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AllnetServices.com Corp. I am very excited about this company and felt that it needed a more informed thread. This is not hype and I WANT people to add valuable DD to this thread be it good or bad. Always remember to look both ways before crossing the Wall Street. The Company specializes in the marketing and distribution of a broad range of products and services at wholesale prices to both consumer and trade customers. Its Internet-related businesses include AllnetDirect.com, which lists over 45,000 computer-related products, similar to Insight.com (OTC Bulletin Board: NSIT); GoingOnce.net, a 24-hour online auction, similar to that of OnSale.com (OTC Bulletin Board: ONSL); AllmonitorMall.com, the first Web site dedicated solely to offering all monitor-related merchandise; and AllnetServices.com, which offers Web hosting, professional graphics design and animation, data base management and site development. They also have well defined infrastructure that they can sell or market to anyone wanting to do online auctions and this is going to be a 50+ billion-dollar industry within 4 years. This company as AWEB is new and they have accomplished and expanded their service line tremendously in just the last 2-3 months Before I get into a history and analysis of AWEB here is some informative company links and contact information: _____________________________________________________________________ Main Web Site allnetservices.com Commercial AWEB Sites Going Once Auction Site goingonce.net AllNetDirect.com Discount Computer Mall allnetdirect.com AllMonitorMall.com Monitor only sales allmonitormall.com Frequently asked questions about AWEB (FAQ) allnetservices.com Request Investor Package allnetservices.com Allnet Services Investor Relations 3650 Coral Ridge Drive Suite 101 Coral Springs, FL 33065 Email: invest@allnetservices.com Telephone: 954-346-7575 FAX: 954-346-3205 Mark Merhab mmerhab@home.com ______________________________________________________________________ AWEB Services and Products GoingOnce.com goingonce.net Allnet Services, Inc. owns and operates a live interactive 24-hour online auction site at goingonce.net. This e-commerce site specializes in computer equipment, electronics, and other consumer products. Going Once provides an exciting sales format that leverages the unique characteristics of the Web, such as interactivity and a sense of community. AllnetDirect.com allnetdirect.com AllnetDirect offers over 45,000 new computer hardware and software products in a sales format. Easy to use and secure, AllnetDirect brings products from Compaq, Digital, Intel, NEC, 3Com, Cisco Systems, Microsoft, and many, many more directly to our customers desktop at home or in the office AllmonitorMall.com allmonitormall.com Offering the best in new and refurbished computer monitors. All monitors, all the time. NOTE: They also offer great services in Web Site Development and Web Database Integration. Their expertise in these areas is exhibited in their own web sites as well as those of their customers. ______________________________________________________________________ News and historical points in descending order from most recent to least recent as of 7/26/98 News Links: www1.newsalert.com News 07/24/98 AllnetServices.com Corp. and Digital River Enter Software Distribution Agreement As a result of the partnership, Allnet will offer its customers, for the first time, the opportunity to purchase and download software directly from three of its Internet sites, as opposed to physical delivery of boxed products only. As part of the Agreement, Digital River will provide Allnet with access to its vast inventory of more than 100,000 digital products. Additionally, Digital River's SSL-secured e-commerce engine will perform credit card screening and export management for all electronically downloaded software sales. News 07/22/98 AllnetServices.com Corp. Enters Sponsorship Programs with Flycast, CNET and The Internet Travel Network. The ten-week campaign is in its third week and is guaranteed to deliver nearly 3,500,000 impressions. News 07/02/98 AllnetServices.com Corp. Announces Grand Opening of AllmonitorMall.com News 06/03/98 AllnetServices.com Corp. Signs Letter of Intent to Acquire Computer Solutions Company; Launches Marketing for New Internet Site News 05/22/98 AllnetServices.com Corp. Launches Internet Site AllnetDirect.com; Appoints new Chairman, Directors Business Editors/High Tech Writers News 05/20/98 AllnetServices.com Corp. Added to Internet Stock Review Watch List. To date, the Company is receiving in excess of 50,000 visitors a day at GoingOnce and continues to add registered bidders to its growing list. To read the ISR review go here: Message 4508631 Read this article carefully. Even though we all know ISR reviews are usually paid for this one says a lot between the lines. Also, ISR uses AWEB to do their site. Good and bad side to that. ______________________________________________________________________ The Online Auction and Online Retail Industry as a whole with comparative information of competitors techweb.com Analysts said auction software vendors could loom large in continued development of Internet auctions as a business-to-business trading tool. Cambridge, Mass-based Forrester Research said it projects online auctions will handle volume of $52.6 billion by 2002, compared with $2.9 billion annually today. Yet 94 percent of auction systems in use today are custom applications, the research company said. "Wholesalers and distributors are starting to recognize an online auction