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Good morning MetaSource Group, Inc. (MTSR)
big gains last two days
MTSR, a few nibbles today.
ut .06x.075
War news is getting better, looks to be a short one. Could be one hell of a rally next week!
Way to go, verrrrrrrry nice
Hi Shac, I nailed this one as well, beautiful indeed.
Good job Ukie...knew the float
was small. Insiders own a ton.
EZ
received this email from Metasource regarding float:
Hi Nestor,
Thank you for your email. Our float is currently around 6 million shares, meaning that of the roughly 19 million shares outstanding, about 30% are freely trading. The rest of the shares are in restricted stock.
Please contact this email if you would like further information regarding our company.
Best Wishes,
Rajul Mathur
-------------
Rajul Mathur
Senior Vice President
MetaSource Group
40 Exchange Place, Suite 1607
New York, NY 10005
O: 646.805.5141
F: 646.805.5140
www.metasourcegroup.com
I wish I was in Shac! But I saw it when you got in at .02 & .026 for 75,000 shares! You and EZ are incredible at picking these stocks! Once I get a little free cash available I am going to follow you guys on some of your plays! My Income Tax return will be arriving in about a month! :)
Dave
You in DT? :)
boy,that .07 bid comes and goes quick,2x now.
.07 x .08 :)))))
You've got to love the charts. :))))eom
yehawww Ticker Symbol: mtsr.ob
Date Open High Low Close Volume Adj. Close*
Mar-10-03 0.04 0.05 0.04 0.05 173,200 0.05
Mar-07-03 0.03 0.03 0.03 0.03 105,500 0.03
Mar-06-03 0.03 0.04 0.01 0.03 961,800 0.03
Mar-05-03 0.02 0.03 0.02 0.03 143,800 0.03
Mar-04-03 0.04 0.04 0.02 0.03 431,000 0.03
Mar-03-03 0.05 0.05 0.04 0.04 426,500 0.04
Feb-28-03 0.05 0.05 0.05 0.05 310,000 0.05
Feb-27-03 0.06 0.06 0.04 0.05 406,100 0.05
Feb-26-03 0.06 0.06 0.06 0.06 125,300 0.06
Feb-25-03 0.08 0.08 0.06 0.06 239,500 0.06
Feb-24-03 0.08 0.08 0.07 0.07 180,900 0.07
Feb-21-03 0.08 0.08 0.07 0.08 308,500 0.08
Feb-20-03 0.08 0.09 0.07 0.08 202,200 0.08
Feb-19-03 0.07 0.10 0.07 0.08 170,300 0.08
Feb-18-03 0.11 0.11 0.07 0.08 205,600 0.08
Feb-14-03 0.12 0.12 0.09 0.10 138,300 0.10
Feb-13-03 0.15 0.16 0.12 0.12 30,000 0.12
Feb-12-03 0.15 0.23 0.11 0.23 49,800 0.23
Feb-11-03 0.11 0.15 0.11 0.12 10,200 0.12
Feb-10-03 0.19 0.19 0.11 0.16 104,200 0.16
Feb-07-03 0.20 0.20 0.16 0.19 58,900 0.19
Feb-06-03 0.25 0.25 0.20 0.22 98,400 0.22
Feb-05-03 0.26 0.26 0.24 0.24 28,000 0.24
Feb-04-03 0.35 0.35 0.25 0.25 3,400 0.25
Feb-03-03 0.35 0.35 0.25 0.25 1,200 0.25
Jan-31-03 0.35 0.35 0.35 0.35 1,000 0.35
Jan-29-03 0.27 0.35 0.27 0.35 11,300 0.35
Jan-28-03 0.27 0.27 0.27 0.27 1,300 0.27
Jan-24-03 0.27 0.27 0.27 0.27 300 0.27
Jan-23-03 0.55 0.55 0.27 0.27 1,700 0.27
Jan-22-03 0.25 0.55 0.25 0.55 1,500 0.55
Jan-21-03 0.30 0.40 0.25 0.25 43,100 0.25
Jan-17-03 0.30 0.33 0.30 0.33 1,800 0.33
Jan-16-03 0.35 0.35 0.29 0.31 22,700 0.31
Jan-15-03 0.30 0.30 0.25 0.30 20,000 0.30
Jan-14-03 0.60 0.60 0.29 0.29 76,200 0.29
Jan-13-03 0.35 0.60 0.30 0.32 37,400 0.32
Jan-10-03 0.51 0.60 0.35 0.35 4,300 0.35
Jan-09-03 0.45 0.60 0.44 0.44 34,400 0.44
Jan-08-03 0.56 0.56 0.56 0.56 500 0.56
Jan-07-03 0.55 0.60 0.55 0.60 1,200 0.60
Jan-06-03 0.55 0.56 0.55 0.55 5,600 0.55
Jan-03-03 0.55 0.55 0.55 0.55 1,600 0.55
Dec-31-02 0.65 0.65 0.55 0.55 5,400 0.55
17.3 mil. O/S ukie...float must be
decent. :)
EZ
Do we have any idea what the float is?
