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Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (332)2/26/2001 9:51:32 AM
From: StockDung  Respond to of 353
 
Who is the better analyst Ray Dirks or Jonathan Labed the 10th grader? I think Jonathan"s report was better. I do not believe Jonathan Labed would have touted Great White Marine though which was one of the BIGGEST FRAUDS EVER!! BTW, Thomas Heysek is alais Meatloaf and is the person that writes Ray Dirks buy reports. He touts better than Jonathan Labed on the message boards.

....................YOU BE THE JUDGE!!

=====================================================
Tom Heysek

Initiating Research Coverage: Strong Buy Great White Marine & Recreation (OTC BB: JAWS) March 18, 1999
Contact: Tom Heysek @ 212-339-2035

Recent Price: $2.25
52 Week High-Low: 4.50 - 0.71
Shares Outstg: 17.9 million (fully diluted) Insiders Own: 55%
Market Cap: $40.3 million Institutions Own: 21%
Net Income Book Market Cap To:
Sales Amt Mgn EPS* P/E Value* Sales BVPS
(mm) (mm) (PS)
1997 $14.3 $1.7 12% $0.29 8 x $0.33 3 x 7 x
1998 25.6 3.3 13% 0.26 9 x 0.51 2 x 4 x
1999 (e) 40.0 5.5 14% 0.30 8 x 0.82 1 x 3 x
2000 (e) 60.0 9.0 15% 0.50 5 x 1.32
stockhouse.com
=====================================================

By: meatloaf
Reply To: 2503 by sailbad43 Saturday, 4 Mar 2000 at 1:24 AM EST
Post # of 4572
"As to the FUSA reference in your message, we actually first wrote that up at $4. By the way, earnings and sales came in at precisely our estimates...at a time when no one else was even making forecasts "

======================================================

SECURITY CAPITAL TRADING, INC. UPDATES RECENT ANALYST REPORT AFTER FOTOBALL USA ISSUES THIRD QUARTER RESULTS

Story Filed: Monday, November 08, 1999 2:33 PM EST

NEW YORK, Nov 8, 1999 /PRNewswire via COMTEX/ -- The following is being issued by Security Capital Trading, Inc., a member of the National Association of Securities Dealers, CRD Number 35909:

Fotoball recently reported third quarter operating results that were considerably better than expected. Relative to the year ago third quarter, sales advanced 110% to $9.8 million, while operating profit margins increased to 41%. Operating expenses declined to 31% of sales (versus 36%) reflecting the on-going benefits to shareholders from expense control initiatives begun in 1998. Accordingly, EPS almost quadrupled to $0.18 in the third quarter versus $0.05 in the prior year's comparable quarter. Based upon these results, we are increasing our 1999 EPS estimate to $0.50 (up from $0.45).

Fotoball has now reported seven consecutive quarters of sequentially increasing Sales, Pretax Income and EPS. Nine month results show Sales increasing 75%, with Pretax Income and EPS tripling over the comparable nine month results in 1998. As illustrated in the table on the next page, we expect full year sales for 1999 of $31 million (up 62%) and increases in Pretax Income and EPS of approximately 2.5 times.

We believe the impressive string of triple digit gains since mid-1998 suggests that FUSA has now back-filled in recovering from prior period weaknesses, and that longer term growth rates will come in at the 40% level ... still a robust outlook. We look for EPS of $0.70 in 2000, then $1.00 in 2001. We have also revised upward our short term target price to $12 - $15 (up from a $10 - $12 target range). This target range translates into a multiple of 25 times EPS in 2000, a time frame which the market will begin to assess in just a few more months. The numbers follow:

Fotoball USA
(Nasdaq: FUSA)

Recent Price: $6.50
52 Week High: 8.00
52 Week Low: 2.00
Shares Outstanding: 3.4 million (fully diluted)
Market Capitalization: $22.1 million

Insiders Own: 21.5% (732,000 shares)

Pretax Earnings
Sales Income Mgn Per Share P/E
(MM) (MM)

1997 $12.2 ($2.8) n.c. ($1.04) n.c.
1998 19.1 1.0 5% 0.22 30 x
1999 (e) 31.0 2.6 8% 0.50 13 x
2000 (e) 43.0 4.0 10% 0.70 9 x
2001 (e) 60.0 6.0 10% 1.00 7 x

Contributing Analysts: Leo Murphy and Tom Heysek
For a copy of the report, contact Raymond L. Dirks of Security Capital Trading, Inc., 520 Madison Avenue, 10th floor, New York, New York 10022-4213, 212-339-2000 or 888-305-0050, or fax, 212-339-2020.

