This morning's lineup
UFCI is FDNI, we all have twice as many shares, just hope you can all get your brokers to figure it out...
FDIR news, wonder what it means;
(PR NEWSWIRE) Fronteer Financial Holdings, Ltd. Announces Formation of a B
Fronteer Financial Holdings, Ltd. Announces Formation of a Business Venture
With Q6 Group, Ltd.
To Develop Opportunities in Transactions Processing,
Networking, and Internet-Based Services
DENVER, March 30 /PRNewswire/ -- Fronteer Financial Holdings, Ltd.
(Fronteer) (OTC Bulletin Board: FDIR) and privately held Q6 Group, Ltd.
announced today the formation of a business venture which will focus on the
development of business opportunities in technology-based virtual processing
arenas. The new initiative, named Q6 Technologies, Inc., will focus initially
on value-added transactions processing for selected e-commerce applications,
as well as the development of commercial opportunities in digital Geographic
Information Services (GIS) and in satellite Internet Protocol multicasting.
Q6 Technologies, Inc. will be headed by John J. Cusick, as Chairman and
CEO. Mr. Cusick has an extensive background in the development of successful
technology-based firms. He was the founder, chairman, and CEO of PrimeStar,
the first digital satellite television service in the world. He launched
PrimeStar from concept to its first million subscribers. The Company was
recently sold for nearly $2 billion. In addition, Mr. Cusick was a founding
director and investor in SSDS, Inc., a Colorado-based pioneer in client-server
computer networking, which was sold to United Video Satellite Group in 1995.
He has served as Director, President, and CEO of several other ventures,
including the Swedish-owned Innova International Corporation, a $250 million
revenue group of firms engaged in cellular telephony and networking services.
Fronteer Financial Holdings, Ltd. is a Denver-based holding company with
consolidated entities that include American Fronteer Financial Corporation
(AFFC), a regional securities broker/dealer headquartered in Denver with
branches in New York; Chicago; San Francisco; Atlanta; Dallas; New Orleans;
Reston, Virginia; Las Vegas; West Palm Beach; Colorado Springs; and Albany.
Fronteer also controls Secutron Corp., a computer systems and services
company, and eBankerUSA.com, Inc. (eBanker). The formation of Q6 Technologies,
Inc. represents the next step in the movement of several consolidated
subsidiaries of Fronteer to Web-based business strategies. The first step was
the formation of eBanker, an Internet-based high-yield lending operation. The
second step was the establishment of eBrokerUSA.COM, Inc. (eBroker), which
plans to establish an on-line securities brokerage business.
Q6 Group, Ltd., the other principal in the business venture, is a
privately held firm based in Princeton, N.J., which has made investments in
computing networking, satellite broadcasting, digital telephone switching and
bio-technology ventures.
The statements included in this press release concerning predictions of
economic performance and management's plan and objectives constitute forward-
looking statements made pursuant to the safe harbor provisions of Section 21E
of the Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. These statements involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements.
SOURCE Fronteer Financial Holdings, Ltd.
-0- 03/30/99
/CONTACT: Gary Cook, 303-860-1700, for Fronteer Financial Holdings, Ltd./
(FDIR)
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