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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Watcher who wrote (368)1/21/1999 5:05:00 PM
From: Taki  Read Replies (1) | Respond to of 52051
 
The General Store Announces Financing

PR Newswire - January 21, 1999 16:53

SEATTLE, Jan. 21 /PRNewswire/ -- Mr. Glen Easthope CEO of The General Store International Corp. (OTC Bulletin Board: GSIC) is pleased to announced today that it has completed its 504 offering to raise seven hundred thousand dollars ($700,000).

The proceeds of this offering will be used to further expand the companies national and international operations, as well as technology product development known as CARAT. This is the company's proprietary convergence technology combining home entertainment and on-line shopping.

The proceeds will also be used to pursue business opportunities such as the sales and licensing of national and international Master Franchises, subject to the approval of the General Store's Uniform Franchise Offering Circular (UFOC). This application is currently in process.

Mr. Easthope expects that revenue generated from franchise sales in both Seattle and Vancouver will be significant enough to further expand into a number of additional cities in 1999.

There have been changes to the reporting requirements of the NASD OTC - BB companies as of January 1, 1999 as announced by the SEC. The company is currently preparing to make filings pursuant to Sections 13 and 15 (d) of the Securities Act. This will ensure that the company is in compliance with the new reporting requirements.

The General Store is a home shopping delivery service that incorporates the same technologies of E-commerce and on-line shopping that have made other E-tailers so successful like EBAY and Amazon.com. The General Store has gone a step beyond the typical Internet based concept by developing Convergence Hardware that appeals to individuals looking for an Internet alternative yet it remains as simple as placing a phone call for the "technologically challenged."

The statements made in this News Release may contain certain forward looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

SOURCE The General Store International Corp.

/CONTACT: Kyle Werier, Investor Relations of General Store International
Corp., 888-252-8288/

/Web site: genstore.com

(GSIC)



To: Stock Watcher who wrote (368)1/21/1999 5:15:00 PM
From: FJ  Read Replies (3) | Respond to of 52051
 
XYBR News: Wearable Computers Cited by Gartner Group as One of 10 Technologies to Watch in 1999 and Beyond

FAIRFAX, Va. Jan. 21 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR), the leader in wearable computing, announced today that the Gartner Group, Inc., the world's leading authority on IT, in its annual special report from Business Technology Journal, included wearable computers as one of the 10 technologies to watch in 1999 and beyond.

This research report, written for business executives, recommends how to evaluate the adoption of new technologies and states that "These technologies go beyond changing the way companies run internally, they are changing markets, products, business relationships and personal lives."

Edward G. Newman, Chairman and Chief Executive Officer of Xybernaut Corporation, stated: "The report by Gartner Group, one of the world's most esteemed research organizations, is most gratifying to Xybernaut(R), the world leader in wearable computers. It is an affirmation of what Xybernaut believes in very strongly -- that wearable computers will become mainstream in business applications and ultimately for the general consumer market. Xybernaut's firm belief in this is backed by its own impressive researchers and scientific advisors out of such prestigious organizations as Xerox, Sony, IBM, GE Capital-Spacenet Division, the Defense Department, and others."

The Gartner Group report, released on January 20, states: "Wearable Computers - A belt-mounted computer with a wrist-worn keyboard or a micro phone to input voice commands, and a head-mounted display that covers one eye. Wearable computers will be monitored closely by the manufacturing industry in the next two years, according to Gartner Group forecasts, and then find utility in a number of other industries thereafter."

"The references made by the Gartner Group in its description of wearable computers actually describe the physical attributes of the Xybernaut system which are covered by an extensive patent and intellectual property portfolio which we possess," said Mr. Newman. Mr. Newman noted that Speech Recognition, a major aspect of Xybernaut's wearable computer system, is also included in the Gartner Group's report of 10 Technologies to Watch.

Xybernaut's new patented MA IV(TM) wearable computer is a voice-activated wearable PC that allows the user to move hands-free while doing his or her job. It consists of a belt-worn computer, a color VGA head-mounted display or flat panel VGA color digitizing display, a one pound long-lasting, hot swappable battery pack, and integrated voice recognition software. The MA IV allows hands-free access to computer information for application in many industries, including discrete and process manufacturing for inspection, maintenance, inventory management and data collection applications, aircraft and heavy equipment maintenance, insurance claim adjustments, and telecommunications.

The MA IV wearable PC became available for the first time through the end-user channel in December 1998. The MA IV includes up to a 233 MHz Intel Pentium MMX processor, up to a 128MB of RAM, and up to a 4.3 GB hard drive, a hot swappable battery, integrated speech recognition software, two PCMCIA Cardbus card slots, a full set of standard ports through its XyberPort(TM), and a built-in mouse. The body-worn computer measures 7.5" x 4.6" x 2.5" and weights just under two pounds.

Xybernaut Corporation is a leader in providing hardware, software and service solutions to the wearable computing industry. The Company's patented wearable computer systems feature speech-activation, flat panel and head-mounted displays that allow users hands-free access to information in the computer's internal storage, in local area networks, and on the Internet on an as-needed, where-needed basis. Xybernaut's software is designed to provide users with the right information needed for the task at hand using consistent navigation techniques and screen presentations. Xybernaut's customers include leading corporations and government agencies for many mobile knowledge delivery system applications, including maintenance and repair, inspection, inventory control, manufacturing and data collection.

Visit Xybernaut's Web Site at xybernaut.com

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "expect", or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of, production of the next generations of the Mobile Assistant, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.

SOURCE Xybernaut Corporation

CO: Xybernaut Corporation; Gartner Group, Inc.

ST: Virginia

IN: CPR

SU:

01/21/99 16:26 EST prnewswire.com



To: Stock Watcher who wrote (368)1/21/1999 5:16:00 PM
From: Norm Demers  Read Replies (2) | Respond to of 52051
 
Posting on yahoo board states that a 95000 block was bought @ 12 11/16 after hours. Also BVSN getting good press on CNBC, funds buying infrastructure internet companies.