Fired off a email several hours ago to customer relations
but no reply as of yet.
Kewl, good info
In addition to the client list that Shac supplied, here as some of the projects that the company is working on:
Our wide-ranging experience has given us the opportunity to work with a variety of national and international clients.
strategic planning & consulting
Revlon, Inc.
Project Kids Worldwide
programming
Kirshenbaum, Bond & Partners
Project Kids Worldwide
web projects
www.revlon.com
www.almay.com
www.asiapacificfunds.com
www.churchesshoes.com
www.collegecentral.com
www.ctcr.investors.net
www.e-garden.co.uk
www.goodskiguide.com
www.greaterchinatechnology.com
www.hortmarket.com
www.hospitalityaction.org.uk
www.jewelleryweb.com
www.kuchecucina.com
www.lawmanonline.com
www.lef.org
www.mirrorgarden.co.uk
www.ol-p.com
www.onlinelogic.co.uk
www.rhs.org.uk
www.sunworthy.com
www.sportsillustrated.com
www.stockpagestock.co.uk
www.tradebanc.com
www.treasurehouses.co.uk
www.taiwanfun.com
www.timeshipinfo.com
www.ukeas.com (English Version)
www.ukeas.com.tw (Chinese Version)
www.veanewyork.com
www.visima.com
www.weddingamerica.com
www.wiltonhouse.com
www.51jkcn.com
www.wsj.com
Dot Glu
Cosmeticsandmore.com
Project Kids Worldwide
51www.ne
I don't think they have many shares
at .05...the wall at .04 went down
very easily.
EZ
He's sharp about these things.
Personally, I think Shac is right on with
his statement below.
Free Zone / User's Groups / Sub to .02 (subs)
Public Reply / Private Reply / Keep / Mark Last Read Next 10 / Previous / Next
Posted by: ToshacH
In reply to: None Date:3/6/2003 11:32:56 AM
Post #of 1363
MTSR a great NR give it a read all the way through, picked up 75k today at .02 cents. A small S-8 giving us an opportunity to buy cheap. Think TREZV...maybe
MetaSource Group Announces Company's Consideration of 'Certificate Only' Trading
Tuesday February 18, 11:46 am ET
NEW YORK--(BUSINESS WIRE)--Feb. 18, 2003--MetaSource Group, Inc. (OTCBB: MTSR - News) announced today that is it considering the possible adoption of "certificate only" or "custody only" trading of its shares as a measure to ensure the integrity of the trading of its shares and to protect against naked short selling.
Mr. Courtney Smith, Chairman of MetaSource, states, "Our shareholders have expressed concern over the abnormally depressed price of our shares. They, and we, are concerned that they do not represent the strong value of our company. Some of our shareholders have stated that they believe that our Company's shares have been illegally shorted thus artificially reducing the price."
He further stated, "We are listening very closely to our shareholders. The management of this company are the largest shareholders and are also obviously concerned. No insider has ever sold any shares of the company. We further know that our float is relatively small so our shareholder's concerns that we may be seeing our stock shorted may be very accurate. We are investigating this potential now."
