To: Tracy Moore who wrote (276 ) 12/16/1998 7:47:00 PM From: Retaylor Read Replies (1) | Respond to of 3517
EINI news after the bell today, very impressive! This company is currently trading at .81 and was at $3.50 September 22, 1998 which is when they went public. This stock should really fly now with this very positive news release and due to the unique service that they are offering. Wednesday December 16, 4:51 pm Eastern Time Company Press Release TEI Posts Explosive Year-End Numbers CastNet.com, America's Premier Online Casting Service, Shows Rapid Growth LOS ANGELES--(BUSINESS WIRE)--Dec. 16, 1998--TEI's CastNet.com division, the Internet casting service revolutionizing the way the entertainment industry casts its film, television and commercial products, released its year-end numbers Wednesday, showing phenomenal growth. These include: The total numbers of actors subscribed to the site grew from 17,195 to 31,909, with approximately one-third being paid actors. (85 percent growth) The total number of hits per month on the Actor's Site grew from 50,000+ to 800,000+. (1,500 percent growth) Daily log-in average by talent agents grew from 10 to 70. (600 percent growth) Casting directors online grew from 100 to 209. (More than 100 percent growth) Significant growth was also made with the number of guild-franchised talent agencies, growing from 50 to more than 120. ''These numbers are very encouraging and demonstrate that CastNet.com is doing well and growing,'' said Paul Kessler, chairman of TEI/CastNet.com. ''It also proves that the entertainment industry is beginning to turn to the Internet and services like CastNet.com for its business solutions. It's been a great year for TEI and CastNet.com.'' Thom Mount, TEI/CastNet.com's co-chairman, attributes the growth of the CastNet.com service to the company's aggressive marketing campaign, which has recently made a push into Chicago. CastNet.com has been doing work in the ''Windy City'' to expand and garner awareness for its new ''Now Playing'' feature, which allows casting directors using the service to view current stage show casts of Chicago companies such as Second City and The Goodman Theatre. Expansion plans are being finalized for New York City. CastNet.com offers a range of services: fully searchable resumes, breakdowns, submissions, audition scheduling, agent talent databases, sides, full scripts, enhanced e-mail capabilities, pre-sorted submissions and industry-standard printable head shots -- all at the fingertips of those who need it. Agents and casting directors may now complete their job electronically, eliminating the need to deal with the aggravations of ''snail mail'' and reducing their overhead costs via the CastNet technology. A wholly owned subsidiary of TEI (Nasdaq BB:EINI - news), CastNet.com is a company dedicated to providing a full range of online services for the needs of the global entertainment community. -------------------------------------------------------------------------------- Contact: Bragman Nyman Cafarelli John Rafacz/Paul Pflug, 310/274-7800