The capital raised by this offering will help us deliver these benefits to more people and ensure that our service quality continues to meet or exceed our customers' expectations. Like most Internet companies, FlashNet is losing money. In addition to its incentive program, FlashNet also hopes to expand by buying out larger ISPs.
Industry analysts remain skeptical.
They say they want to acquire companies larger than themselves to grow quickly, but I don't see how. They don't have the experience or infrastructure to pull an acquisition off. Investors have not been deterred by the pundits' skepticism. FlashNet's stock prices rose again after its initial week demonstrating that the Internet IPO frenzy includes ISPs and Web hosting companies.