I just got this email on the co.
I bought DRGI as a momentum play but decided to hold it and see what
develops several news releases are expected in the next couple of weeks. This Company seems to have a lot of promise, the more research I do the more I like it . Here is their website and some info. diversified-resources.com
The company is presently DEBT-FREE, Profitable, has millions in the bank as cash!!! By Mid August 1999, FD share expected to be 85,000,000 after close of real-estate property aquisition and aquisition of Prepaid Cellular Solution.
They will soon have 3 major profit centres of which details will follow in future PR!
Profit centre #1: Real Eastate Division. They acquired property in North Carolina which contains 1600 lots. The deal has CLOSED. Financing for property done through issuing restricted and free
trading shares plus cash. However, they can not recieve title to the property until Dec 01/99---this was part of the purchasing agreement with the prior owner of the property. DRGI have already securred commitments for 1200 lots at an average price of approximately $60,000/lot. Cheques can start being cashed after they recieve titile.
Presently, Hilton is in contract talks to built a 280 room Hotel Resort on the property.
Chrchhill & Banks has 1st right of refusal with DRGI to develop a 20 acher commercial complex.
A golf course developer has contracted with DRGI to build a new golf course!!
Drecker & Folk have signed 1st right of refusal with DRGI to build a complex of 80 appartments.
Financing was arranged with the Bank of Boston and is closed!!!
THE REAL ESTATE AQUISITION WILL GIVE DRGI ASSETS OF OVER $30,000,000. Net income is expected to be $5,000,000 per year for the next 5 years!!!! Earnings per share for the real estate aquisition
is expected to be approximately $.06/share for the next five years based on 85,000,000 share o/s!
Profit Centre #2: Battery Division:
THE PREVIOUSLY announced intent for PrePaid Cellular Solutions, Inc. of Melbourne, Florida through DRGI's wholly owned subsidiary, Cordless Power Corporation is EXPECTED TO CLOSE WITHIN DAYS!!! PR WILL SOON BE OUT!
Under the Agreement, PrePaid Cellular Solutions will purchase cellular
telephones and accessories exclusively from Cordless Power Corporation for distribution to its growing network of prepaid cellular customers.
Cordless Power Corporation is completing the packaging, design and equipment needed to supply the prepaid cellular phones, leather phone
cases, high capacity cellular batteries, and cigarette lighter rechargers for distribution by PrePaid Cellular Solutions, Inc. to their retail customer network.
"Gross sales are projected to exceed $1,500,000 per month within the first 120 days of the project ramp-up,'' stated Mr. Chris Beck, President of Cordless Power Corporation.
MARGINS ARE IN EXPECTED TO BE 33% (conservative). Revenues expected to begin Aug 99.
Yearly Expected Net Income is $6,000,000. Forecasted earnings for this profit centre is $0.07/share based on 85,000,000 s/o.
Profit centre #3: Pack Shacks--Battery Kiost
A PR REGARDING THIS PROFIT CENTRE IS EXPECTED 2-3 weeks.
Pack shacks are fully inventoried, kiost that are equipted with a computer that accepts payment. The kiosts will be fully inventoried with cellualr, laptop, "AAA/AA/A type batteries.
DRGI is able to obtain its line of batteries at factory direct prices.
Kiost sell for $30,000 each with 33% (10,000) profit margin. There are
several distributors already lined up. 100 kiosts sales over 12 months is a very conservative target!!!
Net earnings expected to be $10,000,000/year. Earning per share expected to be approximately $.12/share based on 85,000,000 o/s.
Profit Centre #4: HIV tester. DRGI owns the patent and this revolutionary testing device.
Retails $2/tester. DRGI cost is $0.50/tester. Qunitiles Transnations (QTRN), a $5 billion dollar company, is currently negotiating with DRGI to potentially buy-out this profit centre from DRGI. This makes sense since DRGI does not have the pharmaseuticals resources or competentcies to market themselves. Financing for the aquisition of this HIV tester and patent is to be through DRGI issuing restricted shares to the selling company (not disclosed yet). This is why I
use 85,000,000 s/o in my calculations. Shares will be resticted from trading for 1-2 years.
Other information:
Form 10 to become a fully reporting company has been
filed with the FCC already. The FCC had questions and
asked for explaination. DRGI recently re-submitted
with clarifications!!! DRGI is way ahead of schedule and
will be a fully reporting company anytime now.
Several Institutional investors including
HM Myerson, Payne Weber, Charles Swabb, and Corporate Securites Group among
many more were in touch with
DRGI today!
ALL THIS IS ON TOP OF DRGI's CURRENT REVENUE STREAM GENERATING SIGNIFICANT
EARNINGS.
DRGI's current and past revenues from Data One whos name was recently changed
to DRGI. Data One sold microchips with
revenue in excess of $50,000,000 during 1998. Moreover, DRGI also has a
steady revenue stream from it's battery sales division. 1998 audited net
earning were .17/share.
