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Non-Tech : TrimFast Group Inc, (OTC BB - TRIM)

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To: Jeffrey L. Henken who wrote (22)6/28/1999 7:41:00 PM
From: Tensane 1   of 35
 
Jeff,

Now that we are up to date, let's look more in detail at the deals and what has been given to us by the company in the form of company investment packets. First of all, the company has said in their investment packets that they expect sales of $10 million for the 1999 year on existing products. Now add sales of the WCW bars to that and you have sales that could reach $15 million this year,IMO. The company made over $600,000 last year on sales of $2 million. Can you use these figures on this year's sales? Probably not due to the startup of the new website, but let's at least give it some thought. $15 million vs. $2, hmmm any economy of scale? Let's say that they make the same ROI, then you are looking at a gross profit of $4.5 million. Taking a 30% tax rate, you come up with a $3.1 net. Considering that there are only 4 million shares outstanding, this gives us a net profit of .79/share. This does not include internet sales!!!, which in my opinion, is the real reason to invest in this company. What can that add? Don't know at this point but I but you that this will be the real big winner of this company. It sure seems undervalued at these levels, IMO.

Kevin
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