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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fortune III who wrote (3)	7/4/1998 4:43:00 PM
From: dharampal luthra	Respond to of 15313

I think the following news release speaks volumes for this company: NEW YORK--(BUSINESS WIRE)--April 29, 1998--Financial Intranet Inc. (OTCBB:FNTN - news), a New York based network developer of Intranet, Internet and specialized communications services, reported today it has signed a letter of intent to acquire International Data Broadcasting Inc. of Brandon, Florida. International Data Broadcasting, Inc. is a company dedicated to offering electronic information streams that will include data, voice and video through its wireless paging services, leading to interactive multi-cast communication in the near future. There are thirty million pagers in operation in the U.S. today and an estimated fifty million individual shareholders. Since paging technology is the fastest and most economical medium of communication currently available, IDB is able to provide its customers with time critical information at significant cost savings contained within a flexible framework of customizable, programmable and automated criteria. This is the E-Mail of the Future. Financial Intranet Inc.'s clients are Mutual Funds, Investment Bankers/Brokerage Firms, Insurance Companies, Futures Commission Merchants and Certified Financial Planners. This will give Financial Intranet's clientele new opportunities to directly access their own private clients or individuals en masse over our proprietary networks anywhere throughout the entire World. This will essentially enable them to relay up to the second information of any nature. In the near future, this will incorporate unlimited instantaneous multi-way, interactive multi-media communication. In short, this new means of mass distribution will allow financial service professionals, to communicate interactively with his entire existing client base and future clients at any time and any place, Worlwide. Michael Sheppard, President and C.O.O. of Financial Intranet said: ''While Financial Intranet will offer a wide range of Financial Information and proprietary content over its Intranets and Internet Sites. The acquisition of International Data Broadcasting Inc. will enable us for the first time to go beyond the Internet in providing up to the second information directly to the public by utilizing the 'next generation' of multi-cast wireless Email. Since Financial Intranet's clients are manufacturers and distributors of Financial Products and Information, they will now have the ability to instantly reach their end users at any time and place. Obviously, this carries enormous implications to advertise unlimited information or mass-motivate large franchise networks and sales organizations. The acquisition of IDB with all of their potential should add substantial value to our shareholders. Mr. Dwayne Pass, Chief Executive Officer of International Data Broadcasting, Inc. said: ''We are delighted to be joining the Financial Intranet Group. This relationship should expedite and expand distribution of our products which contain proprietary software that will enable us to seamlessly merge our combined services and enhance our abilities to penetrate any designated market sector.'' Further information can be found at our website: goidb.com. In addition, Financial Intranet announced today, that a new transfer agent has been appointed. Address all information relevant to stock transfer to: Liberty Transfer Company, 191 New York Ave. Huntington, N.Y. 10580, Phone: 516/385-1616. 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 Information Network, that will enable enhanced links to be created 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. Contact: Michael Sheppard, President & C.O.O. 212/702-4873