Future Profit Centres: DRGI is currently is reviewing other potential
aquisitions of which details are limited at this time.
Over next 2-4 weeks, several HUGE PR's expected.
Presently, DEBT-FREE, profitable with several millions in cash in the bank.
Will be a fully reporting company any day now.
Stong Management team committed to building a solid company
and shareholder value.
SARASOTA, Fla.--(BUSINESS WIRE)--July 28, 1999--DRG, Inc., d/b/a
Diversified Resources Group, Inc., (NASDAQ OTC BB:DRGI), a Sarasota,
Florida based company, is pleased to release its 1998 audited
financials reflecting a net income of $5,266,956 representing a
17(cent) per share earnings. The company uses the McGladrey network,
the world's 6th largest accounting firm.
The earnings per share are based on a weighted average shares
outstanding of 30,798,039, and a restructuring of the company's
obligations. As of July 6, 1999, there were 51,636,231 shares issued
and outstanding. The company anticipates issuing additional shares as
acquisitions are completed..
CONTACT: Diversified Resources Group, Inc., Sarasota
Carl Smith, III
941/923-1949
or
Log on to www.diversified-resources.com
Monday July 26, 8:01 am Eastern Time
Company Press Release
Diversified Resources Group Division Finalizes Letter of Intent
SARASOTA, Fla.--(BUSINESS WIRE)--July 26, 1999--DRG, Inc., d/b/a Diversified
Resources Group, Inc., (Nasdaq OTC BB:DRGI
<http://finance.yahoo.com/q?s=drgi&d=t> - news </n/d/drgi.html>), a Sarasota,
Florida based company, announced today that its wholly owned subsidiary,
Cordless Power Corporation, has finalized a Letter of Intent with PrePaid
Cellular Solutions, Inc. of Melbourne, Florida.
Under the Agreement, PrePaid Cellular Solutions will purchase cellular
telephones and accessories exclusively from Cordless Power Corporation for
distribution to its growing network of prepaid cellular customers.
PrePaid Cellular Solutions, Inc. has multiple prepaid cellular patents that
have allowed it to grow to become one of the nations fastest growing prepaid
cellular companies. PrePaid Cellular Solution's current cellular network
covers 85% of the United States making it one of the largest cellular
footprints in the industry today.
Cordless Power Corporation is completing the packaging, design and equipment
needed to supply the prepaid cellular phones, leather phone cases, high
capacity cellular batteries, and cigarette lighter rechargers for
distribution by PrePaid Cellular Solutions, Inc. to their retail customer
network.
''Gross sales are projected to exceed $1,500,000 per month within the first
120 days of the project ramp-up,'' stated Mr. Chris Beck, President of
Cordless Power Corporation.
Contact:
Diversified Resources Group, Inc., Sarasota
Carl Smith, III, 941/923-1949
Web Site: www.diversified-resources.com
<http://www.diversified-resources.com>
Monday July 19, 7:58 am Eastern Time
Company Press Release
Diversified Resources Group, Inc. Initiates National Product Marketing
Kick-Off
SARASOTA, Fla.--(BUSINESS WIRE)--July 19, 1999--Diversified Resources Group,
Inc., (NASDAQ OTCBB:''DRGI''), a Sarasota, Florida based holding company
announced today the ''kick'off'' of its national marketing campaign for the
sale of batteries through its wholly owned subsidiary, Cordless Power
Corporation.
The campaign will include wholesale marketing to nationally recognized retail
chains, several of whom are presently evaluating the quality of the companies
internationally patented batteries, and the direct sale of batteries through
our soon to be opened virtual store - www.factorydirectbatteries.com
<http://www.factorydirectbatteries.com>.
''With the markets present and future technology and the consumers demand for
portability of these technologies, we are convinced that todays 14+ billion
dollar replacement battery market will grow tremendously over the next 5
years'', said Mr. Howard Davidsmeyer, Chairman of the Company. ''We are well
positioned to be an integral part of this booming product opportunity'',
added Mr. Davidsmeyer.
Tuesday July 13, 7:44 am Eastern Time
Company Press Release
Diversified Resources Group, Inc. Emerges from Reorganization
SARASOTA, Fla.--(BUSINESS WIRE)--July 13, 1999--DRG, Inc. d/b/a Diversified
Resources Group, Inc. (Nasdaq OTC BB:DRGI), a Sarasota, Florida based
company, announced full and final confirmation of its Plan of Reorganization.
The company will no longer operate under protection from its creditors and is
free to make acquisitions and raise new capital. The company also announced
that it has changed its name to Diversified Resources Group, Inc.
O. Howard Davidsmeyer, Chairman of the Board of DRG, Inc. stated, ''We have a
fresh start to build from, and I believe that our investors and future
investors of the company will be very pleased with the quality of the
acquisitions that the company is preparing to announce.''
ONZA'S PENNEY PICKS
freeyellow.com
Good Luck To All
Andy
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