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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM) -- Ignore unavailable to you. Want to Upgrade?

To: Trooper who wrote (21)	5/14/1998 10:49:00 PM
From: Trooper	Respond to of 837

Me again. I just wanted to post one of PLNM old press releases. It makes for GREAT reading, and maybe many of you have not read it yet. By the way, check out their site at www.plenum.net. VERY IMPRESSIVE. Pay close attention to the amount of companies they are signing up at a record pace! Monday March 2, 7:56 am Eastern Time Company Press Release SOURCE: Guidera Communications Plenum Communications, Inc. Retains Broker Relations Specialists to Inform Wall Street Brokers About How It Is Changing the Mortgage Brokerage Industry HILTON HEAD, S.C., March 2 /PRNewswire/ -- Guidera Communications announced today it has been retained by Plenum Communications, Inc. (OTC Bulletin Board: PLNM - news), Mercer Island, WA to inform brokers and institutional investors about its wholly owned subsidiary, Lenders Interactive Online Network (LION). ''LION brings the advantages of the Internet to the mortgage brokerage industry. The LION service exposes wholesale mortgage rate, fee, and program information, updated daily, delivered via the Internet, in a highly organized, searchable format to its present 2,500 subscribing members. We see this as an emerging growth situation,'' said Rosanne C. Oakley, President of Guidera. She added: ''Mortgage brokers gain access to the subscription-based web site ( lioninc.com ) using a password. The company began in the state of Washington, where over 20% of existing brokers already use LION. It has so far expanded into California, six other western states, Illinois, Florida, New York, Texas, and most recently Maryland, Virgini a, and Washington D.C. Mortgage brokers, who signed up in the first half of 1996 at the rate of 20 per month, now are joining LION at an accelerating rate of over 200 per month.'' Allen Ringer, president and CEO, says, ''Although the LION service to mortgage brokers is expected to generate an attractive return on investment, recent strong interest from real estate brokers seeking a retail version of LION products provide an additional attractive return potential. Far greater opportunities exist by using the LION customer base and Internet technology to change the way other major services are provided in the mortgage industry. Mortgage brokers influence not only the decision on what lender to use, but also, to varying degrees, the escrow, title insurance, credit reporting, and mortgage insurance companies that are involved in the transaction. ''The mortgage broker industry is highly fragmented, with an estimated 150,000 to 200,000 brokers in 23,000 firms. By efficiently marketing to LION members, and delivering portions of these services over the Internet, Plenum can enter these businesses in a manner that could give it considerable cost and service advantages over traditional products.'' Guidera Communications updates brokers throughout the United States on a one-to-one basis on behalf of its publicly traded clients. SOURCE: Guidera Communications