Re: Subsequent FNTT Profiles for UPCA
July 1998 Profile Update
Uniprime Capital Acceptance Corporation
OTC BB: UPCA
Uniprime Capital Acceptance Corporation
August 28th Update
Owning stock in Uniprime Capital Management is a bet on the ability of management. Uniprime was formed to acquire car dealerships. The Management team has 30 years of experience in consulting car dealerships in improving their business. They have helped over car dealerships during that time.
Since being profiled by Superstock in July, the Company has issued only one press release. They announced a relationship with a Texas based funding organization that they claim gives them unlimited capital for expansion.
Management tells us that the first of three acquisitions scheduled for 1998 is near at hand. Since being profiled, the stock has traded between $.50 and $1.00. If management can execute its business plan, look for explosive growth with this Company.
smallcapdigest.com
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July 1998 Profile Update - Year End Update
Uniprime Capital Acceptance Corporation
OTC BB: UPCA
Uniprime Capital Acceptance Corporation
December 23rd Update
Rating: Likely to Make Progress in 1999
Uniprime Acceptance Corp (OTC BB: UPCA) was our July Profile. The stock has traded between $.25 and $1.25 since that time.
When we first profiled the Company, we were impressed with Management's 30 years of experience of in Car Dealership consulting. They had literally hundreds of happy clients that were car dealerships that they had helped.
They turned their energy towards using their skills and contacts to acquire existing car dealerships, which were suffering from various levels of distress, and turn them around using their experience.
They told us they expected to acquire three car dealerships by year-end. They have not closed any dealership purchases yet.
They have finally put the finishing touches on their first dealership purchase, and there should be a closing soon. Several more are in the pipeline, and serious negotiations are underway.
Management tells us they have the funding in place to close these acquisitions. They may have fallen a few months behind schedule, but spirits seem very high and management continues to be highly optimistic about the future of the Company.
smallcapdigest.com
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July 1998 Profile Update
Uniprime Capital Acceptance Corporation
OTC BB: UPCA
March 18, 1999 Volume II, Issue 15
Well, we finally got our members a true Small Cap Digest this year. For those of you who haven't been watching, our parent company, 1st Net Technologies (OTC BB: FNTT) hit a high of $10.50 and closed at $7.81. The stock traded 566,200 shares today alone. We suspect that the release of the beta test version of our first affinity browser, the Crayon Crawler, sparked some of the activity.
On March 5th we released our profile on 1st Net to our members. That day, 1st Net closed at $3. We know a number of our members invested in the stock, because we have received a lot of inquiries about a target price for the stock. At any rate, if you had acted on March 5th, in just two weeks you would be up either 160%, or 266%, depending on how you do the math. You choose. If you missed reading the profile on 1st Net, click here if you wish to read it now.
Investors that have a short term outlook on investing might consider locking in profits on half your position now. However, if the stock drops, it might provide a good entry level for those that missed out. We have very ambitious plans to make 1st Net a highly successful Internet Solutions provider.
If you wish to download the beta test version of the Crayon Crawler, click here. It only works if you set your screen resolution at 1024x768. We will have a plug in to fix that problem shortly.
Earlier this week we mentioned that two of the companies we featured in 1998 were experiencing excellent turnarounds. We covered the first earlier this week in the issue on LaForza Automobiles (OTC BB: LFZA). We will cover the second one now.
Uniprime Acceptance Corporation (OTC BB: UPCA)
We fell in love with the management team of this company back in July of 1998. This company is managed by a team of experts that have been in the car dealership consulting service for 30 years, and have successfully put programs into over 400 car dealerships.
They formed a public company, and put a plan in place to acquire a minimum of three car dealerships by the end of 1998. They acquired none due to the length of time it has taken them to put the financing in place to fund the acquisitions.
In the last two weeks, things have changed. They have recently put our two press releases that are very significant. The first, which we will reprint for you at the end of this edition, covers the two dealerships they will own in the next two weeks. You will note from the press release that once the acquisitions are finalized the Company anticipates generating $45 million in annual revenues and significant profits.
