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Microcap & Penny Stocks : Quest Net Corp. (OTCBB: QNET) -- Ignore unavailable to you. Want to Upgrade?

To: df who wrote (40)	1/4/1999 5:17:00 PM
From: CJacks	Read Replies (1) \| Respond to of 213

Monday January 4, 11:49 am Eastern Time Company Press Release Quest Net Corp. Announces Hiring of Paul Zeller and Intends on Filing Full Nasdaq Registration FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 4, 1999--Internet service provider Quest Net Corp. (OTC BB:QNET - news) has announced the hiring of Paul Zeller to advise and prepare the necessary documents for a full registration with Nasdaq and locate qualified underwriting firms for a secondary IPO of the Company. Paul Zeller, formally Vice-President of W.R. Grace & Co. in New York and Assistant to the Executive Vice-President at Ryder Systems has over two decades of experience in senior management and has successfully advised several public companies on IPO's and equity offering on the various stock markets. Quest Net Corp. intends to file a memorandum of registration with Nasdaq as soon as it is feasible. Based in Fort Lauderdale, Fla., Quest Net (OTC BB:QNET - news) 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. This press release may contain forward-looking statements made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties. -------------------------------------------------------------------------------- Contact: Quest Net Corp., Fort Lauderdale Robert Leff, 954/567-1008 Email: Info@ipquest.com or Zelco Enterprises, Inc., Boca Raton Paul Zeller. 561/218-0697 Email: zelcolll@aol.com --------------------------------------------------------------------------------

To: df who wrote (40)	1/4/1999 6:44:00 PM
From: Thomas Guenther	Read Replies (1) \| Respond to of 213

Another angle on this story, this one from Yahoo, but it still seems too good to be true - Tom >Quest Net sets one time stock dividend > >FORT LAUDERDALE, Fla., Jan 4 (Reuters) - Internet service provider >Quest Net Corp. (OTC BB:QNET - news) said Monday it will issue a >stock dividend to its shareholders of three shares for every one held. > >The dividend pay date has not been set, but a company spokesman told >Reuters the shares should be distributed three or four days after the >Jan. 6 record date. > >The company said the stock distribution was approved by the board as >a way to thank shareholders after a profitable second half of the year. > >Quest Net shares were at 9-1/4 in Monday afternoon trade, down 7/8 >from Thursday. The 52 week high was 52-1/2 and the low was 1-1/2.