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Integrity Incorporated (ITGR) Message Board

  • rockvilleguy rockvilleguy Dec 1, 1998 7:10 AM Flag

    news

    This should be great for ITGR as it gets ITGR on
    more internet stock buyers radar screens.


    Integrity Up 133%; Surge In Shrs Of Music Peer Didax
    Cited
    Dow Jones Newswires -- November 30, 1998


    NEW YORK -- Integrity Inc.'s (ITGR) shares climbed to
    a new 52-week high
    Monday on the heels of a
    recent runup in Christian music retailing peer Didax
    Inc.'s
    (AMEN) shares.

    An Integrity spokeswoman
    said that the flurry of excitement surrounding Didax's
    recent
    launch of The Music Channel, a Christian music
    World Wide Web site, sparked gains in
    Integrity's
    shares.

    Didax's announcement Wednesday sent its shares
    457% higher from a close of 3 3/4 on
    Tuesday to a
    settlement of 20 7/8 on Friday.

    "I think that people
    are just putting the two companies together," the
    spokeswoman
    said, adding that Integrity hasn't released any
    news that would be affecting the
    company's share
    price. Integrity produces and publishes Christian
    music.

    One market-watcher noted that Integrity, which
    also sells Christian music over the
    Internet, is
    one of Didax's biggest industry peers.

    Didax
    also operates other religious Web sites, sells
    advertising and sponsorships, retails
    religion-related
    products via the Web and provides technology services to
    Christian
    organizations.

    Shares of Chantilly,
    Va.-based Didax have recently returned some of the gains it
    made
    last week, trading at 18, down 2 7/8, or 13.8%,
    on volume of 4 million shares,
    compared to
    average daily volume of 86,700 shares.


    Integrity's shares have tacked on 4 1/16, or 135%, recently
    trading at 7 1/16 on volume
    of 506,600 shares
    compared to average daily volume of 6,500. Earlier, the
    shares
    surged to 12 1/4, eclipsing a previous 52-week
    high of 3 3/4 set on April 22.

    -By Nicole
    Ridgway; 201-938-5174
    Copyright November 30, 1998, Dow
    Jones Newswires

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