RHINO PAID DONNER CORP TO HYPE SEDONIA CORPORATION ON A SLIDING SCALE.
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"DCI was recently compensated by Rhino Advisors, Inc. in the form of a $5,000 due diligence fee. DCI may also receive SDNA stock, which has not been determined as of the date of this report/release."
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DONNER Corp. International Issues Speculative Buy Recommendation on SEDONA Corporation
SANTA ANA, Calif., April 25 /PRNewswire/ -- DONNER Corp. International, a broker/dealer specializing in investment banking, headquartered in Santa Ana, Ca., today issued a Speculative Buy Recommendation and initiated coverage on SEDONA Corporation (Nasdaq: SDNA), King of Prussia, Pennsylvania. SEDONA Corporation has developed an award-winning, Internet-based Customer Relationship Management (CRM) solution, which enables clients to more effectively manage their customer accounts.
SEDONA'S CRM solutions are marketed primarily to small and mid-sized financial service companies, as well as Internet retailing companies. CRM solutions enhance all aspects of customer management, enabling organizations to more quickly and precisely acquire and manage new and changing customer information, greatly enhancing personalized customer interactions and profitability management to optimize sales and marketing opportunities.
``SEDONA has a large and growing multi-billion dollar market with an urgent need for CRM products and services,'' DONNER said. ``There are nearly 10,000 community banks, credit unions serve more than 75 million people, and Internet retailers also benefit from these products.''
IBM has selected SEDONA's Intarsia(TM) to sell and market to community financial services clients through its Mid-market Banking, Finance, and Securities Group (BFS). SEDONA has been designated an IBM Advanced Business Partner in IBM's PartnerWorld Program for Developers. Of significance, with more than 90,000 IBM Business Partners, there are only a few hundred designated Advance Business Partners.
``SEDONA is achieving record growth, reporting revenues of $1.8 million for year 2000, up 600 percent compared to 1999,'' DONNER said. The Company is projecting that revenues will grow an additional 400 percent in 2001 and that SEDONA will achieve breakeven status by the end of this year.
``SEDONA'S flagship software product, SEDONA Intarsia(TM), was recently selected Product of the Year by the major magazine in this field,'' DONNER said. ``We are also impressed that it partners with market leaders such as IBM, Acxiom, Jack Henry & Associates and E.piphany to develop and deliver best-in-breed CRM solutions. These factors indicate to us that SEDONA is well-positioned for continued growth.''
Copies of the DONNER report on SEDONA Corporation are available at www.DONNERcorp.com.
DONNER Corp. International is a member of the National Association of Securities Dealers, CRD 37702. Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report/release. This research report/release has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation, suitability and the particular need of any specific person who may receive this report/release. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report/release and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive back less than originally invested. Past performance is not indicative of future performance. Copyright 2001 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by Rhino Advisors, Inc. in the form of a $5,000 due diligence fee. DCI may also receive SDNA stock, which has not been determined as of the date of this report/release.
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