SI
SI
discoversearch

   Microcap & Penny StocksEqualnet Holdings -- ENET


Previous 10 
To: stock leader who wrote (36)3/1/1999 8:27:00 AM
From: Joe Copia
   of 47
 
Seen this before--ENET's goin' Chapter 11

What sort of proof do you have?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Logistics who wrote (37)3/1/1999 8:50:00 AM
From: ErnestPoe
   of 47
 
I am with you Logistics. I feel there is much more upward momentum left in ENET. I will be holding long.

Share RecommendKeepReplyMark as Last Read


To: ErnestPoe who wrote (34)3/1/1999 2:43:00 PM
From: Karl Zetmeir
   of 47
 
No one thinks ENET gave away a bit much ... 2.5 million shares ... for Intelesis?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Karl Zetmeir who wrote (40)4/7/1999 3:29:00 PM
From: CaraMia
   of 47
 
BIG NEWS..
WAKE up out there its time to rock
HOUSTON (April 7) BUSINESS WIRE -April 7, 1999--Equalnet Communications Corp. (Nasdaq: ENET) announced today that they intend to acquire Network Communications Solutions, LLC ("NCS") a privately held Internet service provider, Web host and design firm based in Modesto, Calif.

NCS is an Internet e-commerce enabler that provides turn-key e-commerce solutions for network marketing organizations by providing individual network marketing consultants with personal e-commerce enabled web pages. NCS facilitates network marketing companies' creation of virtual communities for their members and also develops unique software applications tailored to individual requirements. NCS currently has contracts with approximately 20 network marketing companies, which have approximately one million distributors in the U.S., Canada and Europe.

Industry sources indicate that there are over 20 million people associated with the thousands of network marketing companies in the United States, and that retail sales through network marketing are over $20 billion annually. In addition to serving network marketing companies, NCS also develops and provides Web enabling e-commerce solutions for affinity groups

According to Forrester Research, a technology analyst and research firm, the market for Web and application hosting services is projected to grow to $15 billion in the year 2002, from just under $1 billion in 1998. By 2003, U.S. e-commerce is projected to leap beyond $1.4 trillion in sales.

"We believe this acquisition will bring us preferred access to cross-sell our suite of telecom products and services to member companies and their network marketing consultants," said Mitchell Bodian, president and chief executive officer of Equalnet. "Additionally, we intend to use our established distribution channels to offer the complete range of Internet products and services provided by NCS to our existing subscriber base."

"This is a further step in the evolution of Equalnet away from its origins as a long distance reseller and toward more dynamic and rapidly growing niche markets with innovative products and services. The Internet represents the ultimate wide area network (WAN) and telecommunication providers should naturally address integration of voice and data communication, WAN system development and e-commerce software solutions. Combining NCS' strengths with those of Equalnet allows us to rapidly introduce turn-key Internet communications solutions to vertical niche markets."

Don McNely, founder and chief executive officer of NCS added, "We have a proven business model that combines rapid Internet growth with defined market niches - network marketing companies and affinity groups. The acquisition of NCS by Equalnet should permit us to operate more efficiently, accelerate the growth of our client base, offer a complete range of Internet and other telecom services and provide unique software e-commerce solutions to our customers."

Total consideration for the acquisition will be $1 million of Equalnet stock to be paid at closing, plus Equalnet stock equal to five times the average monthly revenue of NCS at the end of the first year following the acquisition. Closing of the transaction is expected to occur before the end of April and is subject to definitive documentation and approval by the Board of Directors of Equalnet. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact included in the press release, including without limitation, Equalnet's business strategy, plans and objectives, and forward-looking statements. Although Equalnet believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such explanations will prove to be correct. Numerous factors could cause actual results to differ materially from Equalnet's expectations, including without limitation, general economic and competitive factors, and the possibility that the acquisition of NCS by Equalnet will not be consummated. Additional risk factors are discussed in Equalnet's Annual Report on Form 10-K for the year ended June 30, 1998, which is on file with the Securities and Exchange Commission. Readers should carefully review the cautionary statements and risk factors described in documents filed by Equalnet from time to time with the Securities and Exchange

