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NTXY (Nettaxi), an undiscovered gem, way undervalued member of the Online Communities sector which includes GCTY, XMCM, TGLO, is an extremely compelling buy at this price level. The float is only 1.9M, and apparently, quite a few investors already seize the opportunity today to buy the stock. It closes at 8 5/8, up 30.19% at days high on record volumes. NTXY ranks number 33th on the 100 hot website list, behind Xoom and Geocities but ahead of TheGlobe and Ziff Davis. hot100.com North Coast Securities today initiate coverage of NTXY with buy recommendation: quote.bloomberg.com. Thursday January 28, 1:29 pm Eastern Time Company Press Release SOURCE: North Coast Securities Corporation North Coast Securities Initiates Coverage of Nettaxi Online Communities, Inc. (OTC Bulletin Board: NTXY) with Buy Recommendation CAMPBELL, Calif., Jan. 28 /PRNewswire/ -- The following has been issued by North Coast Securities Corporation, a member of the National Association of Securities Dealers, CRD # 35982: North Coast Securities Analyst Erin Burpee has initiated coverage of Nettaxi Online Communities, Inc. with a buy recommendation. ''We view this company to be an undervalued participant in the rapidly growing Internet arena. With one-third of all e-mail users considering themselves part of a community, Nettaxi should profit from their ability to provide dynamic, theme-based web communities for their users. Internet users find community sites exceptionally appealing as they provide a powerful launching point from which to explore a variety of Internet activities while permitting users to control the site's appearance. The Nettaxi Community also allow its 'citizens' to create their own home page with free access to the site's Home Page Builder. ''Nettaxi has won numerous accolades, including the 33rd spot on the Hot 100 Best Web Site List, one position higher than The Globe online community (January 20, 1999). The Company was also awarded 44th place on the Media Metrix/PC Meter 500 list, based upon the number of unique visitors to its site. The Nettaxi website, www.nettaxi.com, is presently receiving over 70 million impressions per month. ''Unique amongst other online communities is Nettaxi's CD-ROM Internet tutorial, 'Internet the City.' Designed for new Internet users, this quick and easy animated guide to the Internet presents a 3D tour using interactive demonstrations and a series of digital movies. Not only does ''Internet the City'' act as a powerful marketing tool; ITC also allows users to connect to the Internet, guiding them directly to the Nettaxi site. ''Most notably, Nettaxi recently announced an alliance with Apple Computer, Inc. (1/20/99). Along with other leading software providers, Nettaxi will include its product in the Internet Curriculum Connection bundle offered to iMac customers at point of purchase. Nettaxi's innovative 'Internet the City' CD-ROM, will help educate teachers and students about all facts of the World Wide Web. Partnering with Apple Computer and receiving product exposure via Apple's popular new iMac, creates an enormous opportunity for Nettaxi to provide the leading educational tool for K-12 users. ''We recommend purchase of NTXY shares based upon management's technological expertise, commitment to building brand loyalty on the Web and ability to strike further alliances with key ISPs, Internet advertisers and other computer hardware and software manufacturers. Nettaxi is the only Online Community company offering an instructional product like the ITC CD-ROM, allowing the Company to capture mole new users and drive them to the Nettaxi site.'' SOURCE: North Coast Securities Corporation | ||||||||||||
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