The second and even more significant press release concerns a stock buy back program the Board of Directors has approved. This week the company announced the their Board has approved a one million share buy back program because they feel their stock is so undervalued.
We originally released the profile with the stock at about $.75. It went to $1.50, and today closed at $.375. If this sounds like a situation you want to own, please use a limit order when you purchase. This stock is so thinly traded it could run up too quickly.
From here we recommend that you do two things. Read the original profile which can be found by clicking here. Second, read the press release below. In our opinion, this is an excellent turn around situation. Always remember, it's your money.
Monday March 15, 8:03 am Eastern Time
Company Press Release
Uniprime Capital Acceptance, Inc. Announces Major Expansion
LAS VEGAS--(AutomotiveWire)--March 15, 1999--Uniprime Capital Acceptance, Inc. (OTC BB: UPCA - news) announced that the company has scheduled the closings on two auto dealership acquisitions. Uniprime anticipates a $45 million annual revenue stream subsequent to the closing of these two acquisitions, and net profits in the 7% range.
On or before March 22nd, Uniprime anticipates closing the purchase of the Greenville Auto Mall, in Greenville, Mississippi. Uniprime anticipates that once this dealership is acquired, and their ``OK DEAL' formula is implemented, the Greenville Auto Mall will generate over $25 million in annual revenues.
A Letter of Intent for the second dealership acquisition has a scheduled closing date of April 15th. Located in Fort Pierce, Florida, this dealership carries the Mitsubishi auto line. Once the ``OK DEAL' is implemented, Uniprime feels that this dealership could easily achieve revenues of $20 million annually, and 6% net profits. It is anticipated that about 60% of revenues will be generated by used car sales.
Uniprime's proven ``OK Deal' selling system has been implemented in over three hundred dealerships internationally over the past 30 years. Until recently, the ``OK Deal' method has been implemented for client dealerships on a consulting basis by the current management of Uniprime. Uniprime now intends to apply this method to dealerships it will acquire for its own benefit, and the benefit of its shareholders.
Currently, Uniprime Capital has numerous other Auto Dealership acquisition candidates in various stages of negotiation.
Uniprime Capital Acceptance, Inc. is embarking upon an aggressive dealership acquisition program and is looking to acquire a minimum of fifty (50) retail automotive dealerships between now and the end of the year 2001, which it believes will place it among the top ten mega-dealership groups in the country in overall unit sales.
The Company intends that such statements regarding the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the ``safe harbors' provision of the Private Securities Litigation Reform Act of 1995
Contact:
Uniprime Capital Acceptance, Las Vegas
smallcapdigest.com
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July 1998 Profile Update
Uniprime Capital Acceptance Corporation
OTC BB: UPCA
April 3, 1999 Volume II, Issue 19
To Small Cap Digest Members:
We hope you are all enjoying a nice holiday weekend. On Thursday, prior to the market closing, there was news on Uniprime Capital Acceptance (OTC BB: UPCA), the company we featured as a turn around candidate last month.
Before we cover that, one quick point about our last issue. We mentioned early in our last issue that 1st Net and Ceco Environmental were our favorite stocks of 1999. We received a lot of inquiries about Engineering Power (OTC BB: EGPDF) as a result of that statement. We know that a lot of our members own positions in Engineering.
Don't mistake this comment for a lack of belief in Engineering. CECO and FNTT may be our favorite stocks because they have traded well, but EGPDF could well be our favorite company. Management is extremely frustrated by the level that the stock is currently trading at, and is totally committed to doing whatever it takes to expose the company to enough investors to get the stock to the $4 level so that they can apply for the NASDAQ listing. They have budgeted a substantial amount of capital for a major PR campaign, but it will take a month or two to move it forward. Remember, our theme is to profile companies that we feel could double or triple in one to two years. Have some patience. It is very difficult to predict where stocks will trade in the short term.
