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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: eims2000 who wrote (20747)	3/15/1999 4:15:00 PM
From: Sword	Respond to of 122088

NVDC: Copied from Auric's post: NAVIDEC ANNOUNCES WARRANT CALL 2/16/99 8:30 DENVER, Feb. 16 /PRNewswire/ -- Navidec Inc. (Nasdaq: NVDC), a provider of Internet-based auto buying and business solutions, today announced that on February 12, 1999, it mailed notice of a call regarding its 2,043,000 Redeemable Common Stock Purchase Warrants (Nasdaq: NVDCW). Under the terms of the Warrants, Navidec can call the Warrants when its Common stock's closing price equals or exceeds $8.40 per share for 20 consecutive days. Each Warrant can be exchanged for one common share at a price of $7.20 per share. Navidec met these call-terms at the close of trading on February 5, 1999. Warrant holders have Until March 15, 1999, to exercise their Warrants. If all outstanding Warrants are exercised, the Warrant call will generate approximately $14.7 million to the Company, and will increase outstanding common shares from approximately 5 million to 7 million. Ralph Armijo, CEO and president of Navidec, said, "As a leading provider of Internet solutions for Fortune 1000 companies and the automotive market, Navidec has significantly increased its shareholder value in this explosive marketplace. This increase allows us to call the Warrants and continue to fund our aggressive growth plans in E-commerce web-based enterprise solutions and online car buying." Navidec Inc., based in Englewood, Colorado, is a leading national provider of products and solutions that use web-based technologies to achieve its customers' business objectives. From commercial web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. Navidec's premier vertical market focus is on the automotive industry with its USWheels.com, CarWizard.com and LeaseSource.com automotive web sites. Navidec partners with Bank One and regional media outlets to produce USWheels.com web sites in markets nationwide. The Company's web site address is www.navidec.com. All statements in this press release other than historical facts are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions, demand for automobiles, competition from other automotive online services, market acceptance of the USWheels.com solutions, the ability of Navidec to reach agreements with local media partners and other risk factors indicated from time to time in Navidec's filings with the Securities and Exchange Commission. Those filings are available online at www.freeedgar.com SOURCE Navidec Inc. -0- 02/16/99 /CONTACT: Media: Andrea Pearson or Andy Mountain, of Navidec Inc., 800-797-7565; or Broker Contact: Len Turano of TKO International, 303-850-7896/ /Web site: freeedgar.com /Web site: navidec.com (NVDC) CO: Navidec Inc.