News, Bob, Yankees just e mailed folks, One big and one LITTLE word; "READ this"
go2net.newsalert.com
Chucka-IdidREADthat-Thanks
Full NEWS HERE:Last Post Blurped and Burped main TEXT:
go2net.newsalert.com
Stockreporter.de Announces Investment Opinion on Kensington International
Business Wire - September 22, 1999 05:15
NEW YORK--(BUSINESS WIRE)--Sept. 22, 1999--
-- Stockreporter Begins Coverage of Kensington International (KNSC)
With a Strong Buy Recommendation and a Conservative
Price Target of $12 Per Share --
Kensington International Holding Corporation (OTC BB: KNSC) today received a strong buy recommendation from Stockreporter, a leading European financial Internet publication at www.stockreporter.de. Stockreporter specializes in the coverage of micro caps, OTC and BB companies. The successful Stockreporter team is one of the first independent analyst to begin coverage of Kensington and release an investment opinion. Stockreporter began coverage with a conservative target price of $12 per share for the year 2000, at a current share price of about $2.00offering amazing potential in the short, medium and long terms.
All of the successful Stockreporter.de team's buy recommendations have shown -without any exception - an extraordinary share price performance, since Stockreporter.de issued its recommendations for the respective company. Thus, Stockreporter.de's portfolio is a very successful and very reliable one, featuring FutureLink Distribution (FLNK), Teltran International (TLTG), Antra Music Group (RECD), CancerOption.com (CAOP), International Fuel Technology (IFUE), Wordcraft Systems (WORC), Advanced Lumitech (ADLU) and now the brand new, Kensington (KNSC), which is going to be the next, extremely successful, investment opportunity.
The report of Stockreporter includes the following information:
Company Overview
Kensington International Holding Corporation located in Minneapolis, Minnesota, (KNSC-BB: OTC & referred to as "Kensington") was formed in 1988 and entered the communications business in 1996 and the Internet business in 1999. Kensington, through Mail Call, Inc., (http://www.mailcall.net/) a Florida corporation, is an emerging multinational creator and provider of a convenient and easy to use method of accessing and managing e-mail from any telephone in the world.
Kensington owns 36.18% of Mail Call, Inc. and has a contract to acquire over 50% of Mail Call, Inc. by October 1999. Mail Calls' sophisticated e-mail retrieval system provides simple telephone access to the messages, documents and information we need but can't always get to a computer to retrieve. Mail Call's customers dial a toll free number, connect to Mail Call's automated system, and, hear their e-mail as Mail Call's automated voice reads their messages to them. Then, without keyboard or computer, the customer may respond verbally (leaving a voice response, in their own voice, as though sending a voice mail) to the e-mail. Mail Call delivers the "voice" e-mail as a return message to the sender. The user may also respond by sending a text message or by forwarding the e-mail message to a FAX machine anywhere in North America. Based upon Kensington/Mail Call's technology a person could be on an airplane, retrieve his or her emails and respond to them in their own voice or FAX the full text of their emails to their hotel room. Mail Call is in English and Spanish, but can be converted to almost any language. Mail Call's service is very economical. The average price to a customer is only $.20 a minute for the time actually used plus a $5.00 annual fee. Other pricing plans run from $7.50 to $11.95 a month. A Mail Call customer does not have to purchase or lease any hardware or software to access their e-mail. You don't need a computer to have an e-mail address with Mail Call. Mail Call's technology is copyrighted and the name Mail Call is registered and trademarked.
Kensington also owns 100% of Ives Design, Inc. (http://www.esights.com/ivesdesign) and 10% of PowerSource Corp. (PSRE-Pink Sheets and at uspower.com) and 1% of Netgates (NTGS-BB: OTC). Kensington also owns 5,000 shares of HYPERLINK youprice.com www.youprice.com , which sells over 10,000 computer hardware and software products over the Internet.
