Investrend
Announces Investment Opinion on TerenceNet, Inc.
NEW
YORK, Oct 3, 2002 (BUSINESS WIRE) -- Investrend
analyst Marc Friedman, MBA, has issued a Focus
Report on TerenceNet, Inc. (OTCBB: TCET).
The full report is available at www.investrend.com.
The Investrend Research rating system may be viewed
at www.investrend.com/iciratings.htm.
"TerenceNet,
Inc. provides integrated Internet-based web design,
strategic consulting and business advisory services
to small and medium sized businesses. TerenceNet's
business offering has evolved with the growth
of the Internet over the last six years,"
stated Friedman.
"During
the first six months of the year TerenceNet has
delivered strong sales growth. Its sales have
increased 64% over the first six months of 2001.
TerenceNet has taken additional major steps to
increase its gross margin. The first is what it
calls its bandwidth solution. The other major
step has been to identify offshore programming
contractors to subcontract computer code writing
for the company's custom application projects.
TerenceNet's near-term business plan calls for
reaching $225,000 in annual sales and a pro-forma
break-even on profits. Recent sales growth indicates
that are close to achieving their sales goal.
"TerenceNet
is filling a need in the marketplace providing
solutions for small and medium sized businesses
that cannot afford the solutions sold by the major
suppliers such as IBM. As long as TerenceNet continues
to update its product offering as the web services
industry evolves, effectively increases its marketing
efforts, and continues to provide low-cost solutions
for small and medium sized businesses, it should
be able to continue its recent growth," Friedman
concluded.
Mr.
Friedman is currently a management consultant
affiliated with McMillan/Doolittle, LLP and an
independent financial analyst. He received his
MBA in finance from the University of Chicago
and M.A. in marketing from the Katholieke Universiteit
Leuven (Catholic University of Louvain) in Belgium.
His experience includes serving as the director
of an investment research department at Dresdner
RCM Global Investors in San Francisco where he
spent eight years and working as a manager in
the corporate planning department of Montgomery
Ward and Company.
Investrend
Research has been a leading independent equity
research publishing and distribution program since
1996, with over 65 AIMR-qualified professional
analysts posting more than 450 reports to date.
Anyone, including a company, investor relations
practitioner, financial institution or interested
private investor, may enroll a company for coverage.
Enrollment fees vary, up to $3,380 for a CEOFocus
shareholder empowerment program, combining a Focus
Report and a CEOFocus interview, which is being
paid by TerenceNet, Inc. Analysts are paid in
advance for their initial reports by Investrend
to insure independence. Full details of the company's
policies and guidelines are posted on the website
at www.investrend.com.
Anyone
interested in receiving alerts regarding TerenceNet
research and other events should email info@investrend.com
with "TCET" in the subject line.
CONTACT:
TerenceNet, Incorporated
Terence Channon, 772/429-1401
tchannon@terencenet.com
Web site: www.terencenet.com and www.tcetinvestor.com
or
Investrend Communications, Inc.
Investrend Research Div.
R. Hempel, 718/896-5060
email: info@investrend.com
Web site: www.investrend.com
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