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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (68487)3/16/2001 1:24:40 PM
From: StockDung  Read Replies (1) | Respond to of 122087
 
Pre-Paid Legal Services confirms SEC inquiry


ADA, Okla. (Reuters) - Pre-Paid Legal Services Inc., which develops and markets legal service plans, said Friday the Securities Exchange Comission requested details about its accounting practices.

Shares of Pre-Paid Legal Services dropped 15.13 percent, or $2.17, to $12.17 on the New York Stock Exchange, below a previous 52-week low of $14.03.

The Ada, Okla.-based company, confirming a Wall Street Journal report, said it was subject to informal SEC inquiries into the nature of accounting for its advances to sales associates.

In February, shareholders filed a class action suit against the company charging that comissions paid to sales people were recorded as assets instead of expenses on financial statements.

Pre-Paid Legal said it was cooperating with the SEC, the informal proceedings do not constitute an investigation, and it could not predict when the inquiry would be resolved.

10:56 03-16-01



To: Sir Auric Goldfinger who wrote (68487)3/16/2001 5:23:22 PM
From: StockDung  Read Replies (4) | Respond to of 122087
 
Sorry NetCurrents but this is funny->NetCurrents Announces it Will Put Reverse-Split to a Vote of Company Stockholders


BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 16, 2001-- NetCurrents, Inc. (Nasdaq:NTCS), The Premier Internet Intelligence Agency, today announced its intent to file its annual proxy statement with the US Securities & Exchange Commission within the coming week, with subsequent mailing to its shareholders expected to occur in early April following clearance by the SEC.

Following negative response to the Company's announced intent to avoid a reverse-split of its common stock and after giving consideration to prevailing market conditions, management has since determined that a reverse-split may be a necessary course of action in order to satisfy the minimum bid price requirement of $1.00 under the continued listing standards of The Nasdaq Stock Market. In accordance with Nasdaq rules and regulations, the Company will have the right to appeal any delisting decision to a Nasdaq Listing Qualifications Panel, but continued listing is not guaranteed. Company stockholders will have the opportunity to vote on the matter either by submission of the proxy or by attending the scheduled annual stockholder meeting to be held in Beverly Hills on May 17, 2001.

Irwin Meyer, Chairman and CEO of NetCurrents, commented, "We are clearly beginning to build momentum at NetCurrents, as illustrated by the numerous developments we've announced over the past several weeks. Despite the volatility of the market, we were hopeful that we would be rewarded with renewed support from Wall Street, thus resulting in the restoration of our common stock price to $1 and returning the Company to compliance with Nasdaq continued listing requirements. Although we are quite optimistic about the future of NetCurrents - particularly given the solid fundamentals of our technology and the sales responses we are beginning to experience via our channel sales division - management believes that its Nasdaq listing is integral to securing this growth and fundamental to protecting long term shareholder value. Therefore, we will put this to a vote of our shareholders to support management in making this difficult decision."

About NetCurrents, Inc.

NetCurrents, The Premier Internet Intelligence Agency, analyzes communications from more than 65,000 targeted locations in real-time. The Company provides clients with critical information and counsel protection of their corporate image, measure consumers' perceptions and counter misinformation on the Internet. Due to the sensitivity of businesses that require this type of technology and analysis, confidentiality of NetCurrents clients is assured.

This news release contains forward-looking statements within the meaning of Section 37A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the Company's ability to continue to successfully market and provide their products and services and maintain their effectiveness, the continuation of the arrangements with the Company's channel partners, the ability of the Company to meet its financial projections, and general economic conditions. The Company undertakes no obligation to publicly update or revise forward-looking statements whether as a result of new information or otherwise.

BW0232 MAR 16,2001

13:24 PACIFIC

16:24 EASTERN