Jim:
First let me say that Peak's web server is being upgraded today so you may have trouble accessing their web site today. Also, I strongly encourage you to try the 30 day free trial and see what you think when their web site is up again. They are averaging over 1000 downloads a day.
I discover the stock when I saw an ad for Net.Jet in a computer magazine. It was the first product I had heard of that moves to speed up browsing without needing a faster modem. I then went and found out who made the product. That is how I found the company.
Let me also say that I have never bought a security on a penny stock exchange like the Alberta. I was reluctant at first but after having many discussions with the company's Investor Relations and also speaking with the CEO I realized Peak is very determined to move to the NASDAQ. The only thing keeping them back is their asset value. A minimum of $4 million in assets is needed.
Yes, I am buying. I have been buying since November and I own alot of shares. If you buy I would plan to hold the stock at least through this year. I also like the stock because at $0.65 there is not much downside considering how well the product is selling.
I will post their last press release. You will see in it that Peak sees "continued growth in sales, backlog and contract commitments for the rest of the fiscal year"
So, the question is why is it still only $0.65. I think the main reason is the Alberta Exchange listing. If they can get by that, watch out, the stock could soar! To quote a friend of mine, "Everything I've seen that owns a niche, when that niche is perceived as having value, has performed."
Here is the last press release:
Second quarter sales of US$298,445; additional contracts in excess of US$1m
Peak Technologies Inc
PKT.A
Shares issued 8,400,000
Thu 10 Apr 97
News Release
Mr Douglas Foster reports, Peak Technologies (Alberta Stock Exchange: PKT.A), Doug Foster, president and CEO reports second quarter sales of Peak Internet performance enhancement products and negotiated agreements in the quarter for delivery through December 31 1997 of US$1,351,725 versus the previous quarter's total of US$224,000.
Sales of Peak software and services were $298,445 in the fiscal second quarter ending March 31 1997. Peak products are being sold in five of the top six major US software retailers who account for over 50% of the total US annual software sales of US$3.6 billion. At March 31 1997, Peak's order backlog was 9,836 units, valued at US$142,080 for shipment in April. Internationally, the company recently announced distribution agreements during the second quarter in Japan, UK, Germany, France, Australia, Korea and Brazil with total minimum sales commitments to deliver 39,800 units by December 31 1997. The total value of these contracts is US$491,200. This does not include commitments made for the Mac versions of Peak software which are anticipated for delivery early in the quarter ending September 1997.
Major partnering agreements have been reached in the quarter ending March 31 1997. The company estimates, based on industry standards, that these agreements will produce sales of Peak performance enhancement software valued in excess of US$420,000 by December 31 1997.
The company is negotiating a contract to expand its retail distribution in the US and Canada to include 12 of the top 13 software retailers, reaching over 85% of the software retail market. The company expects to finalize this contract during the fiscal third quarter, April 1 through June 30 1997. Additionally, the company expects more partnering agreements to expand distribution both in the US and international markets.
The company expects continued growth in sales, backlog and contract commitments for the rest of the fiscal year as the introduction of updated software products have been favourably received by analysts and consumers in addition to the release of new Peak products.
Peak Technologies, Inc, headquartered in Bellingham, WA, is a pioneer in the development of Internet performance enhancement products. Peak employs a Java-based development environment in a series of software products designed to revolutionize the delivery of information and graphics on the Internet. Peak's mission is to provide Internet performance products that enhance the functionality and quality of the Internet experience for both consumers and businesses. For investor information, call 1-888-377-7325 or email invest@peak-media.com.
For product information, visit the Peak Technologies Inc Web site at peak-media.com. |
