**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
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)
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
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.
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.
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
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
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.