These are several of the OLD Press Releases for FNTN:
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NEW YORK--(BUSINESS WIRE)--Jan. 14, 1998-- Financial Intranet Inc.
(OTCBB: FNTN - news) announced today that the company has signed a
contract with Hill Publishing, publisher of insurance trade magazines,
to offer enhanced communication services to the publisher's 125,000
subscribers.
The potential* value of the contract to Financial Intranet has been
estimated at $60 million in revenue annually.
Michael Sheppard, president and chief operating officer of Financial
Intranet, said that it has been estimated by Richard Hill, president of
Hill Publishing, that Financial Intranet could expect to initially sign
up to about 20% of their agents/subscribers, which would represent
potential revenues to Financial Intranet of about $5 million per month.
The contract calls for Hill Publishing to develop and implement an
informational and promotional campaign to communicate and endorse the
business benefits, efficiencies and cost savings of Financial Intranet's
array of interactive communications to its subscribers, located
currently in Florida and Texas. Financial Intranet will offer agents the
following services:
_The listing of all agents who sign up for services on Financial
Intranet's Website. Each agent will have a presence on Financial
Intranet's Website, which will allow them to advertise their individual
services.
_Substantial reduction in telecommunications costs, primarily intrastate
and interstate telephone/fax calls.
_The opportunity to have Financial Intranet develop and manage an agency
Website at a reasonable cost.
_Teleconferencing and video conferencing, for any agent who has the
required facilities.
_Video on-demand capabilities.
_Distance learning for continuing education.
Based on an estimated minimum average of $200 in revenue from each of
25,000 agents, the company anticipates about $5 million in monthly
revenue. ''The revenue we expect to generate from this source for fiscal
1998 is over and above the $15 million in gross revenues and $2.5
million in net profits that the company initially projected,'' Sheppard
said.
Hill Publishing currently reaches some 37,000 life and health agents in
Florida and 72,000 in Texas. The publication also reaches about 16,000
property and casualty agents in Florida.
The compny has sales organizations in Los Angeles, Las Vegas, Denver, Atlanta,
Orlando, New York and Boston.
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NEW YORK--(BUSINESS WIRE)--Dec. 22, 1997--Financial Intranet Inc.
(OTCBB:FNTN.O) announced today that as of the second quarter of 1998 the
company will be a fully reporting Bulletin Board stock.
Michael Sheppard, president and Chief Operating Officer of the
company, said, "We want to assure our shareholders and the investment
community that we have already begun the process necessary to provide
full reporting by the 1998 second quarter. Financial Intranet intends
to be in full compliance with any and all regulations that the
Securities and Exchange Commission and the National Association of
Securities Dealers may propose in the future."
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NEW YORK--(BUSINESS WIRE)--Dec. 29, 1997--Financial Intranet Inc.
(OTCBB:FNTN.O) announced today that the company will have a sales
organization operational by Jan. 1, 1998 initially covering Los
Angeles, Las Vegas, Denver, Atlanta, Orlando, New York and Boston.
Michael Sheppard, president and Chief Operating Officer of
Financial Intranet, said the company is on track to begin generating
revenues, projected to be $15 million gross, with net profits of $2.5
million during the first fiscal year.
Testing of the network at Beta centers is now underway and the complete network is
expected to be fully operational by January/February 1998.
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Company Press Release
Financial Intranet and Standard & Poor's ComStock announce co-marketing
agreement.
NEW YORK--(BUSINESS WIRE)--June 12, 1997--Financial Intranet Inc.
(OTCBB:FNTN - news) announced today the the company has finalized a co-marketing agreement with Standard & Poor'sComStock which will allow Financial Intranet to promote Standard and Poor's ComStock's products to its customers through ts distribution network. Financial Intranet's customers include broker/dealers, future commission merchants, mutual fund managers and others in the financial community.
Under the agreement, Standard's & Poor's ComStock and Financial Intranet will have the right to offer their services to each other's present and future subscribers for an initial term of two years, with options to continue for additional one-year terms.
Michael Sheppard, chief operating officer of Financial Intranet, said, ''By aligning ourselves with Standard & Poor's ComStock we have an immediate market presence with one of the world's largest financial information service providers. This will allow our sales force to aggressively pursue new subscribers for our network and for ComStock.'' Standard and Poor's ComStock is a premier real-time market data provider and leading data redistributor, delivering information from more than 125 sources and exchanges worldwide. ComStock's extensive data coverage includes equities, options, futures, commodities foreign exchange, analysis and news.
Financial Intranet Inc. is a developer of a secured intranet exclusively for mutual funds, broker/dealers including certified financial planners and futures industry members. The network enables all participants to increase their asset base, lead generation and marketability to the public and financial community, as well as reduce costs for real-time financial data, communications, advertising, education and training. The company's network will allow all participants Internet access, video-on-demand, and access to Financial Intranet's data bases. The company's Internet address is fntn.com.
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Tuesday June 3 8:02 AM EDT
Company Press Release
Financial Intranet receives $1 million private placement
NEW YORK--(BUSINESS WIRE)--June 3, 1997--Financial Intranet Inc.
(OTCBB:FNTN - news)
Announced today that the company has received $1 million in private placements from five institutions. Michael Sheppard, president and chief operating officer, said the company is offering common stock with a small discount to market price. Sheppard said Financial Intranet will use the money for the expansion of the company's sales force into the Chicago and New York markets and the completion of its financial services network.
Financial Intranet Inc., a network service provider, offers a full-range of comprehensive on-demand financial services including video-on-demand interactive training; storage, retrieval and distribution of mutual funds, stocks and bonds; financial performance information, technical description and other relevant information for participating broker/dealers and futures/commodities members |
