ALERT ETCH target $7.50 short term..30 per share profits. (COMTEX) B: Investors' Alert Announces Investment Opinion On Elite Te
B: Investors' Alert Announces Investment Opinion On Elite Technologies With A
Short-Term Target Of 7.50
Jun 29, 2000, (INTERNET WIRE via COMTEX) -- Investors' Alert's previous
recommendation, Pangea Petroleum (OTC BB: PAPO), recommended at $0.75, on June
12, 2000. It peaked at almost $3.00 and is now trading at $1.87.
Thomas Loyd, Investors' Alert's editor-n-chief, stated, "Our next
recommendation, which we believe will move higher than PAPO in the short term,
is Elite Technologies." Elite Technologies is a full service technology
corporation with divisions in Information, Technology, Custom Software
Development and Integration, and Internet Development. The Company serves as an
authorized solution provider and application developer for leading
enterprise-level software products. Elite Technologies is also an integration
and reseller of Eastman Software, a subsidiary of Eastman Kodak (NYSE: EK), and
a premier partner with Hewlett Packard (NYSE: HWP).
Thomas Loyd, went on to say, "The most exciting element of ETCH is its Internet
kiosks, which it provides to hotels, airports, and other locations. These kiosks
allow the user to browse the Internet, retrieve e-mail, and perform other
Internet-based activities on a pay-by-minute basis. They use a proprietary
software system developed and owned by AMG, Ltd., a subsidiary of ETCH."
He again stated, "We previewed these kiosks, and they are a very fun experience.
They are designed for both domestic and foreign business travelers, in the U.S.
and abroad, and offer Secure Internet Browsing, free telephone calls, Web
portals for booking travel arrangements, business to business portals for
facilitation of international trade, providing the procurement of goods from
foreign markets and much more.
ETCH has wisely acquired AC Travel. AC Travel's Web presence will be the travel
service featured on the ETCH kiosks. ETCH will receive all travel service
revenue and has the ability to provide all travel requirements to travelers. The
amount of travel service revenue via AC Travel's portals should be enormous, if
there are plenty of these kiosks in place.
So, how many of these kiosks are in place, under order, or under contract to be
placed? As of June 21 this year, well over 1000 kiosks are already in place.
ETCH has orders for 5000 units, and the company has commitments for a total of
20,000 units through this fiscal year. Each unit retails for approximately $5000
to $7000.
The kiosk units already in place are averaging 15, ten-minute Internet sessions
per day. With 20,000 units, that's a total of 3 million minutes per day viewed.
The advertising revenues that ETCH will receive should be enormous. (ETCH's
subsidiary, AMG, Ltd., has already pre-sold a substantial amount of
advertising.)"
He again said, "After we interviewed the CEO, Mr. Scott Schuster, he
conservatively predicted revenues for this fiscal year to be $60 million to $65
million, with a net income of $7 million to $10 million. That's a net income of
approximately $0.30/ share. With a 20 to 40 P/E--and these Internet
technology-based companies trade at very high P/Es--the stock should trade as
high as $9.00, or even higher by the end of this fiscal year for the company.
Yet, this is not pie-in-the-sky thinking. The company already has over $6
million in revenues, year to date. ETCH's wholly owned subsidiaries also are
presently providing the company with significant revenues. For instance,
Telediscount Company, a newly acquired subsidiary, had 1999 revenues exceeding
$22 million. AMG Ltd., the company's wholly owned subsidiary--which provides the
Internet kiosk software--already has $12 million under contract, and is
projecting $25 million in total revenue this fiscal year alone. And Ac Travel is
projecting revenue of over $6 million for this fiscal year." Symbol-
ETCH Shares Outstanding- 31,130,000 Float (est.)-
3,800,000 Short-term Target- $7.50 Contact- Angela Hardey
407-523-6755 Other stocks we are tracking, but have not made a
recommendation: Safe Technolgies International (OTC BB: SFAD); Infotopia (OTC
BB: IFTP); Broadband Wireless International (OTC BB: BBAN); E Digital Corp. (OTC
BB:EDIG); BEA Systems (NASDAQ: BEAS); Global Crossing Limited (NASDAQ: GBLX);
Worldcom Inc. (NASDAQ: WCOM); Verisign Inc. (NASDAQ: VRSN); Conseco Inc.
(NYSE:CNC); Sedona Worldwide (OTC BB: SDWW); Voyager Internet Group.Com (OTC BB:
VIGC); World-am Coomunications Inc. (OTC BB: WLDC) Sunterra Corp. (OTC BB:
STERQ); Teleservices Internet Group (OTC BB:TIGI).
Investors' Alert is an independent research firm, owned by Thomas Loyd, with
paid subscribers. Subscriptions are $199.00/year for Investors' Alert newsletter
service. This report is based on Investors' Alert independent analysis but also
relies on information supplied by sources believed to be reliable. Loyd
Financial Consulting has been retained by Pecan Tree Consulting to represent
ETCH for a period of six months beginning June 21, 2000 and was paid 70,000 of
ETCH common shares by Pecan Tree Consulting. Thomas Loyd and Loyd Financial
Consulting may from time to time buy or sell ETCH common shares in the open
market without notice. Thomas Loyd has purchased 54,000 shares of ETCH in the
open market. 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. It is intended for information only. Also, the oral statements made to
Investors' Alert by Mr. Scott Schuster, ETCH's CEO contain so-called
"forward-looking statements." Many factors may cause actual results to differ
from forward-looking statements, including inaccurate assumptions and a broad
variety of risks and uncertainties, some of which are known, others of which are
not. No forward-looking statement is a guarantee of future results or events,
and one should avoid placing undue reliance upon these statements. Investors
should consult with their Investment Advisor concerning ETCH. Copyright (C) 2000
by Loyd Financial Consulting. All rights reserved.
CONTACT: Thomas Loyd
Investors' Alert
713-973-5782 |
