HOUSTON, Oct. 24, 2000 (PRIMEZONE) -- OTC News Network (www.otcnn.com) announced today its latest feature, Brokersheet.com -- the first portal focusing on company-approved investor information kits. The new service enables OTCNN's readers to do their due diligence better and faster than before at www.brokersheet.com. OTCNN is the first major daily online news source focusing exclusively on providing unbiased daily news coverage on OTCBB companies. Companies in today's news coverage include high profile companies such as International Foam Solutions, Log Point Technologies and Yahoo (Nasdaq:YHOO).
Today's Top Headlines include:
Strange trading patterns continue to plague Log Point Technologies. Trading volumes go up before announcements. Stock promoters send out hundreds of thousands of e-mail messages. Selling comes in against the newly created demand and the stock plummets by 70%. What's the story...?
eDiets.com's alliances with iVillage, America Online and Yahoo are paying off. eDiets.com reports a substantial growth in revenues and paid membership subscriptions. The company's revenues for the third quarter increased by 384% to $3.76 million, or by 66% over the previous quarter. However, EDET trading volumes shot up BEFORE the announcement.
International Foam Solutions - the company that recycles Styrofoam - a Dow Chemical trademark - estimates that it can have additional agreements in hand from European distributors as early as this week. This comes only a week after IFOS announced its contract with DuPont. Is IFOS - with just $30k in quarterly sales - finally learning how to deliver?
Anxious to tap into a potentially enormous biotech market, Immulabs (OTCBB:IMLB) sells a majority stake of its common stock to Aggressive American, a corporation with the rights to acquire certain high-potential biotechnology projects.
eTravelserve.com appears to have been busy making travel plans of its own this month. The company expands its reach to the Caribbean and Europe with the acquisition of Caribbean Concepts and a proposed office in Hamburg.
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 (NYSE:GE) and TheStreet.com (Nasdaq:TSCM).
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.