ETCP looks disappointing, but I am still in. WHAT just releases good news around noon, very thin float.
05/25 12:02 PAR Analyst Announces Investment Opinion on whatsonline.com; Assigns
PAR Analyst Announces Investment Opinion on Whatsonline.com; Assigns
Speculative Buy Rating to Whatsonline.com, $8 to $10 Target in 12 Months in
Review Distributed by Investrend Research
NEW YORK--(BUSINESS WIRE)--May 25, 1999--Public Analysis & Review (PAR),
the unique professional independent analyst program administered by the
non-profit Investors Research Institute, Inc., and distributed by Investrend
Research, announces that Darren E. Robinson, CFA, professional analyst
qualified in the PAR program, has initiated coverage of Whatsonline.com
(OTCBB:WHAT), with a 'Speculative Buy' rating, establishing a 12 month target of
$8 to $10.
The report follows. PAR has posted a downloadable report, including disclaimers
which should be read before investing, at
investrend.com . Date of Report: May 25, 1999 Shares
Outstanding: 23,052,404 Recent Stock Price: $4 3/8 Estimated Float: 14,040,404
52 Week Range: $.875-$5.50 Recommendation: Speculative Buy Market
Capitalization: $86,446,515 Target Price: $8 to $10 in 12 months
Whatsonline.com (OTCBB: WHAT) is an aggregator and presentation portal for
targeted Internet streaming media content. The Company offers a large,
comprehensive selection of Internet programming, including sports, news,
business and finance, health and medicine, technology, politics, and religion.
WHAT also intends to broadcast, on a worldwide basis, live pay-per-view
seminars and entertainment, trade shows, conferences, and training events. The
Company has offices in Buffalo, New York, Richmond Hill, Ontario, with planned
openings in London, England and Singapore.
The development of streaming media technology, led by Real Networks
(Nasdaq:RNWK) and Microsoft (Nasdaq:MFST) is rapidly changing the internet
from a medium of text oriented information to a more interactive medium. Near
broadcast quality is now available through streamed audio and video.
Whatsonline.com is poised to take advantage of this change by offering the latest
in streamed audio and video content to the World Wide Web audience.
The recent joint venture with Hollinger Digital as the exclusive provider of
streamed content to their UK portal, Ukmax (http://www.ukmax.com) solidifies
WHAT as a contender in the streaming media industry. Ukmax is one of the
fastest growing portals in Europe.
The company has a strong balance sheet and is debt free. Its management team
is aggressive and experienced and should be able to move Whatsonline.com to
one of the contenders in the streaming media field. A comparison to other internet
content providers such as Broadcast.com (Nasdaq:BCST), Vertical Net
(Nasdaq:VERT), CNET (Nasdaq:CNET), Infospace (Nasdaq:INSP) and Sportsline
USA (Nasdaq:SPLN) leads us to conclude that WHAT is trading at a significant
discount based on the market valuations of these companies.
Darren E. Robinson, CFA is a member of the Toronto Society of Financial Analyst
and the Association for Investment Management and Research. He has over 6
years of Financial Services experience including working as a mutual funds
analyst at Dundee Mutual Funds. Along with being a CFA charterholder, he has
completed course work with the Canadian Securities Institute and holds a
bachelor of Arts degree in Mathematics from York University. PAR analysts are
profiled at investrend.com .
--30--jp/ny* bk CONTACT: Darren E. Robinson, CFA
905/472-2090
darrenrobinsonhome.com
or
Whatsonline.com
Terry Johnston
800/798-9398
whatsonline.com
or
Investors Research Institute, Inc.
C. Partridge
212/484-4747
investrendusa.net
investorsresearch.org
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