Mr. Smith continued, "We are beginning the due diligence now to determine if we wish to shift to a custody only style of trading. We will be moving very quickly to make a decision to ensure that we protect our fellow shareholders interests. We have no arguments with legal short selling and believe that it can serve a valuable economic purpose. However, naked short selling is illegal and attacks the very integrity of the capital markets as it represents illegal manipulation of a share price. "
Short selling of a stock occurs when someone borrows shares of a company and sells them looking to buy them back later and return them to their rightful owner. "Naked" short selling is selling a stock without the borrowing of actual shares and never delivering the shares to cover the short position. This has the effect of creating an artificial supply of stock thus artificially reducing the price of the stock. This is illegal in the United States. However, naked short sellers can execute these illegal shorts in other countries, thus circumventing US law. One way to sharply reduce this problem is to not allow clearing through the Depositary Trust Company but to instead use custody only trading.
Under "custody only" or "certificate only" trading, MetaSource would implement a share transfer system requiring the delivery of physical stock certificates. Investors would continue to use their broker for purchases and sales and would request the physical delivery of all of their shares. The certificates received by the Company's transfer agent for selling by investors would be cancelled and a new certificate for an equal number of shares would be issued in the name of the buyer. Therefore, no certificates would be issued in the name of Depository Trust Company, CEDE & Co. or any other nominee and MetaSource shares would no longer clear through the DTC system. It would be in the best interests of all shareholders to ensure that they participate in this 'custody only' trading since the share price will more properly reflect the company's status.
The Company believes that there would be no inconvenience to our fellow shareholders but that this would increase the integrity of trading in our Company's shares.
The Company is now actively investigating this new policy and will make a decision in a timely manner.
Mr. Smith said, "We have created an exciting company that has made four acquisitions in just the last two months. Our revenues are moving sharply higher with each acquisitions. We have a very strong pipeline of potential acquisition candidates. We believe we have built a solid platform for growth in the software sector. It is a shame that our share price does not reflect these strong positives. It may be that moving to a custody only trading method will restore some sense to our share price and help to reward our valued shareholders for their confidence in MetaSource."
MetaSource is headquartered in New York City, with offices throughout the U.S. and the UK. For further information please visit www.metasourcegroup.com.
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with the Company's future growth and operating results, the uncertainty of market acceptance of the Company's products, technological change, competitive factors and general economic conditions. The Company has no duty and undertakes no obligation to update such statements.
--------------------------------------------------------------------------------
Contact:
MetaSource Group, Inc.
Rajul Mathur, 646/805-5141
With trading you must conquer your emotions and be very disciplined about your goals.
P.S...TREZV hit over .50 the other day.
EZ
.03x.035..looking very good.
Shaping up very nicely...once the .04's
and .05's are gone... a nice breakout is
coming...IMHO.
Coming off bottom of ..015 S-8.
MM's could be holding a short position here, too.(IMHO)
DD the news releases posted here...good info.
EZ
Client list and more...impressive.
Home
Partners
News
MetaSource Group Merges with AgencyFish
Metasource Group, Inc. Merges With OLB.com
Metasource Group, Inc. Acquires International Trade and Development Group
Metasource Group, Inc. Acquires Sitaro Group
Digit Earns Top Honors At This Year's BIMA, BAFTA, and CLIO Awards Ceremonies
Digit/Motorola Develop Digital Aquarium
About US
MetaSource Group, Inc. (stock symbol MTSR) is a software, strategic marketing and technology consultantcy to businesses around the world. Our services ranges from application development to e-marketing to research on current IT trends to conferences and publications for IT decisionmakers from the world's leading companies. We're unique because we bring together highly successful entrepreneurs who work together to offer best of breed services and products.
MTSR is composed of the following entrepreneurially driven subsidiaries:
AgencyFish, providing a comprehensive communication service which enables consistent communication through all channels, ensuring brand message is the same across corporate identity, literature, exhibition graphics, direct-mail, wired web or life guides.
Digit London, an award-winning producer of interactive digital business solutions to clients such as Deutsche Bank, Habitat, Disney, News International, MTV, Nickelodeon, Art Group, Stella McCartney, MTV and Bertelsmann Media Group.
International Trade and Development Group, providing marketing and software solutions including application development, data procurement and management, market research, and events planning. ITD is also the organizer of the OutSourceWorld conference, a meeting place for outsourcing vendors and buyers.
