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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: crimson who wrote (22457)	12/4/1998 4:02:00 PM
From: TheAlaskan	Read Replies (3) \| Respond to of 119973

NAVR issues I just got off the phone with Spencer Moss, their investor relations person: IPO is not mutually inclusive with the hiring or timing of a new CEO. I mentioned the CBS Market watch article..he brushed it off. The IPO will be announced when they are ready and time it properly. They will not rush anything and as a company, are not DEPENDENT on the Net radio offering. Net radio is important, but currently comprises only a small portion of their distribution business. They own 85% of Net radio and its software that gives the consumer "click, pick and purchase" for instant ordering and order fulfillment......... Spencer was very keen on their advantages of distribuiton, their lower distribution costs and their customer service and fulfillment which is superior to any competitor. In addition their music distribution business is signing more and more independent labels...why??? because they offer weekly payments to artists and labels that are backed up with the weekly sale sheet on sales from all over the physical US as well as from the internet. Recording artists and labels prefer to deal with Navarre as an exclusive distributor because they receive superior service and faster payment. Other distribution companies pay monthly and then fail to back up the payment with a detailed sales sheet. That is why Wu-Tang, Kenny Rogers and others newly "independents" are moving to Navarre with others pending. Plus Navarre can get their new releases distribued in 72 hrs after release. No waiting in lines...customer fulfillmnet. Same goes for their computer software releases. 72 hours after they are available..Navarre is shipping. Moss was obviously very interested in Netradio, but he wanted to impress that it is the superior distribution system, superior distribution management (15 year dist. company) that should be why investors should buy Navarre. RE: New CEO..they are actively looking/interviewing for a new CEO. The emphasis is on quality for an individual that can take them to the next level as opposed to haste to get the IPO out. He would not elaborate for fear of selective disclosure, but I gathered that the info. in the recent CBS Marketwatch is wrong. The IPO will be announced when Navarre wants it to go out, NOT necessarily dependent on the hiring of a new CEO. For what its worth, I'm holding for another run up and I am in at 8 1/4. My review shows that it is a solid company with some advantages over other internet distributors. More positive info will make it move... The Alaskan