SSCP this email just received:
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Date: Tue, 25 Jul 2000 18:20:40 -0000
Reply-To: pettycash-owner@egroups.com
Subject: [pettycash] Split rumor... SSCP.... Split Rumor
We received the following alert yesterday from our friends at the
dailywire. We have checked with several sources and have determined
there is some fire behind the smoke of the rumored split.
The stock is at a great accumulation level. Great time to trade in.
God Bless and Good Trading
Pettycash
SSCP- On Friday, SSCP saw significant gains (from .73 to a close of
1.25 on 420,000 shares of volume) due to a rumor of a forward stock
split. We have been told by numerous reliable sources that this is
in
fact true... Today, there has been some profit taking and some MM
maneveuring to level it off...it looks based here and ready to move
up
as the rumor spreads. We have seen other forward splits appreciate
anywhere from 100% to 1000% in a short time and this one should be no
different, especially considering the amount of the split rumored.
It seems as though the company wants to do something to increase
their
liquidity in the marketplace. We are hearing this forward split will
be announced sometime in the near term weeks; ratio is anywhere from
10:1 to 18:1.
Needless to say, should the stock split 10:1 or 18:1, the price of
the
stock will move much higher once the company announces this news...
In
the meantime, the rumors and discussions of this stock split on the
message boards and in the chat rooms are sure to drive the price
higher over the coming days. Not to mention the small float....
Current ask 1 1/8 Stereoscape.com (OTCBB-SSCP)
Outstanding Shares: 4.1M
Public Float: Just under 1 million
About Stereoscape.com:
Incorporated in 1997, stereoscape.com (www.stereoscape.com ), through
its subsidiaries Alpha Sound & Vision, Inc. (www.alphasound.com ) and
American Buyers Club International, Inc. (www.abcstereo.com ), sells
high-end audio, video and home theatre equipment on the Internet and
at its retail store. All orders are paid for by check or credit card
at the time of shipment. There is no financing offered -
SSCP’s
business is strictly a cash and carry operation.
Stereoscape.com offers a wide range of name brand products listed at
several different price points, with a greater product depth at
higher
price levels than most of its competitors. SSCP currently offers
several hundred products, including all of the top brands of home
theatre and related electronic equipment brands (JVC, Sony, Yamaha,
Denon, Krix, Klipsch, Thornberg, etc.).
Although SSCP s subsidiaries sell through different media, the
majority of the products that they sell are identical. The
company’s
retail store provides custom design and installation services for all
of its home theatre products.
SSCP derives its revenues from the sale of home theatre systems and
individual components to customers on a call-in basis and via the
Internet. Presently, sales are being generated about equally from
leads generated through the Internet and traditional print / radio
advertising, although by years-end, SSCP anticipates that the
majority
of its sales will be Internet-driven.
Stereoscape.com recently announced major changes to its management
team as part of its on-going effort to implement its growth strategy.
Mario Bassani, SSCP’s new Chairman & CEO stated that
“we are
currently exploring various avenues for growth, including expanding
our Internet presence, increasing advertising for our retail store,
importing and distributing new product lines, and several key
acquisitions. We are confident that the Company will succeed in
realizing many of the above growth opportunities.
SSCPs website recently underwent a major upgrade in conjunction with
stereoscape.com’s announcement of its new Yahoo! e-commerce
store.
The new Stereoscape.com website boasts detailed product descriptions,
shopping cart style checkout, lightening fast order processing, and
is
database-driven.
The Yahoo! store has the capacity to process huge quantities of
orders, and will accommodate SSCP™s projected growth over the
next
several years. The enhanced website allows customers to make
informative buying decisions, without the hassle of searching the web
for product information.
Expectations are that this new relationship with Yahoo! should
dramatically increase traffic and sales for SSCP. By years-end,
Stereoscape.com expects to be generating the majority of its sales
leads through the Internet.
The company is projecting sales for the current fiscal year to reach
$7.5 million with a gross profit of $1.9 million (about $0.46 per
share).
Stereoscape.com, Inc.’s 10-K Report indicates that sales for
the
year ending December 31, 1999 increased by 30% to $4,112,324 from
$3.16 million the year before. Gross profits for fiscal 1999
increased
27% to $822,698 from $649,000 the year before.
SSCP indicates that revenue projections for the current fiscal year
2000 (assuming completion of a small external financing) are about
$7.5 million, increasing to $10 million in FY 2001. Gross profits for
this year and next year are estimated by SSCP at $1.9 and $2.5
million
($0.46 and $0.61 per share), respectively.
Stereoscape.com, Inc. is a fully-reporting company. All of SSCP™s
filings are available for viewing at www.edgar.com. The company™s
10-K
Report for the year ending December 31, 1999 can be viewed at:
sec.gov
881590-00-000006.txt
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