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Technology Stocks : UBRT - U BRAND IT Branding New Sites -- Ignore unavailable to you. Want to Upgrade?


To: Allen Scher who wrote (9)5/10/1999 8:55:00 PM
From: Ontherise  Respond to of 40
 
Their web site (www.ubrandit.com) gives shares out: 8.7 mil or so. Go to the Corporate area. I spoke to the CEO (Jeff Phillips) by phone last week: seems like a smart guy, probably fairly young. Sounds realistic about the chances and risks he and his 12-person team have.

Company used to be called Virtual Brands (symbol VEBE) or something similar. They started as a web design company, and still do that, but they hit on this branding idea and are going for it. They hope to get onto a "real" exchange, i.e. NASDAQ or AMEX, before the year is out. They don't want to be another no-profit Internet stock -- they intend to make real money with this concept, though Jeff admits anything could happen. They're about to start issuing financial reports, which will help with DD; revenues are less than $1 mil at the moment. I bought 100 shares at 9 1/8 just for the hell of it. The price rise is due to newsletter articles and a mention on CBS MarketWatch, if memory serves.

Good luck to all longs!