Hey try this one for a gap up - VCAT|
VCAT - next CMGI read article - get in for gap up tomorrow.
Venture Catalyst Named to the Internet Stock Review Watch List for Year 2000
SAN DIEGO, Feb. 7 /PRNewswire/ -- Venture Catalyst Incorporated (Nasdaq: VCAT - news), a full-service consultant and incubator for emerging Internet businesses, announced today that it has been added to the Internet Stock Review ``Watch List' for 2000.
``We are pleased to have been recognized as one of the Internet Stock Review's well-respected 'Top 20 Internet Stocks To Watch for Year 2000,' said Sanjay Sabnani, Executive Vice-President and Chief Investment Officer of Venture Catalyst.
The Internet Stock Review Online is an online newsletter designed to give broad coverage to Internet related publicly traded companies.
Roland Perry, editor of the Review stated, ``In January of 1998, we added a little-known company named CMGI to our Watch List -- an Internet incubator, which at the time was a term little known to Wall Street. We defined it as 'Something like a closed-end venture-capital fund of Internet stocks, a long-term keeper and one of the review's favorites.' Since that time the stock has increased 6,800% in value, splitting from its original $29 share level, 16 times from a split adjusted cost basis of $1.85, to over $125.
Perry continued, ``Our Review is always designed to permit investors to ... you guessed it, begin their due diligence. We have obviously spent a great deal of time trying to find another Net Incubator worthy of our subscribers' attention, and we believe we have found it in Venture Catalyst.'
``In a sense, Venture Catalyst was one of the first 'incubators.' Ten years ago, the company helped fund and consult to a Native American Tribe which operated a small bingo hall. With Venture Catalyst's assistance, the Tribe has developed into a major gaming operator which has returned in excess of $250 million to its original founders,' stated Perry.
Each issue of the Internet Stock Review aggregates and reports on New Buys & Sales on Wall Street, coverage initiated or dropped on Wall Street, Big Movers, Earnings (or lack of) reports, news and/or press releases from Business Wire or PR Newswire, news from industry press or trade journals, news from traditional media outlets. In addition, the Review annually names its Top 20 Stocks to Watch for the year. Individuals wishing to find out more about the other 19 stocks on this year's ``Watch List' can receive information by visiting the Review's site at www.internetstockreview.com.
In his assessment of Venture Catalyst, Perry stated: ``We consider Venture Catalyst's arrival to the Internet to have begun on August 17th of 1998 when it acquired Cyberworks, Inc., a leading Web development and design firm that lists Variety, the University of San Diego, Sony, Trimark Pictures, Peterson Publishing, NASA, WD 40, GT Bicycles and many more among its clients.'
Perry continued, ``We are continually impressed with Venture Catalyst's selection of Internet investments. On September 7th of 1999, the company announced an investment in Media Cycle, which is the majority owner of Spun.com, a leading Internet destination for buying, selling and exchanging used and new CDs using proprietary algorithms to monitor and regulate its pricing and inventory. On September 30th Venture Catalyst made an Investment in KINeSYS Pharmaceutical Inc. and announced the unveiling of its own 20,000-square-foot incubator facilities, which we had the pleasure to visit this week. On December 1st, the company announced an investment in CraftClick.com, a global online Arts & Crafts community which offers free commerce enabled home pages and free e-mail. On December 4th, the company announced an investment in CompanyFinance.com, a Silicon Valley-based Internet capital-matching firm for leading financial institutions and middle market borrowers. On December 6th, the company announced an investment in Ultrexx, a premier provider of Web sites and Internet systems development, including software which enables a Web user to complete e-commerce transactions within a banner advertisement without ever leaving the original host site.
``And Venture Catalyst has continued to make promising moves this year,' said Perry. ``On January 18th the company announced an investment in Bullet Point News, operator of MBABulletPoint.com, an Internet portal for MBA students at 40 leading institutions which has additionally been funded by Ignatio Partners and Garage.com. On January 27th, the company announced that Working Women Network retained its Cyberworks division to build its online presence. Finally, on February 1st, the company announced the acquisition of WebInc. the operator of WebIncubate.com., a recently-organized Internet incubator for San Diego County.'
``We will be reporting on the progress of Venture Catalyst from a corporate standpoint during the year in our regularly issued weekly newsletter.'
ABOUT THE INTERNET STOCK REVIEW ONLINE.
Each issue of the Internet Stock Review includes hyperlinks to the news origination source for full coverage. The newsletter additionally reports on the availability of streaming audio/video profiles, press releases, shareholder conferences and interviews with senior management of the companies covered.
The InternetStockReview.com Web site, like the company's Online newsletter is devoted to coverage of Internet related publicly traded companies. The site provides direct links to the Web sites of companies covered and additionally provides links (for covered companies) to Stockmaster for quotes and charts, FreeEdgar for SEC filings, Big Charts for interactive charts, AV Newswire for streaming audio/video profiles, press releases and management interviews when available, Yahoo Finance for press releases from both Business Wire and PR Newswire, Hoover's for corporate profiles when available and the Silicon Investor for chat.
When subscribers arrive at the site (after sign up), they will find logos for each ``Watch List' stock. Clicking on one of the logos takes subscribers to a second page where they can easily click their way to a variety news or quotation providers.
ABOUT VENTURE CATALYST.
Headquartered in San Diego and with offices in Santa Monica, Calif., Venture Catalyst Inc. (www.vencat.com) is a full-service consulting company. Through its Venture Catalyst division, the company serves the strategic and growth needs of private and public technology companies. Venture Catalyst Inc. provides investor relations, public relations and marketing, strategic planning, state-of-the-art incubation facilities, as well as comprehensive Web development services through Cyberworks Inc. (www.cyberworks.net), the company's wholly-owned subsidiary.
SOURCE: Venture Catalyst Incorporated