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PR Newswire Takes Aim at “Ticker Spamming” Practices Hollywood, CA-Emerging Company Report, the nationally syndicated television program which profiles emerging-growth companies (http://www.emergingcompany.com), features interviews this week with PR Newswire and SecurFone America, Inc. (OTC-BB: SFAI). PR Newswire VP of Sales and Service Dave Armon described the practice of “ticker spamming”. “A press release will be issued with news about a particular company, usually a small one”, he said. “Later in the same press release, there may be erroneous references to much larger companies that have nothing whatsoever to do with the smaller company, but those references are placed there in the hope the story will be indexed to the stock quotes of the larger companies. PR Newswire has taken an aggressive position to omit such references from releases we publish. In some cases we actually remove offenders from our membership.” Paul Silverman, CEO of SecurFone America, Inc. talked about his company's recent pursuit of a new strategic objective. The company sold certain prepaid cellular assets to Teledata World Services, Inc (OTC-BB: TWOS) for cash and Teledata common stock. SecurFone is now concentrating on providing Internet-based, e-commerce service to the travel information services industry with their RFP ExpressTM product, which can streamline the existing process, reducing the time spent from as much as six months to as little as 24 hours and providing costs savings up to 70%. Previously featured companies whose progress is updated on Emerging Company report this week include; Itronics, Inc. (OTC-BB: ITRO) CEO Dr. John Whitney displayed a five ounce bar of silver which his company manufactured from photochemical waste fluids. Workfire.com (OTC-BB: WKFR) President Tom Taylor discussed the growth of the Internet caching market, which is projected to leap from being a $200 million industry in 1998 to over $3 billion in 2002. AutoTradeCenter.com (OTC-BB: AUTCE) CFO Roger Butterwick explained his company's Internet site, which enables car dealers to buy and sell pre-owned inventories over the Internet. ProCyte Corporation (OTC-BB: PRCY) describes itself as a leader in copper peptide technology, marketing skin care products which include anti-aging benefits. Also: ISM Holding Corporation (OTC-BB: ISMH), M & A West, Inc. (OTC-BB: MAWI), Micro-Laboratories, Inc. (OTC-BB: MLAR), Consolidated Data, Inc. (OTC-BB: CSDD), Itronics, Inc. (OTC-BB: ITRO), Creative Hosts Services Intl., Inc. (Nasdaq: CHST), Twistee Treat Corporation (OTC-BB: TWTE) and Saf-T-Hammer Corporation (OTC-BB: SAFH). Viewers of Emerging Company Report can receive free information in the mail about featured companies by calling a toll-free phone number on their TV screen. The television program, which debuted in the Fall of 1996 is seen Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 2:00 PM ET, 11:00 AM PT and Sunday mornings at 11:30 ET, 8:30 PT. The program is available to 24 million cable tv homes in more than 150 cities nationwide. The program can also be viewed "On-Demand" at the Emerging Company Report web site, emergingcompany.com. Emerging Company Report television program, Copyright 1999, all rights reserved. Emerging Company Report does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. Emerging Company Report has been paid a cash fee of $9,500.00 by the featured companies, does not accept company stock as payment for services, does not hold positions in featured companies and the information herein is not an endorsement of the producers, publisher or parent company of Emerging Company Report. | ||||||||||||
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