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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (45116)	1/20/1999 1:13:00 PM
From: Master Trader	Read Replies (1) \| Respond to of 119973

NVDC backing up IPO speculation with this release. Not mentioned but always a possibility. Navidec Announces Investment Banking Agreement with Van Kasper & Company January 20, 1999 12:42 PM DENVER, Jan. 20 /PRNewswire/ -- Navidec Inc. NVDC , a provider of Internet-based auto buying and business solutions, announced today it has entered into an investment banking agreement with Van Kasper & Company, a San Francisco-based investment banking and brokerage firm. Van Kasper will act as an agent to Navidec in funding the company's aggressive growth plan. Van Kasper raised $416 million through public offerings of equity and debt in 1998, with an average deal size of $37 million. Since 1991, Van Kasper raised over $1 billion for its clients in public markets. Ralph Armijo, CEO and president of Navidec said, "As the Internet continues to explode, Navidec expects to continue its accelerated growth. Working with an investment banking firm of Van Kasper's caliber will help us reach the next level and provide increased visibility for Navidec and its Internet and E-commerce solutions." Under the terms of the agreement, Navidec has agreed to engage Van Kasper & Company as the company's exclusive financial advisor. Van Kasper & Company, founded in 1978, is an investment banking, private client and institutional brokerage firm with offices in San Francisco, Los Angeles, San Jose, Fresno, Walnut Creek, Sacramento, San Diego and Newport Beach, California, and Phoenix, Arizona. The company provides investment research and is ranked among the top West Coast firms in terms of number of transactions and total dollars raised in public offerings of common stock, convertible securities and fixed-income instruments. Through its investment management subsidiary Van Kasper Advisors, the company manages more than $500 million for corporations, retirement plans, trusts, fiduciaries, financial institutions and individuals. Van Kasper & Company also places securities privately, advises clients on merger and acquisition transactions, and performs valuation services. Navidec Inc., based in Englewood, Colorado, is a leading national provider of products and solutions that use web-based technologies to achieve its customers' business objectives. From commercial web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. Navidec's premier vertical market focus is on the automotive industry with its USWheels.com, CarWizard.com and LeaseSource.com web sites. Navidec partners with Bank One and regional media outlets to produce USWheels.com web sites in markets nationwide. The company's web site address is www.navidec.com. All statements in this press release, other than historical facts, are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions, demand for automobiles, competition from other automotive online services, market acceptance of the Wheels solutions, the ability of Navidec to reach agreements with local media partners and other risk factors indicated from time to time in Navidec's filings with the Securities and Exchange Commission. Those filings are available online at www.sec.gov. SOURCE Navidec Inc.