TheSUBWAY.com Announces Investment Opinion on iToo Corp.com., MCK Communications, Inc., Rhythms NetConnections Inc., PhotoMedex, Inc. and Information Architects Corp.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by TheSUBWAY.com. WESTON, Fla.--(BUSINESS WIRE)--May 10, 2001 TheSUBWAY.com releases the following investment opinions on iToo Corp.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITOO), MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check Communications, Inc. (Nasdaq:MCKC McKC McKinsey Knowledge Center, India MCKC Maury County Kennel Club (Tennessee) MCKC Metropolitan Canoe and Kayak Club (New York) MCKC Michigan Council of Korean Churches ), Rhythms NetConnections Rhythms NetConnections Inc. (Former NASDAQ: RTHM) was in the business of providing broadband local-access communication services to large enterprises, telecommunications carriers and their internet service provider (ISP) affiliates and other ISPs. Inc. (Nasdaq:RTHM), PhotoMedex, Inc. (Nasdaq:PHMD) and Information Architects Corp. (Nasdaq:IARC). iToo Corp.com (OTCBB:ITOO) Previous Close Down 7% to .39 on volume 59,100 Shares ACCUMULATE iToo Corp.com (OTCBB:ITOO) just expanded its coverage to both the internet and Atlantic City. ITOO has made available the streaming media version of the Casino Connection Television show interview of i2corp.com President Chris Almida and i2corp.com's corporate gaming counsel Lloyd Levenson of Cooper Perskie April Niedelman Wagenheim and Levenson. ITOO is new to TheSUBWAY.com, and CRG CRG Centre for Research on Globalisation CRG Council for Responsible Genetics CRG Contingency Response Group CRG Citizens for Responsible Government CRG Corporate Renaissance Group CRG Columbia River Gorge CRG Consulting Resource Group CRG Columbia Resource Group is expecting good things from the company. CRG expects to see the stock trading over the $1.50 mark in the short term. ITOO also recently announced an update to the Nevada Legislation. Nevada Internet Gaming Bill AB296 Is Incorporated Into Companion Bill AB578 And Off To The Senate. ITOO has the inside track as Assemblywoman Merle merle a pattern of coat color pigmentation with dark, irregular blotches on a lighter background. Seen in some Collies and Welsh corgis. In shorthaired dogs, e.g. Great Danes and Dachshunds, the similar pattern is called dapple. Berman, R-Las Vegas, said she introduced the bill because she wants Nevada to be the first state to offer legal Internet gaming, just as it was the first state to legalize le·gal·ize tr.v. le·gal·ized, le·gal·iz·ing, le·gal·iz·es To make legal or lawful; authorize or sanction by law. le gaming, which occurred in 1931. The Nevada internet gaming bill just cleared the first big hurdle for i2Corp.com. Legalization LEGALIZATION. The act of making lawful. 2. By legalization, is also understood the act by which a judge or competent officer authenticates a record, or other matter, in order that the same may be lawfully read in evidence. Vide Authentication. will open a major US jurisdiction to i2corp.com's HGN HGN Horizontal Gaze Nystagmus HGN Mae Hong Son, Thailand - Mae Hong Son (Airport Code) method of wagering. The Bill will be subject to a floor vote this week and will then pass over to the Senate side of the Legislature. Richard Fitzpatrick, director of the Internet Business Alliance of Nevada (IBAN IBAN International Bank Account Number ), said: "That the first online casino gaming in Nevada would probably consist of live broadcasts of table games using video streaming, whereby digital TV images are beamed directly to home or office computers." MCK Communications, Inc. (Nasdaq:MCKC) Previous Close: Down 4% to $2.20 on vol. 1,667,100 Shares: ACCUMULATE MCK Communications, Inc. (Nasdaq:MCKC), a leading provider of distributed voice solutions that seamlessly extend the features and functionality of the corporate voice system to remote users over existing and next-generation networks, today reported that it expects revenue for its fourth quarter, ended April 30, 2001, to be between $5.5 million and $6 million. The numbers reflect the slowdown in enterprise capital equipment expenditures. "The economic environment facing the company continues to be quite challenging," said Glenda Davis, president and chief executive officer. "Though the downturn in the telecommunications market worldwide has caused many of our customers to delay their purchases, we believe that customer activity is beginning to rebound. Despite near-term weakness in the industry, we remain confident about the long-term growth potential of distributed voice solutions." MCK Communications recently announced a new distribution partnership with Tech Data Corporation, a global provider of IT products, logistics management and other 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. The partnership will make MCK's complete portfolio of distributed voice solutions available to Tech Data's network of more than 100,000 technology solution providers worldwide. MCK's distributed voice solutions enable companies to harness the power of their existing voice infrastructures while taking advantage of the cost-savings and benefits associated with deploying next-generation networks and applications. Rhythms NetConnections Inc. (Nasdaq:RTHM) Previous Close: Dn 17% to $0.43 on vol. 3,491,300 Shares: HOLD Rhythms NetConnections Inc. (Nasdaq:RTHM), an international provider of broadband communication services, announced operating results for its first quarter ended March 31, 2001. First quarter revenue increased 10.3 percent, to $19.0 million, as compared to 2000 fourth quarter revenue of $17.2 million. This is a significant increase over revenue of $6.3 million for the first quarter ended March 31, 2000. Earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset. Notes: An operating lease is not capitalized it is accounted for as a rental expense. expense versus $20.6 million of operating lease expense in the 2000 fourth quarter. After reducing the 2001 first quarter and the 2000 fourth quarter EBITDA loss for operating lease expense, Rhythms' EBITDA losses for the 2001 first quarter and the 2000 fourth quarter were approximately $92.2 million and $97.5 million, respectively. "Although Rhythms is dealing with difficult market conditions, it is important for our customers to know that while we continue to streamline our operations we also continue to provide a high quality of service to help them meet the growing demands of the broadband industry," said Steve Stringer, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Rhythms. Rhythms NetConnections Inc. provides