SOURCE Security Capital Trading, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com

CONTACT: Raymond L. Dirks of Security Capital Trading, Inc.,

212-339-2000 or 888-305-0050, fax, 212-339-2020
=============================================

ragingbull.lycos.com
By: Lebed316 $$$
Reply To: None $ Tuesday, 4 Aug 1998 at 9:56 AM EDT
Post # of 82

Company Profile:

Fotoball USA, Inc
OTC BB: FUSA


President/CEO: Michael Favish
CFO/CAO/Exec VP-Fin/Treas: David G. Forster

3738 Ruffin Road
San Diego, CA 92123
(619) 467-9900

Current Price: Bid-$2 9/16 Ask-$2 11/16
52 Week Trading Range: $1 - $3 3/8 (peaked $10 a couple of years ago)
1998 Estimated EPS: $0.20
1999 Estimated EPS: $0.40
Current Shares Outstanding: 2.7MM
Current Float: 2MM (actually, only 600K is available to trade)

Our 6-12 month outlook: $8

About Fotoball USA, Inc:

Fotoball USA designs, develops and manufactures high quality custom sports products which are sold in the licensed product retail market through a nationwide network of over 2,000 retailers including WalMart, J.C. Penney, Kmart, Target, Sears, Ames, Gart Bros. and The Sports Authority. Additionally, the Company provides custom sports and non-sports related products for corporate promotions and non-licensed specialty sports products to corporations for resale, including sales to amusement parks and entertainment related companies. The Company currently holds licenses with NHL
Enterprises, National Hockey League Players Association, Major League Baseball Properties and Major League Baseball Players Association, National Football League Properties and NFL Players Inc., and over 300 NCAA colleges. Additional Stores recently signed with include...Disney, Six Flags, and Toys-R-US.

FUSA has had trouble in the past, but 1998 is starting to become their turn around year. They have once again become profitable, and made $0.06 eps in the first half of this year. FUSA is not the type of company that will make projections on their earnings, and hype themselves. However, at the beginning of the year...they did state that 1998 will be a profitable year with strength from quarter to quarter...which is proving to be true.

The Company has two major businesses...the retail side, and the promotional side. On the retail side, they sell their products to many of the major retail chains, which were mentioned earlier. On the promotional side, they make special products for their major customers such as McDonalds.

Fotoball competes against all of the other well-known companies in the sporting good industry. The difference between them is, Fotoball has capitalized on markets which their competitors never even thought of. They are able to get into an area of a hot topic, within hours. FUSA is likely the most highly innovated company in the entire industry.

FUSA has recently reached an agreement with National Football League Properties (``NFLP'') pursuant to which the Company will be granted a license to imprint the logos of NFL teams, and league marks on both mini footballs and full-size limited edition team, player and commemorative footballs on genuine antique leather and synthetic leather. The Company has also received licensing rights from most of it's 350 licensed NCAA universities to sell full-size souvenir footballs featuring the logos of NCAA universities.

In addition to that they have reached an agreement with Nickelodeon and MTV Networks (``MTVN'') pursuant to which the Company will be granted a license to use MTVN's ``Rugrats'' and ``The Rugrat Movie'' properties in outdoor sports toys. The Rugrats are the number one rated kids television show. The Rugrat movie will be out in November of this year, and initial sales of Rugrats products by other companies, have been very successful.

Links:

FUSA Homepage:
fotoball.com

The President of Fotoball was recently interviewed on the Stock Line Real Audio show.

This can be heard at:
stnn.com

Also, the day after we started looking at FUSA, Small Cap Investor made it their stock of the month.

