To: Redhook who wrote (11424 ) 3/25/1999 4:07:00 PM From: AlienTech Respond to of 43080
Definetely the age difference is showing.. StreetAdvisor.com's 19 Year-Old Founder Celebrates 1,000,000th Hit! FORT WORTH, Texas--(BUSINESS WIRE)--March 24, 1999-- StreetAdvisor.com (http://www.StreetAdvisor.com), an investment site offering analysis and insight into technology and Internet stocks, is proud to announce its one millionth hit. The StreetAdvisor strives to fill a void in the burgeoning online investing arena. "Twenty years ago most investors used full-service brokers, receiving professional analysis," says founder Kevin Prigel, a 19 year-old senior finance and accounting major at Texas Christian University. Five million investors have moved accounts online, leaving behind that professional guidance. Prigel adds, "that does not mean that professional stock analysis is no longer needed or desired, it simply is too expensive in a day of $8 trades." That is where StreetAdvisor.com has stepped in, providing analysis of America Online (NYSE: AOL), Intel (Nasdaq:INTC), Amazon.com (Nasdaq:AMZN), Cisco (Nasdaq:CSCO), AtHome (Nasdaq: ATHM), Excite (Nasdaq:XCIT), Broadcast.com (Nasdaq:BCST), E Trade (Nasdaq:EGRP), Oracle (Nasdaq:ORCL), Network Associates (Nasdaq: NETA), and more. Prigel says the best recent report was a buy issued for eBay (Nasdaq:EBAY) on October 6, "back when it was in the low teens adjusting for the split." StreetAdvisor has a model portfolio based on recommendations posted on the site. "We've tried to offset some of the risks, avoiding large positions in single stocks and leverage. Even with that risk aversion the model portfolio has returned 85% since January 1." After receiving recognition from TheStreet.com, CBS Marketwatch, Yahoo, The Motley Fool, and an interview with Business Week, Kevin says "it's time to take this to the next level." Over the next quarter he aspires to complete a round of financing that will allow StreetAdvisor.com to expand coverage of stocks to the health care, finance, communications, and consumer sectors. With over 5,000 registered users, and countless others that visit StreetAdvisor without registering, the market seems to be crying for more of this perceptive stock analysis. "Online investors are looking for the insightful analysis that institutional investors receive every day," says Prigel, "by positioning StreetAdvisor.com to fill this void we can help the individual investor fully reap the benefits of investing in stocks without forcing them to spend hours digging through financials and SEC filings for gritty details." CONTACT: Kadep Technologies Kevin Prigel, 817/797-3072 kprigel@StreetAdvisor.com streetadvisor.com 08:47 EST MARCH 24, 1999