Kensington Group, Inc., is a global company, providing unparalleled research, consulting, training and executive management coaching to assist end-users, vendors, media, financial analysts, venture capitalists, and others to achieve high ROI and leverage information technology analysis and consulting. Clients include Cisco, EDS, IBM, Microsoft, Hewlett-Packard, PeopleSoft, SAP and Sprint.
MetaSource Systems (MS), currently developing software for a number of premier clients ranging from major corporations like Revlon, Coca-Cola and ValueOptions to graphics design shops. MS focuses on the following disciplines: C++, Java, databases, and web development. Sales, service, and project management are done in New York and London (MS UK) while coding is done in China. This provides a very low cost alternative to a pure American strategy while maintaining Western standards and service.
OLB.com, providing turnkey online private label shopping solutions to highly trafficked websites through its ShopFast line.
Sitaro Group, Ltd., building and managing Marketing Process Solutions for large companies and leading advertising agencies. Sitaro offers marketing software and consulting services, helping companies lower their cost of marketing and more efficiently direct their marketing programs.
Here's a small sampling of our client list over the past twelve months:
Alcatel
AT&T
Cisco Systems
Citrix Systems
Coca-Cola (through Kirshenbaum Bond Partners)
Deutsche Bank
Disney
EDS (Electronic Data Systems)
Gartner Group
Hewlett Packard
IBM
Microsoft
Motorola
PeopleSoft
Pfizer
Revlon
SAP UK LTD
Siemens
Young and Rubicam
We've achieved success though a disciplined buy and build strategy. We will continue to acquire companies that complement our existing assets and which are profitable on a trailing twelve months basis. Central to our strategy is the ability to supply world class solutions at below market prices to each of our companies. Through years of offshore software development experience, we've perfected a rigorous discipline for software project management. By providing value and incomparable quality MTSR aims to be the world's premier provider of best of breed technology solutions.
ITD Group
AgencyFish
Digit
Kensington Group, Inc.
MetaSource Systems, Inc.
OLB
Other news.
Spitzer Still Eyeing Short Seller Effort
Mar 5, 2003 (financialwire.net via COMTEX) -- (FinancialWire) New York State Attorney General Eliot Spitzer told hedge fund managers Tuesday that his department is not looking at the kind of regulatory action that has befallen investment banks.
Nevertheless, the Attorney General and other regulators are continuing to look into Gotham Partners, which distributed suspect critical reports on MBIA, Inc. (NYSE: MBI) and the Federal Agricultural Mortgage Corp. (NYSE: MBI) that observers have said helped create artificial and possibly manipulative short selling in those two companies.
The MBIA and Farmer Mac are among 62 companies that are associated on one side or another of a growing national problem that last week saw an SEC fine of $1 million for manipulative short selling, and an effort by the Depository Trust Corporation to enforce "regulatory" actions it has now admitted in an SEC filing it had no authority to enforce.
The complete list of the 62 companies now associated on one side or another of the naked short seller controversy includes A.G. Edwards, Inc. (NYSE: AGE), Federal Agricultural Mortgage Corp. "Farmer Mac" (NYSE: AGM), Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTCBB: AMDR), Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), Biocurex (OTCBB: BOCX);
Also, Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), Edgetech Services (OTCBB: EDGH), Endovasc Ltd. (OTCBB: ENVC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), FreeStar Technologies (OTCBB: FSRCE), GeneMax Corp. (OTCBB: GMXX), Global Path (OTCBB: GBPI), Goldman, Sachs & Co. (NYSE: GS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Jag Media Holdings (OTCBB: JGMHA), Knight Securities, LP (NASDAQ: NITE), Lair Holdings (OTCBB: LAIR), MBIA (NYSE: MBI);
Also, MetaSource Group, Inc. (OTCBB: MTSR), M. H. Myerson & Co., Inc. (NASDAQ: MHMY), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Pitts & Spitts (OTCBB: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PCEL), Presidential Air Corp. (OTCBB: PDAR), PayStar Corporation (OTCBB: PYST), Petrogen Corp. (OTCBB: PTGC), PrimeHoldings.com, Inc. (OTC: PRIM), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMEC), Sedona Corp. (OTCBB: SDNA), Sionix Corp. (OTCBB: SINX);
Also, Soundcomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC: TLOS), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Toronto-Dominion (NYSE: TD), Trezac Corp. (OTCBB: TREZV), US West Homes (OTCBB: USWH), Vega Atlantic (OTCBB: VATL), vFinance, Inc. (OTCBB: VFIN), Vtex Energy (OTCBB: VXEN) and Wizzard Software (OTCBB: WIZD).and WorldTradeShow.com (OTC: WTSW).
