost controls. -- Management expects growth rates to be much greater because of national brand awareness campaign funded by the IPO dollars. -- WEBS plans to become a "self-clearing" brokerage are going well, should be instituted by June -- Projected accounts for the year "north of 200,000 accounts a year" -- Projected marketing expenses for year = 30M from Feb 8 to end of year -- International initiatives "impressive" per one analyst in on conference call. International partners pay for marketing in their parts of the world...all foreign customers are recognized as Web Street Customers at not marketing cost to WEBS...transactions by any customers form foreign countries are then pooled and the money divided according to a formula (not known)...THE DEALS WITH CONSORS WAS RENEGOTIATED AND EXTENED BECAUSE IT IS GOING SO WELL. -- Will WEBS go after active day trading shops? CEO Fox would not discuss ongoing negotiaitons (!!!) but empasized WEBS "Private Client" group is basically a day trading shop. Stay tuned and stay long! DocStone vcall.com