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This is a European ISP stock which has recently shown signs of life. It changed its symbol from HTEL in July 1997. It has basically discontinued its residential and telephone construction operations although it is still relegated to that sector in Yahoo! So far the company's main focus is in Hungary. Per Edgar "On January 2, 1997, the Company acquired three Hungarian Internet service companies ("Internet providers"), namely, EUnet, E-Net and MS Telecom for a purchase price of approximately $1,585,000, consisting of 144,000 shares of common stock of the Company and $1,225,000 in cash." EUnet was the leading provider of leased line Internet services in Hungary. E-Net was recognized as the premier developer of Web sites in Hungary, providing content, design and database functions, as well as Web site hosting services. MS Telecom was one of the largest providers of dial-up Internet access services in Hungary. Per its latest 10Q in Sept 1997 EWEB earned: -.10 for the Q -.54 for the 1st 9 months This compares to 1996 -.67 for the Q -1.19 for the 1st 9 months As of 9/30/1997 Shares Outstanding are 4.68M, Float is around 3.4M The company is incorporated in Delaware, and is NASDAQ listed and fully reporting to the SEC. (rare for these kind of Internet plays!) EWEB also filed for an extension for the 10K as of 3/20/1998 Address: 445 Park Avenue, 15th Floor New York, NY 10022 Phone: (212) 758-9870 Frank R. Cohen, Chmn./Secy./Treas. EuroWeb currently employs 36 persons; four in management, thirteen in sales and marketing, eight in graphics and Web development, seven in networking operations and four in administration. Please add any info you see fit.. this stock seems to have gained some attention in the past week, and seems on the way to profitibility. | ||||||||||||||
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