The daily electronically distributed FirstAlert Network may be accessed at www.investrend.com/contact.asp .
Clickable links for FinancialWire news are at www.financialwire.net . For FinancialWire audio news, click on partner ON24 at www.on24news.com . For a downloadable traffic report toolbar, visit download.alexa.com/?amzn_id=investrendcom-2
Restricted shares probably.eom
Why doesn't that insider buy show in historical?
Ed...read the 2-18-03 news release.
Looks like this was shorted prior to
the S-8.
Historical prices indicate it on small vol.
days.
Have a good evening.
EZ
S-8/Historical Prices.
Had an S-8 issued on 2-6-03 which ended today.
Check this:
Metasource Group Inc ( MTSR)
Date High Low Close Volume
Mar 5 2003 0.03 0.02 0.03 143,800
Mar 4 2003 0.04 0.02 0.03 391,000
Mar 3 2003 0.05 0.04 0.04 426,500
Feb 28 2003 0.05 0.05 0.05 270,000
Feb 27 2003 0.06 0.04 0.05 306,100
Feb 26 2003 0.06 0.06 0.06 125,300
Feb 25 2003 0.08 0.06 0.06 229,500
Feb 24 2003 0.08 0.07 0.07 180,900
Feb 21 2003 0.08 0.07 0.08 308,500
Feb 20 2003 0.09 0.07 0.08 172,200
Feb 19 2003 0.10 0.07 0.08 170,300
Feb 18 2003 0.11 0.07 0.08 205,600
Feb 14 2003 0.12 0.09 0.10 138,300
Feb 13 2003 0.16 0.12 0.12 30,000
Feb 12 2003 0.23 0.11 0.23 49,800
Feb 11 2003 0.15 0.11 0.12 0
Feb 10 2003 0.19 0.11 0.16 104,200
Feb 7 2003 0.20 0.16 0.19 56,900
Feb 6 2003 0.25 0.20 0.22 98,400
Feb 5 2003 0.26 0.24 0.24 28,000
Feb 4 2003 0.35 0.25 0.25 3,400
Feb 3 2003 0.35 0.25 0.25 1,200
Jan 31 2003 0.35 0.35 0.35 1,000
Jan 30 2003 0.35 0.35 0.35 0
Jan 29 2003 0.35 0.27 0.35 11,300
Jan 28 2003 0.27 0.27 0.27 1,300
Jan 27 2003 0.27 0.27 0.27 0
Jan 24 2003 0.27 0.27 0.27 300
Jan 23 2003 0.55 0.27 0.27 1,700
Jan 22 2003 0.55 0.25 0.55 1,500
Jan 21 2003 0.40 0.25 0.25 43,100
Jan 17 2003 0.33 0.30 0.33 1,800
Jan 16 2003 0.35 0.29 0.31 22,700
Jan 15 2003 0.30 0.25 0.30 20,000
Jan 14 2003 0.60 0.29 0.29 76,200
Jan 13 2003 0.60 0.30 0.32 37,400
Jan 10 2003 0.60 0.35 0.35 4,300
Jan 9 2003 0.60 0.44 0.44 34,400
Jan 8 2003 0.56 0.56 0.56 500
Jan 7 2003 0.60 0.55 0.60 1,200
Jan 6 2003 0.56 0.55 0.55 5,600
Jan 3 2003 0.55 0.55 0.55 1,600
Jan 2 2003 0.55 0.55 0.55 0
Dec 31 2002 0.65 0.55 0.55 5,400
Looks like it was shorted; then an S-8 was issued.
EZ
What am I missing?This was over a buck a few months ago!?
12/18/02 News Release.
Press Release Source: MetaSource Group
MetaSource Group, Inc. Acquires International Trade and Development Group
Wednesday December 18, 3:26 pm ET
NEW YORK & LONDON--(BUSINESS WIRE)--Dec. 18, 2002--MetaSource Group, Inc. today announced its acquisition of International Trade and Development Group Ltd. (ITD) of London.
