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Microcap & Penny Stocks : Sagamore Capital Trading, Inc. -- MORE -- Ignore unavailable to you. Want to Upgrade?

To: Khris Smith who wrote (108)	5/18/1999 10:30:00 PM
From: LPS5	Read Replies (1) \| Respond to of 120

Am I the only person who caught this press release last night? ************************************************************** Web-Site to Become Financial Portal Site in Lieu of On-Line Trading Site MONDAY, MAY 17, 1999 5:38 PM EST - PRNewswire ROSLYN, N.Y., May 17 /PRNewswire/ -- Sagamore Trading Group, Inc. (OTC Bulletin Board: MORE) announced today that it has withdrawn plans to directly offer on-line trading services via its Time2Trade.Com web-site and is instead working towards creating a dynamic financial portal site under the Time2Trade.Com domain name. Although Sagamore does not intend to use Time2Trade.Com as a trading site, the Company is currently negotiating transactions with two existing on-line broker-dealers. Sagamore believes that this shift in focus will have an advantageous effect on long-term operating results. Additionally, the Company believes it can further develop its financial web-sites and attempt to attract advertising revenues from on-line brokerages and financial institutions. The financial portal site will include free real-time quotes, a real-time portfolio management system, analyst coverage, proprietary market commentary, email and instant messaging news services, and links to various on-line trading and financial information sites. The Company's goal is to attempt to provide a network of financial information web-sites catering to investors of all levels of sophistication on a wide variety of financial instruments including equities, mutual funds, options, bonds and futures. "We are very enthusiastic about the response that our Learn2Trade.Com web-site has received to date. We are now convinced that Learn2Trade.Com has the ability to become a significant revenue generator for the Company as we are in discussions with companies who are interested in advertising on our Web-Sites. With the positive response to the launch of Learn2Trade.Com, we believe the development of a true financial portal may spark a tremendous amount of interest from our colleagues in the financial and brokerage sector in general. We firmly believe that a financial portal site, combined with ISP capabilities, could give our Company the ability to attract a wide array of advertisers including: brokerages, mutual funds, insurance providers, retail banks, and financial periodicals. Although Sagamore will not directly provide Internet trading services, management believes that potential partnerships with on-line brokerage firms may result from the creation of a financial portal site," stated Jonathan Gottfried, President of Sagamore Trading Group, Inc. Sagamore Trading Group, Inc. is a growth oriented company primarily focused on providing on-line investment information services for individual investors through it's fully owned subsidiaries Time2Trade.Com and Learn2Trade.Com. Sagamore Trading Group, Inc. has operations in both Roslyn, New York and Dusseldorf, Germany. The Company's common stock is traded domestically on the OTC-Bulletin-Board and in Germany on the Frankfurt Stock Exchange, Berlin Stock Exchange, and Hamburg Stock Exchange. All statements contained herein (other than historical facts) are based upon current expectations. These statements are forward looking statements in nature and involve a number of risks and uncertainties, including but not limited to economic, competitive, governmental and technological facts affecting the Company's operations, markets, products and prices, as well as other factors. Actual results may differ materially from the anticipated results or other expectations expressed in the Company's forward looking statements. Generally, the words "anticipate", "believe", "estimate", "expects", "plan", and similar expressions as they relate to the Company and/or its management, are intended to identify forward looking statements. SOURCE Sagamore Trading Group, Inc. 05/17/99 /CONTACT: Andrew Gottfried of Sagamore Trading Group, Inc., 516-621-7714/ /Web site: http://sagcap@bloomberg.net/ (MORE)