IATV...Bridge Technology Group LLC Announces Investment Buy Recommendation ..see below
Bridge Technology Group LLC Announces Investment Opinion on ACTV
NEW YORK (Dec. 15) BUSINESS WIRE -Dec. 15, 1998--
Initiates Coverage On ACTV, Inc. With a Buy Recommendation
Please Visit Bridge's Web Site at www.BridgeNYC.com
for Detailed Report
Bridge Technology Group LLC announced today that it has initiated coverage on ACTV, Inc. (NASDAQ:IATV) with a BUY recommendation. ACTV is developing innovative, proprietary software technology called Individualized Television and HyperTV, and is well positioned to capitalize on the opportunities arising from the convergence of the Internet and digital cable TV infrastructures. The full text of this report can be accessed at Bridge's web site, at www.BridgeNYC.com.
Jeffrey B. Davis, President of Bridge stated, "We are excited to be launching coverage of ACTV, as we believe it fits well with our profile of undervalued, under-followed companies. ACTV has developed enabling software technology for the converging Internet and digital cable TV media, and is positioned strategically with leading programming and distribution entities. We believe investors will be rewarded by looking beyond the pure-play Internet companies to companies like ACTV that provide content and technology for the Internet and digital cable TV infrastructure." Bridge Technology Group has a 12-month price target of $7 to $9 per share for ACTV common stock, and recommends purchase by investors tolerant of the risks associated with small-cap equity investments.
Excerpts from the report on ACTV follow: ACTV, Inc.
ACTV is both developing innovative, proprietary software technology, and managing relationships with leading programming and distribution entities, that we feel position the Company to capitalize on the opportunities arising from the convergence of the Internet and digital cable TV - the broadband cable infrastructure. Looking ahead a couple of years, we believe the commercially interesting impact of broadband digital cable is not going to be driven by higher-definition TVs (bigger, pretty pictures) or multi-casting (500 new channels to surf). It is going to be about delivering a host of enhanced video, telephony and data services into the home that will enrich the home entertainment, computing and communications experience - such as interactivity with the television, high-speed data and voice telephony, combining video and internet information, viewer-defined programming and advertising, and virtual environments for learning, shopping, gaming, etc. As the cable operators deploy digital technology and digital cable boxes throughout their networks, ACTV stands ready with innovative software content, programming and authoring tools to capitalize on the additional bandwidth in this broadband cable infrastructure.
ACTV is developing innovative, patented technologies it calls Individualized Television and HyperTV that create state-of-the-art programming for the emerging digital TV and Internet platforms. The first application of Individualized Television is the sports entertainment market, and the first application of HyperTV is the on-line education market. As the cable operators deploy the next generation of digital cable boxes throughout their networks, the Internet and broadband cable infrastructures will converge, as will the potential applications of ACTV's technologies. We believe the potential applications for Individualized Television and HyperTV are very broad, and include interactive advertising, sports, music, electronic commerce and a host of enhanced, interactive entertainment programming. Bridge Technology Group's Mission:
We at Bridge are focused on identifying emerging growth companies in the information technology and healthcare sectors that we feel offer compelling investment opportunities over the long term. We are focused on identifying high-quality companies with strong growth prospects. In this difficult market small-cap environment, we feel there are very good companies trading at low valuations, having been orphaned, oversold, or otherwise ignored by the institutional investment community. We intend to select the most exciting of these investment stories and work diligently to increase their visibility.
The information in this press release has been obtained from sources that Bridge Technology Group LLC believes to be reliable, but the Company does not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation by Bridge Technology Group LLC for the purchase or sale of any securities. Bridge Technology Group LLC may have performed investment banking, consulting or other services for or may solicit investment banking, consulting or other business from, any company mentioned in this release. Bridge Technology Group LLC or persons associated with Bridge Technology Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof while the Company's reports are in circulation or posted on the Bridge Technology Group LLC web site at www.BridgeNYC.com. This material, or any portion thereof, may not be reproduced without prior permission from Bridge Technology Group LLC. Bridge Technology Group LLC is not responsible for the contents of this document that is intended for electronic transmission and could be thus subjected to tampering or alteration. Copyright (c) 1998 by Bridge Technology Group LLC. All rights reserved.
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CONTACT: Bridge Technology Group LLC
(212) 554-4158 (phone)
(212) 554-4058 (fax)
info@BridgeNYC.com
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