THREAD ALERT on DWLD. more emails:
June 4, 2000
DataWorld Solutions, Inc. (OTCBB: DWLD)
June 3 closing price: $1.28
52 week high: $4.25 on February 8, 2000
Float: 6.2 million shares
Contact Info:
920 Conklin Street
Farmingdale, NY 11735
Phone: (631) 293-1610 Fax: (631) 293-9833
Investor Relations: 1-888-369-9976
Corporate Website: dataworlddirect.com
Why we like this stock:
1. Rumors on the net indicate that someone is short nearly 700,000 shares on this stock. We do not know where this information came from or if it has any validity. Word on the street is that with DWLD recently securing the 1.6 million in financing, this person is going to attempt to cover the short. If this is true this stock could see a nice upward movement as shares are purchased in attempt to cover the short. Again, this is only the word on the street. For more info, go to the DWLD board on Raging
Bull.
2. DWLD has come way down from its recent high of $4.25 and we feel that it has alot of upside potential.
3. DWLD is in a great industry and has working agreements with numerous outstanding clients such as:
3M Corp. (NYSE: MMM)
Bank of America (NYSE:BAC )
Bear Stearns (NYSE:BST )
BMC Software (Nasdaq:BMCS )
Chase Manhattan Bank (NYSE:CMB )
Cisco Systems (Nasdaq:CSCO )
Picturetel (Nasdaq:PCTL )
RCN Corp. (Nasdaq:RCNC )
U.S. Web (Nasdaq:USWB )
Northrop Grumman (NYSE:NOC )
4. On June 1, 2000 DWLD announced the closing of a private financing of $1,600,000.
5. Net sales UP (according to most recent 10q filing)
6. Gross Profits UP (according to most recent 10q filing)
7. Numerous other OTCBB newsletters are mentioning this stock
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Background Information on DWLD:
DataWorld Solutions, Inc., formerly Vertex Computer Cable & Products, Inc.,is a multi-regional value-added specialty distributor of electronic cable assemblies used in providing connectivity solutions, which includes system integration, for customers operating a wide range of data systems.
This includes linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer requirements. The Company adds value by providing connectivity solutions, which may include distributed sales
of passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components, including hubs, bridges, routers, gateways and modems.
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Some Financial Information on DWLD:
According to the SEC 10Q filing on May 15, 2000:
Net sales have nearly tripled over the past year. Net sales for the nine months ended March 31,2000 were approximately $9,953,000. Net sales for the nine months ended March 31,1999 were approximately $3,302,000. This increase is a result of Old DataWorld merging with Vertex, as well as an increase in sales of distribution products from Old
DataWorld.
Gross profit has nearly tripled over the past year. Gross profit for the nine months ended March 31, 2000 was approximately $2,279,000.
Gross profit as a percentage of sales was 22.9% for the nine months ended March 31, 2000. Gross profit for the period ended March 31, 1999 was approximately $700,000. This increase in gross profit is a result of increased sales volume in the current period.
To further read the latest SEC 10Q filing for DWLD, click
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