Market Analysis
E-mail, in a very short period of time, has emerged as a pervasive personal and business communications medium. The July 1999 issue of Business 2.0 magazine noted that 3% of the world's population (171,000,000 people) uses the Internet. International Data Corp estimates that this number will increase to 15% of the world's population by the year 2010. Each of these Internet account holders has an e-mail address. According to a study completed by Nielsen Media Research and CommerceNet, in 1998, the US alone had 79 million e-mail users over the age of 16. These numbers do not include any growth that has occurred in 1999 or any estimates of the growth that is expected to occur in the future.
There is a demand for a low cost service that enables users to retrieve e-mail without the necessity of sitting at a keyboard and connecting to a "network". Mail Call was formed to fill this need. Currently, the typical subscriber must use their desktop or portable computer to access their e-mail account from their employer's computer network, an ISP (Internet Service Provider) or an e-mail provider. Many of these users' businesses depend upon instant or constant communication. It is very cumbersome to carry a laptop computer everywhere you go and often you can't find a phone hook-up or a local dial-up number to access and respond to your e-mail in a timely fashion. Mail Call solves these problems by providing immediate access via any land or cellular telephone.
Based on the Nielsen study and assuming a subscriber charge of $9.95 per month (which appears to be Mail Call's standard program charge), the market potential in the United States alone exceeds $8,955,000,000. If Mail Call were to capture just one tenth of 1% (1/1,000th) of the US market per year, or approximately 75,000 customers, the Company's revenues could be projected as follows:
Gross Revenues
Year 2000: $9,000,000
Year 2001: $18,000,000
Year 202: $36,000,000
Year 2003: $72,000,000
Assume a 16% Net Profit Margin
Year 2000: $1,440,000
Year 2001: $2,880,000
Year 2002: $5,760,000
Year 2003: $11,520,000
Kensington is a publicly traded company with an approximate total of 3,334,084 million issued and outstanding shares, in which case, a conservative estimate leads to the following earnings projection per share:
Year 2000: $0.43
Year 2001: $0.86
Year 2002: $1.72
Year 2003: $3.44
EVALUATION AND OUTLOOK
Following these projections and calculations, we conservatively expect $0.43 earnings per share for the year 2000. Therefore we have set our share price target at $12 for the year 2000 using a conservative PER of 30 ($0.43x30=$12.90), which in the view of this tremendous growth potential seems to be more than justified. Hence, the stock is clearly undervalued at a current price of about $2 per share.
Share Price Targets
Year 2000: $12
Year 2001: $25
Year 2002: $50
Year 2003: $100
The current price level of $2 is a justifiable price for Kensington's former core business, in which it continues, which is the designing, manufacturing, and installation of commercial display fixtures primarily for Fortune 1000 companies. According to audited financials filed with the SEC, in 1998 Kensington showed a 497% increase in net income, after taxes, over 1997. During the first six months of 1999, Kensington showed an 80% increase in net income over the same period in 1998. Nevertheless, the current share of 36% in Mail Call is enormous and its significance on the share value is unrecognized!
According to these facts, we are strongly convinced that the Kensington share is drastically undervalued at a current price of about $2.00 and that it offers an amazing potential in the short, medium and long terms. For this reason, we believe that the Kensington share is currently one of the most exciting and most promising investment opportunities for both retail and institutional investors and that the Kensington share is going to be one of the best performing telecommunication shares in the next weeks, months and years.
Stockreporter.de has compiled this report from public records and it has not consulted with or interviewed any of the management of either Kensington International Holding Corporation or Mail Call, Inc.
Last but not least, we would like to mention some additional and very important aspects. The company's management is currently discussing whether to apply for a listing on the NASDAQ. This forthcoming listing of Kensington on the renowned NASDAQ will therefore considerable increase the share price, in particular. Furthermore Kensington is going to apply for a listing also at a major European stock exchange to increase the international exposure and to establish new investor relations in Europe. Therefore, we especially believe that publicly listing the stock on a major stock exchange will give a strong impetus to new investors, both retail and institutional; thereby driving the share price up to levels which the stock really deserves. All of these listings open the door for new, major, institutional investments by national funds and investment bankers and they will reduce the negative influence which day traders currently exert. For this reason, potential investors now have an highly unique and promising opportunity to invest in Kensington<180>s shares, on a more than advantageous level of share price.
