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Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: rodney beasley who wrote (674)	3/30/1999 4:51:00 PM
From: RIB	Respond to of 781

I can't say if this company is solid or not, but today I discovered there are at least 20 members, including 2 assistant golf pros, now in IMOT here at the country club I work at in St. Petersburg, FL. We also have several brokers as members so there is adequate available due diligence here. It probably doesn't account for more than 50,000 shares, but this is just one small club. Again I have to wonder if the proximity to Orlando, IMOT's birth place, doesn't mean something. R.I.Brown

To: rodney beasley who wrote (674)	3/30/1999 4:52:00 PM
From: Y-fall	Respond to of 781

Read This! Revenues From Chinese E-commerce Expected to Explode New York-based Asia Media Communications Leads Market -- Announces 100% Quarterly Growth NEW YORK--(BUSINESS WIRE)--March 25, 1999-- China may well represent the largest growth potential for major e-commerce companies such as Asia Media Communications (OTC BB:ASMCD - news). The number of Chinese Internet users is skyrocketing, estimated to grow from 2 million in 1999 to as many as 10 million next year (MIT's Nicholas Negroponte, Forbes 3/8/99). International Data Corp. predicts that the worldwide Internet set-top box market is also expanding rapidly, especially in Asia where people may not be able to buy a computer but can afford a set-top box for their TV. In addition, China has recently become increasingly liberal towards e-commerce initiatives, thus supporting this potential hypergrowth. Today, Asia Media Communications Ltd.'s MyWeb business unit (OTC BB:ASMCD - news) announced that the e-commerce volume in its MyWeb Online Service Web portal has grown by more than 100% this quarter. For example, the recently launched site with Unilever (NYSE:UL - news) has generated almost $500,000 worth of sales in its third month of operations alone. MyWeb expects this trend to continue due to its emphasis on competitive prices. With a very modest 30% quarterly growth projection, MyWeb will easily reach the $1 million per month level from consumer goods alone in 1999. Most of MyWeb's e-commerce revenues come from transaction-based commission from its merchants. MyWeb has attracted many major online advertisers as well, including United Pictures, Hewlett-Packard (NYSE:HWP - news) and Clinique. ''Increased Internet usage, the explosion of the Asian set-top market, liberal attitudes towards e-commerce and rapid growth in the number of our licensees -- local ISPs (Internet Service Providers) -- will all feed off of each other and fuel our exponential growth,'' explains T.S. Wong, CEO of New York-based Asia Media. ''The opportunities for e-commerce in the emerging markets arise from the inefficiencies in the traditional distribution system. E-commerce will bring products to consumers at a discount compared to traditional stores. This will be the main drive to the expected explosive growth,'' continues Wong. When Beijing Book Centre Online -- China's version of Amazon.com (Nasdaq:AMZN - news) or Barnesandnoble.com (NYSE:BKS - news) -- opened its virtual doors two weeks ago, Lin Wenyi, vice mayor of Beijing, declared the event as the launch of a project which will turn Beijing into an e-commerce capital. According to China Daily, the president and CEO of Compaq (NYSE:CPQ - news), Eckhard Pfeiffer, stated that he was impressed by government support for developing e-commerce in Beijing. While the majority of MyWeb's e-commerce volume comes from other Asian countries, China represents its most significant growth potential. Within the next three months, MyWeb will also launch its own e-commerce focused online service localized for the Chinese market. There is a strong underlying demand for Chinese e-commerce sites. Last year, China Economic Times reported that 45.5% of Chinese users complained there was not enough Chinese-language material on the Internet. Unlike in the U.S., Chinese Internet surfers often represent the richest percent of the population, and may thus have significant purchasing power. ''The core of Internet users has shifted lately from academics to urban professionals and businesspeople. Even if 10 million Chinese surfers hit the Web next year, it still represents less than 1% of China's population. But they will probably be the richest citizens,'' states Mr. Wong. MyWeb produces a set-top box system similar to Microsoft's (Nasdaq:MSFT - news) WebTV, that allows customers to use their television set to connect to the Internet. MyWeb is clearly positioned as the market leader in many Southeast Asian markets. Its strongest markets include Hong Kong, Singapore and China, as well as Malaysia, where it has practically a 100% market share. MyWeb has a Web portal, MyWeb Online Service, in every market where it operates. The portal's e-commerce functionality resembles that of iMall (Nasdaq:IMAL - news), Yahoo's shopping section (Nasdaq:YHOO - news) and SkyMall (Nasdaq:SKYM - news). MyWeb's online service has approximately 1.5 million unique visitors per month. This is more than the fastest-growing e-commerce site, Macys.com (NYSE:FD - news), Internet auction site, Ubid.com (Nasdaq:UBID - news) or automobile portal, Autoweb.com (Nasdaq:AWEB - news), received in December. That number is almost one third of the number of hits that MSNBC -- Microsoft's joint venture with NBC (NYSE:GE - news) -- received in January. MyWeb has a base of 15,000 set-top boxes in the Asian market, and expects over 100,000 more to be sold this year. That would be more than twice the amount that WebTV had in the market when it was purchased by Microsoft in 1997 for $425 million. Yesterday, ASMCD (MyWeb) had a market cap of only $143 million.

To: rodney beasley who wrote (674)	4/3/1999 10:35:00 PM
From: Ravi Nathan	Respond to of 781

I agree. See the link below to get an idea on the actual scope of the Y2K work IMOT/Eagan is talking about. Even the large US corporations that went after the Chinese market, hypnotized by the market size, have not delivered to shareholders on their generous investment in China. Small investors should be wary of any wild potential business claims by paid PR agencies. I hold no position in IMOT. Longs be wary, and emphasis DD. chinaonline.com Ravi