To: Sir Auric Goldfinger who wrote (96 ) 8/15/2003 10:54:24 AM From: afrayem onigwecher Respond to of 120 TTRE US: Web Stock Study Finds that Negative Cash Flow is Hi 2003-08-11 11:53 (New York) TTR TECHNOLOGIES INC ("TTRE-L") - Web Stock Study Finds that Negative Cash Flow is High Risk - For TTR Technologies An independent research study says that TTR Technologies Inc (OTC:TTRE) is one of 135 web companies out of a total of 420 publicly traded web companies that has generated negative Cash Flow from Operations or OPS (Operational-cashflow Per Share) in its four most recent fiscal quarters. TTR Technologies also carries StockDiagnostics.com's lowest OPS Rating of "8". Other notables in this group of 135 web companies with an OPS Rating of "8" include Akamai Technologies (NASDAQ:AKAM) and Drugstore.com (NASDAQ:DSCM). TTR Technologies' five year high for its shares occurred on February 22, 2000 with its shares priced at $10.50. The 1 year high is $0.50 and the 1 year low for its shares is $0.10. Shares for TTR Technologies are currently trading at $0.36. On July 22, 2003, StockDiagnostics.com released its findings for its research study on web stocks. The findings concluded that 35% or 235 of the 691 publicly traded web companies that filed financial statements between 2000 and March 31, 2003 are no longer in business. Further findings concluded that 84% or 198 of the web companies no longer in business never generated positive annualized Cash Flow from Operations or had a positive OPS Rating (1 through 4) assigned by StockDiagnostics.com for any of the 13 quarters examined in the study. Additionally, 51% or 120 of the 235 web companies that are no longer in business did not generate positive cash flow for even one quarter or were ever assigned an OPS Rating higher than StockDiagnostics.com's lowest OPS Rating of "8" for any quarter. Web companies were meteorically overvalued in 2000 as only 13.8% of them (96/691) generated positive annualized OPS or Cash Flow from Operations. For the first quarter ending March of 2003, this percentage increased to 35.1%. During the thirteen quarter period the number of web companies that were able to generate positive annualized cash flow or were assigned a positive OPS Rating (1 through 4) by StockDiagnostics.com for at least one quarter during 2000 to 2003, increased by 153% to 243 out the 691 total. Since December of 2002, there are four web companies featured in the weekly OPS Newsletter, which is published by StockDiagnostics.com which have been acquired by larger suitors. They include Overture (NASDAQ:OVER) which was bought out by Yahoo on July 14, 2003, generating a 64% gain to subscribers. Each of the three other web buyouts occurred within 10 days of being featured in the OPS Newsletter. They include Lending Tree (NASDAQ:TREE) and uDate.com, both of which were bought out by Barry Diller's company, Interactive Corp (NASDAQ:IACI) for gains of 90% and 212% respectively. Multex.com was also bought out by Reuters within seven days after it was featured in the OPS Newsletter representing a gain of 60%. Additionally, two other web companies were bought out after being upgraded to StockDiagnostics.com's highest OPS Rating of "1". They are Ticketmaster, which was also bought by Diller's Interactive Corp and Hoover's which was bought out by Dun & Bradstreet. Both had been upgraded to StockDiagnostics.com's highest OPS Rating of "1" just prior to their respective buyouts. About StockDiagnostics.com StockDiagnostics.com is an independent research firm which monitors OPS or Cash Flow from Operations for over 10,000 publicly traded companies including 700 web companies and regularly issues OPS Rating upgrades and downgrades. Many web companies including Yahoo (NASDAQ:YHOO), Amazon (NASDAQ:AMZN), Ask Jeeves (NASDAQ:ASKJ) and LookSmart (NASDAQ:LOOK) have appreciated by over 100% since having their OPS Ratings upgraded by StockDiagnostics.com over the last 12 months. The weekly "OPS Newsletter" which is published by StockDiagnostics.com also regularly features web companies. Several of these web companies have appreciated by over 100% including BankRate (NASDAQ:RATE), FindWhat.com (NASDAQ:FWHT), J2 Global Communications (NASDAQ:JCOM), United Online (NASDAQ:UNTD), Youbet.com (NASDAQ:UBET), uDate.com (OTCBB:UDAT) and Secure Computing (NASDAQ:SCUR). StockDiagnostics.com's "Web Stock Universe Cash Flow Study (2000-2003)" and other comprehensive research data such as current and historical OPS, OPS Ratings, Cash Flow from Operations and revenue data on over 700 publicly traded web companies is available at the "Web Universe" section of the StockDiagnostics.com web site.stockdiagnostics.com . __________________________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.