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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: Buche' who wrote (498)	7/30/1998 9:03:00 AM
From: Seattle Mac	Read Replies (1) \| Respond to of 40688

Buche', Has ProNetLink announced a 2.0 launch date other than to say it will occur in August? Unless I've missed some posts, Glenn said two weeks ago that Proxicom would have it ready the first week in August...which was interpreted on this thread to be August 7th. Now they have a new partner in RareMedium and somehow I've got it in my head that Glenn has softened the launch date to "August", which let's say is the 31st. My experience is that taking over someone else's code isn't necessarily an advantage. The pressure, and I hope Glenn realizes this, isn't to hit a deadline but to make sure 2.0 addresses all the concerns, critiques, new enhancements that came from version one. It can be late and justified by the new association with RareMedium (although I'm sure the contract is loaded with incentives to get it done in August). What it can't be is a series of half-assed patches that doesn't make the site truely functional. Version 2.0 will define ProNetLink's commitment, affecting future confidence by customers, strategic allies, and investors which ultimately, will affect the price of stock. Just my opinion. Regards, Mac

To: Buche' who wrote (498)	7/30/1998 4:22:00 PM
From: Rudy	Read Replies (1) \| Respond to of 40688

SEC Creates Office of Internet Enforcement to Battle Online Securities Fraud FOR IMMEDIATE RELEASE 98-69 Washington, D.C., July 28, 1998 - The Securities and Exchange Commission today announced the formation of a new and specialized unit to combat securities fraud occurring over the Internet. John Reed Stark, the current Special Counsel for Internet Projects in the SEC Enforcement Division will serve as Chief of a new unit, the Office of Internet Enforcement, and Jay Perlman, a senior attorney in the Office of the Chief Counsel, will serve as deputy. "While the Internet has many benefits, a small group of thieves is trying to hijack unsuspecting investors on the information superhighway," said Richard H. Walker, the SEC's Director of the Division of Enforcement. The SEC has already brought more than 30 cases involving Internet-related securities fraud that have involved virtually every type of investment scam, including phony offerings, market manipulations, affinity frauds (e.g., frauds that target a particular ethnic or religious group), and pyramid and ponzi schemes. The SEC's Enforcement Complaint Center, the SEC's online communications center on the World Wide Web, now receives more than 120 complaints every day concerning Internet-related potential securities violations, many of which provide good leads for investigations or relate to existing investigations. "Since the first Internet-related case we brought back in 1995, involving a scheme to sell unregistered securities in a world-wide telephone lottery over the Internet (SEC v. PleasureTime), to our most recent case involving a $7.2 million ponzi scheme peddled via the World Wide Web (SEC v. Richmond), we have done our best to keep the Internet safe for investors. With the launching of this new unit we hope to beef up our Internet presence and continue the success of our Internet Program," said Mr. Walker. Mr. Stark joined the SEC Enforcement Division in 1991 after several years practicing commercial litigation with Arent Fox Kintner Plotkin and Kahn. He was named Special Counsel for Internet Projects in 1995, after completing a seven-month detail as an Assistant United States Attorney for the District of Columbia where he prosecuted criminal cases. Mr. Stark also serves as Adjunct Professor of Law at Georgetown University Law Center where he teaches a course entitled "Securities Law and the Internet." Mr. Perlman began his law career at the SEC in 1991, first in the Division of Corporation Finance where he was a staff attorney, then in the Enforcement Division's Office of Chief Counsel where he served as Branch Chief. Mr. Perlman also prosecuted criminal cases on a detail as an Assistant United States Attorney for the Eastern District of Virginia. The Office of Internet Enforcement will operate out of SEC headquarters in Washington, D.C. and will report to Joan McKown, the Chief Counsel of the Enforcement Division. sec.gov Last update: 07/28/98