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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (369)	5/10/1999 11:24:00 PM
From: PK	Respond to of 7056

Monday May 10, 7:31 pm Eastern Time..REUTERS (HITT) Porn-free Web site secures $100 million investment By Eric Auchard NEW YORK, May 10 (Reuters) - Hitsgalore.com Inc. (HITT - news) on Monday said an Arizona trust invested $100 million in securities in its small business information Internet site, which uses its strict brand of moralism as an audience draw. The Rancho Cucamonga, Calif.-based company said it would use the additional financial backing to develop technology on its site, which sets itself apart from popular Web search systems by blocking access to sexually explicit content. The company, whose stock is traded on the over-the-counter bulletin board, said Life Foundation Trust, a Scottsdale, Ariz.-based trust claiming $1 billion in assets, had agreed to transfer unspecified securities worth $100 million in exchange for restricted Hitsgalore.com common stock. Life Foundation will receive 4 million shares of restricted stock, which limits when the trust can sell the shares. Hitsgalore.com sees the deal as one of the final steps to win approval for a full Nasdaq stock market listing of its shares. Steve Bradford, the company's co-founder and chief executive, said in a phone interview that Hitsgalore.com was seeking to differentiate its site from popular Web search sites by a refusal to handle pornographic content. ''We are trying to appeal to a broad audience that is seeking Internet business connections,'' Bradford said. ''We are simply offering the service to people who want porn-free search results. We are not openly touting our beliefs,'' he said. While Web search sites like Yahoo! Inc. (YHOO - news), Lycos Inc. (LCOS - news) and Excite Inc. (XCIT - news) offer users optional software to screen out explicitly sexual or violent content, Hitsgalore blocks all searches for pornographic material and refuses to accept any sexually explicit material on its site. Hitsgalore also seeks to set itself apart from strictly religious Web sites like the one operated by Crosswalk.com Inc. (AMEN - news). The Christian-oriented venue (http://www.crosswalk.com) describes itself as ''where faith & values meet everyday life.'' Bradford said his company's restrictions on explicit sexual content were motivated by his perspective as a father and as well as his strong Christian beliefs as a member of the Evangelical Free Church. However, he said the decision to restrict ''adult'' content on Hitsgalore makes good business sense. This separates Hitsgalore from other search sites, which he believes use pornography to draw visitors and boost advertising audiences. Hitsgalore.com (http://www.hitsgalore.com) plans to make money by selling corporate sponsorships of local content categories and key search terms that users of the site seek through its Web search system. Popular terms for sale on the site include ''mlm'' for multi-level marketing, shopping, advertising, business, real estate and travel. The site also links to Web content created by local editors in 13 U.S. cities, many of them mid-sized regional markets in the Western United States. ''At the present time, most of our audience are people who involved in small businesses, many are home-based businesses that are seeking to get on the Internet'' to sell goods and services, Bradford said. The Hitsgalore.com site was launched six months ago. The company had gross revenues of $491,000 during the month of April, more than it had during the entire first quarter ended in March, Bradford said. Hitsgalore.com went public in March through a so-called reverse merger with an over-the-counter shell company and a 7-for-1 reverse stock split. Life Foundation's latest $100 million investment follows a $10 million private placement completed last month in which Life Foundation agreed to invest $10 million in return for two million shares of Hitsgalore stock. The stock has nearly tripled in value since the original investment was announced April 16. After news of the latest investment, Hitsgalore stock climbed another $3.81 to $19.31 on Monday. The company said it would seek shareholder approval to authorize the additional share issuance. The proposed deal values each Hitsgalore.com share at $25 a share. Roughly 4 million of Hitsgalore.com's 50 million shares are publicly owned, with the rest held by Bradford and his business partner, Dorian Reed, who controls a majority of the shares. Bradford said details of the investment securities involved in the latest transaction with Life Foundation would be revealed in U.S. securities filings the company expects to make within a week to meet Nasdaq listing requirements. The company is seeking to list on Nasdaq under the ticker symbol ''HITS.'' It plans a national advertising campaign on radio networks including CBS Corp. (CBS - news) and syndicated talk show host Rush Limbaugh's program by the end of May. -------------------------------------------------------------------------------- More Quotes and News: CBS Corp (NYSE:CBS - news) Didax Inc (Nasdaq:AMEN - news) Excite Inc (Nasdaq:XCIT - news) Hitsgalore.com Inc (OTC BB:HITT - news) Lycos Inc (Nasdaq:LCOS - news) Yahoo Inc (Nasdaq:YHOO - news) Related News Categories: computers, options, publishing, retail, US Market News

To: bob sims who wrote (369)	5/10/1999 11:35:00 PM
From: Pluvia	Read Replies (3) \| Respond to of 7056

Bob, You guys have to remember that HITTs is just not a search engine but a business technology center. They provide more then just a search engine and more acqusistions are on the way. This is only the start of a major company. I drove by their offices today. They are located in a newer area of Southern California in a big huge building near the Ontario International Airport. A really, really big-huge building? Just one question bob... When you go shopping with your wife, does she wear the tee-shirt that says "I'm with stupid" ?

To: bob sims who wrote (369)	5/25/2002 7:21:29 AM
From: John Sladek	Respond to of 7056

bob, a business technology center ..... LMAO!! You guys have to remember that HITTs is just not a search engine but a business technology center. They provide more then just a search engine and more acqusistions are on the way. This is only the start of a major company. I drove by their offices today. They are located in a newer area of Southern California in a big huge building near the Ontario International Airport. They're not some fly by night operation. There's a lot of activity going in and out of their building.