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Microcap & Penny Stocks : ACRT about to move to new highs
ACRT 0.110-7.6%Dec 30 4:00 PM EST

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To: John Chew who wrote (451)3/19/1997 8:28:00 AM
From: John Chew   of 7054
 
March 5 TAGLICH BROTHERS Update Research Report

($mils.) Mar 97 Jun-97 Yr. End Jun-98 Jun-99
TAD Revs $7.0 11.0 25.0 67.0 130.0
Intl Revs 5.7 6.8 21.6 23.5 28.2

Net Inc. .537 .540 1.71 2.91 5.22
EPS .08 .08 0.26 0.43 0.76

The TAD Program is an alternative method
of financing sales to special accounts
while securing the credit risk.

We advise clients to purchase ACRT because
we expect ACRT to continue to show compounded
EPS growth of 74% from FY 96 to FY 99 and
compounded revenue growth of 87% for the same
period.

Our Target price is $21.00 over the
next 12 to 18 months.

Though high growth rates may seem unsteady;
we believe our assumptions are very conservative
and do not incorporate major sales from ACRT's
new market, large companies, and sales from the opening
of 10 new regional offices that are planned for
the next 10 months.

ACRT plans to hire additional sales executives
and open 10 regional sales offices around the country.

FOR THE COMPLETE 7 PAGE REPORT,
PLEASE EMAIL YOUR MAILING ADDRESS TO
JC-Finworld@worldnet.att.net.
The report will be mailed within 3 business days.
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