|
Featured Company - April 1996
Largest Banks In The World Employ Software Created By
Turn-Around Stock of the Decade
Investors Could Put Millions In The Bank On Skyrocketing High
Tech
---------------------------------------------------------------
Nobody would dispute the fact that we are living in the
Computer Age. While the microchip provides us with the ability
to ascend to previously unattainable zeniths, it has also
created opportunities for the unscrupulous to commit white
collar crimes from remote locations with nearly total
anonymity.
For instance, you've probably read about the teenage hacker who
entered the "Top Secret" computer domain of the C.I.A. and
nearly gained access to nuclear launch codes before he was
shortcut by government security. Twenty-first century hackers
are the modern day Jesse James Gang, but robbing banks no
longer requires a gun and holster. Within minutes, clever
hackers can transfer hundreds of thousands of dollars to
accounts anywhere in the world with a few keystrokes, and the
rest is history.
Financial institutions are
constantly challenged to provide
state-of-the-art computer systems
to prevent the invasion of internal
data.
The fact is that financial institutions are constantly
challenged to provide state-of-the-art computer systems that
can prevent the invasion and manipulation of internal data by
brainy computer hackers. Moreover, banking software systems are
among the most sophisticated platforms in the world.
The need for such high tech security is obvious. Consider the
fact that industry insiders estimate the market for transaction
and accounting processes used in banking to be nearly $15
billion and growing. Further, the bulk of this market is
located overseas with the USA representing only about a third
of the total revenue.
MTi Features Cutting Edge Technology
One company which is leading a major consolidation in the
banking software business is Management Technologies, Inc.
(MTi) (NASDAQ: MTCI). A large part of MTi's plan is to continue
to develop and acquire the best technology in the banking
business, while upgrading and enhancing the systems already in
place within an impressive and loyal customer base.
MTi Acquires Rights To McDonnell Information Systems
To accomplish this task, MTi recently acquired McDonnell
Information Systems Banking Systems Division (a former
subsidiary of McDonnell Douglas). MDIS Banking Systems and its
customer base is comprised of some 30 leading financial
institutions, with branches operating in over 70 countries.
This addition brings MTi's total customer base to over 150
financial institutions within excess of 13,000 users around the
world. The MDIS acquisition should increase MTi's revenues by
approximately 15% in 1996, making MTi an inviting investment
opportunity.
MTi's systems and services are
utilized by more than 150 banking
locations worldwide and supports
more than 4,500 trading positions
Many of the world's leading banks and financial institutions
employ MTi's systems and services. Some of these include Bank
of Ireland, Industrial Bank of Japan, Westdeutsche Landesbank,
Bayerische Landesbank, Landesbank Rhineland-Pfalz, Banca di
Roma (Italy's largest bank), Bank of Canada, UBS
(Union Bank of Switzerland - the largest bank in existence),
and Barclays Bank. In addition, MTi recently announced that
Cariplo Bank in Italy, the largest savings bank in the world,
selected the Company as a strategic global partner for the
supply of international trading solutions and products.
Also, MTi and Caisse National de Credit Agricole (CNCA), the
largest bank in France, recently signed a contract for the
ongoing maintenance of their sophisticated OpenTrade system
which supports their trading operations. The Assistance and
Global Support Services contract was previously held by
Digital Equipment France.
Classic Turn-around Could Be Money In The Bank
Why are the top banks in the world working with MTi? Management
Technologies, Inc. can best be described as a turn-around in
progress. After being founded in 1980, the company was well
positioned to skyrocket sales of its financial software and
services market more than a decade ago. But, when management
failed to reach its objectives, Wall Street virtually
abandoned the company.
However, less than two years ago, the operations side of the
business took control, installed a new management team composed
of savvy industry professionals, and embarked on an entirely
new business plan focused on aggressive earnings and revenue
growth. This new management team and staff invested personal
funds to buy back blocks of the company's stock, while
also further capitalizing enhanced company operations. Further,
in March 1996, MTi employees demonstrated their confidence and
support in this new management team by oversubscribing the
first tranche of MTi's Employee Stock Ownership Plan by 167%,
resulting in a capital inflow to the company of $1,250,000.
Skyrocketing Revenues Expected To Continue Soaring
The results have been nothing less than dramatic. MTi has cut
losses in each of the last four quarters - and in fact, just
recently posted their first profitable quarter in years.
Moreover, annualized revenues have soared from only $4 million
in 1994 to $18 million in 1995 and projects more than $35
million for 1996.
MTi has seen its annualized
revenues soar to more than $35
million, up from less than $18
million in 1995 and only $4 million
in 1994.
MTi is headquartered in London and maintains regional offices
in Paris, Frankfurt, Singapore, and New York. The Company also
has agents in all the major financial centers of the world. MTi
has positioned itself, geographically speaking, to personally
provide the highest quality products and support to the worldÕs
most prolific financial centres.
Global Banking Solutions Give MTi Competitive Edge
One of MTi's competitive advantages is that its systems offer
fully customized, multi-currency, multi-lingual and
multi-branch environments. The MTi banking system also permits
real-time transaction processing, meaning that the instant
funds are posted to an account in Geneva, Switzerland, the
transmitting bank in New York will post identical data.
Prior to this technological enhancement, financial institutions
risked losing hundreds of thousands, and in many cases,
millions of dollars, to system time delays which could not
accurately provide "real time" conversion rates. In the time it
took the Geneva system to recognize thetransaction from New
York, conversion rates from swiss francs to dollars
may have shifted up or down - resulting in one bank losing.
MTi Sets Sights On America
MTi has proven to be very successful in providing custom
solutions to financial institutions worldwide -- with one
exception. In 1995, MTi's sales within the United States
totalled $1-$2 million. Recognizing that the US market
represents nearly one third of the entire global marketplace
for banking systems and trading solutions, MTi has placed
corporate emphasis onpenetrating and conquering the American
banking industry.
With its in-depth knowledge of the
industry, MTi is perfectly
positioned to capitalize on
financial markets worldwide.
In fact, Management has pledged that by the end of fiscal year
1998, which is less than 25 months away, United States clients
will be generating nearly one half of the total company
projected revenues, or roughly $50 million.
If MTi's penetration into the U.S. market equals their success
abroad, the Company is likely to achieve their goal of $100
million in annualized revenues by 1998.
The Investor's Edge
With a management team which has demonstrated a significant
ability to maximize the strengths of the company, a marketing
team that has amassed a virtual who's who of clientele, a
dedicated staff which has grown from less than 50 people a few
years ago but now numbers 270, and a superior range of
products that are constantly being refined, it is easy to see
how MTi is poised to become a major global supplier to the
banking and financial industry.
Don't wait until this stock takes off to realize you had
advance notice on the technological advances and strategic
partnerships this company has developed. To learn more about
MTi, For additional information on this exciting
company...Simply Click Here to Request a FREE Detailed Report
on
Management Technologies, Inc.
---------------------------------------------------------------
MIKE |
|