NOTICE
All Stockreporter recommendations are made on an unsolicited basis. The complete recommendation and additional information (e.g., forthcoming interviews with the CEO and the President) can be accessed on Stockreporter's web site at www.stockreporter, which is going to be the No. 1 micro caps and OTC:BB site in Europe; especially in Germany. The site is completely available in both the German and English languages. Stockreporter meticulously and independently selects the companies which are candidates for a buy recommendation and which are featured on the Stockreporter web site. Stockreporter does not receive a fee for any of its buy recommendations and does not charge a fee for its buy recommendations to the companies concerned. In some certain cases, Stockreporter will only accept a basic reimbursement of costs (e.g., American-English Translation Services, Business Wire fees, administrative expenses, etc.) to cover in these cases the higher costs.
Any Stockreporter Micro Cap recommendation still includes a high degree of risk and is at the investor' s individual and own risk. Many Stockreporter recommendations contain forms of "forward-looking statements" that are based on the company' s beliefs as well as assumptions made by information currently available to Stockreporter and to the general public. Such statements are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material. Therefore no claim for any kind of warranty can and will be accepted by Stockreporter. Moreover, the team of Stockreporter wants to stress once again that all our buy recommendations are basing on subjective assessments that have been made out exclusively on the basis of facts being known to the general public.
If you have any further question regarding this buy recommendation or any other inquiry or suggestion, please, do not hesitate to contact Stockreporter at any time. We appreciate it very much to stay in close contact to both institutional and private investors and OTC and BB companies.
CONTACT: Stockreporter.de, Hamburg, Germany
Phone: Mr. Tim A. Kneib, +49-172-4025040
Phone: Mr. Dennis C. Hass, +49-172-4062621
Email: contact@stockreporter.de
Homepage: www.stockreporter.de
stockreporter.de
Stockreporter.de > Companies > Kensington International
(KNSC)
Stockreporter begins coverage of Kensington International
(KNSC) with a strong buy recommendation and a conservative
price target of $12 per share.
Company Overview
Kensington International Holding Corporation located in Minneapolis, Minnesota,
(KNSC-BB: OTC & referred to as "Kensington") was formed in 1988 and entered the
communications business in 1996 and the Internet business in 1999. Kensington,
through Mail Call, Inc., (www.mailcall.net) a Florida corporation, is an emerging
multinational creator and provider of a convenient and easy to use method of
accessing and managing e-mail from any telephone in the world.
Kensington owns 36.18% of Mail Call, Inc. and has a contract to acquire over 50% of
Mail Call, Inc. by October 1999. Mail Calls' sophisticated e-mail retrieval system
provides simple telephone access to the messages, documents and information we
need but can't always get to a computer to retrieve. Mail Call's customers dial a toll
free number, connect to Mail Call's automated system, and, hear their e-mail as Mail
Call's automated voice reads their messages to them. Then, without keyboard or
computer, the customer may respond verbally (leaving a voice response, in their own
voice, as though sending a voice mail) to the e-mail. Mail Call delivers the "voice"
e-mail as a return message to the sender. The user may also respond by sending a
text message or by forwarding the e-mail message to a FAX machine anywhere in
North America. Based upon Kensington/Mail Call's technology a person could be on
an airplane, retrieve his or her emails and respond to them in their own voice or FAX
the full text of their emails to their hotel room. Mail Call is in English and Spanish, but
can be converted to almost any language. Mail Call's service is very economical. The
average price to a customer is only $.20 a minute for the time actually used plus a
$5.00 annual fee. Other pricing plans run from $7.50 to $11.95 a month. A Mail Call
customer does not have to purchase or lease any hardware or software to access
their e-mail. You don't need a computer to have an e-mail address with Mail Call. Mail
Call's technology is copyrighted and the name Mail Call is registered and
trademarked.
