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Technology Stocks : MBT International Inc. (MBTI) -- Ignore unavailable to you. Want to Upgrade?

To: Fred C. Dobbs who wrote (101)	2/16/1999 10:13:00 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 212

The news in Full: February 16, 1999 09:23 AM CASTLE ROCK, Colo.--(BUSINESS WIRE)--Feb. 16, 1999--MBT International, Inc. MBTI , parent company of AgriMall.com www.agrimall.com, HorseNet.com www.horsenet.com and LifeatHome.com www.lifeathome.com, announced today that as a result of recent acquisitions and internal growth, the Company's subscriber base has more than doubled to number over 198,000. "We now register over 4 million page views per month," stated Andy McKinnon, CEO of MBTI. "At our HorseNet.com site, where one year of Internet statistics have been compiled, 8,000 unique users visit every day, view twelve pages and revisit the site an average of four times per month. Thousands more visit our other sites. The Company maintains an aggressive cross marketing strategy to all of these users. As a result, our listings are growing over $2 million per week, which in turn will directly impact the Company's sales and earnings over the coming quarters." The American Horse Council Foundation reported in a year-long study: -- The U.S. horse industry produces goods and services valued at $25.3 billion (making it larger than the recording segment of the entertainment industry). -- 1.9 million Americans own 6.9 million horses. -- 21 percent of horse-owning families earn more than $100,000. -- 7.1 million Americans are involved in the industry as horse owners, service providers, employees and volunteers. -- The industry has a $112.1 billion impact on the U.S. economy, when supplier and employee spending are included. Mr. McKinnon commented further, "These are some of the most attractive target specific demographics on the World Wide Web, and we are proud to be the leading Internet site servicing this industry." MBTI's strategy is to acquire high content, value-added, sophisticated yet navigable websites and become a leader in the $300 billion agricultural industry. Upon completion of the previously announced BookStable.com www.bookstable.com acquisition, MBTI's database will expand to over 400,000 users. MBTI continually evaluates highly focused acquisitions that will further increase both the traffic and volume of e-commerce at its AgriMall.com site. MBTI applies technologies currently in use by online auction and marketing houses such as eBay EBAY , Amazon.com AMZN and uBid UBID . MBTI is positioning itself to file an application for listing on the NASDAQ Small Cap Market in the first half of 1999, and has engaged Arthur Anderson as auditor. Certain statements in this release are forward looking. Although MBT International, Inc. believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. For factors that may cause actual results to differ materially from expectations and underlying assumptions, see reports by MBT International filed with the Securities and Exchange Commission.