SANTA ANA, Calif., April 12, 1999 (PRIMEZONE) -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today issued a Speculative Buy Recommendation on DynamicWeb Enterprises, Inc., Fairfield, N.J., (OTC BB: DWEB), and initiated coverage on the Company, which is a leader in providing Internet services and software to enable business-to-business electronic commerce.
DynamicWeb has had significant early success in an explosive growth market (Internet/EDI), where the Company's recent 200% increase in annual sales well exceeded the market's projected 140% CAGR. In addition, the Company has established an impressive list of clients, including Rite Aid Corp. (NYSE: RAD), Southern New England Telecommunications (NYSE: SBC) and GTE Supply (NYSE: GTE), the new report said.
The Donner report recommends DynamicWeb because it "possesses the knowledge both scientifically and strategically to make a significant impact on the booming E-commerce market." DynamicWeb's E-commerce solutions, utilizing Internet technology, maximize the value of existing EDI infrastructure, enabling Global 2000 firms to significantly enhance the efficiency and effectiveness of their on-going business-to-business E-commerce program.
In the report, Donner Corp. said that DynamicWeb's market capitalization is substantially below other Internet business-to-business companies, VerticalNet (NASDAQ: VERT), viaLink (NASDAQ: IQIQ), and RoweCom (NASDAQ: ROWE), even though a large market exists for the Company's products and services.
Copies of the report are available from Donner Corporation at 800/324-6050. -0-