To: TokyoMex who wrote (48359 ) 1/27/1999 11:36:00 PM From: TsioKawe Respond to of 119973
Interactive Business Channel Announces Investment Opinion on Internet Stock Spin-Offs IRVINE, Calif.--(BUSINESS WIRE)--Jan. 27, 1999--The Interactive Business Channel, ibchannel.com , Wednesday released its report on top Internet stocks Spin-Offs to watch this quarter. By establishing and valuing Internet subsidiaries as separate entities, companies are unlocking tremendous value for shareholders. This year's most exciting Spin-Offs include Executone (Nasdaq:XTON - news), Compaq (NYSE:CPQ - news), Ziff-Davis (NYSE:ZD - news), and DLJ. A free subscription to The Interactive Business Channel Stock Line Newsletter is available by visiting ibchannel.com . Executone (Nasdaq:XTON - news) preferred shareholders recently unanimously approved proposed eLottery spin-off, thereby eliminating the need for a proxy solicitation and special shareholder meeting. This unanimous approval is expected to accelerate the spin-off process by approximately thirty to forty-five days. eLottery provides systems, applications and services to facilitate the electronic sale of new and existing lottery products worldwide via Internet, Intranet and telephone networks. The company believes that the electronic distribution of lottery tickets through these systems will increase sales for lotteries because they make the purchase of tickets more easily accessible and because they make use of technology to enhance and enliven the lottery gaming experience. With its unique ability to offer lotteries its new Internet and Intranet based lottery products worldwide, the company believes it is well positioned to capitalize on the growth in non-traditional lottery sales. Executone is on the World Wide Web at executone.com