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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: tonyt who wrote (34687)	1/14/1999 12:08:00 AM
From: Victor Lazlo	Respond to of 164684

-- Off Topic -- For those who may be interested in small-cap internet stocks, this could be a dandy: Sedmet Exploration, symbol SDMT, is a shell co. IBN, International Net Broadcasting, is going to reverse merge with SDMT. IBN runs internet content web sites. Present market cap, based on 8.5 million shares X $2 5/8 closing price today = $22.5 million. I am told that most of the shares will actually be held by insiders, with some of this restricted for one year. IBN's Entertainment Boulevard web site has big name advertisers, link to AMZN, etc. Vidnet offers music videos for viewing, and is highly-rated in the industry for technical quality. Screen clips offers movie clips. Pro Sports Net is a sports site they are currently developing. See their web sites at: vidnetusa.com entertainmentblvd.com screenclips.com prosportsnet.com Merger to be executed possibly this Fri., but the way these things go, a delay(s) would not surprise me. The sites got more than 10 million hits in November. Expectations for Dec. were for well over 20 million hits. From March to October, unique visits popped from 50,000 to 500,000. I believe this stock will move quickly once the merger is executed, and they start to issue news releases. Disclosure: I own some, and am nibbling to get more, so you know my bias. Victor