BUDH - WWW.BudgetHotels.COM
BUDGETHOTELS.COM
(OTC BB: BUDH)
Shares Outstanding: 14,490,000
Active Float: 2,400,000
Recent Price: $.93
52 Week Bid Range: $0.25-$2.50
Capitalization: $33.64M 2000 EPS: $0.49
2001 EPS: $0.93
P/E Ratio: 6/1
Book Value /Share: N/A
Dividend Yield: N/A
Budgethotels.com recently entered into a long term (15 year) agreement with Greyhound Lines Inc. which gives the Company the exclusive right to install its display boards in Greyhound's terminals. This agreement gives Budgethotels.com access to a captive market of significant size, which it can sell to prospective advertisers (thirty million passengers a year pass through Greyhound's terminals. Budgethotels.com has installed 48 boards to date and has also installed boards under agreements with New York Port Authority, New Jersey Transit Commission, Amtrak's Chicago Union Station, Toronto Transit Commission and Via Rail. The Company estimates that there are approximately 400 locations for its boards in North America. This represents a potential net operating revenue of approximately $12,000,000 U.S. annually.
HOW IS THE COMPANY POSITIONED?
Budgethotels.com is already profitable. The Company is expanding rapidly and expects to be self-funding through funds generated by operations. BUDH has projected profits of $3,528,334 for its first year following the implementation of its expansion plans and $7,2220,000 in its second year. The projections are based on a growing advertising concern that will evolve in two years into 110 information boards and 2,500 hotels signed onto the website.
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