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: CaraMia who wrote (41)10/30/1999 8:12:00 PM
From: Chartgod
   of 47
 
CaraMia, you still following this one please?

thx...jim

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Chartgod who wrote (42)11/1/1999 8:55:00 AM
From: CaraMia
   of 47
 
No sorry I am not...Best to you

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: CaraMia who wrote (43)11/24/1999 3:08:00 PM
From: John T. Hardee
   of 47
 
Visual Data Corporation to Launch TheFirstNews.com Internet-Based Investor Service on Monday
- Streaming Audio Broadcast to Begin Monday -
- National Advertising Campaign to Include Wall Street Journal, New York Times, USA Today, Barron's and Investor's Business Daily -
POMPANO BEACH, Fla., Nov. 24 /PRNewswire/ -- Visual Data Corporation (Nasdaq: VDAT - news), a leading creator of original multi-media content for the Internet, today announced it will launch TheFirstNews.com (TFN), the Company's new Internet-based audio information service for the investor community on Monday, November 29, 1999, starting at 8:30 a.m. ET. Users of TFN will receive breaking corporate news releases in streaming audio based on their preferences, giving subscribers corporate and industry news announcements faster and more efficiently than existing news services.

etc......

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: John T. Hardee who wrote (44)11/30/1999 12:35:00 PM
From: CaraMia
   of 47
 
thanks doll...been busy..best to you..

Share RecommendKeepReplyMark as Last Read


To: Joe Copia who wrote (38)3/11/2000 7:22:00 AM
From: ChrisJP
   of 47
 
Hi Joe,

ENET seems to be coming alive based on the financials they published in mid-Feb and their recent acquisition news. Lots of posts when ENET was under .30, but strangely, nothing recent. Could be worth taking a position in when williams%r signals a short term bottom.

If you still track this stock, any info or thoughts you might have regarding ENET's prospects would be greatly appreciated.

Thanks,
Chris

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ChrisJP who wrote (46)3/16/2000 9:11:00 AM
From: Laura E.
   of 47
 
NEWS
Equalnet Receives Court Approval to Purchase ATCALL, Inc.
HOUSTON, March 15 /PRNewswire/ -- At a hearing conducted yesterday in U.S. Bankruptcy Court in Alexandria, Virginia, Equalnet Communications Corp. (OTC Bulletin Board: ENET) received the Court's approval to acquire substantially all of the assets of ATCALL, Inc., a long distance company selling both one plus service and prepaid telephone debit cards to major national retailers. Total consideration will be the assumption, on a basis that is non-recourse to Equalnet, of approximately $2.7 million of secured debt and the issuance of $250,000 of restricted Equalnet common stock. The transaction is expected to close on or before March 20, 2000. Mitchell H. Bodian, Equalnet's President and CEO, commented, "We are pleased that the Court approved our offer over two other competing bids. We expect that, by integrating ATCALL's operations with those of Equalnet, we can achieve significant overhead economies and operating efficiencies. We also hope to leverage ATCALL's existing relationships with major retailers to expand Equalnet's prepaid debit card business."

EqualNet is a nationwide supplier of telecommunications services headquartered in Houston, Texas. The Company provides a comprehensive array of discounted long-distance and other telecommunications services.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934. Although Equalnet believes its expectations are based on reasonable assumptions it can give no assurance such assumptions will materialize. These statements are based on current expectations subject to risks and uncertainties. Actual results will vary because of factors such as customer attrition, increased price competition, litigation, and other issues discussed in the Company's Form 10-K and other filings of the Company with the S.E.C.


--------------------------------------------------------------------------------
SOURCE: Equalnet Communications Corp.
CONTACT: Mitchell H. Bodian of Equalnet Communications Corp., 281-529-4602

Share RecommendKeepReplyMark as Last Read
Previous 10 

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.