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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: BuzzVA who wrote (10586)	4/14/1999 2:14:00 AM
From: Jason B	Respond to of 10903

While we wait for TPII to come back to life. Here is my pick for tomorrow: WESTAR (ticker west) is going online check out this press release! Westar Financial to Launch New Internet Model for Auto Finance current price $ 2 1/8 April 13, 1999 08:42 PM OLYMPIA, Wash., April 13 /PRNewswire/ -- Westar Financial Services Incorporated WEST , a prime-credit auto lessor, announced today that it will enter the e-commerce market by offering new car financing through the Internet beginning this summer. "We have been preparing for nearly two years to offer consumers fast, efficient, friendly services and a very competitive product through electronic distribution channels," stated R. W. Christensen, Jr., Westar's Chairman and CEO. "We believe that the personnel, the technology and the competitive mindset which have generated notable volume growth over the past year, from a $4 million rate of annual originations to more than $100 million, will be highly effective in the Internet market as well. "As opening day approaches, we expect to introduce the allies with which Westar will launch our Internet services. They will be 'first tier' competitors, as is each of our present strategic partners. This new Web offering, slated to be live this summer, will be the first of the third generation of automobile e-commerce on the Internet," Christensen explained. "As has been our custom in other areas, it our intent to approach the Internet market differently than have others, to bring into play a new approach and to introduce a new level of consumer orientation and service." Westar Financial Services Incorporated is an innovative, fast-growing, Washington-based automobile finance company. It has focused solely on the prime-credit segment of the $110-billion auto-lease finance market and has completed seven securitizations of auto lease receivable certificates for the prime credit market. WEST is the only publicly-traded automobile lease finance company focused solely on this huge market. Westar's shares are traded over-the-counter by Hoefer & Arnett, San Francisco; Hill Thompson, Jersey City; and Monroe Securities, Rochester, NY. Statement regarding "Forward Looking Statements": Statements concerning future performance, developments or events, including generating Internet revenues, new product consumer acceptance, market size, various statements concerning expectations for growth or profits, market forecasts for the Company's products and for its industry, and any other guidance on future periods, constitute forward-looking statements which are subject to a number of risks and uncertainties including adequacy of working capital, which might cause actual results to differ materially from stated expectations. SOURCE Westar Financial Services Incorporated

To: BuzzVA who wrote (10586)	4/14/1999 8:26:00 AM
From: Alan Coccio	Read Replies (1) \| Respond to of 10903

What's your opinion of today's volume and NO movement in the price? But we did see a change in the price. The bid dropped from 13 to 10 cents and the ask from 15 to 13 cents. Of the 207,900 shares traded, there was only one buy for 3,800 shares. That was the last trade of the day. It appears that there was no price change because the previous day closed at the bid of 13 cents and today closed at the ask of 13 cents. Just as an aside, there are eight market makers at the bid of 10 cents this morning. On another note, the reported insider selling was registered on 3/23/99 but did not take place that day. It couldn't have considering the volume and prices for that date. It had to have taken place a week or two earlier considering the sale was for 17 cents. This was also the beginning of the snowball effect knocking the price down to 9 cents. Wasn't that sweet? Of course, they have every right to sell their shares whenever they please but their timing couldn't have been worse.