Trying to bring this thread back to life....
This company appears to back on track and firing on all cylinders:
1. "Avert continued to add new customers to its client base with 1,460 in the third quarter, a 149% increase over 587 added in the third quarter last year. Through nine months, the Company has added 3,273 in 1999, up 119% as compared to 1,494 in the same period in 1998."
--These new customers will continue to pump in repeat business as they get comfortable using AVRT's internet model. (IMHO)
2. "On July 13, 1999, Avert announced an additional agreement with Automatic Data Processing (ADP), Employer Services, (New York Stock Exchange/AUD) to broaden its joint marketing partnership. This agreement called for Avert services to be offered nationwide to ADP customers in the Major Accounts division. An earlier announcement (May 11, 1999) between Avert and the Emerging Business Services division of ADP offers Avert services to ADP customers employing fewer than 100 employees."
--This could be a huge new market for AVRT. They now cover the entire spectrum of businesses that outsource their payrolls. That small business market must be very fragmented in terms of who small companies choose to do their background checks on employees. Now, they have a quicker, easier, and cheaper solution to get info...and will probably trust the ADP name (through AVRT) to get results.
3. "In other news for the quarter, the Avert Board of Directors approved an additional $500,000 for the Company's stock repurchase program. To date, the Company has purchased a total of 219,850 shares under the stock repurchase plan, 12,500 during the third quarter of 1999."
--I always love it when companies buy back their shares.....
4. Yahoo angle:
biz.yahoo.com
webhire.com
--click on About Webhire--->Partners--->Webhire Network Partners--->Pre-Employment Services.
Any comments out there?? |
