INS.V - internet incubator. News out. To me it looks like a sleeper ready to pop. This is going to be the next internet incubator play. That is their game plan. I called their IR dept and they said to hold on and be patient. Today's news is incredible. It shows INS.V will go up big in the upcoming weeks once the DD is done. I am excited about this company. It hasn't moved up yet and once the news comes out this will pop big. This is the time to accumulate. I like a press release that informs you of huge news before it comes out. Do your DD - here is website link and news:
Monday February 7, 8:08 am Eastern Time
Company Press Release
Inlet Resources Performing Due Diligence On Business-to-business E-commerce Opportunity
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 7, 2000--Inlet Resources Ltd. announced today it is proceeding with due diligence on a potential acquisition of an existing Internet opportunity.
``If due diligence is satisfactory, an agreement could be concluded and announced within several weeks,' said Inlet Vice-President and director, Mike Magrum.
Since its announcement on August 18, 1999 of its decision to look for an e-commerce acquisition opportunity, the Company has focused its search on fully developed business-to-business web-based enterprises. ``Recent trends in e-commerce clearly demonstrate that the most successful model uses the Internet to help existing business become more efficient. Many such sites have quickly become revenue-generating and have demonstrated profit-making potential, unlike consumer-oriented (e-tailing) sites where profit generation has proved to be elusive,' Magrum said. ``We have placed our emphasis on acquiring a fully-functional portal in a high volume industry where many broadly dispersed buyers and sellers can be brought together efficiently for a small transaction fee. In our view, that's where the e-commerce value proposition has the most pay off.'
ON BEHALF OF THE BOARD ``Mike Magrum', Director
For further information please contact: Mike Magrum or Walter Clemens, Directors Tel: 604/669-0115.