CAOL: The Chinese AOL and Internet Lottery Message Board

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Non-Tech : CAOL: The Chinese AOL and Internet Lottery

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To: tylcar who wrote (424)	6/7/1999 12:14:00 PM
From: Dave Gore	Read Replies (1) of 720

OK, here is my take on the news: The company is expected to make $450,000 - $2.25 million net income before taxes with acquisitions to be acquired over the next year. Sounds good to me...very good. Now we need confirmation of the ISP end of the business and completion of negotations. I am pleased with the new website and this news update. Based on how conservative and thorough CAOL is, I feel we are in good hands with the investment. We will see. There isn't any hype surrounding this stock, so we should be near the low. From the PR: CATHAYONLINE INC. has projected to acquire approximately 50 operational Lottery Kiosks in the next six months, which, when fully operational, are expected to generate in excess of US $450,000 net annualized income (Earning Before Interest Taxes & Depreciation - EBITDA). The second phase of the Company's plan calls for the acquisitions of 150 additional operating Lottery Kiosks in the second half of the Company's fiscal year. When this phase is completed, the total annualized net income (EBITDA) is projected between US $1.75 million and pUS $2.25 million.

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