is not only a viable option, but a promising one," said Michael Brader-Araje, OpenSite's president and CEO. "There's no reason to build these systems in-house." That is a 30 fold increase within the next 3 «- 4 years. A repost of a New York Times article Message 4699194 Chalk up another convert to the brave new world of business-to-business Internet auctions. They are already growing common for commodities like oil and gas. And now, a whole new industry is forming around the idea that business people are as likely to bid electronically for machine tools and computer parts as consumers are to bid for sneakers and personal computers. "Auctioneers without Internet auctions will be out of business in five years," A repost of a Wall Street Staffer article Message 5186622 The hunger for Internet stocks has spread to small on-line auction companies. Last week, Egghead.com's stock price more than doubled, rising 138%, or 12 7/16, to 21 after the Spokane, Wash., retailer reported better-than-expected revenue in its new on-line auction business for computers and electronic goods. Last year, Egghead became one of the first companies to close its brick-and-mortar shops and move completely to the World Wide Web. And the field is growing more crowded as investors continue to pour dollars into the Internet sector with little regard to value or earnings. Onsale, a Menlo Park, Calif., auction company that specializes in computer-equipment transactions for businesses, has seen its share price skip ahead 23.9% for the year although analysts estimate it will post a loss of 68 cents per share during 1999. Last week, Creative Computer announced it would sell to the public a 20% stake of its Internet auction unit, uBid. And eBay, which runs another popular site, is also considering an initial public offer, people close to the company say. What is the most interesting to me about this and the recent success of Egghead (EGGS) is that AWEBwill now be in the business of online sales of over 100,000 software titles. For a point of comparison: AWEB - Web design services 9 employees Contracts growing at present plus other services Active news releases Stock: .50 WEBY - Web design services 5 employees Contracts with some major companies Hard to source information Stock 6 months ago .18 3 months .75 today 07/24 a new high to $8 ______________________________________________________________________ Company Financials and stock potential Balance Sheet from Investor Package. Remember, this represents the company after only 2 months of business in 1997 when the web site Going Once had only been up for 2 months and was brand spanking new. The rest of the year was a total development phase. AlinetServices-com Corp. Consolidated Balance Sheet December 31, 1997 (Unaudited) Assets Current Assets Cash $485,411 Accounts Receivable Inventory 5,142 Inventory 101,875 Other current assets 11,250 Total current assets $603,678 Plant and Equipment-net 29,030 Total Assets $632,708 Liabilities and Shareholder's Equity Current Liabilities Accounts Payable $38,548 Income Taxes Payable 0 Current Portion of Notes Payable 0 Total current liabilities $38,548 Long-Term Debt $0 Total Liabilities $38,548 Stockholders Equity Common Stock-Par Value $ .001 (50,000,000 authorized, 5,850,000 issued and outstanding) $5,850 Additional Paid-in Capital 675,000 Retained Earnings/Loss (86,690) Total Stockholder's Equity $594,160 Total Liabilities & Stockholder's Equity $632,708 ______________________________________________________________________ Pros and Cons and Outstanding Questions associated with purchasing this stock IMHO Pros People that have used the site love it. Another Internet Stock. Competitors are trading in 20's and 30's. They have an infrastructure (software package) that they can sell or market to anyone doing web-based auctions Real underwriters, real lawyers, real accounting firm Cons: Prices on the GoingOnce site are not yet as good as OnSale. The company is vigorously changing this with better and broader agreements. Non-reporting as of yet but should have audited financials any day Questions: Need to determine how they plan on paying for acquisition of un-named Computer solutions company in New York Who has the rest of the OS and what is their disposition (i.e. Restricted ) ______________________________________________________________________ Company FAQ's The Company purchased a 'public shell' in April of 1997. A public shell is a Company that has made all the regulatory filing requirements of a public Company but one which has no ongoing business operations. The Company currently has approximately 7 million shares issued and outstanding. The Company currently has approximately 2.7 million shares in the public float The Insiders own approximately 1.8 million shares, or 25%, of the outstanding stock. (Insiders include Officers, Directors and Management of the Company). The Company is currently a non-reporting Company. However, the Company has engaged accountants to audit its '97 financials and will report earnings for the first six months of 1998, ending June 30th, on or around July 31st. The Company's auditors are Berkowitz Dick Pollack & Brant, out of Miami, Florida. The Company's Transfer Agent if Interwest Transfer Co., out of Salt Lake City, Utah. The Company's SEC counsel is Eric P. Littman, Esq., Florida, and the Company's Corporate counsel is Carla Robinson, Esq., California. ______________________________________________________________________ Related or helpful links webstockwizards.com biz.yahoo.com | ||||||||||||||
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