NEW YORK, Feb. 22, 2000 (PRIMEZONE) -- The following is being issued by Fletcher and Faraday, a member of the National Association of Securities Dealers, CRD number 29769: Fletcher and Faraday (Broker Dealer -- Member NASD).
WorldBestBuy.com, owned and operated by parent company, International Brands Inc. (OTCBB:INBR). We are continuing coverage with a BUY rating. One of the major reasons for the company's rapid growth since launching the site has been the unparalleled success of the Associates Program. The WorldBestBuy.com Associates Program offers members a placement on its banner advertising network as well as substantial commissions on sales generated for WorldBestBuy.com. We think this strategy of building a profit center on the momentum, while marketing and branding of WorldBestBuy.com, will enhance the company's growth.
At Home Corp (Nasdaq:ATHM) We are continuing coverage with a BUY rating. As cables MSO's (Multi-system operators and cable TV networks) deploy set-top boxes, Excite@home will be able to provide more services, leveraging its existing infrastructure.
Healtheon/WebMD (Nasdaq:HLTH) We are continuing coverage with a BUY rating. Healtheon/WebMD has an unrivaled array of endorsements, sponsorships and partners from leading healthcare, technology and Internet companies. They represent significant equity, advertising and sponsorship commitments - in some cases hundreds of millions of dollars from high-profile Industry Leaders such as Microsoft, News Corp, DuPont, CNN, United Healthcare Group, Smith Kline Beecham, Baylor, Schering Corp., and Merck-Medco.
MCI Worldcom (Nasdaq:WCOM) We are continuing coverage with a BUY rating. In our opinion MCI Worldcom is the best play on the exponential growth of the Internet among the large established telecom players. We believe Worldcom's current valuation level represents an attractive entry point into one of the premier telecom companies.
Fletcher and Faraday is a Broker Dealer and member of the NASD and SIPC. Fletcher & Faraday herein prepared material upon information supplied by the company or other sources believed to be reliable. The information contained herein should not be considered to be all-inclusive. INBR have approved the statements made in this report. This discussion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed within. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the securities. Please consult your broker before purchasing or selling any securities mentioned in this report. Fletcher & Faraday has been compensated for its investment banking services provided by the agreement with International Brands Inc. (25,000 INBR Investment Common Shares). Fletcher & Faraday, its clients, officers, directors, employees may buy, sell or have a position in the securities described in this report and may profit in the event the shares rise in value.