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Microcap & Penny Stocks : Starnet...Clicktoplay...STEN -- Ignore unavailable to you. Want to Upgrade?

To: Malko who wrote (430)	12/15/1998 10:36:00 AM
From: Bill on the Hill	Read Replies (1) \| Respond to of 1071

This volume is great. We are seeing steady accumulation of STEN. Not only will the demand for STEN stock be great in the U.S. market but I believe also in the Israel, French and English market. Looks like the London market is actively pursuing Israeli companies. Perhaps STEN should look towards London. Bill Tuesday, December 15, 1998 26 Kislev 5759 Updated Tue., Dec. 15 10:31 London seeking Wall St.-bound Israelis By NICKY BLACKBURN TEL AVIV (December 16) - By joining London's financial markets Israeli companies will gain access to a vast pool of capital coming from financial investors around the world, Theresa Wallis, chief operating officer of the Alternative Investment Market (AIM) told business leaders yesterday. Wallis, who was speaking at a seminar on the City of London financial services in Tel Aviv, told the assembled audience of some 150 guests that London's two markets - the London Stock Exchange and AIM - offer Israeli companies an entrance to the "largest pool of international capital in the world." "London plays a leading role in international listings," she said. "We have more international listings than any other stock exchange in the world, including NASDAQ." Some 525 non-UK companies, many of them from the high-tech arena, are listed on the London Stock Exchange. Wallis came here as a part of a mission led by Lord Levene, the lord mayor of the City of London, to raise the profile of London's markets in Israel. "London as a financial center is the most active and liquid trading market in international equities in the world," said Wallis. "It is responsible for the highest level of equity trading, six times more than NASDAQ." A public flotation in London will attract coverage by more international investment analysts and will "enhance a company's reputation and standing among clients and investors," she told guests. Wallis, who said the trend towards raising capital outside one's own market is on the rise, said that London's well-regulated exchange acts as a complement to companies that are listed on home exchanges. "The feedback from companies listed on our markets shows that the additional interest led in turn to increased trading on the domestic market." London's alternative exchange, AIM, which is designed for emerging companies, was launched in June 1995. So far six Israeli companies, including Geo Interactive, have been listed on it, making Israel the country with the second largest representation after Ireland. This year data communications company BATM Advanced Technologies, based in Rosh Ha'ayin, was the winner of the AIM award for best technology. The company first joined AIM in July 1996. It raised capital of $8 million and two years later raised another $16m. In the process, share prices rose 38.4 percent. "This issue has been a real credit to AIM," said Wallis. Wallis said that AIM is looking for companies with strong management, the right system, and a clear strategy of growth.