Their company profile can be read at:
smallcapinvestor.com

(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy)

MEATLOAF MUST HAVE SPOKEN TO JONATHAN LABED MANY TIMES and Maybe they posted to each other on the same message boards?.

re:Fotoball USA (FUSA:Nasdaq NM - news)

10th Grader Charged With Securities Fraud
By Robert Kowalski
Staff Reporter
9/20/00 6:05 PM ET

Internet stock manipulation and securities fraud isn't just for adults anymore.

Just ask 15-year-old Jonathan Lebed of Cedar Grove, N.J.

The Securities and Exchange Commission on Wednesday charged Lebed, who is in 10th grade, with securities fraud and ordered him to pay back $285,000 in alleged illegal stock earnings and interest.

The SEC alleges that Lebed used Internet message boards to talk up, or manipulate, stock prices and then unloaded his positions in what agency administrator David Horowitz called a classic "pump-and-dump" operation.

Lebed was 14 at the time he traded in the nine stocks. On occasion he placed sell limit orders on stocks so that he wouldn't miss a price increase in the security while he was in school the next day, the SEC said.

"He was as sophisticated in doing it as anybody who is older, let's put it that way," said Horowitz, assistant district administrator of the SEC's Philadelphia district office, which announced a settlement with the boy.

The case is the first securities fraud action the SEC has brought against a minor. As part of the settlement, Lebed has promised not to violate securities laws in the future.

Kevin Marino, a Newark, N.J., lawyer representing the youth, said Lebed and his family were pleased with the settlement. As is typical of such agreements with the SEC, the boy neither admitted nor denied guilt.

Horowitz said Lebed has had an interest in stock trading since he was even younger, and maintained a brokerage account in one of his parents' names.

Marino said the youth is an adept investor and "quite computer-literate." "Mr. Lebed, as a teenager, was successful in a school-sponsored investing contest," he added.

Horowitz said he didn't know whether the SEC action would remain on Lebed's record after he becomes an adult. Many criminal charges against minors are removed from their record once they become 21, but the SEC charges are in the form of a civil lawsuit.

"I would suspect that it's there for the world to see," Horowitz said.

Marino disagreed, saying he wouldn't "expect that to be the case."

The stocks Lebed manipulated between August 1999 and February were all thinly traded micro-cap securities, Horowitz said. They included Manchester Equipment (MANC:Nasdaq - news), Just Toys (JUST.OB: OTC BB), Yes Entertainment, Fotoball USA (FUSA:Nasdaq NM - news), Man Sang Holdings (MSHI.OB:OCT BB), West Coast Entertainment (WCEC:OTC BB - news), Havana Republic (HVAR:OTC BB - news), Classica Group (TCGI:OTC SC - news) and Firetector (FTEC:OTC SC - news), Horowitz said.



To: Sir Auric Goldfinger who wrote (332)3/8/2001 12:39:36 PM
From: StockDung  Respond to of 353
 
A little more on FRAUDULENT THOMAS HEYSEK THE RAGINGBULL RAY DIRKS MESSAGE BOARD ANALYST. TOMS DAY WILL COME SOON.

Great White Marine Recreation (JAWS) Message List Raging Portfolios - Track your stocks here

By: roger_35768 $$$
Reply To: None Thursday, 18 Mar 1999 at 7:18 PM EST
Post # of 1108

Analyst report on JAWS posted by nutstoo on Yahoo board.

I talked to an analyst this morning that is doing a piece on Jaws for his company's internal clients. He is well known so others usually follow his analysis. This was not paid for by GW or anyone. He sent me the article and told me that there was leakage to the outside and that a well know market maker was already "talking down" JAWS big time. This lends strong support that there remains a large short interest in Jaws. Here is the report:

Initiating Research Coverage: Strong Buy

Great White Marine & Recreation (OTC BB: JAWS) March 18, 1999
Contact: Tom Heysek @ 212-339-2035
Recent Price: $2.25
52 Week High-Low: 4.50 - 0.71
Shares Outstg: 17.9 million (fully diluted) Insiders Own: 55%
Market Cap: $40.3 million Institutions Own: 21%
Net Income Book Market Cap To:
Sales Amt Mgn EPS* P/E Value* Sales BVPS
(mm) (mm) (PS)

