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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: JWC who wrote (10603)	11/26/1998 10:25:00 PM
From: DavidCG	Read Replies (1) \| Respond to of 44908

*Off Topic* From BANY's Nov 11th release: "ANYTHING INTERNET CORPORATION On September 2, 1998, Banyan (BANY) announced it had acquired 1 million shares of Common Stock, a 33% minority interest, in Anything Internet. Anything Internet is a privately held computer retailer specializing in Internet-only sales of computer hardware, software and peripheral products. Sales at Anything Internet have grown from zero to over $300,000 a month in less than one year. Anything Internet anticipates continued strong growth in revenues well into the foreseeable future. Additionally, both myself and J. Scott Sitra were recently named outside Directors to Anything Internet. In conjunction with the acquisition, Banyan's Board of Directors authorized a stock dividend of 200,000 shares of Anything Internet Common Stock to be paid on December 7, 1998 to shareholders of record on November 3, 1998. It is anticipated that shareholders of record will receive approximately one share of Anything Internet for every 45 shares of Banyan held as of the record date. Within the next few weeks Anything Internet will submit the necessary documents and applications to market makers and the National Association of Securities Dealers (NASD) to authorize trading of its Common Stock on the OTC Bulletin Board. At the time its stock commences trading, Anything Internet will have approximately 3 million shares of Common Stock issued and outstanding. Anything Internet's peer companies that are currently publicly traded are valued, on average, at about 12 times gross annual revenues. If Anything Internet trades at just half of that valuation, Banyan would have a book value notably higher than current market prices. Additionally, Anything Internet is proving to be an excellent source of sales for Banyan's products to end consumers and businesses. " Hope that helps, JWC. Back to TSIG. -DavidCG