E-mail rec'd, ETCH:
Tuesday, May 9, 2000
OTC/BB: ETCH (Elite Technologies Inc.)
3700 Crestwood Parkway
Duluth, GA 30096
Phone: 770-381-8089
Fax: 770-381-8158
Company Website: elitetech.com
Current Price: $0.775 X $0.8438
52 Week Range:
Low: $0.125
High: $6.625
Market Cap: $45M
Shares O/S: 30M
Float: 3.5M
Projected sales after acquisitions: $25M
COMPANY PROFILE:
Elite Technologies, Inc. is a full service technology company seeking
to acquire corporations whose primary focus is technical, including
software development, staffing and consulting, as well as internet
based technologies. It should be noted, however, that the Company is
not limiting itself to these areas. The Company's revenue consists of
revenue as results of operations of its subsidiary corporations.
Elite Technologies is also an integrator and reseller of Eastman
Software and a premier partner with Hewlett Packard.
ETCH is fully reporting and just hired a new PR firm this week. They
currently have several profitable acquisitions in the works. We are
expecting a significant Press Release any day outlining current
developments.
EliteTechnologies has also expanded its technologies and has secured
revenue streams through it's recent acquisition of AMG, Ltd, a
company based in Atlanta ,Georgia which builds and deploys" pay
by
the minute" internet kiosks. These Kiosks are currently in
hotels,
airports, restaurants and other establishments, allowing users to
retrieve e-mail, Browse the net make travel arrangements and
reservations as well. The software is proprietary and owned by AMG,
and allows for unlimited advertising with active links to advertisers
web location. These kiosks are primarily used by business travelers
and average 15 ten minute sessions per day.
AMG has signed a contract, which confirms over 5,000 kiosks this year
to e-Webtraders.com and company, which has contracts with TelMex, the
National telephone company, to deploy AMG's kiosks throughout
South
America and Mexico. The contract represents $12 million in revenue to
AMG and Elite. Additionally, AMG has signed a letter of intent, which
is expected to be turned into a full contract this week with Adcom
for the purchase of an additional 20,000 kiosk over the next five
years.
Elite has also closed the acquisition of AV Travel to coincide with
the purchase of AMG. AC Travel is an internet based travel company
with over six million in revenue. It caters specifically towards the
international traveler who is aboard the US. The portals are in
multiple languages and available through AMG's kiosks. Through
the
use of AC Travel, Elite can effectively capitalize on AMG's
targeted
market, the business traveler.
AMG has also entered into an agreement with First Light Business
Services, Inc, for the purchase of an initial order of AMG's
kiosks
units. The units will be deployed in Broward and Dade counties in
Florida and have been successfully pre-sold with advertising rights
for the kiosk.
Recent Company Press Releases:
Mon May 8 ETCH.OB Elite Retains New IR Firm - Business Wire
Wed May 3 ETCH.OB Elite Subsidiary Closes Deal With First Light
Business Services, Inc. - Business Wire
Tue May 2 ETCH.OB Elite Technologies Inc /TX/ Financials - EDGAR
Online Financials
Mon May 1 ETCH.OB Elite Technologies Completes Agreement With AC
Travel - Business Wire
Tue Apr 25 ETCH.OB Elite Subsidiary Closes Deal With e-Webtraders -
Business Wire
SUMMARY:
In our opinion, Elite Technologies has positioned itself
strategically in the Technical arena via Software development and
Internet based technologies. This, coupled with the fact that Elite
Technologies is currently working with Hewlett Packard, Eastman
Software, and recent acquisitions of AMG and AV Travel, not to
mention a large influx of capital, make ETCH a "Strong Buy".
Please visit our website at: otcresource.com
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