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To: Mr.Manners who wrote (529)	1/15/1999 10:15:00 AM
From: Oak Park Trader	Read Replies (1) \| Respond to of 2231

News on NBC/GE Buyout of TSCN NBC and GE Capital Purchase 9.9% of Outstanding Stock of Telescan; Telescan in Negotiations with NBC to License Telescan Technology and Content PR Newswire - January 15, 1999 07:53 HOUSTON, Jan. 15 /PRNewswire/ -- Telescan (Nasdaq: TSCN) announced today that General Electric's (NYSE: GE) NBC unit, in conjunction with its affiliate, GE Capital's Equity Capital Group, have jointly purchased a private placement of 1,220,237 shares of newly issued Telescan common stock, representing 9.9% of the outstanding shares in the Company. Telescan said that NBC and GE Capital purchased the stock at $7.70 per share. The resale of the stock is restricted under Rule 144, subject to delayed registration rights on one-half of the shares. Separately, Telescan said that it is in negotiations with NBC to license Telescan's technology and portions of its content, as well as to provide hosting services. David Brown, Telescan's Chairman and Chief Executive Officer, said, "NBC's and GE Capital's investment in Telescan and the strategic opportunities this transaction presents, are major steps in the growth of Telescan as technology evolves integrating computers, the Internet and television. The fact that NBC and GE Capital have chosen this strong relationship with Telescan is an affirmation of our superior Internet technology and the broad-based information and analytics that we provide to investors." Tom Rogers, President NBC Cable and Executive Vice President, NBC, said: "NBC is pleased to take an equity stake in Telescan, a leading-edge Internet technology solutions and content company that has a tremendous upside for growth." Telescan, based in Houston, is an industry leader in providing innovative solutions for online technology, data retrieval and Internet services. The company develops and operates major online networks and Internet sites serving the financial, publishing, entertainment and technology-transfer industries. Telescan provides individual investors with the most comprehensive suite of search tools, technical analysis and financial data on the Internet, through its own Wall Street City(R) (http://www.wallstreetcity.com) investor site and customized private label Web sites it develops and operates for major companies. Wall Street City page impressions increased in the last month by 25% to more than 15 million per month.