LOS ANGELES, Nov. 9, 2000 (PRIMEZONE) -- The following is being issued by Alan Stone & Company LLC.: 5th Avenue Channel Corp. (Nasdaq:FAVE) shares have been featured in an analyst report released by WallStreet Research, 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 report on 5th Avenue Channel Corp. is available, together with additional information about WallStreet Research, at www.WallStreetResearch.org.
5th Avenue Channel Corp., headquartered in North Miami, Fla., is an integrated media company focusing on production and distribution of niche television and video content via traditional broadcast channels, including over-the-air, cable and satellite systems, and on the Internet. 5th Avenue Channel's flagship financial news and information program, Net Financial News(TM) is broadcast daily from the Company's production studios and can be viewed in millions of homes on television and the Internet at www.nfn.com. The Company also operates its own wireless cable television systems domestically and abroad, and a subsidiary for business-to-business distribution of consumer products to mass merchandisers, including home shopping networks, retail store chains and wholesale distributors across the country. Trading on Nasdaq under the symbol FAVE, the Company is emerging as a unique content provider capitalizing on the convergence of television programming and the Internet.
This press release contains statements that are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release the words "believes," "plans," "estimates," "expects," "intends," "anticipates," "may," "will," "should," "could" and similar expressions are intended to identify forward-looking statements. All forward-looking statements are based largely on current expectations and beliefs concerning future events that are subject to substantial risks and uncertainties. Actual results may differ materially from the results suggested herein. 5th Avenue Channel's actual results may differ materially from the results discussed, implied or forecasted in the forward-looking statements. Further information on the factors that could affect the actual results of 5th Avenue Channel Corp. are included in its report on Form 10-KSB for the year ended December 31, 1999, and the most recent Form 10QSB for the quarter ended June 30, 2000, which are on file with the Securities and Exchange Commission. 5th Avenue Channel Corp. assumes no obligation to revise or update any forward-looking statements contained in this press release.