Does anyone remember this individual?
July 20, 1999 05:16
Grespinet Investments Inc. Announces Investment Opinion
LOS ANGELES--(BUSINESS WIRE)--July 20, 1999--Grespinet Investments
Inc. (http://home.att.net/~grespi), a privately held investment company
that specializes in investing in emerging microcap companies with
substantial market share (in the open market or privately) and trading
and investing in Nasdaq stocks under $30 chosen from carefully selected
technical indicators, is issuing a report on Film Roman Inc.
(Nasdaq:ROMN).
Film Roman, which develops, produces and distributes a wide range of
television programming for television and cable networks, both
domestically and internationally, is behind megahit shows like "The
Simpsons," "King of the Hill,"The Downtowners," "The Family Guy" and the
"Mr. Potato Head Show." Under the new and energetic leadership of
CEO/President David Pritchard, the company has already seen its revenue
rise 32 percent to $12.3 million with losses falling almost 30 percent
to $534,000 for the first three months ending 3/99.
This new well-focussed and energetic management team led by Pritchard is
currently developing a wide range of projects:
1. Primetime animation: "Doomsday," "Til The Fat Lady Sings,"
"The Cabbisons" and "Dumont's Doublewide."
2. Live action: "Chain Letter," "Mission Extreme" and "Sirens."
3. Feature films: "The Fabulous Furry Freak Brothers," My First
Mister" and "Asphalt."
This slate of featured projects is only the first round of Film Roman's
aggressive growth strategy.
Fundamentally, Grespinet Investments believes that Pritchard's ambition
is to substantially increase Film Roman's presence in the entertainment
industry and eventually turn it into a powerhouse, possibly rivalling
such industry majors such as The Walt Disney Co. (NYSE:DIS), Time Warner
Inc. (NYSE:TWX), Viacom Inc. (NYSE:VIA) and Seagrams Ltd. (NYSE:VO).
Film Roman has only 8.52 million shares issued and outstanding and 3.2
million in the float (only 1.5 million of which Grespinet Investments
believes to be active). The company's book value is $1.36 per share,
which includes $1.11 in cash (or cash equivalents), therefore trading
only marginally above two times its book value, and reports no debt.
Grespinet Investments believes investors and stockholders in Film Roman
can expect to see substantial return on their investments and foresees a
target price of $8 within eight months.
Grespinet Investments Inc. does not promote, hype, tout or recommend
stock to anyone. It uses its own money and answers only to itself for
its successes and failures. Grespinet Investments does not care if
anybody buys any stocks it likes or not. It only expresses its opinions
to those who care to listen.
This news release may contain forward-looking statements. No explicit
promises are intended herein. Any investments in these designated
securities should be considered highly speculative. The company
recommends that any prospective investors consult with an investment
advisor, broker or attorney prior to investing in any of these stocks.
This news release is not intended as a general solicitation or offer to
sell securities.
CONTACT: Grespinet Investments Inc., Los Angeles
Claude Grespinet, 310/472-1439 |
