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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: jabbo who wrote (1247)	4/24/1998 8:19:00 PM
From: jabbo	Read Replies (1) \| Respond to of 3990

Fellows is anybody aware of this company? What caught my attention was the list of underwriters forming the syndicate and, if you browse the prospectus, the bakground of the officers involved (Cybershop, The Gap, etc.). If anybody can find the time for a second opinion... apreciated. jabbo. Wit Capital Corporation is pleased to announce that we are able to provide a participation in the initial public offering of Genesis Direct, Inc., lead managed by Bear, Stearns & Co. Inc., as described below: Issuer: Genesis Direct, Inc. is a leading database-driven specialty retailer in the rapidly growing universe of non-store shopping. With a current portfolio of 29 Company-owned brands, the Company offers products directly to consumers in targeted niche markets primarily through a variety of distinctive, information-rich catalogs, as well as Internet websites and electronic media, including television and radio. Security: Common Stock Expected Size of Offering: 10,125,000 shares 8,577,406 shares will be sold by Genesis Direct, Inc. 1,547,594 shares will be sold by Selling Stockholders Expected Price Range: $13.00 to $15.00 Managing Underwriters: Bear, Stearns & Co. Inc., Goldman, Sachs & Co., Salomon Smith Barney, Invemed Associates, Inc. and Morgan Keegan & Company, Inc. If you think you may be interested in this Initial Public Offering available through Wit Capital, please visit witcapital.com or call (888) 4-WITCAP x4427. You can download and print the Preliminary Prospectus from the New Issues section of Wit Capital's website (http://www.witcapital.com). You may also obtain a prospectus by calling Wit Capital at the above number or writing Wit Capital at: 826 Broadway, 6th Floor, New York, NY 10003. To purchase shares, you must first open an account, which can be done online. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE REGISTRATION STATEMENT BECOMES EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN AND REVOKED WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND. A broker dealer or its agent may only transact business in a state after licensure or satisfying qualification requirements of that state. If you reside in a particular state that Wit Capital is not registered in as a broker dealer or has registered agents in, this message is not directed to you. Wit Capital will not open a brokerage account or sell securities to you until such time registration requirements in your home state are fulfilled. Thank you. Wit Capital Corporation is a Member NASD/SIPC