Here's a Christmas Present - PFSW Long....
Note their Quiet period ends Dec 27... That's Monday in case you don't have a calendar handy...
ipo.com
3.1 offered by HMQT on the IPO so it looks fairly tight...
Here's a description of their Biz....
>>>>We are an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. We provide a broad range of services, including order management, customer care services, billing services, information management and distribution services. We offer our services as an integrated solution, which enables our clients to outsource their transaction management needs to a single source and to focus on their core competencies. We currently provide transaction management services to over 30 clients that operate in a range of markets, including apparel, computer products, printers, sporting goods and consumer electronics, among others. During fiscal year 1999, IBM was our largest client, and, within the past twelve months, we have signed contracts with over 10 new clients, including Hewlett-Packard, Thomson Consumer Electronics, Nokia, Global Sports Interactive and ISA International plc. These new clients do not currently represent a significant percentage of our revenue. As the Internet has become an increasingly important communications medium, merchants and consumers have embraced using the Internet to buy and sell goods and services. International Data Corporation, or IDC, currently forecasts that the actual number of Web buyers worldwide will expand from nearly 31 million in 1998 to more than 182 million in 2003 and that the amount of worldwide commerce conducted over the Internet will increase from approximately $50 billion in 1998 to approximately $1.3 trillion in 2003. To succeed on-line, a merchant must attract customers to its Web site and provide an appealing and easy to use environment that encourages customers to place an order. Once the customer places an order, the merchant must then process the order by executing numerous transactions, such as confirming product availability, authorizing a credit card purchase, calculating sales tax, fulfilling the order and, when necessary, processing returns. These "behind the scenes" activities are critical to complete the entire transaction. While early adopters of e-commerce business models often developed their own transaction management systems, today many on-line merchants seek to outsource their transaction management needs to third parties. We believe that we are strategically positioned to benefit from the growing use and acceptance of e-commerce.<<<<
Here's select financial info - note nice revenue and no huge losses...
>>>>For the six months ended 9/30/99, revenues rose 42% to $62.8M. Net loss totalled $773K, up from $16K. Results reflect revenues earned under the new European IBM agreements, offset by higher S/G/A expenses.<<<<
THANKS TO MAMA BEAR FOR THIS GREAT IDEA!!!! |
