Bensen Capital Announces Investment Opinion on The Internet Advisory Corporation.GREENWICH, Conn.--(BUSINESS WIRE)--Jan. 25, 1999-- For Detailed 4 Page Report, Please Visit the Web Site of The Internet Advisory Corporation at http://www.theinternetcorporation.com/bensen. Bensen Capital Management, Inc. announced that it has initiated coverage of The Internet Advisory Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on BB: PUNK) with a buy recommendation based on the explosion of revenues which will take place in fiscal year 1999. We see the price of PUNK rising from its current price of $7.00 to between $20 and $25 per share. The full text of this report can be viewed at http://www.theinternetcorporation.com/bensen. L. Christopher Bensen, President of Bensen Capital stated, "We are pleased to be initiating coverage of PUNK following a two day meeting with management. We feel that the stock is currently undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. versus other stocks in the sector and is currently a low risk play in a very high risk Internet environment." The Internet Advisory Corporation (http://www.theinternetcorporation.com) is an international Web Site programming design and hosting company working with small, medium and large corporations. Along with the programming and designing of Web Sites whose specifics include: E Commerce Solutions, Online Marketing, Cross Linking with Existing Advertisers, Search Engine Listings, Material Publishing, Cooperative Links and Internet Advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. , PUNK uses T-3 fiber optic lines with high speed servers piped directly into the backbone of the Internet for the fastest possible access. Its host facility (http://www.hostfacility.com) includes Individual E-mail accounts, High Speed Servers, and Redundant (i.e.: 3 separate lines) T-3 links to the Internet. Each T-3 link is 30 times faster than a T-1 link used by most companies. Added features include Video using VDO VDO Vereinigte DEUTA-Ota (Villingen, Germany; gauge manufacturer founded 1929) VDO Varus Derotation Osteotomy VDO Very Distant Object(s) VDO Voltage Drop-Out VDO Video Data Organization , Real Video and No-Downloading Technology, Audio using Real Audio and True Speech, SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. Data Support, Shopping Carts, 24 Hour Emergency Back-Up Power, Custom CGI Scripts supported ; C, Pearl, Java Supported, Secure (SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. ) Transactions for Credit Sales, Auto responders and Statistical & Marketing Analysis. Excerpts from the Bensen Capital Report on PUNK follow: -- Unknown Internet Company which is well positioned in the robust web site design and global web hosting markets. -- PUNK expecting client base to expand by 150% based on domestic demand and strategic alliance with Xin Net Corp., a mainland China Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . -- Within 60 days, PUNK sees a 5,000 hosting client base with potential growth being 50,000 in a 6 month period. -- PUNK has no debt and about $1.25 million of cash on its balance sheet. -- Expects revenues to grow conservatively from $300,000 in 1998 to $5 million in 1999. Bensen Capital Management, Inc. is a venture capital and financial advisory firm focused on identifying emerging growth companies in sectors that offer compelling investment opportunities over the long term. Bensen provides a fully integrated package of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services including corporate finance, M&A Advisory, Strategic Partnering, Private Placements and Communication Consulting. The information contained herein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). Bensen Capital Management, Inc. and its affiliates may trade for their own accounts as odd-lot dealer Odd-lot dealer A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots. odd-lot dealer , market maker, block positioner block positioner A securities dealer who is willing to take a large long or short position in a stock or bond. The block positioner expects to profit on a position by selling at a price higher than the one at which the block was purchased but will often , specialist and/or arbitrageur Arbitrageur A type of investor who attempts to profit from price inefficiencies in the market by making simultaneous trades that offset each other and capture risk-free profits. in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. Bensen Capital Management, Inc., its affiliates, directors, officers, employees and employee benefit programs may have long or short positions in any securities of this issuer(s) or in related investments. Bensen Capital Management, Inc. or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report. |
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