To: HandsOn who wrote (44208 ) 5/22/1999 8:37:00 AM From: D.Austin Respond to of 90042
<PTEK> I do suppose you may have already read this but just in case there are other interested folks out there. ....glad I held :-) D.A One other thing,when triple J mentioned the other day about her head swimming in ticker symbols constantly I have also been thinking the same thing.I made a comment the other day about being satisfied with slow steady easy as she goes investing.I do believe the old ways of thinking like that are behind us.The only thing I guess I'm trying to say is that I am not a daytrader I do work for myself but I find myself thinking of how I can just stop by the house for a minute and pop in to Tim's thread.I want to again thank everyone on this thread for the big improvements to my trading. From a guy that my need counseling soon thanx everyone ATLANTA--(BUSINESS WIRE)--May 21, 1999-- WebMD-Healtheon Merger Increases Pre-Sold Physician Subscriptions to 11 Million Months, Boosting Orchestrate(R) Revenue Potential As of 2:00 p.m. (ET) today Premiere Technologies (Nasdaq:PTEK) announced the current value of its partnership stake in WebMD, assuming completion of the merger with Healtheon, at half a billion dollars or approximately $10 per PTEK share. Premiere's equity in WebMD would convert to approximately 5.2 million shares of Healtheon/WebMD, including 422,000 shares held in an employee incentive pool. These shares were acquired as part of Premiere Technologies' strategic investment and partnership arm, PTEKVentures.com. The merger between the two Internet healthcare companies provides a major sales opportunity for Premiere's Orchestate(R) product, which is included in WebMD's physician subscription offering. Previously announced long-term deals between WebMD with DuPont and Microsoft call for 11 million months of physician subscription commitments. Orchestrate is the Web-based communications solution that links voice messaging, e-mail, fax and conferencing with access through the Internet or the telephone. Premiere expects to receive as much as $15 per month in fees and usage revenue for each of the converted physician subscriptions. "This is the beginning of a great run for PTEKVentures.com," said Boland T. Jones, Founder, Chairman and CEO of Premiere Technologies. "Our portfolio strategy 'powered by Orchestrate' is starting to pay off in multiple ways. Not only are the investments generating incredible returns, they are giving Orchestate the distribution it needs to dominate the Web-based communications category." About Premiere Technologies Atlanta-based Premiere Technologies, Inc. provides innovative solutions to simplify communications by combining the power of the Internet with the reach of the telephone. Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Premiere's actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in Premiere's Annual Report on Form 10-K for the fiscal year ended December 31, 1998 and its Quarterly Reports on Form 10-Q and subsequent filings filed with the Securities and Exchange Commission. CONTACT: Premiere Technologies, Inc. Bob Zwerneman, 404/504-2479 (investor calls) or Randy Salisbury, 404/504-2361 (media calls) KEYWORD: GEORGIA BW1291 MAY 21,1999 12:35 PACIFIC