OFF TOPIC - I apologize to you Valence Threaders in advance, but wanted to share a possible investment idea (Internet Ventures, Inc.) that I learned about here on another SI thread two weeks ago. I know many of you are looking for other ideas, especially if our hopes for VLNC do not materialize. I am just a lurker and infrequent poster who is learning and looking for investment ideas. I am not hyping, nor am I directly involved in the company other than as an investor as of last week. Decide for yourself if you think this has promise. If you have questions, talk to Investor Relations at 800# below, Tim McGrath...he is very helpful, knowledgeable ... and says company is in the black as of this past month.
Again, I apologize for intruding.
Peter
-------------
This is the post where I first learned of the company and the post is printed below:
Message 4375541
To: Jenna (9197 )
From: AlienTech
Friday, May 8 1998 12:29AM ET
Reply # of 9573
Besides VVUS! If there is ever such a thing..
New internet IPO. Just to give a quick briefing to those who don't know much about this, basically there are two major cable modem service providers: Cox@Home (owned by Comcast), and RoadRunner (owned by Time Warner). As you know Bill Gates invested a billion dollars into the cable modem industry via Comcast. It was known as his "billion dollar bet". Check out this url:
idg.net. These two providers only market large residential and business areas with over 500,000 people in metropolitan areas. There is another company that markets the smaller areas such as Humboldt county, California called Internet Ventures.
Check out: perki.net
This company is finishing a Direct Public Offering and will IPO in July. The symbol will be IVI and it will be traded on the Nasdaq exchange. Their share price is $11 a piece.(matched shares offer is over) They have no debt, they are highly interested in expansion, and they are very aggressive in marketing their stock and their company!
A few days ago at the cable convention at Atlanta, an agreement was achieved in which Internet Ventures would be used to market all smaller markets across the U.S. for the Comcast corporation. Internet Ventures now has two securities firms following the company. They have been mentioned in The Investor's Buisness Daily, and if you contact them, they will send you a displayed in. This agreement is not public news as of yet. You can buy Internet Ventures shares directly from the company. They will probably run out within the next few weeks I am told. You can also wait for the July IPO.
If you have any more questions, please check out the Internet Ventures web site, e-mail info@perki.net, fill out their web from: perki.net or call them at: Tel: 800-701-7020
-------------------------------------------------------------------
-------------------------------------------------------------------
The following Email newsletter was sent to me this past week from the company after I bought shares using the subscription form on their web site:
Subject: IVI News Brief 5-15-98
Date: Mon, 18 May 1998 14:18:32 -0700
From: Robert Morse <webmaster@ivn.net>
IVI News Brief #5 - 5/18/98
Greetings from IVI!
In order to keep this mailing 'brief', where available,
links to more information on the web will be provided. In
addition, each issue of the news brief will be available on
the web at perki.net Also, now at
ivn.net
======================================
IVI TO CLOSE REGULATION "A" DIRECT PUBLIC OFFERING
The Board of Directors of Internet Ventures, Inc. announced
today ( May 18th) that it will close Internet Ventures'
Regulation "A" public offering of common stock effective
June 30, 1998.
At the same time, the board announced that it would
institute a two-for-one split of Internet Ventures common
stock effective July 6, 1998. Current shareholders will have
their shares doubled with a value of $5.50 per share.
The Board also has authorized seeking sponsorship for a
NASDAQ listing to enable active trading of Internet Ventures
stock.
Under the Regulation "A" offering, Internet Ventures (IVI)
has offered 454,545 shares of the company's stock at a price
of $11 per share. At the close of the offering, which has
been conducted directly on IVI's perki.net and
ivn.net World Wide Web sites, IVI will have
three million shares outstanding.
This news release shall not constitute an offer to sell or
the solicitation to buy securities in any state in which
such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws
of any such state.
======================================
New Site for ComputorLink
At last, ComputorLink, IVI's Affiliate print publication
based in Spokane, WA has a web site:
computorlink.com.
Each month, ComputorLink features helpful, useful
information on the latest technology and how to apply it to
business and life, written by knowledgeable individuals in
the computer industry. The May issue is currently online
(new areas are being added). Archives of past issues will be
added over the next few months.
While some of the content relates specifically to the
Spokane area, most of the magazine covers general technology
issues of interest to with a computer. With the launch of
this web site ComputorLink plans to broaden its readership
that already reaches over 30,000 people with print version.
======================================
PeRKInet Launched in Fourth Market
Internet Ventures, Inc. will launch its fourth PeRKInet(TM)
high-speed Internet installation when it begins offering
service to Sun Country Cable's Groveland, CA system in June.
IVI expects testing to begin within the regional market by
the end of May. Service will be available to all 1,700
Groveland and Pine Mountain Lake subscribers in June.
For the full story: ivn.net
======================================
IVI Subscriber Growth Way Up!
Over the last six months (9/97-3/98), overall subscriber
rates for IVI affiliates was up by 53%. Starting with 8,328
subscribers at the end of September, 1997, the subscriber
figures for the end of March, 1998 reach 12,791. Momentum
for increased subscribership in most IVI Affiliate areas is
growing.
PeRKInet subscriber growth has been even more spectacular.
Early in the launch of PeRKInet we had only 17 subscribers
by the end of last September. By the end of March, 1998 the
numbers had climbed to 1045 for a growth of 6100%.
A combination of continued Internet growth in general, IVI
Affiliates' excellent service record and market position in
each region has helped the company achieve these numbers.
=========================================================================
Copyright 1998, Internet Ventures, Inc. All rights reserved.
Send comments to: webmaster@ivn.net
=========================================================================
================================
Internet Ventures, Inc.
Dir. of Web Development
ivn.net
perki.net
computorlink.com
computorlink.com |
