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Q: Small NASDAQ firm needs visibility ( Answered 4 out of 5 stars,   2 Comments )
Question  
Subject: Small NASDAQ firm needs visibility
Category: Business and Money > Finance
Asked by: mynick-ga
List Price: $150.00
Posted: 11 Oct 2002 12:55 PDT
Expires: 10 Nov 2002 11:55 PST
Question ID: 75403
How can a small NASDAQ-traded firm in the area of information and
Internet security increase visibility and attarct investors?

Request for Question Clarification by journalist-ga on 11 Oct 2002 13:43 PDT
Greetings!  For a researcher to be able to meet your specific needs,
could you clarify a bit on the methods you seek?  For instance, are
you interested in marketing and PR as a tool in securing investments? 
Or are you searching for an business plan to modify for your needs? 
There are several angles in the PR area, and I want to be certain you
receive the information you expect for your fee.

Clarification of Question by mynick-ga on 12 Oct 2002 03:45 PDT
I am looking more at the angle of PR and IR. Attracting investors.
Raising visibility.
Answer  
Subject: Re: Small NASDAQ firm needs visibility
Answered By: journalist-ga on 12 Oct 2002 11:44 PDT
Rated:4 out of 5 stars
 
Greetings again.  In the matter of raising visibility for your
company, there are numerous ways you might achieve this goal from
philanthropy to arranging for members of your corporate team to speak
at IT conferences.

The scope of your philanthropic efforts would depend on the size of
your budget.  Because your trade in Internet security and information
technology, you might consider offering an IT scholarship at a
university.  Sponsoring a student (especially from a disparaged
situation) would create a bevy of PR possibilities as well as
assisting young people to receive an education that might not
otherwise have the financial resources for continuing education.  This
could also be done in conjunction with a nationally known support
organization such as Big Sisters or Big Brothers, or on a state high
school level (your state of residence) in the form of a "future tech"
competition of some sort.  Scholarships are a wonderful way of support
and a great manner in which to gain recognition for corporations, and
to show investors that you are investing in furthering the knowledge
of young minds.

Another manner along the same line would be to offer grants to
learning institutions for the inception of educational programs
dealing with your services.  In my community, there is an
internationally known product provider that recognizes area teachers
each year and awards them with money to use in improving their
students' learning experiences.  The company does this in order to
give back to the community and to improve educational standards. 
Aside from scholarships and grants, your company might also consider
creating internships for graduating IT students.  The program has
created enormous goodwill in our area.

To gain visibility among corporate peers, I would suggest you arrange
for members of your team to give talks at IT conferences and at
conventions made up of those businesses that would benefit from your
products and/or services.  By widening your scope to conventions
outside IT, you would gain interest from possible future customers. 
Let’s say you did sponsor a scholarship – you could then branch into
the area of giving convention seminars on how you structured your
support of the future workforce.  This type of presentation would work
for all types of educational and corporate conferences, and all the
while your firm’s name would be presented to more and more future
investors.  Also, consider hooking up somehow with IT publications and
offer them free copy concerning IT and security isses.  In some
instances, publication space might have to be purchased but smaller
publications might welcome an "ask the security expert" type of
goodwill column.

While all the above goes hand-in-hand with investor relations, I would
suggest you have a highly visible Internet presence through a
no-nonsense web site that addresses investor relations.  Because of
situations like those of Enron, investors want to have access to all
the information they can when their money is involved.  An example of
the clarity in which you could inform investors may be viewed at
http://www.microsoft.com/msft/  I would suggest being as visible as
possible to your current investors and for your future ones.  Also,
that search yielded many corporate IR sites so you may want to peruse
a few to see how other corporations handle their Internet
presentations.

I also found a few organizations dealing with investor relations using
that general key phrase – you may want to consider joining one or
more:

National Investor Relations Institute (NIRI)
“a professional association of corporate officers and investor
relations consultants responsible for communication among corporate
management, the investing public and the financial community. With
over 5,000 members in 35 chapters around the country, NIRI sets the
highest standards in education designed to advance the practice of
investor relations and meeting the growing professional development
needs of those engaged in the field.”  “An uncommon value, NIRI offers
an extensive professional development program including seminars on a
wide range of topics to create and enhance professional competence
among members. Each June NIRI's annual conference attracts a full
third of the membership.”

Investor Relations Society
“Europe's leading professional body for corporate officers and
consultants. The Society's mission is to promote excellence in
investor relations and enhance corporate value through effective
communication.”

I welcome additional clarifications from you on this question because
your inquiry covers a broad range of possibilities.  Any specificity
you can offer me about your needs will further enhance my answer.


SEARCH TERMS and LINKS:

investor relations  [Google search]
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=investor+relations

Microsoft Investor Relations homepage
http://www.microsoft.com/msft/

National Investor Relations Institute
http://www.niri.org/

IR on the net
http://www.ironthenet.com/wipdefault.asp

IR counsel from IR on the net
http://www.ironthenet.com/serviceshome.asp?searchType=2&category=IR+counsel

Investor Relations Society
http://www.ir-soc.org.uk/index_flash.htm

Clarification of Answer by journalist-ga on 13 Oct 2002 14:59 PDT
Thank you for your generous rating of my work and I am pleased Google
Answer gave you satisfactory results.
mynick-ga rated this answer:4 out of 5 stars

Comments  
Subject: Re: Small NASDAQ firm needs visibility
From: omnivorous-ga on 12 Oct 2002 06:44 PDT
 
Mynick --

Researchers here work professionally in a variety of disciplines, from
marketing to PR to Internet development.  There are an infinite
numbers of ways of elevating visibility -- ranging from putting an
illustrious business manager on your board of directors to trying to
take over a larger firm.

It's understandable why you might not want to identify the firm, but
for researchers to be of any assistance, you should outline a position
and strategy for the company's products; probably also outline a
budget for PR/IR tasks.  You might also want to look at the National
Investor Relations Institute website to give you an idea of the state
of the industry:
www.niri.org

Best regards,

Omnivorous-GA
Subject: Re: Small NASDAQ firm needs visibility
From: prgal-ga on 18 Oct 2002 20:28 PDT
 
Dear Mynick,

You need good public relations counsel. There's a listing of some
excellent firms that handle high-technology companies at
http://venturereporter.net/pr_firms.asp
Another helpful source is the Public Relations Society of America Red
Book. It's a guide to credible counselors who abide by PRSA's Code of
Professional Standards.
http://www.prsa.org/_Publications/redbook/index.asp?ident=rb1

If you can't afford to hire a traditional agency, there are excellent
solo practitioners and "virtual agencies" with talented people who can
help you.

Interview several firms or individuals, be candid about your business
goals and objectives (under NDA, of course), and then ask for PR
proposals with ballpark budgets and client references.

Best of luck to you,

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