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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Roman S. who wrote (1016)	4/17/1998 9:27:00 AM
From: Rick Julian	Read Replies (2) \| Respond to of 2897

Financial Intranet Announces Negotiations are in Progress to Retain Investment Banking Firm NEW YORK--(BUSINESS WIRE)--April 17, 1998--Financial Intranet Inc. (OTCBB:FNTN - news), a New York based network developer of Intranet and Internet specialized services, announced today that negotiations are in progress to retain an investment banking firm. The investment banking firm will provide the company with acquisition or merger opportunities such as those specifically related to the Internet, Intranets and proprietary software relating to this field, such as advanced search engine capabilities. The investment banking firm will advise and assist with any such acquisitions or merger opportunities, as well as provide the necessary capital for Financial Intranet Inc. to pursue these opportunities and achieve Nasdaq Small Cap status. Michael Sheppard, president of Financial Intranet, said, ''We are hopeful we can finalize our relationship within a matter of days. We expect the development of this association will significantly enhance shareholder value and accelerate the company's rapid rise to the next level of its evolution as a strategic Internet and Intranet market presence. In addition to the provision of proprietary financial content, news and information, Financial Intranet will offer complete Intranet solutions tailored precisely to each customer's requirements.'' Financial Intranet is in the process of establishing the nation's first, proprietary, secured on demand, interactive high-speed video, voice and dedicated data-stream Financial Information Network, that will create enhanced links between the brokerage and mutual fund industries and allow interactive access by the individual investor. The proprietary network is customizable for any application, group, franchise or association that requires dynamic information exchange, especially for organizations that are heavily data laden such as federal, state, local and city government departments, law enforcement, insurance, financial, medical and legal industries.