Kensington also owns 100% of Ives Design, Inc. (www.esights.com/ivesdesign) and
10% of PowerSource Corp. (PSRE-Pink Sheets and at HYPERLINK
uspower.com www.mypower.com ) and 1% of Netgates (NTGS-BB: OTC).
Kensington also owns 5,000 shares of www.youprice.com , which sells over 10,000
computer hardware and software products over the Internet.
Market Analysis
E-mail, in a very short period of time, has emerged as a pervasive personal and
business communications medium. The July 1999 issue of Business 2.0 magazine
noted that 3% of the world's population (171,000,000 people) uses the Internet.
International Data Corp estimates that this number will increase to 15% of the world's
population by the year 2010. Each of these Internet account holders has an e-mail
address. According to a study completed by Nielsen Media Research and
CommerceNet, in 1998, the US alone had 79 million e-mail users over the age of 16.
These numbers do not include any growth that has occurred in 1999 or any estimates
of the growth that is expected to occur in the future.
There is a demand for a low cost service that enables users to retrieve e-mail without
the necessity of sitting at a keyboard and connecting to a "network". Mail Call was
formed to fill this need. Currently, the typical subscriber must use their desktop or
portable computer to access their e-mail account from their employer's computer
network, an ISP (Internet Service Provider) or an e-mail provider. Many of these users'
businesses depend upon instant or constant communication. It is very cumbersome
to carry a laptop computer everywhere you go and often you can't find a phone
hook-up or a local dial-up number to access and respond to your e-mail in a timely
fashion. Mail Call solves these problems by providing immediate access via any land
or cellular telephone.
Based on the Nielsen study and assuming a subscriber charge of $9.95 per month
(which appears to be Mail Call's standard program charge), the market potential in the
United States alone exceeds $8,955,000,000. If Mail Call were to capture just one
tenth of 1% (1/1,000th) of the US market per year, or approximately 75,000
customers, the Company's revenues could be projected as follows:
Gross Revenues
Year 2000: $9,000,000
Year 2001: $18,000,000
Year 202: $36,000,000
Year 2003: $72,000,000
Assume a 16% Net Profit Margin
Year 2000: $1,440,000
Year 2001: $2,880,000
Year 2002: $5,760,000
Year 2003: $11,520,000
Kensington is a publicly traded company with an approximate total of 3,334,084
million issued and outstanding shares, in which case, a conservative estimate leads
to the following earnings projection per share:
Year 2000: $0.43
Year 2001: $0.86
Year 2002: $1.72
Year 2003: $3.44
EVALUATION AND OUTLOOK
Following these projections and calculations, we conservatively expect $0.43 earnings
per share for the year 2000. Therefore we have set our share price target at $12 for the
year 2000 using a conservative PER of 30 ($0.43x30=$12.90), which in the view of this
tremendous growth potential seems to be more than justified. Hence, the stock is
clearly undervalued at a current price of about $2 per share.
Share Price Targets
Year 2000: $12
Year 2001: $25
Year 2002: $50
Year 2003: $100
The current price level of $2 is a justifiable price for Kensington's former core
business, in which it continues, which is the designing, manufacturing, and
installation of commercial display fixtures primarily for Fortune 1000 companies.
According to audited financials filed with the SEC, in 1998 Kensington showed a
497% increase in net income, after taxes, over 1997. During the first six months of
1999, Kensington showed an 80% increase in net income over the same period in
1998. Nevertheless, the current share of 36% in Mail Call is enormous and its
significance on the share value is unrecognized!
According to these facts, we are strongly convinced that the Kensington share is
drastically undervalued at a current price of about $2.00 and that it offers an amazing
potential in the short, medium and long terms. For this reason, we believe that the
Kensington share is currently one of the most exciting and most promising investment
opportunities for both retail and institutional investors and that the Kensington share is
going to be one of the best performing telecommunication shares in the next weeks,
months and years.
Stockreporter.de has compiled this report from public records and it has not consulted
with or interviewed any of the management of either Kensington International Holding
Corporation or Mail Call, Inc. |
