To: Oeconomicus who wrote (43 ) 7/14/1998 10:13:00 PM From: Jsolo Read Replies (1) | Respond to of 9677
I have just purchased 1700 shares today at $5.00. These are my first investments into FirstWave Technologies. These are my reasons for investing in this company: 1) I have reviewed their company home page: firstwave.net International Affiliates: Global connections for global customers. European and African Market (Memory Data AB, Orda-m N.V. Central de Procesos Informaticos (CPI)) Pacific Rim Market (Contact Technology Limited) Latin American Market-(Inffinix Software, S.A. de C.V.) Technology Partnerships: Alliances providing technology expertise to keep clients successful. (Synchrologic, Seagate, Microsoft, Oracle, Quadbase Systems, Informix, Sybase, Firstfloor, InterVoice, Data General, Hewlett Packard, IBM, Sun Microsystems) Technology Partnerships: Alliances providing technology expertise to keep clients successful. (Microsoft, AnswerThink) 2) I like the testimonials written by industry experts about Net Gain(strong potential)( firstwave.net ), positive article reviews about the company (http://www.firstwave.net/news/articles/ ). 3) Board of Directors and Officers (From the Annual Report) Richard T Brock, Chairman: Founded and served as CEO of Management Control Systems, Inc. Now a division of CLR Professional Software. Received MBA from Louisiana State university and BS from Spring Hill College. Also a CPA R. Douglas MacIntyre, President & CEO: President and CEO of Dun & Bradstreet Software, Preesident and COO of Software 2000, Management positions at Management Science America, president of the American Software Association. Received BS from the US Military Academy at West Point, Master of science degree in business administration from Boston University. Completed executive programs at the Harvard, Wharton, and Stanford Business Scools. Michael T. McNeight, Director V.P. of Internet Security Systems. President and CEO of Auru, Software Inc. Held Management positions with Dun & Bradstreet Software. BA from Oklahoma State University, MS from Texas Christian Univeristy John F. Keane, Director Chairman and CEO of Keane, held various positions in marketing for IBM and was a consultant for Arthur D. Little. Director of EG&G. Graduate of Harvard College and Harvard School of Business Administration. James R. Porter, Director President, CEO, and Chairman of Triad Systems Corp, Executive at Informatics General Corporation and United Systems International, serves on board of directors for Silicon Valley Bank, Triad Park LLC and Cellular Technologies. BS in engineering from Texas A&M and attended Harvard Graduate School of Business Kenneth D. Barwick, Vice President of Worldwide Sales Lisa M. Campbell, Vice President of Marketing Kenneth (Dutch) Schultz, Vice President of Development Stephen B. Spence, Vice President of Client Services Judith A Vitale, Director of Finance and Admistration 4) Insider Activities ( biz.yahoo.com ) 5) Valuation Ratios / Profile ( biz.yahoo.com ) Price/Book (mrq) 2.60 Price/Sales(ttm) 1.63 Total Debt/Equity(mrq) 0 Shares Outstanding 5.13 m Float 1.7 m 6) For the three months ended 3/31/98, net revenues rose 6% to $3.6 million. Net loss decreased 28% to $573 thousand. Revenues reflect increased international license revenues due to several large system expansions in Europe and Mexico. Loss also benefitted from lower bad debt expense and reduced litigation related fees. 7) Recent news: Honeywell Selects Netgain Sales -- The First Enterprise Sales information System Designed Specifically For The Internet ( biz.yahoo.com ) Firstwave Technologies, Inc. Recently Named 'Hot Technology' Company by Facts Online -- Industry Excited About Company's Revolutionary Web Based Sales Information System ( biz.yahoo.com ) New Sales Information System from Firstwave Technologies Takes Advantage of Microsoft's Component Architecture ( biz.yahoo.com )