GCDV, well lookie here. Today's Truthseeker quiz is who is Alexander Ruge? The answer can be found in the SEC archives sec.gov ?
OFFICERS
Alexander Ruge CHAIRMAN / CEO
Maryann Klimm CORP. SEC
Hans Klimm CFO
To: Joe Copia (38817 )
From: flodyie Wednesday, Jun 16 1999 11:44AM ET
Reply # of 39007
Here we go...you'll like this stuff on GCDV
BUS GRACE DEVELOPMENT INC. ENTERS LETTER
Jun 14 1999 20:20
of Intent to Merge with New Millennium Multimedia Inc.
Business Editors
DENVER--(BUSINESS WIRE)--June 14, 1999--Grace Development Inc.,
(NASD BB: GCDV) a Colorado corporation, has entered into a Letter of
Intent to merge with New Millennium Multimedia Inc., a Georgia
corporation. New Millennium Multimedia Inc. is a communications company.
CONTACT: Grace Development Inc., Denver
Jacob Barrocas, 303/337-5700
Remember this scummy stock promoter?
HOT STOCKS REVIEW ("ZHSR,BANDB")
GRACE DEVELOPMENT INC ("GCDV-L")
- Grace Dev: SPECIAL REPORT By George Chelekis
- Technology-Oriented Telecommunications
HOT STOCKS WHISPERS SPECIAL REPORT By George Chelekis * July 18, 1995
TEL: (813) 446-5612 * FAX: (813) 449-1421
SPECIAL REPORT *** GRACE DEVELOPMENT, INC. (OTC BB:GCDV) ***
GRACE: TECHNOLOGY-ORIENTED TELECOMMUNICATIONS
The technology held by Grace Development, Inc. (OTC BB:GCDV) may
put an end to the endless series of wireless cable television (WCTV)
scams we've seen in this decade. It is my belief that a superior
technology, product or service, as opposed to government
interference or regulation, is the ultimate solution to any problem. In the case of wireless cable television scams, if one company were to
develop a WCTV network superior to the piecemeal rot being touted
across the US, then there would be less opportunity to bilk investors.
The better mousetrap might spawn imitators but at least an industry
standard would have been set. Grace Development may be heading in
the direction of establishing a premier WCTV network. An
investment in Grace Development may be on the order of getting in
on Ted Turner's cable television network expansion, two decades
earlier, or investing in Home Shopping Network as it was being
formed. Time will tell if an investment in Grace would be as
lucrative.
What separates Grace Development from the other wannabees is that
Grace DOES have one wireless cable television station in operation,
has contracts signed for three more stations and is in the final
negotiations for a fifth television station. This is currently the only public WCTV company which also owns a technology. More
importantly, the company has recently acquired leading-edge
technology, by way of patents, that reduces the per-channel cost to
start basic WCTV broadcasting. The difference between "the others"
and Grace is that GCDV is not a wireless cable television "investor
promotion scheme," but a technology-oriented telecommunications
firm run by a mechanical engineer with a strong investment banking
background. This is currently the only publicly traded WCTV
company, of which I am aware, that also owns a technology integral
to its business. Not only would Grace have wireless cable television
stations in place and broadcasting, the company also intends to
commence manufacturing WCTV equipment and to license its
patented technology to the movie industry. If all of these objectives
are accomplished, then Grace would become a major industry player.
Consider this. Grace has the proven technology to compress two
channels onto one existing channel. It has recently entered into an
agreement to acquire a video "scrambling" technology, which in itself
could be marketed as an idea for a spin-off public company -- if I
understand this correctly, that technology would prevent pirating of
first-run movies. The scrambling technology allows for video
broadcasting of a program while, at the same time, preventing the
VCR recording of the same signal -- something that hadn't yet been
cracked and which loses untold sums for movie makers.
There is still a lot of work to be done in streamlining the entire
gameplan and marketing the company's patents. By September,
Grace anticipates having five (or more) WCTV stations in place. Right
now, the company has a six channel station in Roanoke, Virginia in
operation -- four of those channels are commercially owned by the
operator, two are leased and four more channel leases have been
negotiated. Market research shows that a station with twelve
channels is going to struggle, or fail, and it would take 18 channels
for a station to be profitable. A station needs 4,000 paid subscribers
to become profitable. That's been the unspoken downside to many of
the WCTV pitches you've heard or read about. It would take the
analog compression technology which Grace says it can offer to
overcome the current industry obstacle of just being profitable.
Should the budding WCTV industry expand, at the rate some
forecasts suggest, then Grace would be well-positioned to capitalize
on that growth. Because their strategy calls for providing essential
components, which would determine a station's profitability, they
may emerge as the predominant gatekeeper to those stations hoping
to survive. Just before we went to press, GCDV announced the
company was acquiring a portion of Network Teleport, Inc., a New
Orleans based satellite company. That may be an indication of
additional strategic alliances to come. Jointly, they hope to develop
the entire southeastern market (Louisiana, Georgia, Florida, et al.).
Grace is also currently negotiating to acquire Continental Wireless
Cable Inc., also based in New Orleans, Louisiana.
As noted earlier, this is a technology-based telecommunications firm.
Grace is methodically assembling the blocks for its castle. Earlier this year, GCDV acquired 30 percent of Valert, Inc., a development stage company which owns a patented technology relating to credit-card
protection -- a smart card that deactivates the use of the credit card
once separated from its owner for more than two minutes. It is not
clear whether this acquisition is part of the program or a spin-off of
its own. Perhaps, it may be a revenue generating vehicle upon
licensing... or there is a technology within it that is vital to GCDV's overall plan. It appears to me, though, that GCDV may now have the periphery technology necessary to exploit a wireless network.
If this moves ahead the way I believe it may, then an investment in
GCDV could be a memorable one.
Other Info:
G C D V U S GRACE DEVELOP
ADDRESS
1501 Lyndon B. Johnson Freeway
LB 106
Farmers Branch, TX 75234
PHONE (800) 414-0021
TRANSFER AGENT
Securities Transfer Corporation, TX
OFFICERS
Alexander Ruge CHAIRMAN / CEO
Maryann Klimm CORP. SEC
Hans Klimm CFO
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