1997 $14.3 $1.7 12% $0.29 8 x $0.33 3 x 7 x
1998 25.6 3.3 13% 0.26 9 x 0.51 2 x 4 x
1999 (e) 40.0 5.5 14% 0.30 8 x 0.82 1 x 3 x
2000 (e) 60.0 9.0 15% 0.50 5 x 1.32 <1 x 2 x
2001 (e) 90.0 14.0 16% 0.80 3 x 2.10 <1 x 1 x

* based upon fully diluted shares

Net
Growth Rates: Sales Income EPS BVPS
1998/1997 79% 94% -10% 55%
1999 (e)/1998 56% 67% 15% 61%
2000 (e)/1999 (e) 50% 64% 67% 61%
2001 (e)/2000 (e) 50% 56% 60% 59%

Summary & Investment Conclusion

Great White Marine & Recreation is an international distributor to a growing dealer network selling marine and land recreational vehicles. Last year was a foundation year for this Company during which it became public through a reverse merger, raised $4 million in equity to finance the expansion of its market share, and in the process, almost doubled its Net Income to $3.3 million. Further efforts to raise capital are not anticipated for the foreseeable future (see Balance Sheet Highlights, page 3).

This Company fits squarely within our investment research focus that includes overlooked and under-followed public companies exhibiting above average earnings potential. A target price of $10 per share in twelve months represents a price/earnings multiple of 20 times next year's EPS forecast…an eminently defensible market valuation for a company expected to grow, bottom-line, at no less than 60% per annum.

History & Nature of Business

Great White Marine is an international distributor for marine watercraft and recreational land vehicles (and related parts) through a network of 61 dealerships (vs 38 a year ago) in the southwestern USA, Mexico and Central/South America. The Company began business in 1980 as a Manufacturers' Representative for the sale of boats and outboard motors. By the end of the 1980's, the Company had taken over the sales territory (at the request of manufacturers) of a dozen dealerships that had run into financial problems. During the early 90's, Great White's annual sales increased to the $3 - $5 million ranges.

The enactment of NAFTA (North American Free Trade Act) is the catalyst that triggered what is now a robust fundamental outlook. When NAFTA was enacted into law in 1994, the Company's sales began to increase markedly…moreover; the Company showed a profit that year, its first-ever. Sales continued to grow, eventually tripling by 1997 to almost $15 million. Its dealership network had expanded to 20 by 1997, and quantifiable commercial prospects emerged for the Company to enhance its dealer network even further, thereby garnering market share in this $24 billion industry.

Last year represents the foundation year for the Company. In order to take full advantage of opportunities to garner market share, the Company had to raise equity capital. The absence of an Internet-buzz and the sense of urgency to recapitalize precluded a conventional IPO, so by January 1998, the Company consummated a reverse merger with a public shell, thereby emerging as a public entity itself. By September 1998, the Company had raised an additional $4 million in equity, and at the same time changed the name of the public shell with which it merged to the present corporate moniker.

Last Year's Operating Results, in Review…and Outlook

The Company reported solid achievements in both operating results and balance sheet improvements in 1998. These achievements were all the more impressive given the extensive internal corporate development underway for most of the year to pour the foundation that enabled the Company to capitalize upon its market position in the water-craft and recreational vehicle industry. Sales increased 79% last year to $25.6 million from 1997's $14.3 million in sales. Net profit margins increased to 13% from 12%. Fully diluted EPS, however, declined 10% to $0.26 reflecting an increase in the number of fully diluted shares outstanding at year-end 1998 to 17.9 million (from 5.9 million fully diluted shares outstanding the year before). The Company's book value at 12/31/98 mirrors corporate development activities all year long…increasing by a stunning $7.2 million to $9.1 million. This dollar increment in book value is comprised of Net Income in 1998 of $3.3 million plus almost $4 million in fresh equity.

As illustrated in the Balance Sheet Highlights following, most of the capital raised was used to increase Inventories of products in the dealership pipeline. The Company also used its improved Balance Sheet to obtain floor plan financing from an industry leader, Mercedes-Benz Leasing Mexico. The Company intends to remain debt-free, given that any inventory financing is geared to be self-liquidating within 90 days. Days Sales in Accounts Receivable shrunk to six, down from an already rather thin ten days.

