| BIZZ is @ $.25/share on June 18, 2001. This is a regional company, in upstate New York, derived from 12 local ISP's and telecom firms, each individually profitable at the time of purchase by BIZZ. Thus, BIZZ has excellent revenue streams with more that 90% repeat billings made by credit card to mostly commercial accounts. When BIZZ's most recent local ISP purchase was made, in August, 2000, BIZZ's cash flow was stretched to the limit. Likewise, BIZZ inherited "dead wood" staff, etc..which served bloat payroll and diminish profitability. This evolved to the point wherein, during November, 2000, NASDAQ delisted BIZZ for failure to maintain adequate share value. BIZZ has since turned the corner to profitability. In the 1st quarter, 2001, BIZZ posted positive earnings for the first time, ever, in the company's two year existance. BIZZ accomplished this by reducing operating costs, eliminating duplicate functions, etc., within the framework of very consistant revenues (see SEC 10Q's). Thus, baring unforseen obstacles, BIZZ should continue to show profitability, and, with proper exposure, return to the NASDAQ board as a member in good standing. For tech stock and momentum investors, BIZZ is a company with legitimate potential to provide an excellent return on funds invested. For more specifics check out the company's web site at www.biznessonline.com. All comments welcomed. |
