SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: dowen who wrote (4365)5/10/1999 10:04:00 AM
From: SteelerStu  Read Replies (1) | Respond to of 108040
 
Group V to Initiate Stock Buy Back Program; Company will
B: Group V to Initiate Stock Buy Back Program; Company will purchase up to 10
million outstanding shares

SAN FRANCISCO (May 10) BUSINESS WIRE -May 10, 1999--Group V Corporation
(OTC BB: GRPV) announced today that it will initiate the stock buy back
program approved at the Company's stockholders meeting in May of 1997.
The Company will buy back up to ten million (10,000,000) of its
outstanding shares.

The Company will purchase shares at market price from its extensive
stockholder base. To reduce the costs associated with notification, the
Company will endeavor to repurchase these outstanding shares prior to
announcing the next stockholders meeting scheduled for later this year.

Group V Chairman and President, Joseph Monterosso explained,
"Initiating the stock buy back at this time will not only reduce the
number of free trading shares outstanding, it will also reduce the
considerable costs associated in communicating with such a large
stockholder base. We will be able to better manage the base group and
improve communication with our stockholders by buying back these
shares. We also feel that with the imminent Company name change to
TotalAxcess.com, Inc., this would be an ideal time to consolidate our
investor base."

Group V Corporation is a diversified telecommunications company
specializing in some of the world's most profitable market segments
including one plus, toll free long distance and pre-paid phone card
products. Group V has created a network of complementary companies,
many of which offer products and services of their own, many of which
market, develop or deliver the products of companies within the Group V
family. Effective May 15, the Company will change its name to
TotalAxcess.com, Inc.

Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including, without limitation,
continued acceptance of the Company's products, increased levels of
competition for the Company, new products and technological changes,
the Company's dependence upon third-party suppliers, intellectual
property rights and other risks detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission.



To: dowen who wrote (4365)5/10/1999 10:13:00 AM
From: Jim B  Read Replies (2) | Respond to of 108040
 
congrats to all on XSNI, GRPV, NYRR,EDIG, WOWS.. so far looks like a great week...

ETRADE Says they think my order was filled at 6 1/4 sale on XSNI.. which I still didn't really want.. didn't know my sell order was GTC on friday ... tried to cancel it but too late... ETRADE says they can't give me confirmation for 3 days that I got 6 1/4 on XSNI... their messaging service says I got filled sale at 4 1/4... ugh

still holding WOWS... now 9 x 9 1/8... should continue to appreciate all week... 25 to 1 forward split coming on May 19th.. and keeping my eyes/ears open for any possible EBAY/MGCN announcement.

jim



To: dowen who wrote (4365)5/10/1999 11:57:00 AM
From: dowen  Read Replies (2) | Respond to of 108040
 
I bought OMDA on Kimberly's recommendation, got in a little high. Also bought back more ACCR. Looking for a bounce today sometime.



To: dowen who wrote (4365)5/10/1999 12:15:00 PM
From: dowen  Read Replies (1) | Respond to of 108040
 
FLNK sure does look good. I don't know what it's going to take to get it moving again. Volume is already close to the average daily volume.