Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : INTERNET ASIA + Indexes -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (844)	5/20/1999 7:00:00 AM
From: Thors_Hammer	Read Replies (2) \| Respond to of 1567

News on Mywb Must read - this could be very big! Thursday, May 20, 1999 INTERNET On-line trading ready for debut CHRISTINE CHAN and Bloomberg -------------------------------------------------------------------------------- On-line trading may be the latest trend to find a home on the mainland, when investors next week receive their first opportunity to bid for shares electronically at auction. Further Internet-based trade might also soon be possible after MyWeb Inc.com of the United States signed a partnership deal that would allow it to become the first provider of on-line stock trading in the mainland. Next week's auction involves the sale of the legal-persons shares, a class of domestic shares that are non-tradeable and restricted to mainland institutions. Retail and foreign investors are prohibited from bidding, said auction organiser Shanghai International Auctions. The shares are in the form of collateral which were foreclosed by Shanghai-listed Shanghai Municipal Raw Water and unlisted Shanghai Bank, the result of a merger of the city's co-operatives, the auctioneers said. The municipal courts took possession of the shares on behalf of the shareholders. Although on-line auctions have yet to be used in the mainland, observers will be looking keenly at the results of the forthcoming auction for market perception of such transactions. The Internet stock sale will be held in Shanghai from Tuesday and run for four days. Those interested in bidding must pay a 100,000 yuan (about HK$93,000) deposit in advance in exchange for a password allowing access to the bidding process. MyWeb Inc.com is a New York-based maker of television set-top boxes that connect customers to the Internet. MyWeb will co-operate with China Sci-Tech International Trust and Investment, part of China SciTech Holdings, to provide on-line financial information to retail and institutional investors. The company hopes to be the first to allow mainland investors to trade stocks on the Internet. Securities regulators have yet to give their approval to the plan. "It's a grey area," said T.S. Wong, president and chief executive of MyWeb. The company will set up the infrastructure for on-line trading through a contract it signed last month with Beijing Telecom, a wholly owned subsidiary of China Telecom, which operates an estimated four million phone lines in the capital area

To: Francois Goelo who wrote (844)	5/20/1999 9:36:00 AM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 1567

Clariti Telecommunications International Acquires NKA Communications Pty. Ltd. Acquisition of Australian IP Service Provider Expands Clariti Network to the Asia-Pacific Region PHILADELPHIA--(BUSINESS WIRE)--May 20, 1999-- Clariti Telecommunications International, Ltd. (OTC:CLRI-news) today announced that it has signed a definitive agreement to acquire NKA Pty, Ltd. (''NKA''), an Australian based provider of Internet Protocol (''IP'') telephony to corporate clients. Specific terms of the acquisition were not disclosed. The acquisition is expected to be completed in the coming quarter and is subject to due diligence and other conditions. NKA was formed in 1998 by Peter Cook and telecommunications professionals with broad-based experience in the Australian and Asian markets. NKA utilizes ECI Telecom's Hi-Gate IP Telephony product line and is currently connected to the IP Network run by Megahertz-NKO, which Clariti acquired earlier this month. NKA's current business is 100% focused on the corporate sector of the Australian market. NKA has plans to extend its network reach to several Asian markets beginning in the fourth quarter of fiscal 1999. Peter S. Pelullo, Chairman and Chief Executive Officer of Clariti, said, ''We are delighted that NKA has agreed to become a part of the Clariti team. NKA's experienced, focused management team has an extensive knowledge of and relationships in the Asian markets. Together with Megahertz-NKO, our ISP and IP Telephony subsidiary, NKA will aggressively grow the Clariti IP Network throughout the Asia-Pacific region. It is our intention to offer Next Generation end-to-end wired and wireless products to corporate clients and consumers on six continents, utilizing our global IP network. This highly Synergistic acquisition, brings us another step closer to realizing our vision of becoming a global telecommunications company.'' Peter Cook, Managing Director of NKA added, ''We are very excited about bringing our experience in the Asian telecom market to Clariti. Our vision in starting NKA was to bring real Next Generation value added telecommunications services to corporations and consumers in the Australian and Asian markets. This led us to the ECI Hi-Gate IP Telephony product as the solution and Megahertz-NKO as the partner to bring that solution to market. Now with NKA joining Megahertz-NKO as part of Clariti it's really all coming together. We are looking forward to helping Clariti become the premier value-added network provider in the world.'' Clariti Telecommunications International, Ltd, is a diversified international telecommunications company headquartered in Philadelphia. In addition to their IP Telephony and ISP business Clariti has two other divisions GlobalFirst and Clariti Wireless Messaging. GlobalFirst provides diversified telecommunications services, including domestic and international long-distance, pre-paid mobile phones and calling cards, primarily in the United Kingdom and France. Additionally, Clariti is currently developing the ClariCAST (TM) Digital Voice Messaging System, the world's first low-cost high-speed digital voice Messaging system. The ClariCAST (TM) system combines a full-featured voice mail system with wireless voice pagers. This patented communications technology uses FM subcarrier frequencies, so it can be quickly and inexpensively installed in any city where FM radio towers exist. Clariti plans to market its voice messaging service worldwide, including rapidly growing wireless telecom markets such as Europe, Latin America and the U.S. More information on Clariti and the ClariCAST (TM) Digital Voice Messaging System can be found on the World Wide Web at clariti.com Special Note Regarding Forward-Looking Statements: This press release contains certain forward-looking statements, including statements about Clariti's growth prospects, the ability to expand its telecom business and market share at a lower cost, the use of NKA's infrastructure, the synergies and advantages of the NKA acquisition, that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, changes in consumer demand for telecommunications products, the continued growth in the Internet demand usage, acceptance of Internet Telephony, and various other factors beyond the control of the companies. This includes such factors as described from time to tome in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed form 10-KSB. Contact: Clariti Telecommunications International, Philadelphia Peter S. Pelullo, Chairman & Chief Executive Officer 215/425-8682 or Morgen Walke, New York Investor Relations: Cheryl Schneider/Hulus Alpay/John Blackwell Press: Michael McMullan/Jamie Kohn 212/850-5600 biz.yahoo.com CLRI closed at 2 3/4's yesterday. The stock has very good support right at this level. It might be a good candidate for the Internet Asia Index. Regards, Jeff

