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Technology Stocks : SRUN : STARUNI CORP -- Hot new ISP in California -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (5)	3/6/1999 12:03:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 47

Interesting company. The market cap of $5.5 MM values their 2,000 subscribers at about $2,750 each, which, while at the high end, is about in line with industry standards. Of course, they doubled the number of subscribers in January. If they add another 1,000 subscribers per month and increase the total to 4,000 by the end of March, complete the offering detailed below, which will add another 1.6 MM shares, their customer base will be valued at $2,338 per subscriber (assuming no change in the stock price). I don't own any SRUN yet but will certainly consider it. As you noted, this is not a short term play. Thanks for bringing it to my attention. biz.yahoo.com Thursday March 4, 1:34 pm Eastern Time Company Press Release Staruni Corp. Announces $1 Million Offering BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 4, 1999--Staruni Corp. (OTC BB:SRUN) announced that it is attempting to raise $1 million through a Rule 504 offering. Rule 504, under Regulation D of the Securities Act of 1933 is an exemption to SEC reporting requirements. The offering is effective immediately. Staruni is a Los Angeles-based Internet service provider and Web marketer. It will be offering 200,000 units at $5.00 per unit. Each unit will consist of 9 shares of common stock and 1 warrant, exercisable at $2.25 in 2 years. The company's common stock has been trading between $1.06 and $2.00 per share over the past 30 days. ''The addition of the proceeds from the offering will enable Staruni to reach its goal of 50,000 subscribers by year end,'' stated Bruce Stuart, chief executive officer. ''The funds will be used to advertise the company's $10.95 per month Internet service and to expand that service beyond Southern California.'' The company, which recently grew to more than 2,000 subscribers, stated revenues of more than $39,000 for the month of January 1999. The offering will be open to ''accredited investors'' only. Those interested should go to the company's Web page at www.staruni.com, or contact the company directly. The release herein may contain or identify forward-looking statements. These statements are based on a number of assumptions and estimates that are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions that are subject to change. ------------------------------------------------------------------------ Contact: Staruni Corp. Bruce D. Stuart, 310/358-2340, 310/358-2344 (fax) webmaster@staruni.com (e-mail) www.cyberhotline.com and www.staruni.com