**PNVN** Just recommended...REBOUND DUE IN BEATEN DOWN B2B IPO?
Might be worth DD-ing; these are beaten down bigtime.
Analyst just recommended looking at PNVN and HCEN, two beaten down IPO's hurt by tax loss selling; not the sexiest of plays but they are major players in their sectors and down big from their highs.
Year high: $20-1/4 year Low: $7.50 current: $8.37
PNVN: Strategic alliances with Volvo Trucks, Cummins Engine Company and PACCAR. Recently announced $10M agreement with Paccar; trucking industry is a huge multi-billion industry.
(PR NEWSWIRE) PNV and Paccar.com Announce Agreement to Form Strategic Relationship
CORAL SPRINGS, Fla., Dec. 2 /PRNewswire/ -- PNV Inc. (Nasdaq: PNVN), the leading provider of bundled telecommunications, cable television and Internet access services to truck drivers in the long-haul trucking industry, announced that it is forming a strategic relationship with Paccar.com, the Internet division of PACCAR (Nasdaq: PCAR), a lead manufacturer of high quality light-,medium- and heavy-duty trucks.
PNV has received a $10 million investment from Paccar.com as part of PNV's recent Initial Public Offering.
(partial story...not full release)
**** Company Overview PNV is the leading provider of bundled telecommunications, cable television and Internet access services to truck drivers in the privacy and convenience of their truck cabs. In addition to truck drivers, we offer our telecommunications and Internet access services to other participants in the trucking community, including trucking fleets, truckstop operators and trucking industry suppliers and manufactures.
We believe the Internet will become a significant communications and commerce medium for the trucking community. In October 1999, we launched our portal website and through it we are creating content for the entire trucking community, including drivers and their families, industry suppliers and manufacturers, truckstop operators and trucking fleets.
Our objective is to capitalize on our position as the leading provider of bundled telecommunications, cable television, and Internet access services to truck drivers and our relationship with others in the trucking community, to become the preferred provider of communications and Internet information solutions for the entire trucking community.
Our Products PNV's product offerings are designed to connect drivers, long-haul trucking fleets, truckstop operators, advertisers and trucking industry suppliers. We currently offer: In-cab telecommunications and cable television; Internet access as an Internet Service Provider; and prepaid phone cards, public phone operations and public Internet kiosks for truckstop owners. We offer advertising for industry suppliers and other industry participants through our cable channel known as the Driver's Entertainment Network (DEN), our monthly television programming guide and lifestyle magazine, Connect!, our portal website and our voice response system.
Our Strategy We intend to continue to deploy our network in additional truckstops and increase subscription sales, extend our brand recognition, expand our entertainment services and maximize our strategic relationships. By providing a leading trucking industry portal website, we intend to improve the lifestyles of drivers and their families and the trucking industry's work efficiencies.
Product Applications Our products will enable business-to-business electronic commerce applications for fleets, drivers and industry suppliers to exchange information and conduct transactions, such as load posting, freight matching and classified ads. We also are creating business-to-consumer electronic commerce applications to enable drivers and constituent groups to purchase goods and services for their personal and occupational use.
PNV's networks and publications provide advertising opportunities that allow advertisers to market their products, provide links to their websites and target the driver market which has unique demographic characteristics. Our portal includes specialized content on a wide variety of subjects of interest to the trucking community and those who interact with the industry. One such example is the "lifestyle" segment that provides truck drivers with interactive tools and services to personalize their on-line experience, including e-mail, chat rooms, news, weather and games.
Strategic Relationships Establishing and maintaining strategic relationships is a key part of PNV's business strategy. PNV has entered into long-term contracts with approximately 450 of the approximately 1,100 full-service truckstops across the country. We also have contracts with trucking associations representing more than 300 additional truckstops that permit us to offer our services to their members. In addition, we have entered into strategic relationships with truckstop operators and industry suppliers such as Travel Centers of America, Pilot Corporation, Volvo Trucks, Cummins Engine Company and PACCAR. |