Business Services Industry
EquityAlert.com Announces Investment Opinion, No. 1
Business Wire, Nov 10, 2000
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued
by EquityAlert.com
VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 10, 2000
EquityAlert.com (OTCBB:EINC)
Network Engines Loses 50.48% On News Of Results, Acquisition
EquityAlert.com, Inc. (www.EquityAlert.com), one of the largest re-distributors of public company and mutual fund news alerts, today forwarded free real time news alerts on a wide range of NASDAQ stocks.
Among the active issues available to our real time news alert subscribers on Thursday, November 9th, were Network Engines Inc. (NASDAQ: NENG) and Pinnacle Holdings Inc. (NASDAQ: BIGT).
Network Engines Inc. lost 50.48% after it announced financial results for the year ended September 30, 2000. Net loss attributable to common stockholders was $20.6 million, or $1.99 per share for the year, compared to $6.1 million, or $1.83 per share for the year ended September 30, 1999. The Company also announced it has acquired Austin, Texas-based IP Performance, Inc. in a stock-for-stock transaction in which shareholders of IP Performance will receive an aggregate of 450,449 shares of Network Engines stock.
Pinnacle Holdings Inc. issued a press release announcing financial results for the third quarter ended September 30, 2000. The net loss attributable to common stock shareholders for the quarter was $39.0 million (including nonrecurring charges totaling $10.3 million), or $0.80 per share, compared to $15.5 million, or $0.40 per share, for the same period in 1999.
Additional recent press releases on active issues included Ames Department Stores Inc. (NASDAQ: AMES), Engage Inc. (NASDAQ: ENGA) and DoubleClick Inc. (NASDAQ: DCLK).
EquityAlert.com's real time public company news alerts is a free service that allows pro-active investors to receive email news alerts on the stocks they own or plan to own, thus allowing them to take advantage of potentially significant price moves that often follow time-sensitive news announcements.
For more information on these and other actively traded issues on all major US markets, please visit our Web site located at www.EquityAlert.com.
ABOUT EQUITYALERT.COM
EquityAlert.com, a wholly owned online asset of EquityAlert.com, Inc. (OTCBB:EINC), is one of the largest communities of online investors from around the world who receive real time news alerts on US and Canadian stocks, mutual fund news and information alerts, insider trading, earnings estimates and reports, broker consensus opinions, SEC filings, IPO information alerts and much more.
EquityAlert.com's real time public company news alerts are a free service that allows pro-active investors to receive email news alerts on the stocks they own or plan to own, thus allowing them to take advantage of potentially significant price moves that often follow time-sensitive news announcements.
For additional information about EquityAlert.com, please visit our Web site at www.EquityAlert.com or contact Gurm Kundan at 604-659-5009.
DISCLAIMER
This press release may not contain the full text of the press released or report issued by or about the named companies; moreover, although the summary herein is derived from, and subject to all disclaimers contained in, the press release as provided to us by third party sources believed to be reliable, we make no representation or give any assurance as to the accuracy or completeness of either the summary contained herein or the material upon which such summary is based; accordingly, all information contained herein about such companies should be independently verified by you. We are not an investment advisor and do not purport to suggest which companies our Subscribers should monitor, purchase or sell. This release is not intended to convey any investment advice; any designation of this release as an "Investment Opinion" is made not by us but by the entity distributing this release over which we have no control.
News alerts are only forwarded to our Subscribers as requested and only for informational purposes. Typically, in addition to the requested information about the company which our Subscriber is monitoring, the news alerts contain an advertisement describing a product, service or company for which we receive a fee, at our normal advertising rates of $55 per 1,000 alerts (subject to volume and other discounts) from the advertising company. One or more of the companies named in this release may have been or may be, at some future date, an advertising company.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, as amended by Public Law 104-67 and is subject to safe harbor created by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to continually expand its subscriber base and opt-in email lists, market its services to potential advertisers, the regulatory environment in which the Company operates, future acceptance of the Company's services, and other factors described in the Company's filings with the Securities & Exchange Commission.
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