GNII - GLOBENET INTERNATIONAL I INC - The next Amway?
Please read the following very carefully. This company is on the right track
and is growing the sales force by 4000 per MONTH and is projected to be
8000 per month by year end!! This is an international company
and product can also be purchased over the INTERNET. I am excited about the
prospects for this company. Any comments welcome. I do own this security.
1. Earnings are to be $0.76 per share. At only10 times earnings this
is a $7+ stock. Amway trades at 13 times so that would value GNNI @ $9.88
!
2. The growth rate for distributors being added is also better than expected
3. The distributor network is also investing in the company stock thru
market purchases and possibly thru a commision purchase program.
With the improved outlook for coordination between concepts and product,
people, teamwork and capital,and that the shares appear tightly held by a core
of shareholders closely monitoring developments, prospects for further
appreciation in the near time appear bright.
now here is info from the website: rbcglobenet.com
COMPANY DESCRIPTION
GlobeNet International I, Inc. (GNII) is a holding company founded by
Clinton H. Howard, founder and former President of Carrington Laboratories.
The corporate headquarters is located in Dallas, Texas. GNII markets its
products through two subsidiaries, Royal BodyCare (RBC)
and Great Xpectations (GX) which markets their products through an
international network of independent home-based distributors. RBC markets
a line of over 200 high quality nutritional
supplements, vitamins, minerals, herbs and anti-oxidants and offers the
breakthrough mineral catalyst, Flanagan Microcluster, which makes any nutrient
more available to the body.
RBC's personal care products include a collection of aloe-based skincare
preparation. Branch offices and distributor points are in Canada, Indonesia,
Japan, Sweden and South Korea.
FINANCIAL HIGHLIGHTS
1. In October 1997 an internationally acclaimed religious leader helped the
company financially totheir bottom line to the tune of $1.25 million. The
additional capital was and will be will be used to finance the company's rapid
expansion and current rate of sales growth, which has escalated over the past
nine months from 5% per month to more than 15% per month.
2.Sales in the third quarter of 1997 were up 56% over the prior year and
year to date sales were up 71% over the prior year.
3.Since March 1997, GNII has experienced a 143% increase in the number of new
distributors signed up each month.
more info to follow
Joe PTG&LI !!! |
