To: DueDiligence who wrote (55 ) 9/16/1998 7:38:00 PM From: zgoodman Respond to of 459
DD, thanks for the good reading! Those articles were very interesting - and considering the recent events with Internet stocks - quite timely as well. Today's press release is as follows: Key Capital Corporation Announces Revenue Growth and Free Membership to Internet's KeyClub International DALLAS--(BUSINESS WIRE)--Sept. 16, 1998--Key Capital Corporation (''KCAP'') advises that total sales for the first quarter of 1998 were $341,500 ($113,833 per month). July sales were $316,000, August $425,000 with September projected to be around $500,000 rising to over $700,000 per month by year end. The Company's contract with Brainstorm USA is currently running at a level of 60 - 70 systems per week. This is expected to continue increasing to 150 systems per week by year end. Further, as recently announced, Key Capital's ''KeyClub International'' is launching the Company as an Internet provider of ''value'' and discount goods, services and benefits to all KeyClub members. Details for obtaining FREE membership can be obtained at the Company website, www.kcap.net. KeyClub's alliance members include: AT&T, Kinko's, League of American Investors, IBM, Dow Jones & Co. Hertz, Avis, MAACO, Microsoft, Compaq, Hewlett-Packard, Toshiba, Exxon, Radisson, Hyatt, ADP, British Airways and Northwest Airlines. KeyClub is establishing itself as a ''value'' site for members when operations commence in October, 1998. This KeyClub e-commerce site will be driven by providing the best available Internet e-commerce pricing on numerous goods, services and benefits for all KeyClub members. With membership targeted at over 5,000,000 by end of 1999 KeyClub's purchasing and/or negotiating power for member benefit will rapidly increase. Through the Company's recent acquisition of the American Small Business and Investors Association current benefits include: a further 5% discount on your AT&T account; three FREE legal consultations; FREE magazines; FREE consultation with veterinarian for your pet; FREE dental examination; up to 50% off hotel rooms; up to 50% off car rentals; up to 60% off glasses - contacts; 20% off legal bills; 10% off Kinko's; 15% off flower arrangements and many, many more including FREE KeyClub International membership to December 31, 1999 valued at $89.90. I think this is a very positive release. The shareprice fell off a bit earlier this week, but KCAP is getting lots of volume and seems to be recovering nicely. Zack PS - Home page/Signup for KeyClub is at: kcap.net