Santa Monica, Calif., Jan. 13, 1998 (PRIMEZONE) - MicroCap1000.com, Ltd., a subsidiary of MicroCap Financial Services.com, Inc. (OTCBB: MFSI), announced it has aggregated more than 120,000 registered users to its free Internet financial news web-site since early October, 1998. With this established and growing registered user base, MicroCap1000.com, which is designed to be the premier source for information on the MicroCap sector, also announced plans to offer a new E-commerce service which is anticipated to provide investment recommendations, real-time quotes and investment tools.
"The interest and excitement MicroCap1000.com has generated in only three months has been very encouraging," says Jay Matulich, Chairman of MicroCap1000.com, Ltd. "Retail investors and professionals alike have been frequenting our site, which meets a need for more information on the under-followed MicroCap sector. Given this broad base of registered users we now have the volume to begin offering E-commerce premium service."
The new E-commerce service will focus on investment opportunities and stock recommendations by well recognized money managers known as "MicroCap1000 Gurus" and independent research analysts. In addition, the premium service is anticipated to contain real-time quotes as well as portfolio tracking and alert capabilities. The prices for the packages have yet to be announced.
MicroCap1000.com, Ltd., a subsidiary of MicroCap Financial Services.com, Inc. (MFSI), is a multimedia provider of online financial news and information services to the investment community and MicroCap companies which is designed to be the premier source for information on the MicroCap sector. The Company's web-site was fully launched in early October 1998, provides comprehensive, Internet-based electronic publishing of unique content on the MicroCap sector; online investor relations services; and broadcasts over the Internet through video-streamed netcasts of various financial programs.
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Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments and other risk factors listed from time to time in the Company's Securities and Exchange Commission reports.