LOS ANGELES, Calif., April 18, 2000 (PRIMEZONE) -- Wall Street Research today announced that it has recommended the shares of Medium4.com (OTCBB:MDMM) - home of Internet Only TV. The full text of the report can be accessed at WallStreet Research's website at www.WallStreetResearch.org. WallStreet Research is a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC. Mr. Stone was formerly an analyst and assistant portfolio manager at Merrill Lynch Asset Management and securities analyst at Prudential Insurance Company's Capital Markets Group.
WallStreet Research specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities.
The stocks featured at www.WallStreetResearch.org exhibit an outstanding performance, placing them in the top tier of the small and microcap market. For all its recommended stocks as a group, the website reports an average gain of 478%, or 493% on an annualized basis, for a calculation period ending March 30th, 2000(a).
The Medium4.com(tm) name reflects the transformation of the Internet into the fourth medium for television broadcasting -- after over-the-air TV, cable TV and satellite delivery systems. Across the Company's five networks, and nearly 40 distinct channels, Medium4.com(tm) is the Internet's leader in producing, aggregating and broadcasting rich, in-depth, on-demand video content unavailable on traditional, cable or satellite television.
The Medium4.com(tm) InternetOnlyTV(tm) networks include ForeignTV.com(tm) (www.foreigntv.com), StreamingUSA.com(tm) (www.streamingusa.com), NicheTV.com(tm) (www.nichetv.com), Medium4Music(tm) (www.medium4music.com) and the recently announced Medium4Latino.com (tm) (www.medium4latino.com). Each of these utilizes Medium4's proprietary encoding technology creating a seamless streaming video experience.
Medium4.com's(tm) networks are market leaders in delivering original and aggregated streaming video, on-demand, from across the United States and countries around the world including targeted niche programming, music videos and interviews, city-focused entertainment and information, exclusive features and interviews as well as full-length feature films. The Medium4.com(tm) audience watches at work and at home, it includes businesspeople, business and leisure travelers, music, fashion, film and animal lovers and a growing community of armchair globetrotters seeking on-demand access and engagement with the world's people, places, ideas and cultures.
Additional information on Medium4.com(tm), including financial statements and recently filed 10K Report, is available on the company's Web site at www.medium4.com. The WallStreet Research report is available at www.WallStreetResearch.org.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Medium4.com's business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus together with financial statements filed with the SEC.
The information in this press release has been obtained from sources that WallStreet Research believes to be reliable, but the Company does not guarantee its accuracy or completeness. All statements are the opinion of WallStreet Research or are based upon information gathered from public filings, and/or information provided by the company which is featured. Neither the information nor any opinion expressed constitutes a solicitation by WallStreet Research for the purchase or sale of any securities. WallStreet Research or its affiliates have performed investment banking, investor relations, consulting or other services for the Company mentioned in this release and as such have received fees for the preparation and distribution of this report. WallStreet Research or any of its affiliates or persons association with WallStreet Research may anytime be long or short any of the securities referred to herein and may make purchases or sales there of while the Company's reports are in circulation or posted on the WallStreet Research web site at www.WallStreetResearch.org. Accordingly, WallStreet Research has a potential conflict of interest in preparing this report. This material, the research report, or any portion thereof, may not be reproduced without permission from WallStreet Research. Copyright (c) 2000 by WallStreet Research. All rights reserved.
(a) Returns are historical for the periods noted and not indicative of future results. These returns were achieved during market conditions that have been highly favorable to technology stocks generally, and that may not continue to occur. Also, market volatility can dramatically affect any stocks short-term returns. The Company's shares recommended in this report trades on the OTC Bulletin Board, which may affect the shares liquidity and volatility, thereby possibly affecting the actual returns achieved.