VERC
Don't post much but this looks like a great stock.
A friend forwarded this DD to me over the
weekend. Enjoy and hope all can make some
money.
Tex
VersaCOM International, Inc.
("VERC" on OTC-BB)
VERSACOM IS A PROFITABLE & RAPIDLY-GROWING COMPANY
VersaCom International, Inc. ("VERC" on OTC-BB) is a full-service provider
of telecommunications systems, data networks and related services
throughout the United States, offering customers a single source solution
for all their voice and data communication requirements (complete details
on VersaCOM's products and services can be found at the Company's website:
www.VersacomInc.com).
TheSUBWAY.com just released an Investment Opinion on VersaCOM
International, Inc. (see:
thesubway.stockpoint.com
=20010412\102b7869.xml&Symbol). Their report states that: "VERC is new to
TheSUBWAY.com, and we are expecting great things to come from the company.
With only 14 million shares out and not much more than 6.5 in the float,
the stock should move quickly, and a forward split is not out of the
question in the future. CRG feels that VERC will be trading over the $5.00
mark in the short term with a 6-12 month target of $12." TheSUBWAY.com
also released a positive report on AB Watley Group Inc. (NASDAQ:ABWG) on
April 4, 2001. Since then, ABWG traded at record volumes and soared almost
100% from about $5 to $9.
VersaCom recently announced that it was selected as the first company in
the United States to enter into a Master Distributor Agreement with Telrad
Networks, a major manufacturer of telecommunications equipment with
worldwide sales in excess of $500 million. The Telrad agreement represents
about $6.5 million in current (2001) business; VERC expects to earn a 25%
margin on these sales.
Although VersaCOM primarily markets, installs and supports Telrad Networks'
telecommunications product line, the Company also provides various voice
and data networking equipment from other leading manufacturers such as
Lucent, Cisco, Valcom, and others.
VersaCOM's revenues in its first full year of operations (2000) were in
excess of $3 million, with profits (before one time expenses) of $700,000.
Over the last 12 months, VersaCOM's customers have included both large and
small companies from a wide variety of industries such as Rexall Sundown,
The Check Cashing Stores, PrimeSource Financial, American Association of
Airports, Suburban Hospital and ByeByeNow Travel
This year, VersaCOM estimates that it will earn a gross profit of $7.62
million (about 53 cents per share) from sales of $18.09 million
VersaCOM has projected (conservatively) that by 2003 it will be generating
revenues of $100 million and approximately $25 million in profits (EBTDA).
With a successful and profitable business, at some point over the next
several years the possibility exists that VersaCOM will be purchased or
merge with a larger competitor.
VERSACOM HAS ENTERED INTO AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH TELRAD
NETWORKS, A TELECOM EQUIPMENT MANUFACTURER DOING $500 MILLION IN SALES
VersaCOM is the first company in the United States to enter into a Master
Distributor Agreement with Telrad Networks, a leading supplier of telephony
equipment (http://biz.yahoo/com/bw/010410/2007.html). The agreement
enables VersaCOM to sell and service the full range of Telrad's
state-of-the-art switches, PABX and telephone systems.
VersaCOM will provide Telrad products, technical support, and marketing and
sales support to Telrad's ``Service-Only Dealer'' base in the eastern U.S.
These Telrad Dealers currently generate sales of approximately $6.5
million upon which VersaCOM expects a 25 percent profit. VersaCOM is
actively recruiting other telecommunications equipment dealers to
distribute Telrad's product line.
Telrad Networks (www.Telrad.com/telrad.html) has over 30,000 customers
worldwide, and offers a wide range of telecommunications products and
services (www.telrad.com/t_busol.html). Telrad is owned by Koor Industries
(NYSE:KOR - news), Israel's largest industrial company.
REASONS WHY THE TELRAD DEAL IS SO IMPORTANT TO VERSACOM'S FUTURE.
VersaCOM is now able to purchase telecom equipment from Telrad at
significant discounts - in fact, VERC receives a larger than does Nortel.
Compared to Nortel, VersaCOM has relatively low overhead. We believe that
VersaCOM can install telephone and computer systems for 10% to 15% less
than Nortel, while providing part-time Microsoft Certified Systems
Engineers (MCSE) to the client for about 50% less than Nortel can do the
same installation for.
Nortel is VersaCOM's main competitor, so the fact that VersaCOM can buy
equipment cheaper and has significantly lower overhead costs would lead one
to the conclusion that VersaCOM could significantly underbid Nortel on just
about any contract. Another key point is that VersaCOM gets a two year
warranty on all telecommunications equipment purchased from Telrad, whereas
Nortel only gets one year of coverage.
As VersaCOM gears up its sales and marketing efforts, we expect that these
competitive advantages will result in significant sales and profits
accruing to VERC's accounts.
VERSACOM HAS ALSO ENTERED INTO A PARTNERSHIP AGREEMENT WITH BELL SOUTH
VersaCOM recently signed a partnership agreement with BellSouth Corp.
(NYSE:BLS - news) to become a BellSouth Business Partner (see:
biz.yahoo and
biz.yahoo.
Now, when VersaCOM sells and installs a voice network or data network
system at a client's facilities, as a BellSouth Business Partner, VERC can
also sell local and long distance services as well as broadband services
(DSL, T1, etc.) provided by BellSouth. VersaCOM will earn monthly residual
income from customer usage through BellSouth.
BellSouth serves most of the business and residential users in Alabama,
Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South
Carolina and Tennessee with one of the most modern telecommunications
network in the world.
VERC Share Structure & Recent Trading Range
Shares Outstanding: 14,421,000 common
Public Float: Est'd @ 4 million
Last Trade (April 12, 2001): US$1.10
The Company's officers, directors and other key employees own / control
approximately 10.6 million shares (~ 74%). We believe that a forward-split
of VERC's stock is likely at some future date.
VersaCOM is a fully-reporting company with the SEC. All public filings can
be accessed through the FreeEdgar database: freeedgar.com
VersaCOM has been approved for a complete corporate listing in Standard
and Poor's Corporation Records (http://biz.yahoo/com/bw/010406/0199.html).
For Additional Information, Please Contact:
Versacom International, Inc.
Toll-Free: (800) 531-1577
E-Mail: info@VersacomInc.com
Recent News Releases
VersaCOM Announces Listing in Standard & Poors
(http://biz.yahoo/com/bw/010406/0199.html)
VERC Named First U.S. Distributor for Telrad Networks
(http://biz.yahoo/com/bw/010410/2007.html)
VERC Signs Partnership Agreement with BellSouth Corp
(http://biz.yahoo/com/bw/010411/0192.html)
VERC Joins BellSouth Authorized Business Partner Program
(http://biz.yahoo/com/bw/010411/2056.html)
Investment Information
Noble House of Boston, Inc.
Toll-Free: (888) 217-2553 |
