Access 1 Financial Issues Buy Recommendation for eLinear.Business Editors, High-Tech Writers DENVER--(BUSINESS WIRE)--Jan. 18, 2000 eLinear, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Kinetiks.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KNET KNET Kyrgyzstan Seismic Network ), announced today that Access 1 Financial, a California-based company, issued a buy recommendation for eLinear with a 12-month price target of $18 per share. eLinear is a full-services Internet consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , offering e-commerce consulting, design, and development services to clients ranging from Fortune 500 corporations to startup dot com dot com - com enterprises. Since 1997, eLinear has focused on maximizing its clients ROII ROII Return on Internet Investment , Return on Internet Investment. Additional information is available at www.elinear.com or by calling 303/543-1408. The initial coverage of eLinear by Access 1 Financial noted that "eLinear has demonstrated success from its unique business model, aimed at targeting both small to medium sized businesses and Fortune 500 companies, in second tier Internet markets." "Additionally, eLinear's future growth will be driven by four principal factors: (1) extending its existing customer base to include new clients of both the small-to-medium size and Fortune 2000 firms; (2) aggressively expanding into new markets in the second tier of Internet growth through traditional means, as well as through mergers and acquisition; (3) developing new technical analysis and design solutions as the Internet and e-commerce are further developed and refined; and (4) providing market superior products and services at competitive cost." The report also suggested the use of turnkey See turnkey system. products and templates to smaller businesses allowing eLinear competitive advantage in providing technically superior services at affordable cost. This, and the Company's position in regional markets, creates significant barriers-to-entry for competitors. Access 1 Financial's also included statements regarding eLinear's investment potential, noting, "eLinear is currently embarking on an aggressive new program of regional expansion. Driven by its considerable operating success in the Denver second-tier market, the Company plans to expand into three new markets in Q1 and Q2 of 2000. eLinear plans to enter these new markets through two means: acquisition or mergers with existing regional companies and the "salesperson" driven approach. eLinear is currently planning three mergers and acquisitions in Q1 2000. The Company will fuel these acquisitions and mergers with proceeds from a secondary stock offering currently planned for Q2 2000, as eLinear plans to enter the Nasdaq Small Cap Market." For a complete copy of the buy recommendation on eLinear, please contact Access 1 directly at 310/581-7997. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning long-term sales and income. This information should be read in conjunction with cautionary statements contained in Kinetiks' 10K. |
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