Agree completely.
When I corresponded with him months ago, he would not even respond to my suggestion that he try the PNLK site for free to be able to judge whether or not his Stock Defective statements were true. He has been misleading, in my opinion, and that is indeed (also my opinion) a sign of arrogance. To hide behind the first amendment is common; I would respond with, "ever heard of libel?" and have the attorneys follow up on it. Note that his company, Axxess, has changed its name to financialweb. I would not endorse this personally, of course, and the below is for informational purposes only - many of us have followed the tawdry history of the Axxess stock. My only comment to them is:
"Oh what a tangled (Financial)WEB.com we weave when we first attempt to deceive.
***************************************************************
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. toFinancialweb.com,
Inc.; to more accurately reflect the Company's core business. The name
change shall become effective on January 1, 1999.
The Company further announced that it has engaged the Investment Banking
firm of Spencer Trask Securities, Incorporated as its corporatefinancial
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 therapidly
emerging publishing aspects of the Internet. The Company develops newand
proprietary online financial information services, publications and
related applications and acquires and improves existing publications and
service applications. Axxess presently, and plans, to derive revenuesfrom
advertising, licensing, syndication and redistribution of its contentand
services, in addition to revenues generated by the sale of value added
products and services offered on the Axxess web sites or that of itslicensees.
Axxess presently owns and operates seventeen (17) web sites united under
the brand FinancialWeb(TM) ( financialweb.com ). These sites
include: pre pre Quote Central(TM) ( quotecentral.com) --free
real time and delayed stock, option, bond, mutual fund and index quotes
and market data; pre pre Stock Detective(TM)
stockdetective.com ) -- the acclaimed online journal which
investigates over-valued stocks and Wall Street scandals; pre pre Wall
Street Guru(TM) ( wallstreetguru.com ) -- opinions from top
stock market analysts to daily upgrades and downgrades from Wall Street;
pre pre Rapid Research(TM) ( wallstreetguru.com ) -- detailed
fundamental stock reports and screeners; pre pre StockTools(TM)
stocktools.com ) -- stock charts, screeners, portfolios,
historic data and more; pre pre The SmallCap Investor(TM)
smallcapinvestor.com ) -- information on small and micro-cap
stocks; pre pre InvesToons(TM) ( investoons.com ) -- a lookat
the humorous side of Wall Street; pre pre Newsvest(TM)
newsvest.com ) -- late breaking news throughout the
FinancialWeb; pre pre MrEDGAR(TM) ( mredgar.com ) -- a
searchable database of SEC filings; pre pre YourFunds.com(TM)
yoursfunds.com ) -- a searchable database of detailed Mutual
fund reports, mutual fund analysis and commentary; pre pre AnnualReports
OnLine(TM) ( arolo.com ) -- an online Annual Report
distribution service; pre pre The Bear Tracker(TM)
beartracker.com ) -- articles centering on short selling
strategies; pre pre StrikePrice(TM) ( strikeprice.com ) --
extensive option quotes, market data, portfolios and more; pre pre
FinancialWeb University(TM) ( fwuniversity.com ) -- provides
interactive glossaries and soon-to-be educational interactivecurriculums
pre pre BullMart(TM) ( bullmart.com ) -- Axxess' entry intothe
world of e-commerce; and pre pre AxxessWeather(TM)
axxessweather.com ) -- the first of many plannednon-financial
Internet web sites to be provided by FinancialWeb. pre pre The main
attraction of the FinancialWeb is that all of the information isprovided
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, USAToday,
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. pre pre In
connection with the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995, the Company wishes to caution readersthat
this news release contains certain forward-looking statements made by or
on behalf of the Company, and that such forward-looking statementsinvolve
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 theSecurities
Act of 1933, as amended, and Section 21E of the Securities Exchange Actof
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. pre pre It is thepolicy
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 emergedand
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 andother
resources than the Company. The Company expects intense competition onthe
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. pre pre There are relativelyfew
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 developedby
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. pre SOURCE Axxess, Inc. |
