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Microcap & Penny Stocks : bgix (biologix international ) -- Ignore unavailable to you. Want to Upgrade?

To: francis terry who wrote (424)	5/23/1999 10:16:00 PM
From: Stepper	Read Replies (2) \| Respond to of 498

francis, This quote is all I have on the subject. It was from one of the recent news releases. "The deal calls for the BIOLOGIX shareholders to continue active market trading, with a new name and symbol change, pursuant to an amended Form 10 SEC registration, NASDAQ listing and public offering; subject to shareholder and regulatory approvals. BIOLOGIX shareholders will also receive new HEALTH CHANNEL stock at a conversion rate based on the difference between the average trading price and target offering price of THE HEALTH CHANNEL (TM) common stock on the effective date of any approved IPO." Biologix is also gearing up for major contracts: ''We will enable The Health Channel to build its community of health professionals and online resources by leaps and bounds,'' according to Chris Running, President and CEO of BigOnline, Inc. ''This partnership also strengthens our strategic position in the online community market.'' The deal calls for a two-year exclusive strategic partnership with a minimum growth of over 2500 hospitals, medical associations, and large medical group practices within the network. The development is also expected to provide a direct challenge to other health portals entering the on-line physician market; including the Atlanta-based firm WebMD, which is reported to have already raised $70 Million privately and hopes to raise another $53 Million through an IPO. To handle all this influx of internet traffic is has chosen Infoseek: BGIX - reported today that The HealthChannel (www.thehealthchannel.com) is the first major Web portal to deploy the Infoseek Corporation's highly acclaimed Ultraseek Server Content Classification Engine (CCE) for managing massive amounts of health-related content and providing the user with easy topical browsing and searching. Given the fact that Biologix only has 2 million in the public float and 16 million outstanding and also the heavy accumulation in the past 3 days I would tend to believe that float is continuing to decrease. This stock IMO will see much higher prices with all it has going for it at such a low low price compared to the other internet health care providers example (hlth). I will be trying to buy tomorrow. I'm hoping for an announcement about the IPO this week.