(COMTEX) B: Investors' Alert Announces Investment Opinion On Oxford K
B: Investors' Alert Announces Investment Opinion On Oxford Knight International
HOUSTON, Oct 27, 1999 (BUSINESS WIRE) --
Strong Buy / Oxford Knight International (OTCBB:OKTI)
Thomas Loyd, chief editor of Investors' Alert stated, "Occasionally a
situation comes along where the risk/reward ratio is too appetizing to
pass up, and our newest pick is no exception, Oxford Knight
International, Inc. (OTCBB:OKTI)"
Thomas Loyd again stated, "OKTI by definition is a mergers/acquisitions
company that also forays into commercial and residential project
development. In addition to the M&A and project development side of the
business, OKTI also markets an extensive line of fudge candy through a
wholly owned retail store, supermarkets, and gas station/convenience
marts. Over the past 7 months OKTI has explored numerous business
opportunities. The result: letters of intent have been signed. One
result in particular is the 40% interest acquired in Fusion Capital, a
debit card facilitator testing its product with McDonalds Corp.
(NYSE:MCD). OKTI also develops residential and commercial projects. It
is aggressively seeking potential hotel development projects in the
Southern U.S., meanwhile pursuing its residential & assisted living
development side of the business in upstate New York.
He went on to say, "Lastly, the company produces a line of fudge candy
under the name Southern Heaven, selling it through a Northeast
U.S.-based supermarket chain (Tops), gas station/convenience marts, as
well as a wholly owned Southern Heaven retail location in Depew, N.Y.
Sales for the fudge are still in the early stages, but shipments to the
initial two Tops stores where it was test-marketed sold out in days,
and Tops just upped its commitment to include up to an additional 48
stores. OKTI is also currently in discussions with some of the nations
largest mass merchandisers and other regional grocery chains to carry
the Southern Heaven line. This segment of the business should
contribute a great deal to OKTI's bottom line as well as adding to its
name recognition. After discussions with management, total overall
sales for 2000 are projected to reach $2 million, $5 million in 2001.
Net margins for this business are very high and should be close to 25%,
which means next year's earnings should approach $.20/ share and $.40/
share in 2001, and believe me stocks with $.20/ share in earnings don't
trade at these levels, they usually trade at $5.00 and higher."
Symbol- OKTI
Shares Outstanding- 2,282,363
Float (est.)- 282,000
52 Week High/Low- .06-6.00
10 Month Target- 5.00
Investors' Alert is an independent research firm with paid
subscribers. Subscriptions are $139.00/year for Investors' Alert
newsletter service. This report is based on Investors' Alert
independent analysis but relies on information supplied by sources
believed to be reliable, Thomas Loyd has also helped OKTI with
corporate finance issues and Loyd Financial Consulting was paid $22,400
of OKTI stock in September of 1999. The information contained in this
report is not intended to be, and shall not constitute, an offer to
sell nor solicitation of any offer to buy any security. Copyright (c)
1999 Loyd Financial Consulting. All rights reserved.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Loyd Financial Consulting, Houston
Thomas Loyd, 800/398-5725
Fax: 713/973-5783
WEB PAGE: businesswire.com
GEOGRAPHY: TEXAS NEW YORK
INDUSTRY CODE: INVESTMENT
OPINION
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