To: Jeffrey L. Henken who wrote (290 ) 12/23/1998 1:36:00 PM From: P.E. Allen Respond to of 962
Another tip from your Uncle Ernie!!!!!!!! This one could run for days. Check out this news article and see the huge potential of this cheap internet stock with all the bells and whistle. Big name clients and affiliations: Heavily followed by investment houses and analyst. Wednesday December 23, 8:05 am Eastern Time Company Press Release The Source Information Management Company Announces the Signing of First Internet ICN Contracts ST. LOUIS--(BUSINESS WIRE)--Dec. 23, 1998--The Source Information Management Company (NASD:SORC - news) today announced that it has entered into its first contractual agreements with publishers to participate in Interactive Communications Network (ICN). The initial publisher clients include Time Distribution Services, Ziff Davis, and Wenner Publications. The Company anticipates additional publisher signings in January, 1999. The Company also intends to introduce ICN to General Merchandise and Confection Vendors early next year. The secured ICN website allows vendors, retailers, and distributors to communicate interactively and creates the opportunity for publishers to advertise special promotions and new title introductions graphically to retailers and their servicing distributors. Other important usage is the daily revision of chain authorized title lists. ICN also provides the vehicle through which the Source downloads UPC update information daily on a title by title basis to each individual retail chain. This information is essential to all parties in the distribution network including publishers, distributors and retailers. Utilization of this website expedites the entire information dissemination process and electronically documents all activity. Initial indications are that retailers currently using the system enter the site an average of 5 to 10 times per day to extract data provided by the Source. Retailers on the system include Kmart, Southland 7-eleven, CVS Drug, A&P (US and Canada), King Soopers, Inc, and many others. The Company expects to have most retail chains utilizing the ICN website by April 30th, the end of the first fiscal quarter. Retailer usage has created an incentive for vendor participation. Vendors are charged an annual access fee and are billed separately for graphic advertising images and other ICN internet related services. The Source Information Management Company provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent. The Company's innovative technology and systems have enabled an expansion of its core retail display allowance business, bringing to the market both front-end management and interactive communications between vendors and retailers. With the planned acquisitions of MYCO, Inc., Chestnut Display, Inc., Yeager Industries, Inc. and Brand and Affiliates, Source will provide front-end fixture manufacturing, shipping and disposal of old fixtures, thus expanding service capabilities to its retailer and vendor clients. SAFE HARBOR STATEMENT: The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements within the meaning of the federal securities law. When used in this press release, the words ''believes,'' ''anticipates,'' ''intends,'' ''expects'' and similar expressions are intended to identify forward-looking statements. Because such forward-looking statements involve certain risks and uncertainties, the company's actual results and the timing of certain events could differ materially from those discussed herein. Factors that could cause or contribute to such differences include, but are not limited to: increased competition; significant changes in the marketing strategies of publishers; and the inability of the company to successfully manage its expansion, assimilate acquired entities and the availability of suitable acquisition candidates. Investors are also directed to consider other risks and uncertainties discussed in other reports previously and subsequently filed by the company with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. ------------------------------------------------------------------------ Contact: Another tip from your Uncle Ernie!!!!!!!!