Next year and beyond, Great White Marine appears capable of achieving top-line growth of 50% per annum and EPS growth of 60% per annum. This is largely accomplished by garnering market share (via adding more dealers to its network and increasing share-of-market in those locations where it already has a market presence) and gradually increasing its net profit margins one percentage-point per year at least through 2001.

The fact that we expect the Company to remain Long Term Debt-free bolsters our positive, fundamental point-of-view. This outlook translates into $60 million and $90 million in sales respectively for 2000 and 2001, and EPS of $0.50 and $0.80 for those same respective time frames.

Balance Sheet Highlights (Amounts in Thousands)
12/31/97, 12/31/98
Cash $1,250, $2,732
Acct.’s Receivable $409, $419
Inventory $2,204, $482
Total Current Assets $1,879, $7,633

Notes Payable Bks $245, $100
Other Current Liab's $42, $136
Total Current Liab's $287, $236

Net Working Capital $1,592, $ 7,397
Fixed Assets, net $198, $673
Deposits & Other Assets $160, $1,064

Total Net Assets $1,950, $9,134

Represented By:
Long Term Debt $0, $0
Shareholders' Equity $1,950, $9,134
Total Capitalization $1,950, $9,134

Selected Ratios 1997, 1998
Days Sales in A/R 10, 6
Return on Equity 87%, 36%
Wkg Cap/Total Capital 82%, 81%
Tot Liab's/Total Cap 15%, 3%
Sales/Tot Net Assets $ 7.33, $ 2.80

An Overview of Great White Product Lines

Glaston Boats
Skeeter Boats
Polaris personal watercraft*
Polaris All-Terrain-Vehicles (ATV's)*
Fisher Boats
Pursuit Boats
Chaparral Boats
Sea Pro Boats
Viking Sport Cruisers
Outboard Motors:
· Mercury
· Evinrude
· Johnson
Cruiser Yachts

*also sells related accessories, e.g. helmets, shirts, etc.

The tables below illustrate Great White's Operating Results by quarters for 1998 and our quarterly estimates for 1999. While we are expecting a 68% increase in sales in QI and a 67% increase in net income, EPS of 0.07 is 30% below the year ago QI, reflecting 12 million more shares outstanding (17.9 vs. 5.9 million). EPS comparisons do not turn positive until QIII, however, we expect the Company's stock price to mirror its positive fundamental outlook as early as this summer - - - if not sooner.

Quarterly Results

(amounts in millions)
Net Income Average Shares
Sales % Chg. Amount Mgn. % Chg. EPS* Outstg.
(sorry I couldn't put in the table)
* Note: 1998 EPS is based on 12.8 million average shares outstanding for the full year and therefore the total for the year does not equal the sum of the quarters.

(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy)

ragingbull.lycos.com

XXXXXXXXXXXXXXXXXXXXXXXXXX



To: Sir Auric Goldfinger who wrote (332)3/8/2001 12:55:55 PM
From: StockDung  Respond to of 353
 
SHOULD BE: STREETSMART GUIDE TO SELECTING OVERLOOKED AND FRAUDULENT UNDERVALUED STOCKS. THIS CROOKED THOMAS HEYSEK THE FRAUDULENT RAY DIRKS ANALYST TIME WILL COME SOON!!

Great White Marine Recreation (JAWS) Message List Raging Portfolios - Track your stocks here

By: roger_35768 $$$
Reply To: 474 by roger_35768 $$$ Thursday, 18 Mar 1999 at 7:24 PM EST
Post # of 1108


Info on the analyst who wrote the Research Report posted by halfcreek1 on Yahoo board.