DSL-based, broadband communication services to businesses and consumers. PhotoMedex, Inc. (Nasdaq:PHMD) Previous Close: Down 2% to $5.87 on vol. 1,087,300 Shares: ATTRACTIVE PhotoMedex, Inc. (Nasdaq:PHMD) recently announced the financial results for its first quarter ended March 31, 2001. Revenue for the quarter was $1,220,602. In the comparable three-month period for 2000, all revenues were from discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. and equaled $180,000. The net loss for the first quarter 2001 was $3,840,973, or $0.21 per diluted share, compared to a net loss of $3,109,691, or $0.23 per diluted share, for the first quarter of 2000. Included in the net loss for 2000 were losses from discontinued operations of $348,576, or $0.03 per diluted share. Jeff O'Donnell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "It is satisfying to see the XTRAC(TM) system building credibility within the dermatological community. We have clearly met our goals on unit placements, and I am encouraged by the initial usage rate per laser. The increase from the fourth quarter shows a positive trend and validates our marketing efforts. Our principal focus as we move forward in 2001 will be to: continue the momentum of our initial product launch, improve and refine the XTRAC(TM) system, continue the aggressive development of more treatment applications for our system, and achieve full reimbursement as rapidly as possible." The Company's XTRAC(TM) excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. system generating 308-nm UV-B UV-B or UVB Noun ultraviolet radiation with a range of 280-320 nanometres radiation is the first FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved laser treatment for psoriasis, which is the second most common skin disorder in the U.S. The National Psoriasis Foundation The National Psoriasis Foundation is a patient-driven, non-profit US-based psoriasis education and advocacy group. The National Psoriasis Foundation's mission is to improve the quality of life of the millions of Americans with psoriasis and/or psoriatic arthritis by promoting estimates that psoriasis afflicts more than 7 million Americans and that between 150,000 and 260,000 new cases are diagnosed each year. The XTRAC(TM) laser system is also the first FDA approved excimer laser system to treat vitiligo vitiligo or leukoderma Skin disorder manifested by smooth, white spots on various parts of the body. Though the pigment-making cells of the skin, or melanocytes, are structurally intact, they have lost the ability to synthesize the pigment. , a skin disease that, according to the National Vitiligo Foundation, afflicts approximately 1 to 2% of Americans. Information Architects Corp. (Nasdaq:IARC) Previous Close: Up 50% to $2.0 on vol. 829,300 Shares: ACCUMULATE Information Architects Corp. (Nasdaq:IARC), providers of XML-based real-time aggregation and syndication solutions for driving eBusiness across the Net, and MODCOMP MODCOMP Modular Computer Systems , Inc., a leader in eBusiness and mBusiness technology solutions, announced that they have formed a strategic alliance to offer broader solutions to their collective client bases. Under the terms of the agreement, MODCOMP will market iA's dynamic business integration software, SmartCode(R), to its clients who need to manage real-time content to and from any Internet device; and iA will promote MODCOMP's products and services to clients that are migrating enterprise applications to the Web and wireless space. MODCOMP's ViewMax(R) software and its internationally recognized team of eBusiness consultants allow companies to expand their reach and improve productivity by leveraging existing enterprise applications for access to legacy data via Web browsers and standard wireless devices. With a similar commitment to rapid deployment and resource efficiency, iA's SmartCode products enable the real-time exchange of all data formats directly from any data source and provide simultaneous access to multiple data sources from any location. "Speed, efficiency and excellence are critical to us and to our clients. MODCOMP's ability to integrate existing applications with the latest communication technology rapidly and seamlessly is a perfect fit for our strategy of responding quickly and completely to our clients' eCommerce needs," said Robert Gruder, iA CEO and chairman. "We are extremely pleased to be working with MODCOMP to provide our customers comprehensive eBusiness and mobile solutions." "Economic evidence has again offered at best a mixed bag, with some very weak employment data last week pointing to the need for more aggressive action, but with a surprisingly weak productivity report this week, igniting fears about inflation. To this end, economists will be looking to more key economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. due out later this week, including April producer prices and retail sales. Data that favors a more aggressive move by the Fed should be met with enthusiasm in the financial markets, while figures that hint at inflation will hinder stocks in the short term," stated Peter Antipatis. More is available at http://www.TheSUBWAY.com. About TheSubway.com TheSubway.com, a wholly owned online asset of Capital Research Group, Inc. (CRG) was developed solely for experienced, risk tolerant investors. Subscribers to TheSubway.com receive daily market commentary reports for select companies trading on various markets. Sophisticated investors are also able to receive for free, select, rare research reports and investor kits on up and coming emerging companies while they are still not widely known. About Capital Research Group Inc. Through TheSubway.com, Capital Research Group (CRG) introduces what in its opinion are undervalued companies to the investment community. Capital Research Group strives to locate companies with enormous growth potential. CRG is a full service public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most / Investor relations Investor relations The process by which the corporation communicates with its investors. firm. For more information about our products or services, please contact CRG at 954-217-9555 or visit us at http://www.thesubway.com. All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. , investment advisor 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 , analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (450,000 ITOO) CRG intends to sell its shares. CRG has sold approximately 130,000 ITOO shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. |
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