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To
OTC Journal Members:
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Bill Gates Loves
StockGroup Information Services (OTC BB: SWEB) |
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As mentioned in previous editions,
we expect many of the beaten down penny stocks with viable business models
to begin rising with the tide as sellers become scarcer and buyers
resurface.
In early September we brought you
Stock
Group Information Systems at $.19. Formally a dot-com with an advertising
revenue model, this company has completed the successful transformation
to an electronic financial information provider, and in the process is
finally becoming cash flow positive. Based on current trends and their
many high profile customers, we anticipate StockGroup will be able
to announce positive earnings in the 1st quarter of next year which will
continue building over successive quarters. Current clients include Citi
Group, American Express, NY Life, Dupont, and many others.
The support/resistance lines on the
chart we have provided suggest the stock is entitled to rebound into the
$.27
range, or another words retrace 50% to the most recent high. Many
larger cap technology stocks are well on their way to achieving their rebounds,
and their baby brothers will not be far behind.
Today, just after the market closed,
StockGroup
announced they will become a financial content provider for MSN.CA
which is Microsoft's Canadian on-line community.
Microsoft is launching a major
North American marketing campaign designed to bring new ISP customers to
its MSN service. If you watch TV, you have probably seen their butterfly
commercials, where the guy falls out of the cocoon hanging in the tree.
Microsoft
is spending millions promoting this service and is going head to head with
AOL for market share.
From here forward, if you are looking
for financial information at MSN.CA, it is likely it will be provided
by StockGroup.
We may have exaggerated a bit when
we said Bill Gates loves StockGroup, but he does make a comment
in today's press release. His comment clearly demonstrates
the importance of outsourcing services to even the largest companies.
Bill Gates says:
| 'The Stockgroup solution
allows us to continue to be a leader by providing our users with the latest
up to date financial news, while providing the most cost effective solution,'said
Bill Gates, Microsoft Chairman and Chief Software Architect. |
This stock has continued trading
quietly during the recent market resurgence, but today's press release
could help change that. High profile news like this could put this stock
directly in the cross hairs of bargain hunters who are looking for stocks
which deserve to trade up in an inclining market environment.
We still believe this stock
will find its way into the $.30 range which represents an opportunity to
make nearly 60% on your money.
Here is the complete text of today's
new release for your review:
Stockgroup Signs
Licensing Agreement With MSN.CA
Canadian Corporate News
via COMTEX
Nov 5, 2002 4:03:39 PM
VANCOUVER, BRITISH COLUMBIA,
Nov 5, 2002 (CCNMatthews via COMTEX) --
Stockgroup Information
Systems Inc. (OTCBB: SWEB) a financial media and technology company announced
today that they have signed a licensing agreement with MSN.CA. Stockgroup
will provide MSN.CA financial news and content through its Financial Content
Software System.
Stockgroup's Financial
Content Software System is made up of a suite of over 30 proprietary financial
software tools and 100 different data sources that disseminate data from
all North American exchanges and from a database of over 21, 000 publicly
traded companies.
MSN.CA is a leading Canadian
Web portal with 8.7 million unique monthly visitors. Its suite of online
services delivers news, information, entertainment, and a variety of communication
tools including MSN network of Internet services, Hotmail web-based e-mail
service and MSN Search. MSN.CA also provides such high-quality interactive
services as MSN Messenger, MSN Explorer, MSN eShop, MSN Web Communities
and many more for the Microsoft Windows operating system.
'The Stockgroup solution
allows us to continue to be a leader by providing our users with the latest
up to date financial news, while providing the most cost effective solution,'said
Bill Gates, Microsoft Chairman and Chief Software Architect.
'Companies like Microsoft
are increasingly choosing to use Stockgroup solution for financial content
and disclosure and awareness products because of its extensive and highly
flexible product offerings,'stated Marcus New, CEO of Stockgroup.
Some of Stockgroup's
products include Market Indices, Stock Charts, Stock Watch Lists, Portfolio
Managers, Market Movers, Scrolling Tickers and the management of Public
Company's Investor Relation websites including the automated posting of
their news releases, SEC filings, and other critical disclosure components.
ABOUT STOCKGROUP
Stockgroup Information
Systems Inc. is a financial media and technology company. It is a leading
provider of private labeled financial content and software solutions to
media, corporate, and financial services companies. Stockgroup employs
proprietary technologies which enable its clients to provide financial
data streams and news combined with cutting edge fundamental, technical,
productivity, and disclosure tools to their customers, shareholders, and
employees at a fraction of the cost of traditional internal methods. Stockgroup
is also a provider of Public Company Disclosure and Awareness Products
for publicly traded companies. Its financial web sites including www.stockhouse.com,
www.stockhouse.ca and www.smallcapcenter.com are state of the art online
research centers for the investment community. To find out more about Stockgroup
(OTCBB: SWEB), visit our website at www.stockgroup.com
This release contains
'forward looking statements'within the meaning of Section 27A of the Securities
Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any
statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals, assumptions
or future events or performance are not statements of historical fact and
may be 'forward looking statements.'Forward looking statements are based
on expectations, estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently anticipated.
Forward looking statements in this action may be identified through the
use of words such as 'expects', 'will,''anticipates,''estimates,''believes,'or
statements indicating certain actions 'may,''could,'or 'might'occur.
StockgroupJohn BevilacquaInvestor
Relation Contact(800) 650-1211 ext.180ir@stockgroup.comorStockgroupRob
AttwellDirector of Business Development(800) 650-1211 x 146sales@stockgroup.comorMSN
CanadaRotimi OlumideContent Producer(416) 349-5541rotimio@microsoft.com
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