Thomas Heysek is the author of STREETSMART GUIDE TO SELECTING OVERLOOKED AND UNDERVALUED STOCKS. McGraw-Hill. January 1999 and is
an international money manager and host of America Online's "Investor's Almanac". Previously he worked for Dakin Securities Corporation, a San Francisco-based investment banking and stock brokerage firm.


ragingbull.lycos.com



To: Sir Auric Goldfinger who wrote (332)6/9/2001 7:32:41 PM
From: Glenn Petersen  Respond to of 353
 
From a June 1, 2001 8-K:

freeedgar.com

Item 5. Other Events.
-------------

U. S. Securities and Exchange Commission Investigation.
------------------------------------------------------

The U.S. Securities and Exchange Commission (the "SEC") is engaged in an investigation regarding, among other things, statements made by certain persons or entities in connection with the offer and sale of Log On America, Inc. securities. None of the Company's current officers or directors have sold any of their Log On America securities to date. The Company is cooperating with the SEC in its investigation. The investigation is ongoing.



To: Sir Auric Goldfinger who wrote (332)8/27/2001 9:38:30 AM
From: StockDung  Respond to of 353
 
NASD Regulation Charges Security Capital Trading and Exec
With Unjustified Termination Of Firm Commitment Underwriting

For Release:
Contact: Thursday, August 16, 2001
Nancy A. Condon
202-728-8379



NASD Regulation Charges Security Capital Trading and Exec
With Unjustified Termination Of Firm Commitment Underwriting

Washington, D.C. — NASD Regulation, Inc., today announced that it has charged Security Capital Trading, Inc., and its President, Ronald Heineman, with violating NASD rules when they improperly terminated a firm commitment to underwrite an initial public offering (IPO). The firm currently does business under the name Vertical Capital Partners, Inc. and is located in New York, NY.

In its complaint, NASD Regulation charged that Security Capital was the lead underwriter for Galacticomm Technologies, Inc.’s September 23, 1998, $11 million IPO. The offering consisted of 1.8 million common shares priced at $6 per share and a similar number of warrants priced at 10 cents each. The complaint alleged that after the first four days of trading the stock and warrants on the Nasdaq SmallCap Market, Security Capital, through Heineman, unilaterally and without justification, terminated the IPO. Galacticomm was forced out of business, in part, due to the loss of the IPO proceeds. NASD Regulation charged that Security Capital did not observe high standards of commercial honor and just and equitable principals of trade when they terminated the firm commitment made to Galacticomm. According to the complaint, the termination adversely affected over 500 customers and numerous brokerage firms and their clearing agents when trades had to be unwound and canceled.

NASD Regulation further alleged that Timothy Ryan, a registered representative formerly associated with Security Capital, violated NASD rules and federal securities laws by entering purchase orders for customers who had not authorized them. Those orders were entered as part of the IPO.

This case was investigated by NASD Regulation’s Enforcement Department with assistance from the Corporate Financing Department.

The issuance of a disciplinary complaint represents the initiation of a formal proceeding by NASD Regulation and does not represent a decision as to any of the allegations contained in the complaint. Because this complaint is unadjudicated, the respondents should be contacted before drawing any conclusion regarding the allegations in the complaint.

Under NASD Regulation rules, the individuals named in the complaint can file a response and request a hearing before an NASD Regulation disciplinary panel. Possible sanctions include a fine, suspension, bar, or expulsion from the NASD.

Investors can obtain more information about NASD Regulation as well as the disciplinary record of any NASD-registered broker or brokerage firm by calling (800) 289-9999, or by sending an e-mail through NASD Regulation’s Web Site www.nasdr.com.

NASD Regulation oversees all U.S. stockbrokers and brokerage firms. NASD Regulation, The American Stock Exchange®, and NASD Dispute Resolution, Inc. are subsidiaries of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry self-regulatory organization in the United States.

nasdr.com



To: Sir Auric Goldfinger who wrote (332)1/3/2002 6:14:19 PM
From: StockDung  Read Replies (1) | Respond to of 353
 
Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Log On America, Inc. on Behalf of Investors


LITTLE ROCK, Ark., Jan. 3 /PRNewswire/ -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the District of Rhode Island on behalf of purchasers of Log On America, Inc. (OTC Bulletin Board: LOAX) ("Log On America" or the "Company") common stock during the period between April 22, 1999 and November 20, 2000, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at classlawyer.com .

