DAG Media Inc. Announces Approval for Standard and Poor's Listing
Friday September 10, 10:00 am Eastern Time
NEW YORK, Sept. 10 /PRNewswire/ -- DAG Media Inc. (Nasdaq: DAGM ), a major publisher and distributor of yellow page directories, announced today that the Standard and Poor's Editorial has approved the Company for a full description in Standard & Poor's Standard Corporation Records.
Additionally, the Company will now have its description published in Standard & Poor's Daily News Section. Standard and Poor's will also initiate financial coverage of the Company as part of the S&P Market Access Program. DAG Media Inc. will have coverage on Standard and Poor's Internet Site, http://www.advisorinsight.com, as well as S&P Marketscope and the S&P Stock Guide Database.
Assaf Ran, president and CEO of DAG Media Inc. stated ``This is an important milestone for DAG Media Inc. Our investors and the financial community have been waiting for DAG Media Inc. to gain this approval. Standard & Poor's financial coverage program is one of the industry's best and we will utilize this program to broaden the dissemination of company news and heighten the awareness of DAG Media Inc. to the financial community.''
Standard Corporation Records is recognized securities manual for ``blue sky/ manual exemption'' trading in approximately 35 states. DAG Media Inc.'s listing in Standard Corporation Records should assist the brokerage community in making a market for DAG Media's stock. However, it is recommended that brokers check with the blue sky laws in their given state.
DAG Media is a distributor of yellow page directories both in print and on the World Wide Web. DAG Media's site at http://www.porty.com provides online advertising store to the various publications advertisements as well as a national business and residential listing. DAG Media's site offers engaging content and high quality interactive advertising campaigns in a personalized environment. DAG Media's goal is to become the largest publisher and distributor of yellow page directories in print and online. New Yellow, a general interest yellow page directory that competes directly with the Bell Atlantic Yellow Pages in New York, was launched in May 1999.
Statements in this press release concerning the future business, operating results, and financial condition of DAG Media Inc. are ``forward-looking'' statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward looking statements is inherently uncertain, and actual performance and results may differ materially. Further information on factors that could affect the Company's financial results are included in the Company's business plan, dated May 18, 1999.
SOURCE: DAG Media Inc.