QNET day high 19, low 6, now @ 7. Vol 188k.
Quest Net Corp. Announces Investment Opinion
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 30, 1998--Internet service provider Quest Net Corp.'s (OTC BB:QNET) stock rose again today by 53.10% marking a second straight day of advances despite a day in which most Internet related stocks lost ground.
After yesterday's gain of 26.6%, Quests' press release of its acquisition of Grupo Internet Latinoamericano S.A. fueled the second straight day of positive active trading. The company will continue to pursue other acquisition candidates to fulfill its expansion
design.
While the price of Quest Net Corp.'s stock has risen, the stock of most Internet companies fell yesterday. GNET go2net, Inc. -1 5/8 -4.17% , YHOO Yahoo! Inc. -5 1/2 -2.00%, EBAY eBay Inc. -11 11/16 -4.09%, AOL America Online, Inc. -2 5/8 -1.67%, EGGS Egghead.com, Inc. -5/16 -1.23%, AMZN Amazon.com, Inc. -19 5/8 -5.58%, SEEK Infoseek
Corporation -1 3/8 -2.46%, LCOS Lycos, Inc. -4 3/8 -7.09%, MSFT Microsoft Corporation -1 7/8 -1.32%, XCIT Excite, Inc. -1 3/4 -3.47%, PSIX PSINet Inc. -1 1/2 -6.37%, VRIO Verio Inc. -1 -3.65%, GCTY GeoCities -5/8 -1.64%, NSCP Netscape Communications Corporation -1
7/8 -2.75%, NSOL Network Solutions, Inc. -4 1/2 -3.24%, IDTC IDT Corporation -7/16 -2.72%, EXDS Exodus Communications, Inc. -3/4 -1.19%, WAVO WavePhore, Inc. -5/16 -3.47%, INKT Inktomi Corporation -10 3/8 -7.55%, COOL Cyberian Outpost, Inc. -3/4 -2.29%, ELNK
EarthLink Network, Inc. -2 1/4 -3.24%.
Based in Fort Lauderdale, Fla., Quest Net (OTC BB:QNET) operates its own OC-12 (622Mbps) fiber optic self-healing SMARTRing backbone running from Key West to Sebastian, Fla. Quest Net is a provider of secure, full-service global Internet and Intranet broadband digital networking solutions for businesses and individuals. It also has its
own Frame Relay 45Mbps connection into the Internet Cloud. Quest Net is one of the largest regional Internet Service Providers with Dialup POPs (point-of-presence) in 228 cities and over 2,000 clients, mostly small businesses. It also offers dedicated high-speed Internet access, metropolitan and wide area network data transport services,
including virtual private networks, to several commercial clients and other ISP's, and Wireless Internet Connection at a speed of up to 3 Mbps to a distance of 8 miles on a license free spectrum. Quest Net offers one of the fastest and cleanest routing systems for the transfer and delivery of voice, video and data streams at speeds ranging from 64 Kbps to 155 Mbps (OC-3), as well as frame relay connections at speeds up to 45 Mbps.
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CONTACT: Quest Net Corp., Fort Lauderdale
Camilo Pereira, 954/567-1008
Email: Info@ipquest.com
05:01 EST DECEMBER 30, 1998 |
