Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Buying opportunity - Market maker out of business -- Ignore unavailable to you. Want to Upgrade?

To: John Hanzl who wrote (407)	4/2/1998 9:47:00 AM
From: bullhead	Respond to of 472

MNYCP -- News is out... This one is well positioned for a quick climb... Wednesday April 1, 4:42 pm Eastern Time Company Press Release SOURCE: IFS International Inc. IFS Seeks New Principle Market Maker TROY, N.Y., April 1 /PRNewswire/ -- IFS International Inc. (Nasdaq: MNYC - news, MNYCP - news, MNYCW - news) is seeking a new investment banker to assist the company in future financing and to be its principle market maker. Duke and Co., the underwriter and principle market maker for IFS' latest stock offering, has ceased doing business. Frank Pascuito, IFS chairman, said, ''We see this as an opportunity to find new, high quality financial partners. We are currently in active discussions with other brokers, including investment bankers, regarding IFS' future capital needs.'' Dave Hodge, IFS president and CEO, said, ''Our recent progress evidenced by several key wins in the market place should position us well in our search for a new principle market maker.'' IFS International products are used to provide ATM, POS, smart card, debit card management, bank teller, bank platform, home banking and call center solutions to the financial industry. Recent market makers for IFS series A preferred stock and class A warrants include: Herzog, Heine, Geduld; Sherwood Securities Corp.; and Josepthal Lyon & Ross. Recent common stock market makers: Fahnestock & Co. Inc.; Paragon Capital Corp.; Josepthal Lyon & Ross; Naib Trading Corp.; and Herzog, Heine, Geduld. IFS is headquartered in Troy, N.Y., with offices in the United Kingdom, Germany, Australia and Singapore. For additional information in the U.S., call 518-283-7900, FAX, 518-283-7336, E-mail: marketing@ifsintl.com, web page: ifsintl.com. For information about Europe, the Middle East or Africa, call +44-1895-823626 or E-mail: IFS-UK@IFSINTL.COM. For information about Asia call +65-97-393-474. SOURCE: IFS International Inc. --------------------------------------------------------------------------------