FindProfit.com Initiates Coverage on Global Crossing and AboveNet

A look at how restructured telecoms will impact Net2Phone, IDT, McLeodUSA and XO Communications


PRINCETON, N.J., Dec. 22, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +58% audited return in 2003, announced today that it has provided to trial and paid subscribers special coverage of the telecom sector, including coverage of Net2Phone (Nasdaq:NTOP) and IDT (NYSE:IDT).

FindProfit looks at how the re-emergence from bankruptcy of AboveNet, formerly known as Metromedia Fiber Networks, and Global Crossing will impact companies such as McLeodUSA (Nasdaq:MCLD) and XO Communications (OTCBB:XOCM).

Earlier this year FindProfit released "Profiting From The Telecom Phoenix," a special report on restructured telecom companies and the sixth of its eight Expert Insight Series report.

All paid and trial FindProfit subscribers can now receive immediate access to FindProfit's exclusive reports and ongoing commentary and analysis. As a trial or paid subscriber, you'll also gain access to our latest investment moves. Start your 30-day free trial today: http://www.findprofit.com/subscribe.php3?refer=zone64

FindProfit's outlook examines the following questions:



   -- With a leaner balance sheet and more narrowed focus, can Global
      Crossing shed its image and become a global telecom player?

   -- How Will Global Crossing's emergence as a leading VoIP carrier
      impact the RBOCs, CLECs and other major fiber carriers?

   -- Was AboveNet's recent change at the top pre-determined? Or, is
      the company already facing challenges just a few months into
      its post-bankruptcy era?

   -- But with backing from heavy hitters Craig McCaw and John Kluge,
      is AboveNet destined for success?

   -- How do the Bells and other CLECs see AboveNet and Global
      Crossing - potential competitors or potential partners?

   -- Is the era of overcapacity over?

   -- When will the S.E.C. problems for AboveNet and Global Crossing
      end?

And More

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FindProfit.com is a leading publisher and provider of lively, fun, and profitable investment commentary for individual investors who love the stock market. As a 100% independent investment service, FindProfit's only bias is towards making its subscribers money. FindProfit's real-time "as it happens" investment service gives individual investors the edge they need to consistently beat the market. For more information or to sign up now for a free 30-day trial to FindProfit, please visit: http://www.findprofit.com/subscribe.php3?refer=zone64

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