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

To: JW@KSC who wrote (6978)	9/30/1998 2:08:00 PM
From: EZ ED	Read Replies (1) \| Respond to of 15313

September 30, 1998 01:59 PM ARDSLEY, N.Y.--(BUSINESS WIRE)--Sept. 30, 1998--Financial Intranet, Inc. announced today that its plans to acquire International Data Broadcasting Corporation (IDB) have changed. After conducting thorough due diligence on IDB's existing business and current status in the paging market, FNTN is instead negotiating a marketing agreement with the Brandon, FL. based quote-alert service. Upon completion, the marketing agreement will allow FNTN to actively market and sell the IDB WatchDog product through its sales force, Intranet and Internet Web Site. Michael Sheppard, President and Chief Operating Officer of FNTN, said, "Our initial interest in IDB was fueled by our efforts to continuously offer Broker/Dealers new technology and products. By not purchasing IDB outright, we are able to accomplish this initial objective while continuing to look at other appropriate acquisition opportunities." Financial Intranet, Inc. has established the nation's first proprietary, secured, on-demand data and video financial information network that links the brokerage and mutual fund industries together and connects both to the individual investor.

To: JW@KSC who wrote (6978)	9/30/1998 2:14:00 PM
From: dharampal luthra	Read Replies (2) \| Respond to of 15313

First things First. Happy B-day to Tomato Man. Excellent write-up Wally. And Jim W, I do acknowledge your knowledge of all those hi-tech transmission technologies. But for FNTN for now at least, ISDN will have to do and it is readily available all over the US. Maybe they can get the Singapore and Hong Kong markets with VDSL later on as well. Now that was just the video part of the business. I am still waiting to hear more about the Intranet information business. Harry