Yields, Here is some recent PR on AXXS. Not bad write up. Stock was up almost 2 points last week with volume under 50,000. Any feel for what the high for shorting should be?
Thanks, M
----------------------------------------------------------------
ALTAMONTE SPRINGS, Fla., Dec. 11 /PRNewswire/ -- Axxess, Inc. (OTC Bulletin Board: AXXS) announced today that at a Special Meeting of the Board of Directors of the Company held on December 10, 1998, a proposal was unanimously adopted to amend the Company's Articles of Incorporation and change the name of the Company from Axxess, Inc. to Financialweb.com, Inc.; to more accurately reflect the Company's core business. The name change shall become effective on January 1, 1998.
The Company further announced that it has engaged the Investment Banking firm of Spencer Trask Securities, Incorporated as its corporate financial consultant, financial advisor and investment banker. Spencer Trask is a New York-based investment firm specializing in private equity for high-growth companies. The firm is known for financing leaders in technology, software, telecommunications and health care, such as Ciena Corporation, Myriad Genetics and Immune Response Corp.
Roger Baumberger, Managing Director of Spencer Trask stated, "Axxess we believe is well positioned to become one of the premier web portals for financial as well as other information."
Axxess, Inc. has been developing commercial opportunities from the rapidly emerging publishing aspects of the Internet. The Company develops new and proprietary online financial information services, publications and related applications and acquires and improves existing publications and service applications. Axxess presently, and plans, to derive revenues from advertising, licensing, syndication and redistribution of its content and services, in addition to revenues generated by the sale of value added products and services offered on the Axxess web sites or that of its licensees.
Axxess presently owns and operates seventeen (17) web sites united under the brand FinancialWeb(TM) ( financialweb.com ). These sites include:
Quote Central(TM) ( quotecentral.com) -- free real time and delayed stock, option, bond, mutual fund and index quotes and market data;
Stock Detective(TM) ( stockdetective.com ) -- the acclaimed online journal which investigates over-valued stocks and Wall Street scandals;
Wall Street Guru(TM) ( wallstreetguru.com ) -- opinions from top stock market analysts to daily upgrades and downgrades from Wall Street;
Rapid Research(TM) ( wallstreetguru.com ) -- detailed fundamental stock reports and screeners;
StockTools(TM) ( stocktools.com ) -- stock charts, screeners, portfolios, historic data and more;
The SmallCap Investor(TM) ( smallcapinvestor.com ) -- information on small and micro-cap stocks;
InvesToons(TM) ( investoons.com ) -- a look at the humorous side of Wall Street;
Newsvest(TM) ( newsvest.com ) -- late breaking news throughout the FinancialWeb;
MrEDGAR(TM) ( mredgar.com ) -- a searchable database of SEC filings;
YourFunds.com(TM) ( yoursfunds.com ) -- a searchable database of detailed Mutual fund reports, mutual fund analysis and commentary;
Annual Reports OnLine(TM) ( arolo.com ) -- an online Annual Report distribution service;
The Bear Tracker(TM) ( beartracker.com ) -- articles centering on short selling strategies;
StrikePrice(TM) ( strikeprice.com ) -- extensive option quotes, market data, portfolios and more;
FinancialWeb University(TM) ( fwuniversity.com ) -- provides interactive glossaries and soon-to-be educational interactive curriculums
BullMart(TM) ( bullmart.com ) -- Axxess' entry into the world of e-commerce; and
AxxessWeather(TM) ( axxessweather.com ) -- the first of many planned non-financial Internet web sites to be provided by FinancialWeb.
The main attraction of the FinancialWeb is that all of the information is provided free to the end-user and, as such, has been dubbed, "The Ultimate Free Financial Information Website."
Collectively, the FinancialWeb family of Internet sites generate approximately three million page views monthly.
The FinancialWeb has received national acclaim and has been mentioned in Barron's, The Wall Street Journal Interactive Edition, Forbes, Money, Business Week, Time, Worth, Smart Money, The Los Angeles Times, USA Today, San Francisco Chronicle, U.S. News & World Report, CNBC, MSNBC, Individual Investor, Online Investor, TheStreet.com, Net Guide, PCWeek Online, The Motley Fool and Microsoft Money Central just to name a few.
In connection with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company wishes to caution readers that this news release contains certain forward-looking statements made by or on behalf of the Company, and that such forward-looking statements involve risks and uncertainties; and as such, could affect actual results and could cause results to differ materially from those expressed in such forward-looking statements.
"Forward-looking statements" are defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specifically, all statements other than statements of historical facts included in this press release regarding the Company's financial position, business strategy and plans and objectives of management of the company for future operations are forward-looking statements. These forward-looking statements are based on beliefs of the Company's management, as well as assumptions made by the information currently available to the Company's management.
It is the policy of Axxess, Inc. to refrain from organized investor relations activities designed to encourage investment in its publicly traded shares, and to limit information about the Company to current and historic events until such time that Axxess can make publicly available audited financial information and provide potential investors the additional benefit of reviewing periodic SEC filings.
Axxess would like to caution readers that the markets for the Company's services are new, intensely competitive, rapidly evolving and significantly fragmented. New products and companies targeting the Internet are introduced frequently. Technologically proficient new companies that provide integrated or specialized services have emerged and are competing with the Company. Many of the Company's competitors or potential competitors have longer operating histories, greater name recognition, longer client relationships and significantly greater financial, management, technology, development, sales, marketing and other resources than the Company. The Company expects intense competition on the Internet in the future.
The Company's current and potential competitors include, but are not limited to: Microsoft Corporation; Yahoo!, Inc.; America Online, Inc.; Intuit, Inc.; Excite, Inc.; Ebay, Inc.; Amazon.com, Inc.; Data Broadcasting Corp.; Infoseek Corp.; Netscape Communications, Corp; Geocities; Lycos, Inc.; and Onsale, Inc.
There are relatively few barriers to entry into business on the Internet. While some of the products and services the Company has developed is proprietary, the Company believes that similar products and services could be developed by other competitors. The Company expects that it will face additional competition from new entrants into the market in the future.
For further information on the Company please visit financialweb.com.
SOURCE Axxess, Inc.
/CONTACT: Kevin A. Lichtman, President, Chairman of the Board of Axxess,
Inc., 407-834-4443, fax, 407-834-3870, or kevin@financialweb.com/
/Web site: financialweb.com
(AXXS)
In NYF023, Axxess, Inc. to Change Name to Financialweb.com, Inc., issued earlier today, we are advised by the company that the last sentence of the first paragraph should read, "The name change shall become effective on January 1, 1999," rather than "January 1, 1998," as originally issued.
/PRNewswire -- Dec. 11/
/Web site: financialweb.com
(AXXS)
In NYF023, Axxess, Inc. to Change Name to Financialweb.com, Inc., issued earlier today, we are advised by the company that the last sentence of the first paragraph should read, "The name change shall become effective on January 1, 1999," rather than "January 1, 1998," as originally issued.
/PRNewswire -- Dec. 11/ |