ITD is the parent of Craft Digital, Craft Media and OutsourceWorld. The acquisition broadens MetaSource's marketing solutions and software services for global businesses.
ITD marketing and software solutions include email and wireless marketing application development, data procurement and management, market research and events planning. ITD is also the organizer of OutSourceWorld, held in New York and London, the world's leading meeting place for outsourcing vendors and buyers. Top clients include McCann Erickson, Reeds Exhibitions, the Financial Times, Penton Media, Faulds and AutoTrader.
Commenting on the merger, James Freeman, Managing Director of ITD, said "ITD has seen steady growth in sales and cash flow despite the general cutback in marketing budgets. Joining the MetaSource family creates a slew of new opportunities to enhance our service offerings to our clients in Europe and the US."
Courtney Smith, CEO and Chairman of MetaSource Group, said "ITD brings a wealth of assets to our company, from both a marketing and application devlopment perspective. We intend to exploit immediate opportunities toward new sales and offerings as ITD works with our other subsidiaries."
For further information on ITD, please visit www.craft-digital.com or www.outsourceworld.org.
MetaSource Group is a consortium of companies that design and implement software and provide research and consulting services to businesses around the world. Services range from application development to research on current IT trends to conferences and publications for IT decisionmakers from the world's leading companies.
MetaSource trades in the US under the symbol MTSRE and is headquartered in New York City, with offices throughout the US and the UK. For further information please visit www.metasourcegroup.com.
EZ
1-17-03 News Release.
Press Release Source: MetaSource Group, Inc.
MetaSource Group Merges with AgencyFish
Friday January 17, 2:06 pm ET
NEW YORK--(BUSINESS WIRE)--Jan. 17, 2003--Moving to extend its applications and marketing services reach, MetaSource Group, Inc. today announced its merger with AgencyFish of London.
AgencyFish is an award-winning leader in marketing services including e-marketing application design, communications strategy, identity, print design, logistics and project management. Clients include CNN Turner Broadcasting, Daiwa, Fox Sports, ISI--Denstu Europe, Morgan Stanley Dean Witter, SriLankan Airlines and Atis Real Weatheralls.
Commenting on the merger, Stephen Peaple, Director at AgencyFish, said "This is a defining moment for AgencyFish, as we are now in position to vastly broaden our services and improve margins. As part of MetaSource we can now deliver cost effective application development, marketing programmes and research to our clients and new prospects."
Courtney Smith, CEO of MetaSource Group, said "With AgencyFish we round out our services to enterprise customers, and acquire some of the UK's leading designers and consultants. I hope and expect this acquisition to benefit shareholders and be accretive to earnings."
The acquisition is subject to closing conditions and is expected to close in February.
MetaSource Group is a consortium of companies that design and implement software and provide research and consulting services to businesses around the world. Services range from application development to research on current IT trends to conferences and publications for IT decisionmakers from the world's leading companies.
For information on AgencyFish, please visit www.agencyfish.com
MetaSource trades in the US under the symbol MTSR and is headquartered in New York City, with offices throughout the US and the UK. For more information please see visit our website at www.metasourcegroup.com.
EZ
1-23-03 News Release
Press Release Source: MetaSource Group, Inc.
MetaSource Group, Inc. Merges With OLB.com
Thursday January 23, 11:04 am ET
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2003--MetaSource Group, Inc. today announced its merger with OLB.com of New York.
OLB.com is a provider of turnkey online e-commerce and private label shopping solutions. The merger deepens MetaSource's consumer software applications and business marketing solutions.
OLB's proprietary ShopFast e-commerce platform enables consumers and companies to quickly establish a branded e-commerce website, leveraging their brand and site traffic to generate revenues and profits. OLB has recently signed to market its ShopFast platform through a leading consumer marketing firm.
Commenting on the merger, Ronny Yakov, CEO of OLB said, "In the past few months OLB has established a strong marketing channel to reach the consumer. Marrying MetaSource Group's technical and marketing resources with our channel gives OLB a solid road to growth."
