Corporate Profile for Financial Intranet, Inc., dated Sept. 11, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: September 11, 1998
Company Name: Financial Intranet, Inc.
Address: 410 Saw Mill River Road
Ardsley, NY 10502
Main Telephone
Number: 914/693-5060
Internet Home
Page Address
(URL): www.fntn.com
Chief Operating
Officer: Michael Sheppard
Investor Relations
Contact: Harry McMillian/McCap, Inc.
Business number: 214/999-0550
Public Relations
Contact: Maura Marx
Business number: 914/693-2771
Trading Symbol/
Exchange: OTCBB: FNTN
Industry: Media & Financial Information
Market Makers: Fahnestock, Comprehensive Capital, WDCO, AVTG, NITE,
PGON, WIEN, HJMC, GVTR, HILL, FRAN, SHPE
Company description: The mission of Financial Intranet, Inc. is to offer an unprecedented array of up-to-the-second financial and business information from around the globe and provide enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; to the financial and business community, as well as to the individual investor, by linking them together through FNTN's all inclusive (theory) inclusive - In domain theory, a predicate P : D -> Bool is inclusive iff For any chain C, a subset of D, and for all c in C, P(c) => P(lub C) In other words, if the predicate holds for all elements of an increasing sequence then it holds for their least upper , secured network. To that end, FNTN has established a proprietary, secured real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , on-demand On-Demand refers to a service or feature which addresses the user's need for instant gratification and immediacy of use. In most cases the value proposition for an on-demand service is wrapped up in the fact that the user or consumer of the service avoids a significant up-front data and video transmission network. The network is designed to link subscribers, that is, selected Broker/Dealers and Registered Representatives, Independent Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and others, with FNTN's member Mutual Funds -- through FNTN's central data banks. FNTN is the financial community's premier secured Intranet connection for the delivery of real-time video-on-demand The ability to deliver a movie, sports event or other video program to a TV set whenever the customer requests it. Video-on-demand (VOD) typically refers to free and paid programs from the cable TV companies or the telephone companies that offer video over DSL lines. learning services, live interactive video teleconferencing See videoconferencing. , mutual fund product information, text documents such as prospectuses, and timely data, news and analysis. FNTN was formed as a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. and went public on Dec. 16, 1996. The company is in the process of filing a Form 10 with the SEC in order to be a fully reporting company. FNTN stock's 52-week low was .13 and 52 week high was $2.25. The stock is presently trading in the $1.30 area, with an average daily volume of 401,100 shares. CONTACT: Financial Intranet, Inc. |
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