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Gold/Mining/Energy : MADISON SYSTEMS(MADI) Multi Million Dollar Contract
MADI 0.00010000.0%Nov 28 9:30 AM EST

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To: John Liu who wrote (6)12/12/1997 11:16:00 AM
From: Don Savage  Read Replies (1) of 5832
 
I think the potential is huge, especially when they find a distributors in the United States and Europe. They have 15 employees who are all working to churn out as many of these devices they can per month.

It cost them $50 to make the product and they sell for $259.00 retail. They are spending approx. $20,000 per month now!

They have 7.8 million shares outstanding and approx. 2.8 million in the float

The person I talked to Rena Kallabriko said that their product has been tested by what I think he called it CEBA, which is comparable to are CIA. They gave it a security clearance of 4, NORAD is a class 5, and they could not break thru the system.

The product will work with a security firewall software produt or it will work just as well alone.

They have many patents on the device.

Their financials are being audited now, and should be reporting earnings for the first time as a reporting company some where around the first of the year.

The company looks great from what I can see right now, and they will look even better when we see some more news. Hopefully pretty soon!

Don S.



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