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To: Investor Clouseau who wrote (7181)4/14/1999 2:49:00 AM
From: Jason B  Respond to of 9824
 
Here is another new Internet stock. That just announced their e-commerce site tonight. Low float, only 2.4 million shares outstanding. The company made a profit of .09 per share last quarter. Check out this press release. Ticker (WEST)financial info is available on www.freeedgar.com

Westar Financial to Launch New Internet Model for Auto Finance


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: Investor Clouseau who wrote (7181)4/14/1999 3:13:00 AM
From: Michael L. Williamson  Read Replies (2) | Respond to of 9824
 
Okay... I need some sage advice from you millionare investors. So far my personal strategy has been to hold until I can make that original investment back selling one half of my holdings. The other half is free stock (IMHO).

Question: Is this too conservative? Not conservative enough? (BTW, so far I have a few that are in that category and am at a 31% margin of increase) Seems to be working... but open to new ideas for faster gains. And knowing that this is a gamble to begin with... Am I



To: Investor Clouseau who wrote (7181)4/14/1999 6:29:00 AM
From: ISOMAN  Respond to of 9824
 
I heard about a company called Microsoft.

Maybe they'll run???