The complaint charges Log On America and certain of its officers and directors with issuing false and misleading statements concerning the Company's business and financial condition. Specifically, throughout the Class Period, defendants repeatedly issued statements indicating that, among other things, the Company was on track to achieve the goals of its business plan and that it was successfully growing its service offerings and customer base through its numerous acquisitions. The complaint alleges that these statements were materially false and misleading because among other things, they failed to disclose or misrepresented (a) that the revenues the Company was generating from its customer base, which was predominantly consumer- focused, were not sufficient to offset the extensive capital costs that the Company was incurring in order to build out its network and provision its products; (b) that the Company's "growth-by-acquisition" strategy was not meeting with success as the Company had acquired a collection of disparate businesses which it was unable to effectively integrate into its existing businesses; (c) that the Company was experiencing weakening demand for its products and services and (d) that as a result of the foregoing adverse factors, the Company would not be profitable in the near-term, if at all, and would have to completely restructure its operations and slash costs.

If you bought Log On America common stock between April 22, 1999 and November 20, 2000 inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than January 18, 2002. If you are a member of this class, you can join this class action online at classlawyer.com . Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller Bowman & Coates, LLP or other counsel of their choice, or may choose to do nothing and remain an absent class member.

Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents investors throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com .

CAULEY GELLER BOWMAN & COATES, LLP

Investor Relations Department:

Jackie Addison, Sue Null or Shelly Nicholson

P.O. Box 25438

Little Rock, AR 72221-5438

Toll Free: 1-888-551-9944

E-mail: info@classlawyer.com

MAKE YOUR OPINION COUNT - Click Here

tbutton.prnewswire.com

SOURCE Cauley Geller Bowman & Coates, LLP

CO: Cauley Geller Bowman & Coates, LLP; Log On America, Inc.

ST: Arkansas, Rhode Island

IN: CPR

SU: LAW

01/03/2002 15:18 EST prnewswire.com



To: Sir Auric Goldfinger who wrote (332)1/3/2002 6:57:13 PM
From: StockDung  Respond to of 353
 
LOG ON AMERICA CLASS ACTION FRAUD LAW SUITS

01/03 15:18 PR Newswire
Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Log On America, Inc. on Behalf of Investors

01/03 12:44 PR Newswire
Shareholder Class Action Filed Against Log On America, Inc. By the Law Firm of Schiffrin & Barroway, LLP

12/29 21:07 PrimeZone Media Network
Wechsler Harwood Halebian & Feffer LLP Announces Class Periods -- XOMA, LOAX, DJO

12/26 19:14 Business Wire
Milberg Weiss Announces Class Action Suit Against Log On America, Inc.

12/21 12:52 PR Newswire
Wolf Haldenstein Adler Freeman & Herz LLP Announces Deadlines for Class Periods for Shareholder Lawsuits - Aetna, Inc., Log On America, Inc., Noven Pharmaceuticals, Inc. and StarMedia Network, Inc.

12/20 16:00 Market News Network
LOG ON AMERICA INC - United States Securities and Exchange Commission Terminates - Formal Inquiry

12/20 13:18 Business Wire
United States Securities and Exchange Commission Terminates Formal Inquiry

12/16 09:09 PrimeZone Media Network
Law Offices of Brian M. Felgoise, P.C. States that Class Actions and/or Investigations of Potential Securities Law Violations are Ongoing Against StarMedia Network, Inc., APW Ltd., Log On America, Inc. and Comverse Technology, -- STRME, APW, LOAX, CMVT

12/14 16:45 PR Newswire
Class Action Lawsuit Commenced Against Log On America, Inc. By The Law Offices of Marc S. Henzel

12/12 14:21 Business Wire
Wolf Haldenstein Adler Freeman and Herz LLP Commences Class Action Suit Against Log On America, Inc.

11/30 18:01 Internet Wire
Securities Fraud Class Periods Announced By Law Offices Of Charles J. Piven, P.A.

11/27 18:02 Internet Wire
Class Action Lawsuit Commenced On Behalf Of Log On America, Inc. Shareholders By Bernstein Liebhard & Lifshitz, LLP

11/21 22:04 Internet Wire
Securities Fraud Class Periods Announced By Law Offices Of Charles J. Piven, P.A.

11/19 23:41 Business Wire
Law Firm Milberg Weiss Announces Class Action Lawsuit Against Log On America, Inc.