To: Whiskeyj who wrote (144 ) 1/26/1999 12:57:00 AM From: T-Lo Greens Read Replies (4) | Respond to of 767
Specs: JVWB 5444 Westheimer Suite 2080 Shares o/s: ~8.2 mil, Insiders: 6 mil, Friendly: 1.4 mil, Float: ~800k Fully reporting company trading on the OTC with 6 listed Market Makers Warrants convertible at $1.15 - $1.25 - Financing dependent on conversion of warrants - Currently most financing provided by CEO Greg Micek I visited the offices located at the Amerida Hess building on Friday, January 22 and spoke with Mr. Greg Micek. Below I have paraphrased our conversation.4 Pronged Business Model 1) Web Hosting - web hosting will provide immediate and captured clientele, as well as generate revenue stream 2) Marketing/Product development - branding for other companies (FrogLegz) or internal brands (Dad&Me) 3) Consulting - provide services to help companies market their products over the Internet. L&H has several clients lined up already 4) Joint Ventures - partnering and/or strategic alliances with companies that provide the right "fit" Mr. Micek believes JVWB is an early predecessor of USWB/CKS. He spoke of the 2 piston corporate mission. 1) Equity piston, as demonstrated by the attempt to acquire Wall Street Whispers. Did not rule out further acquisitions. Sees acquisitions as the fastest, most efficient way to grow. 2) Fee-based consulting and partnering/strategic alliances. Will provide cashflow from commissions and fees. We spoke about core competencies. Mr. Micek mentioned he had 15 years in the consulting field. Also, the CTO Kevin Dotson had experience in systems integration, web development, and project management. Mr. Micek believes the combination of consulting and IT expertise will give JVWB a comparative advantage over pure Internet plays. Also the partnerships with L&H and GTE gives JVWB quick access to needed clients and services. Mr. Micek is currently in London this week working out details with L&H.My Thoughts While I do not know enough about Mr. Micek's background, my first impression is that he's an outstanding person. JVWB is an early developmental stage company, not an investment for those with low risk tolerance. I am monitoring the activity of the stock price and volume to determine an entry point. I believe an entry point in the low .50's is justifiable at this point in time. All statements expressed above are solely IMHO and do not constitute a recommendation to purchase or sell the stock. I am not affiliated in any way with JVWB or its employees. Best of luck to everyone, Tony