NEW YORK, Feb. 23, 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 by parent company International Brands, Inc. (OTCBB:INBR). We are continuing coverage with a BUY rating. WorldBestBuy.com announced that it is putting its name on the big screen at NASCAR events throughout the 2000 season. The company says WorldBestBuy.com will now be featured in three-minute commercials on Jumbotron broadcast displays placed in the infield at all major Winston Cup and Busch Series events, as well as on Jumbotron perimeter billboards. WorldBestBuy.com's Jumbotron deal through StadiaNet Racing, LLC. will run through 2000 at 43 Winston Cup and Busch Series events. Company commercials will be broadcast four times per day during or adjacent to prime Friday, Saturday, and Sunday events. NASCAR racing is the fastest growing professional sport in the United States, attracting a live attendance of over 9,000,000 (1998 figures). We believe the entry on WorldBestBuy.com into the NASCAR Sponsorship Program is an extremely potent, cost-effective means to further brand the site into the consciousness of the American public.
Nokia Corp. (NYSE:NOK). We are continuing coverage with a BUY rating. Nokia is benefiting from the growth markets of Code Division Multiple Access (CDMA) and Time Division Multiple Access (TDMA) and is strengthening its global market position. The company is confident in its strategy for expansion into China, which is Nokia's second largest market after the United States.
Ericsson (LM) (Nasdaq:ERICY). We are continuing coverage with a BUY rating. The company continues to see strong in wireless infrastructure through rollouts in Latin America, China and North America. Over long term, upgrades to existing narrowband networks, and the transition to high bandwidth, third generation wireless sytem should sustain growth.
Motorola, Inc. (NYSE:MOT). We are continuing coverage with a BUY rating. Semiconductor growth is expected to exceed market rates for fiscal 2000 as the company focuses on higher-growth areas. In addition we think Motorola appears to be experiencing higher wireless and infrastructure growth.
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.