There have been many rumors out that ATHM was going to buy EVCI. ATHM and EVCI recently announced a co-marketing agreement.
Here is the thing, though. When EVCI announced co-marketing agreements with AT&T and Bell Atlantic, to co-market EVCI's high speed, interactive, video conferencing system, they made large announcements with lots of information. This is all that was to the ATHM announcement:
YONKERS, N.Y.--(BUSINESS WIRE)--Oct. 22, 1999--Educational Video Conferencing, Inc. (Nasdaq: EVCI; PCX: EVI; BSE: EVI) has entered into a co-marketing agreement with Excite@Home to provide access to programs offered by EVCI's education providers over
Excite@Home's high speed Internet network.
I think there is more to this considering all of the other events that have been occuring with EVCI and the difference in the announcements of "all" of the other events compared to the "ATHM" announcement.
EVCI delivers accredited college courses and degree programs, as well as professional development, coporate training and other programs, to students, corporations and others via interactive video conferencing systems. For the six months ended 6/30/99, net revenues totalled $537 thousand, up from $151 thousand. Net loss rose 87% to $1.9 million. Results reflect a 165% rise in student enrollments, offset by higher S/G/A due to staff additions and costs related to a marketing campaign.