| To: TokyoMex who wrote () | 1/26/2000 3:37:00 PM | | From: Dr. Microcap | | | |
Casino Journal Announces Equity Stake in ByeByeNOW.com
LAS VEGAS, Jan. 26 /PRNewswire/ -- Casino Journal Publishing Group, Inc. (OTC Bulletin Board: CJPG) today announced the signing of a long term advertising agreement with ByeByeNOW.com, an interactive network of websites, and franchise travel agents for the sale of vacation products. The agreement, the largest in the Company's history, calls for ByeByeNOW.com to advertise on a monthly basis in the Company's Casino Player and Strictly Slots consumer gaming magazines.
Casino Player and Strictly Slots are part of a consortium of magazines which ByeByeNOW.com has agreed to advertise in as part of their national marketing push. As a result of the agreement, Casino Journal Publishing Group will receive an equity stake in ByeByeNOW.com. ByeByeNOW.com recently announced the signing of definitive agreements to acquire Integrated Marketing Professionals and Aviation Industries. The acquisition will close at the time of ByeByeNOW.com's Initial Public Offering which is expected during the second half of 2000. ByeByeNOW.com also recently announced the hiring of former NBC News Senior Executive Guy Pepper as Chief Executive Officer.
Commenting on the new agreement, Casino Journal Publishing Group, Chairman and Group Publisher Glenn Fine said, "It is with great pride that we announce the largest advertising agreement in the Company's history. We will provide over $700,000 in advertising in exchange for equity in this new specialty Internet travel company. This is part of our strategic plan to invest in Internet e-commerce companies which we feel could provide great returns for the Company and our shareholders in the future. We have the massive readership that start-up e-commerce companies desperately need and depending on the viability of the company, we are willing to accept equity for their advertising. In recent months, CJPG has received equity interests in e-commerce Internet companies such as SoftNet Gaming, Players Network (OTC Bulletin Board: PNTV), Virtual Gaming Enterprises (OTC Bulletin Board: VGAM) and now ByeByeNOW.com in return for content, advertising or services. Our investment portfolio now is worth approximately $0.50 per share based on today's current prices of the publicly traded issues and the valuation of the services to the still private companies."
Alan Woinski, President and CFO of Casino Journal Publishing Group added, "In recent months, we have begun to focus our attention on gaining equity interests in emerging companies. We have strict criteria for these investments in that if it is a private company, we must have a comfort level that they will soon be publicly traded. We expect that in the future, these investments we are making could provide great value to our Company and our shareholders. We feel that our status as the largest casino and gaming publisher in the world will assist us in increasing our investment portfolio in the future through joint ventures and consulting, licensing and marketing agreements."
Casino Journal Publishing Group, Inc. publishes Casino Journal, the company's flagship magazine, and the most widely read trade publication serving the gaming industry; the National Gaming Summary, an extensive weekly newsletter that provides up-to-the-minute gaming news; the Gaming Industry Weekly and Daily Reports and the Daily Lodging Report targeting gaming and lodging executives and investors.
For the gaming consumer, CJPG publishes Casino Player and Strictly Slots, the nation's largest circulation consumer gaming publications, and the Atlantic City Insider, which targets the frequent Atlantic City gambler. The Company also produces the American Gaming, Lodging and Leisure Summit in conjunction with Bear Stearns & Co. and the law firm of Lionel Sawyer and Collins; the Southern Gaming Summit with the Mississippi Casino Operators Association; the Atlantic City Chamber of Commerce Business Expo, the Northern Gaming Summit in conjunction with the Michigan law firm of Fraser Trebilcock Davis & Foster and Bear Stearns & Co. and UNLV Casino Ops trade shows. Safe Harbor: Certain statements in this press release, including statements regarding the anticipated development and expansion of the Company's business, and the intent, belief or current expectations of the Company, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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SOURCE: Casino Journal Publishing Group, Inc.
CONTACT: Alan R. Woinski of Casino Journal Publishing Group, Inc., 201-599-8484 |
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| To: TokyoMex who wrote () | 2/8/2000 12:44:00 AM | | From: etcobbe | | | |
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.
Website: inlet-resources.com |
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| To: TokyoMex who wrote () | 2/8/2000 3:38:00 PM | | From: etcobbe | | | |
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 |
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