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Technology Stocks : IMAL - Online Shopping Mall -- Ignore unavailable to you. Want to Upgrade?


To: Mary Cluney who wrote (17)11/30/1998 6:54:00 PM
From: Candle stick  Read Replies (1) | Respond to of 399
 
IMAL is about to be discovered. This stock could triple in one day. For anyone new to the company, here is a little background:

Todays close was 12 5/8, and given the huge runups in far less superior companies like BAMM and SHRP, IMAL could easily run to 30 in one day. It is 72% insider owned, no stock available....What do they do? Read below:

The Company operates the largest shopping mall on the Internet, located at imall.com, and recently launched its Internet shopping portal, located at stuff.com.

IMAL is a pioneer in electronic commerce services, enables and supports small- and medium-sized businesses in their effort to cost-effectively engage in electronic commerce through the use of iMALL's(IMAL) proprietary e-commerce tools and services. iMALL (IMAL) offers its e-commerce services directly to merchants, as well as through partnerships with leading ISPs, Web hosting firms, and financial service companies with an Internet focus.

First Data Merchant Services Corporation (FDMS), a subsidiary of First Data
Corporation (NYSE:FDC - news) has purchased a $14 million equity stake in iMALL at $7.00 per share, consisting of an
initial investment of $10.8 million and an additional $3.2 million subject to iMALL shareholder approval.

First Data Merchant Services Corporation (FDMS), a subsidiary of First Data Corporation (NYSE:FDC - news) has purchased a $14 million equity stake in iMALL at $7.00 per share, consisting of an initial investment of $10.8 million and an additional $3.2 million subject to iMALL shareholder approval. The companies also agreed to jointly offer a full array of Internet commerce solutions to FDMS' clients and their nearly 2 million merchants. Under terms of the 10-year agreement, FDMS and iMALL will jointly market turnkey solutions providing
comprehensive Internet services including storefront design and building, site hosting, payment-enabling electronic commerce
functionality and online merchant application processing.