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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Steven Finkel who wrote (5286)	4/9/1999 1:21:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

EAST: I don't think this news anyone had hoped for on EAST. Says they are just STARTING their website work. . . I thought they were opening. . .long way off yet. . .could still come back and give us a better entry point and some time to take a proper position, based on what we think will happen. I see them more as capitalizing on the current trend than becoming a major player and releasing big news. Now they are one of the bigger companies and this news will go to brokers first, so it could stay here. But I think shorts are reluctant to give up here and we go down from 9 and change not up. Daytraders asking for squeeze. . doubt they will get it. Has a P and D look to the trading and the timing of news. . .like we may have all been set-up. Where did this stock originate here? Not my DD. We will see how it trades Monday before jumping to conclusions. Rande Is Here is news: Friday April 9, 12:39 pm Eastern Time Company Press Release SOURCE: Eastbrokers International Incorporated Eastbrokers Signs Definitive Agreement With Cyber Realm On Development of EBonlineinc.com ROCKVILLE, Md., April 9 /PRNewswire/ -- Eastbrokers International Incorporated (Nasdaq: EAST; Berlin and Frankfurt Stock Exchanges: ETB) announced today that it has signed a definitive joint venture agreement with Cyber Realm, Inc., in connection with EBonlineinc.com, the Company's new online virtual business network subsidiary. Under the agreement, Cyber Realm will own a thirty percent interest in EBonlineinc.com. As part of its contribution, Cyber Realm will provide the necessary technological expertise, including, Web site design, software development and hosting services. The Company will contribute capital and access to its subsidiaries operations in the US and in Europe. ''Our plan is to develop EBonlineinc.com as the definitive on-line destination for both companies and investors. We believe that fast growing quality organizations will come to EBonlineinc.com for assistance, advice and complete financial services,'' said Martin A. Sumichrast, the Company's Chairman and Chief Executive Officer. Bruce Bertman, Chief Executive Officer of Cyber Realm said, ''we are in the final stages of development of the Web site. We still expect an April launch date for phase one of the site.'' The Company cautioned that EBonlineinc.com is still only in its development phase and there can be no assurance that this subsidiary or the Company's relationship with Cyber Realm will be successfully developed. The Company also stated that the future expansion of this site may cause the Company to have to obtain various regulatory approvals and that obtaining these approvals, among other factors, could negatively impact the successful development of EBonlineinc.com. Eastbrokers International operates a highly diversified, international, investment banking and securities network. In Europe, Eastbrokers operates WMP Bank AG, an Austrian bank and brokerage company, in which the Company maintains a majority interest. The Company also operates other brokerages throughout Central and Eastern Europe. In the United States, the Company operates EBI Securities Corporation, a NASD member, full service, investment banking and brokerage firm with 20 offices. For further information about the Company, please contact Martin A. Sumichrast at the US corporate headquarters at 301-527-1110 or by e-mail at info@Eastbrokers.net. Cyber Realm is an international internet services company specializing in providing internet access services to corporations, internet service providers and consumers over a nationwide internet backbone consisting of over 950 points of presence throughout the United States. For further information about Cyber Realm, please contact Bruce Bertman at 301-947-0100 or visit the Cyber Realm Web site at www.cyberrealm.net. Certain information contained in this press release includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties, including but not limited to the effect of political, economic and market conditions both domestically and in Eastern and Central Europe and those referred to in the discussion of risks and uncertainties set forth in the Company's Annual Report on Form 10-KSB and as amended for the fiscal year ended March 31, 1998, and in the Company's other reports filed pursuant to the Securities Exchange Act of 1934. Readers are cautioned not to place undue reliance on these forward looking statements, which are made as of the date hereof and The Company undertakes no obligation to release any revisions to the forward looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments. SOURCE: Eastbrokers International Incorporated