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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: MoneyMade who wrote (2434)	1/6/1999 10:22:00 PM
From: P.S.N.	Read Replies (1) \| Respond to of 15987

SSOI..........Anybody been watching this one, this article looks interesting:Smartserv Online, MEK Securities To Launch Next-Generation Online Bond Trading Network STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 6, 1999--SmartServ Online, Inc. (OTC-BB:SSOL - news), a leading developer of Internet-based applications serving the wireline and wireless industries, and MEK Securities, a registered securities firm, today agreed to the joint development and operation of the Bond Trading Network (''BondTN''), a next-generation Internet-based bond trading system. SmartServ Online and MEK have signed a Letter of Intent allowing the companies to design a completely electronic bond marketplace. The companies' combined efforts will result in a radically new trading environment - one that will bring a powerful advantage to the individual investor, for the first time, online. ''SmartServ and MEK view this joint effort as a timely opportunity to bring critical information and online trading to the individual bond investor,'' said Sam Cassetta, SmartServ Online's Chairman and CEO. ''The Bond Market Association currently estimates that overall daily bond trading exceeds $368 billion. With that kind of volume, we see a truly exciting bond trading market being opened even further by electronic trading.'' MEK has obtained the necessary regulatory approvals to run a completely electronic trading system that will be powered by SmartServ Online technology. With these approvals now in place, BondTN will implement a trading network that will operate 24 hours a day, seven days a week, with virtually no geographical boundaries. ''By working with SmartServ, we are now one step closer to giving individual investors the same market clout as institutional investors,'' said Miral Kim-E, President and Founder of MEK Securities. ''When you bring together two companies - one that provides the timely information from which critical decisions are made, the other that enables the desired transaction - the result is quite powerful.'' About SmartServ Online Launched in 1993, SmartServ Online offers a wide range of Internet-based information and transactional applications designed to deliver value-added services to strategic marketing partners. Recognizing the growth of devices capable of accessing Internet-based information, SmartServ is unique in that it formats and delivers the same information to personal computers (PCs), handheld PCs, wireless handsets, pagers, screen-phones, and interactive voice response systems. Using proprietary software, SmartServ transports applications over landline, Internet and wireless networks. SmartServ's customizable categories of information include: personal watch lists, real-time tick-by-tick quotes, charting, company and financial news, research and analysis reports, stock trading reports, filtered electronic mail, national and local news, sports scores and odds, weather reports, route-specific traffic reports, lottery and Powerball results, horoscopes, and entertainment and local information, such as movie listings. About MEK Securities Founded in 1996, MEK Securities LLC is a private, Internet start-up and a registered securities broker dealer. It was the first broker-dealer to gain NASD approval to communicate completely electronically with its customers, including the acceptance of digital signatures and consents (''sigNETures'') on required documents. MEK is registered as a securities broker-dealer with the SEC, NASD, and in 49 states. They are also members of NASD, MSRB and SIPC. MEK is based in Stamford, CT. -------------------------------------------------------------------------------- Contact: Edelman PR Worldwide, New York David C. Eldredge 212-704-8133 david_eldredge@edelman.com or Sam Cassetta SmartServ Online, Inc. 203-353-5950 sam@smartserv.com

To: MoneyMade who wrote (2434)	1/7/1999 1:16:00 AM
From: CIMA	Read Replies (2) \| Respond to of 15987

SEC approves stricter OTC requirements WASHINGTON - Federal regulators have approved a sweeping proposal by the dealers' group that runs the Nasdaq Stock Market to tighten disclosure requirements for companies seeking special over-the-counter (OTC) listings of their stocks. The change could result in the removal of thousands of small and speculative stocks from the listings. The Securities and Exchange Commission on Monday approved the proposal made a year ago by the National Association of Securities Dealers to strip from the OTC Bulletin Board - an electronic market of about 6,800 securities - stocks of any companies that don't file financial disclosure statements with the SEC or banking or insurance regulators. About half the stocks listed on the Bulletin Board do not submit such reports, according to the NASD, which announced the SEC's approval on Wednesday. The move by Nasdaq's parent organization is aimed at distancing the nation's second-largest stock market from cheap, high-risk stocks, sometimes called ''penny stocks,''that are thinly traded and loosely regulated and have had problems with fraud. Nasdaq runs the Bulletin Board, but its stocks are not actually listed on the Nasdaq market because they don't meet Nasdaq listing standards or don't file disclosure statements with the SEC. The Bulletin Board stocks often are linked with Nasdaq's name, however. The new filing requirement for companies will protect investors in Bulletin Board stocks by giving them access to companies' financial information, the NASD said. ''Thorough and accurate information is the foundation of sound investment decisions,'' Frank Zarb, NASD's chairman and chief executive officer, said in a statement. He called the move ''a major step toward improving the quality'' of the market for small-company stocks. The new requirement also means that the companies will be subject to closer oversight by the SEC and other watchdog agencies. The filing requirement will be phased in over a 12-monthperiod beginning in July and continuing through June 2000. SEC spokesman John Heine declined comment on the matter. The stocks to be dropped under the proposal also include many special shares of foreign companies. As of April 1998, foreign securities had to be fully registered with the SEC to remain listed on the Bulletin Board. Market analysts have said the stocks that are removed could still be listed on the so-called Pink Sheets, a less automated system not affiliated with Nasdaq - but they would be more difficult to trade. By The Associated Press