SSCP, rec'd e-mail too, similar to that one:
Stereoscape inc. (OTCBB-SSCP)
Outstanding Shares: 4.1M
Public Float: Just under 1 million,
SSCP a retrailer of audio and video equipment, specializing in home-
theater systems. Has seen increased activity in the last few days
over rumors of a 10:1 or greater split, there have been some sources
that have come out and called this a "fact", so there is
definetly "some" substance. What is to come we are still to see. The
Company has a tiny float, which is the cause of it's reason to split.
Alas the recent history speaks poorly on anyone who has missed out on
the most recent forward spliters in the OTCBB. From VNCA, to SBID,
to FDKP and many in between.
SSCP looks to be well on it's way to extend the forward stock split
rally. What's behind this? it seems to be more psychological then
anything else, a company of SSCP's caliber with 4.1mil shares OS at
$1, after a 10:1 (for example) would be priced at .10 with 41mil OS.
Apparently as proven in the past when people see a good company at
around a dime in price, the undervalued light pops on, as so few good
companies remain at that price.
Here is some info on SSCP.
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."
SSCP's 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
000006.txt
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