HOUSTON, Oct. 24, 2000 (PRIMEZONE) -- OTC News Network, Inc. (OTCNN), an unbiased stock news site focusing on OTCBB listed companies at www.otcnn.com, announced today that it has launched a portal for company-approved investor information kits, Brokersheet.com at www.brokersheet.com. Unlike OTCNN.com, Brokersheet.com serves all publicly traded companies, not just those listed on the OTCBB.
Brokersheet.com provides investors with access to more comprehensive company material, helping investors do better due diligence before they invest. The material put together by Brokersheet.com is always pre-approved by each participating company and therefore is considered to be each companies' official background information -- just like press releases or SEC filings.
"Brokersheet.com is a unique service," explained Sam Mele, president of OTC News Network, Inc. "Most companies face a continuous investor relations related dilemma: `how to communicate their potential to the investors.' SEC filings generally only describe a companies' past performance. And, short press releases usually just aim to alert investors to material news developments. Brokersheet.com bridges this communications gap by giving companies a chance to describe their business model to the investment community in as much detail as necessary."
Needless to say, Brokersheet.com can be an extremely powerful investor relations tool. The company can keep an updated investor information kit on the Internet at all times. Instead of printing out small batches of expensive, colorful kits that become outdated very quickly, it can streamline the process by directing interested investors to Brokersheet.com, where their kit is updated monthly and can either be downloaded in PDF-file format, or read as a regular Web page (HTML).
"We have assembled a team consisting of writers with years of professional public relations and investor relations experience and graphic designers that have designed annual reports, brochures, investor information material and graphic identities for some of the world's largest corporations. We can provide public companies with several valuable services from professionally designed, Fortune 500 quality investor information kits, to research/analyst reports and various database services," said Mele.
In addition to investor information kits, participating companies will get access to OTCNN's opt-in investor database. Whenever a new information kit is posted or an old one is updated, Brokersheet.com will send an e-mail alert to its members for free. This way members will be the first to know when companies are launching promotional campaigns, making major changes or providing updated information on their business model.
"This clearly is a winning deal for everybody. During our pre-launch marketing campaign we have even received numerous inquiries from publicly traded companies' Public Relations and Investor Relations firms. They understand the power of this tool. After all, the messages they craft don't have any impact if nobody sees them. Brokersheet.com effectively increases the number of investors that get to see the company's investor material," Mele explained.
Recently, OTCNN has added morning, mid-day and market wrap editorial coverage to its existing OTCBB commentary and news coverage, adding to its growing user volumes. Since its launch in May, OTC News Network's average hit count growth has been 60% per month. OTCNN's page views increased in September by more than 20 percent to over 240,000. Companies in OTCNN's Today's Top Headlines include: LogPoint Technologies, Inc. (OTCBB:LGPT), International Foam Solutions (OTCBB:IFOS), eDiets.com, Inc. (OTCBB:EDET) and America Online (NYSE:AOL).
About OTC News Network
OTCNN is the first major daily online news source focusing exclusively on providing unbiased daily news coverage of the Over-The-Counter Bulletin Board (OTCBB) stock market, the companies that trade there and the trends that affect them and their shareholders. The OTCBB is a market supported by the National Association of Securities Dealers (NASD), the organization behind NASDAQ. OTCNN's business model is not based on paid editorial content, making the news source similar to sites like CNBC.com and TheStreet.com.
OTC News Network's business model is unique. Instead of relying on advertising revenues or paid content, OTC News Network provide a wide variety of professional services to publicly traded companies. For more information on OTC News Network, visit www.otcnn.com.
The sole source of this information is OTC News Network, which is a privately held company. The information is for media use only. This is not a recommendation to buy or sell securities of any publicly traded company mentioned in this press release.