Uniprime Capital Acceptance
On Thursday of this past week, Uniprime announced that they had begun the million share stock buy back program that they had previously announced. They also announced that there first two dealership acquisitions will close in the month of April.
We spoke with Gary Tabb, the president on Thursday about the buy back program. According to SEC regulations, the company is only allowed to buy back a limited amount of stock on a weekly basis. When the trades are actually placed, they must be limit orders below the ask price of the stock. If the Company had its way, they would simply go out and buy back the million shares in open market purchases immediately. The SEC regulations are designed to prevent companies from manipulating the price of their shares with their own money.
In our conversation, Gary indicated that the company will continue to buy back the maximum allowed by SEC regulations as long as the stock is under $2, and possibly even higher as they acquire more dealerships.
If you wish to read the entire text of the press release CLICK HERE. If you have an interest in following the progress of Uniprime, Click Here to sign up on their mailing list. Enjoy the remainder of the Holiday Weekend.
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Paul Maassen, 888/892-2002
smallcapdigest.com
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MAY 1999 Profile Update
Lexon, Inc.
OTC - 'LXXN'
May 26, 1999
To Superstockpick Members:
Here are a couple quick updates for our members going into Memorial Day Weekend.
Lexon, Inc. (OTC BB: LXXN)
<snip>
Uniprime Capital Acceptance (OTC BB: UPCA)
Back on March 19th we identified Uniprime Capital Acceptance (OTC BB: UPCA) as a prime turn around situation. To read the publication Click Here. The stock quickly traded up, and then has drifted down on light volume awaiting substantive corporate developments.
Today, Uniprime finally closed its first car dealership acquisition. Below is the complete text of the news release. Several other car dealerships are close to closing, and we will bring you more complete coverage in the next week or two.
Enjoy your Memorial Day Weekend.
Wednesday May 26, 12:01 pm Eastern Time
Company Press Release
Uniprime Capital Acceptance, Inc. Announces Agreement To Purchase South Carolina Dealership
LAS VEGAS--(BUSINESS WIRE)--May 26, 1999--Uniprime Capital Acceptance, Inc. OTC BB:UPCA (Uniprime) announced that it has purchased a South Carolina dealership.
The dealership is Addy's Harbor Imports and is located in Conway, which is within five miles of the center of the Myrtle Beach, South Carolina area, a sixty mile stretch of the coastline also known as the Grand Strand, one of the top retirement and destination resort areas in the United States and host to an estimated 13 million visitors annually.
The official takeover date is set for June 7th.
The dealership flies the Mazda and Mitsubishi banners and although it is well established and has been located in the same area for the past nine years, the previous ownership built a new facility less than six months ago.
The new facility sits on 4.3 acres and has separate showrooms for the two vehicle lines and state-of-the-art service and parts departments. It is located on Highway 501 East, the main thoroughfare in the greater Myrtle Beach area.
The dealership's marketing area draws on a population of 400,000 and Uniprime expects that once its "OK DEAL" selling system, including its advertising and non-prime finance departments, is in full operation, it is looking to increase new and used vehicle sales from its current level of 75 units per month to approximately 135 units per month, with a sizeable increase in vehicle gross profits as well.
Because the vast majority of visitors to the Myrtle Beach area arrive by vehicle after trips of anywhere from 300 to 1,000 miles, the service and parts departments are expected to continue to do levels of business disproportionate to the average dealership, adding further to the dealerships bottom line.
Gross Revenues are expected to be in the range of $30 million annually with $1.25 million in net profits on annual sales volume of 1,620 new and used vehicles.
Uniprime Capital Acceptance, Inc. is embarking upon an aggressive dealership acquisition program and looking to acquire a minimum of fifty (50) retail automotive dealerships over a 3 1/2 year period, which it believes will place it among the top ten mega-dealership groups in the country in overall unit sales.
The Company intends that such statements regarding the Company's future expectations, including future revenues and earnings, and all other forward looking statements are subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.
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Contact:
Uniprime capital Acceptance
Paul Maassen, 888-892-2002
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