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

To: SteelerStu who wrote (1643)	2/1/1999 11:04:00 AM
From: P.E. Allen	Respond to of 52051

Related Quotes CGCOC 0 +0 delayed 20 mins - disclaimer Monday February 1, 9:06 am Eastern Time Company Press Release Commerce Group Corp. Provides Information To Nasdaq And Continues To Trade On The Boston Stock Exchange Under The Symbol CMG MILWAUKEE--(BUSINESS WIRE)--Feb. 1, 1999--Commerce Group Corp. (Nasdaq: CGCOC - news) and (BSE: CMG), announced today that the company is providing information concerning its planned Web portal requested by Nasdaq in order to resume trading. The following items were requested by Nasdaq: 1. Please provide a chronology and discussion of events leading to the company's decision to develop a Web portal. Describe in detail the status of the company's Web portal plans. Including the timing of when the Web portal is anticipated to become operational. Provide a copy of the draft business plan pertaining to the establishment of the Web portal. 2. Explain how the company will fund the development of the Web portal. 3. Describe how the company will set up the Web portal. Include a discussion of the equipment, facilities and technology which the company has developed or plans to acquire in order to implement the Web portal. Provide a list of the personnel who will develop and market the Web portal. 4. Describe specifically what information, links or services the Web portal will provide and to whom the company expects to offer the Portal. Estimate the size of the company's expected customer base. 5. Discuss the current status of any agreements or discussions with other companies or advertisers with respect to the Web Portal. Provide copies of any agreements related to the Web portal. 6. Explain the company's plan for establishing revenue from Web portal. Include in your discussion the customer which the company anticipates the Web portal will serve. There has been no additional information requested by the Boston Stock Exchange and Commerce Group continues to trade on the BSE under the symbol CMG. Statements in this release are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company, and dependence on the performance of the management of the company. -------------------------------------------------------------------------------- Contact: Commerce Group Corp., Milwaukee 414/462-5310 CYA