Courtney Smith, CEO and Chairman of MetaSource Group, said, "The synergies we can develop with OLB are immediate, and the prospects for ShopFast are genuinely exciting. We expect to utilize OLB's e-marketing infrastructure for our other subsidiaries and leverage our programming capacity to further develop the ShopFast platform."
The merger is subject to various conditions to closing including OLB.com shareholder approval.
For further information on OLB.com, please visit www.olb.com.
MetaSource Group is a consortium of companies that design and implement software and provide research and consulting services to businesses around the world. Services range from application development to research on current IT trends to conferences and publications for IT decisionmakers from the world's leading companies.
MetaSource trades in the U.S. under the symbol MTSR and is headquartered in New York City, with offices throughout the U.S. and the UK. For further information please visit www.metasourcegroup.com
EZ
2-18-03 News Release.
Press Release Source: MetaSource Group, Inc.
MetaSource Group Announces Company's Consideration of 'Certificate Only' Trading
Tuesday February 18, 11:46 am ET
NEW YORK--(BUSINESS WIRE)--Feb. 18, 2003--MetaSource Group, Inc. (OTCBB: MTSR - News) announced today that is it considering the possible adoption of "certificate only" or "custody only" trading of its shares as a measure to ensure the integrity of the trading of its shares and to protect against naked short selling.
Mr. Courtney Smith, Chairman of MetaSource, states, "Our shareholders have expressed concern over the abnormally depressed price of our shares. They, and we, are concerned that they do not represent the strong value of our company. Some of our shareholders have stated that they believe that our Company's shares have been illegally shorted thus artificially reducing the price."
He further stated, "We are listening very closely to our shareholders. The management of this company are the largest shareholders and are also obviously concerned. No insider has ever sold any shares of the company. We further know that our float is relatively small so our shareholder's concerns that we may be seeing our stock shorted may be very accurate. We are investigating this potential now."
Mr. Smith continued, "We are beginning the due diligence now to determine if we wish to shift to a custody only style of trading. We will be moving very quickly to make a decision to ensure that we protect our fellow shareholders interests. We have no arguments with legal short selling and believe that it can serve a valuable economic purpose. However, naked short selling is illegal and attacks the very integrity of the capital markets as it represents illegal manipulation of a share price. "
Short selling of a stock occurs when someone borrows shares of a company and sells them looking to buy them back later and return them to their rightful owner. "Naked" short selling is selling a stock without the borrowing of actual shares and never delivering the shares to cover the short position. This has the effect of creating an artificial supply of stock thus artificially reducing the price of the stock. This is illegal in the United States. However, naked short sellers can execute these illegal shorts in other countries, thus circumventing US law. One way to sharply reduce this problem is to not allow clearing through the Depositary Trust Company but to instead use custody only trading.
Under "custody only" or "certificate only" trading, MetaSource would implement a share transfer system requiring the delivery of physical stock certificates. Investors would continue to use their broker for purchases and sales and would request the physical delivery of all of their shares. The certificates received by the Company's transfer agent for selling by investors would be cancelled and a new certificate for an equal number of shares would be issued in the name of the buyer. Therefore, no certificates would be issued in the name of Depository Trust Company, CEDE & Co. or any other nominee and MetaSource shares would no longer clear through the DTC system. It would be in the best interests of all shareholders to ensure that they participate in this 'custody only' trading since the share price will more properly reflect the company's status.
The Company believes that there would be no inconvenience to our fellow shareholders but that this would increase the integrity of trading in our Company's shares.
The Company is now actively investigating this new policy and will make a decision in a timely manner.
Mr. Smith said, "We have created an exciting company that has made four acquisitions in just the last two months. Our revenues are moving sharply higher with each acquisitions. We have a very strong pipeline of potential acquisition candidates. We believe we have built a solid platform for growth in the software sector. It is a shame that our share price does not reflect these strong positives. It may be that moving to a custody only trading method will restore some sense to our share price and help to reward our valued shareholders for their confidence in MetaSource."
MetaSource is headquartered in New York City, with offices throughout the U.S. and the UK. For further information please visit www.metasourcegroup.com.
EZ
Insider Buy.
2003-02-07 SMITH, COURTNEY
President 154,000 Purchase at $0.30 per share.
(Cost of $46,200)
EZ
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03/06/03
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