To: Francois Goelo who wrote (844)	5/20/1999 9:47:00 AM
From: StockDung	Respond to of 1567

Message 9633392 MYWB shocking news!!!! Truthseeker

To: Francois Goelo who wrote (844)	5/20/1999 11:05:00 AM
From: Selfmade$	Read Replies (1) \| Respond to of 1567

Francois, great news just out on PWTC, huge potential here, speaking from an Electrical Engineering point of you: "Thursday May 20, 10:13 am Eastern Time Company Press Release Power Technology Inc. to Produce and Commercialize its Patented Battery Technology throughout China LAS VEGAS--(BUSINESS WIRE)--May 20, 1999--Power Technology, Inc. (OTC BB: PWTC - news) announced today that it has entered into an exclusive joint manufacturing and distribution agreement with Aniche, Inc., a Phoenix based international OEM manufacturing agent officially authorized by the Chinese Central Government to represent Power Technology in prototyping, OEM manufacturing planning, market development and sales distribution throughout China of its patented battery technology. Through this agreement, Aniche will be initially targeting the automotive and electric bicycle markets in China. Power Technology has developed a more powerful, more efficient, environmentally friendly battery for commercial use in the automotive industry, for standby power stations, the burgeoning electric vehicle market, and other existing battery applications. Made of a lightweight nontoxic alloy with acid-free electrolyte, this battery technology offers twice the power and half the weight of a conventional battery, is applicable to all types of industrial and manufacturing uses and solves major performance, convenience and cost issues that are blocking electric vehicle consumer acceptance. ''China has 1.2 billion people and an economy that has been growing at almost 10 percent a year over the past 18 years. Power Technology's unique battery technology not only radically transforms the affordability of mass transportation for China's average citizen, but can become imminently competitive in both commercial and industrial sectors as well,'' stated Mr. Philip Liu, President of Aniche, Inc. ''A high performance, economical battery should find wide acceptance with major Chinese auto manufacturers, especially with sub-mini car manufacturers,'' Mr. Liu continued. ''This alone could be a US$50 million per year market. ''Moreover, considering the expense of the automobile as a means of personal transportation, the bicycle is considered one of the top three items on every Chinese household's shopping list. This grants Power Technology and its Chinese partners a mass market for the electric bicycle. ''As such, a mere 10 million units over three years, priced at an affordable US$500 each, represents US$5 billion in revenue.'' Mr. Lee Balak, President of Power Technology, Inc., stated: ''China's urban population already considers the electric bicycle the ideal means of transportation for daily commuters. Since we have resolved the inefficiencies of current battery technologies, the electric bicycle stands to gain rapid acceptance as a real alternative to standard bicycles, motorcycles and automobiles.'' Power Technology, Inc. further announced today that it has entered into formal discussion with a major North American utility company for the development and commercialization of its Alloy Sensor Technology, a proprietary patented metal alloy which acts as continuous self-generating power source when introduced to any aqueous medium. Power Technology, Inc. is a Las Vegas-based technology development company, which holds several patents in the power generation and power storage fields, and is working to provide innovative and practical technology solutions for commercial, government and industrial applications worldwide. Certain statements in this news release may constitute ''forward looking'' statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. POWER TECHNOLOGY, INC. is quoted on the OTC Bulletin Board as ''PWTC.'' Contact: Power Technology Information - USA: Investor Communications Co. 888/345-0434 or 800/457-4874 or Information - CANADA: Seeds Capital Corp. 800/245-2340 or 604/689-2992" ********************************************************************** Extremely undervalued, Over Viewer