Here is their latest press release dated August 4th !!
See my comments at the end of the release.
SACO to Deliver Entire NASDAQ Screen in 1999, a Contract Worth $22 M -
The Company Also Wins Maintenance Contract Estimated at $4 M
VILLE ST-LAURENT, QUEBEC--Management of the Company is proud to
announce that it will manufacture the second screen for the NASDAQ
Stock Market Inc. It should be noted that the NASDAQ contract
signed last May related to two screens valued at $11 million each:
the first having an area of 3,872 square feet, and the second, at
the time conditional on approval by the owner, with an area of
6,864 square feet. NASDAQ effectively won its case allowing it to
cover eight storeys of the building it occupies on Times Square in
New York with a SmartVision screen having a total area of more
than 10,000 square feet, making the screen the biggest ever built.
The two screens will be delivered in 1999, and therefore in time
for the year 2000 festivities, which represent an ideal
promotional opportunity for both NASDAQ and SACO. In fact, under
the agreement, SACO will benefit from display time, enabling the
Company to raise its profile in New York City.
"Its numerous earlier generation screens and the size of its
advertising industry make New York a market of choice for SACO. A
SmartVision screen on a Times Square building permanently
displaying our name represents an ideal showcase for the Company's
products," commented Fred Jalbout, Chairman of the Board,
President and Chief Executive Officer of the Company. "We believe
that with its dimensions, resolution and curved form, our screen
will revolutionize advertising in New York and other major cities
around the world."
Maintenance contract worth over $4 M
As part of its agreement with NASDAQ, SACO has also been assigned
the screen maintenance contract, worth over $4 million, at the
rate of $400,000 annually over the next 10 years. "NASDAQ is much
more than a client; it is a real partner with whom we will
maintain close business relations for the next decade," concluded
Mr. Jalbout.
SACO SmartVision Inc. is the largest company worldwide
specializing in the design and manufacture of giant new-generation
screens. SACO has emerged as the world leader in the
entertainment industry and among leasing companies thanks to the
technological advantages of its screens, which are used by
well-known artists such as U2, Janet Jackson, Celine Dion and the
Spice Girls. The Company occupies an enviable position in
professional sports, having manufactured screens for the Baltimore
Ravens, the Cincinnati Reds and the Houston Astros. Its products,
which are also used in the racing and advertising industries, are
sold in North America, Europe and Asia.
MY THOUGHT
SACO will most likely be a competitor of ours!
Among others, we will compete against SONY as well.
I don't know any info on o/s or float -- if I find out, I will let you know !
The advantage I see in ADOT is that they claim to have a technology that has the bast available picture (many pixels, I guess) while maintaining their costs low. This makes them highly competitive. The only thing left is to make yourself known to the market and we are set. THIS IS WHY I THING ADOT WILL END UP BEING A WINNER !
I happen to know certain things about this product and ADOT being under 30cents makes the company undervalued (speculating future growth). If we get to sell at least one screnn AND it's a good one, we will roll in the money $$$$
I like the risk / reward ratio and I am ready to buy some more on future panic dips. You guys have a choice, do some DD, and see it yourself ! |
