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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (9902)	3/3/1999 12:41:00 PM
From: Colin Thorpe	Respond to of 27722

Thanks so much for the tip: Here is another news article via my newly learned skilled: (REUTERS) NetRadio Corp. files for $37 million IPO with SEC NetRadio Corp. files for $37 million IPO with SEC WASHINGTON, March 3 (Reuters) - NetRadio Corp., an online broadcaster of more than 120 channels of music, news, sports and entertainment, filed Wednesday with the Securities and Exchange Commission for an initial public offering of $37 million in common stock. The Minneapolis-based company did not disclose the total number of shares in the offering nor provide an anticipated price per share range in its preliminary IPO document. It has applied to trade the stock on Nasdaq under the symbol <NETR.O>. The IPO is underwritten by Everen Securities. Net proceeds will be used for working capital and other general corporate purposes, including advertising and capital expenditures, the company said. NetRadio has recorded a net loss for each year since its inception in 1995, posting an accumulated deficit of about $5.9 million from March 21, 1997 to Dec. 31, 1998, the filing said. And it expects to continue to incur losses for the forseeable future as the company increases its operating expenses to expand its business, the filing added. The company is a majority-owned unit of Navarre Corp. <NAVR.O>, the Internet e-commerce company. Navarre is up $1 to $16.25 on Nasdaq. ((Peter Ramjug, 202-898-8399)) REUTERS * end of story *