Interesting report out on highflyer ISRI-
Monday November 1, 5:05 pm Eastern Time
Company Press Release
Group One Ventures Announces Investment Opinion on International Star, Inc.
DALLAS--(BUSINESS WIRE)--Nov. 1, 1999--Group One Ventures believes that International Star (OTCBB:ISRI - news) is an overlooked/undervalued company in a rapidly growing industry that in our opinion has enormous potential for creating wealth for their shareholders.
The Company-
International Star (``The Company') is an emerging technology company at the forefront in the development and distribution of AVL technology.
The Technology-
AVL stands for ``Automatic Vehicle Location.' It is used primarily for the instant tracking of various assets such as cars, trucks, trailers, etc., via GPS, or Global Positioning Satellites. The company distributes Qwiktrack© systems which go beyond mere tracking to provide a myriad of services appealing to both commercial and individual customers.
The Qwiktrack© systems, can track up to 128 events in real time over the internet. Individuals and Commercial clients alike will enjoy services such as vehicle tracking, stolen vehicle location detection, driver panic signal and vehicle event status.
Trucking companies, and other commercial clients will enjoy the more advanced features such as real time monitoring of truck speed, gas mileage, cargo problems, air temperature feature, excessive speed, etc.
All such information can be accessed at any time from anywhere in the world via the internet.
The Company has extensively and successfully tested its Qwiktrack© system. Field testing was conducted in the Los Angeles basin area on units owned and operated by a mid-sized trucking company operating throughout North America. Successful tests included delivery of the exact location of each truck and their individual speeds. All in real time, several times per minute over the internet.
The Company's Edge-
Serious competitors exist in the GPS market. We believe Qwiktrack© has an edge over competitors in its niche that will allow it to succeed in the market place.
First, Qwiktrack© offers the flexibility to design and implement technology to suit each customer's individual needs, often using an existing computer system through Avlis© integration technology. Customers can choose from up to 128 events for the system to monitor.
Second, Qwiktrack's© affordability should provide an edge over competing systems.
While other available systems, often offering fewer services, can require hundreds or thousands of dollars in upfront unit and installation costs, Qwiktrack© will not require any upfront unit or installation charges.
For a low monthly lease payment, customers will be offered easily installed hardware, software, customer support and training. As an added bonus, since the AVL units will be tracked via the internet, Qwiktrack© customers will be provided with server access included in the lease agreement.
The Company, through its agreements with developer AVL Information Systems, Ltd., should be able to keep unit and service costs down, while maintaining healthy profit margins.
The Marketplace-
Strategies Unlimited projects a market of nearly $5 billion for GPS and related technology within the next 4 years.
National Business Correspondents on the 700 Club and CNBC have reported that GPS chips will be found on most vehicles and cell phones in North America by the year 2003.
International Star is vying for a sizable piece of this huge market opportunity.
Sales-
On October 27, the Company announced the first major purchase order for its Qwiktrack© systems. The order was for 1000 Tractor Units and 5000 Trailer units. The value of this initial order exceeds $11 million. Delivery is expected to commence January 31, 2000.
Marketing-
The Company will market the units under the registered name Qwiktrack©. The company will reach out to both budget minded individual users and large corporate users and will facilitate internet sales through its website, currently under construction, Qwiktrack.com.
Upcoming Events-
The Company is currently in negotiations with a locally owned and operated company in the United Arab Emirates for the cooperative sale and distribution of Qwiktrack© in the Middle East.
The Company has retained the offices of W. Michael Howery of Salt Lake City to bring them to a fully reporting status.
The Company is currently developing its website for AVL monitoring and on-line sales. The Company's goal is to have the website up and running before year-end.
In mid-November the Company will attend the American Towman Convention in Baltimore. Over 200,000 truck operators are represented at this Convention. The Company will demonstrate its technology on police and fire vehicles in the Baltimore area with the results on display for all convention goers to see.
This Convention represents a prime opportunity for the Company to show off their Qwiktrack© technology to a wide range of potential customers with the intent of landing some future contracts.
Other Factors-
The company also holds significant mining assets in Northern Arizona.
Stock Information-
Shares Outstanding 27.4 million
Public Float 5 million
Current Price .71 (October 28, 1999)
Annual Price Range .06 to .72
Technical Picture-
ISRI's stock is currently in a very strong sustained uptrend, following an orderly pattern higher since the end of May 1999.
Recent Press Releases-
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
Disclaimer: Please Read
Group One Ventures is not a Registered Investment Advisor or a Broker/Dealer. Readers are advised that this report is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy.
Group One Ventures has independently prepared this report, drawing upon a range of public news and information sources, as well as data and opinions provided by International Star, Inc. (``ISRI' or the ``Company'). Prior to Group One Ventures issuing this report, the Company reviewed and approved the contents hereof. Group One Ventures has not independently verified the Company's representations. Any opinions expressed in this report are statements of judgment as of the date of publication (October 28, 1999) and are subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. Neither Group One Ventures nor its officers, directors, partners or employees/consultants accept any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.
The information contained herein is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. The opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. The foregoing discussion also contains forward-looking statements that are based on current expectations and differences can be expected. The information and opinions contained herein is not intended to be a complete discussion of information regarding some of the current and/or intended business activities of the Company, and all information contained in this report should be independently verified with the Company. Readers are urged to consult with independent financial advisors with respect to an investment in the shares mentioned herein. Investors should review a complete information package on the Company, which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings.
In order to be in full compliance with the Securities Act of 1933, Section 17(b), Group One Ventures advises the readers of this document that it has received 50,000 common FREE TRADING shares (FOR A TOTAL OF 50,000 SHARES TO DATE) of International Star (OTCBB:ISRI - news) from a Lori Westlund (a shareholder of ISRI) under the terms of a consulting/marketing services agreement. Group One Ventures, its officers, directors, partners and employees/consultants may profit in the event the shares of the Company increase in value. These positions may be liquidated from time to time even after Group One Ventures, its officers, directors, partners and employees/consultants have made positive comments regarding the Company.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. INVESTORS MUST ALSO INDEPENDENTLY VERIFY THE ``BLUE SKY' ELEGIBILITY OF THE SECURITY MENTIONED IN THIS REPORT BEFORE MAKING ANY INVESTMENT DECISIONS. TIMING OF, AND ANY BUYING OR SELLING DECISIONS, ARE THE SOLE RESPONSIBILITY OF THE READER.
As with any penny stock, companies we profile involve a very high degree of investment risk and volatility. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of the companies featured in our reports.
We encourage U.S. readers to review the investing information available with the Securities and Exchange Commission (``SEC') at sec.gov and/or the National Association of Securities Dealers (``NASD') at nasdr.com The NASD has published information on how to invest carefully at its website.
International Star, Inc. (OTCBB:ISRI - news) is not yet a fully reporting company with the SEC.
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