Diablostocks.com also picks SSCP for Tuesday:
diablostocks5 - diablostocks.com
Greetings fellow investors. The Company we present to you for Tuesday
September 19, 2000 is Stereoscape.com (OTCBB-SSCP).
Currently 1.3 million shares estimated in the float.
We understand that GVRC (a Bahamian based market maker) is RUMORED to be
substantially short SSCP stock. Other unsubstantiated rumors also exist
that the transfer agent already has received enough proxies in favor of
the split, that it's nearly a done deal.
SSCP's merger with Epiggy changes the face of the company. Once again,
unsubstantiated rumors are rampant with financing agreements, spin-offs
and a multitude of other improvements to the business model. We have
stated up front that these are only rumors, we cannot confirm or deny any
of this, but the position on SSCP is getting larger by the day.
Other recent forward splits to review include: BIFS, VNCA, VCSY, and TMBE
. . . ALL ran hard.
We anticipate and believe that after the split and the merger, the symbol
and cusip might change.....forcing the shorts to cover, and we all know
what that could mean.
Shareholder meeting to vote on the split is scheduled for Tuesday the19th
of September, 2000 at 10:00am EDT.
Stereoscape.com (OTCBB-SSCP)
Shares authorized - 10,000,000
Shares issued - 3,358,227
Insiders hold - 2,060,000 (estimated)
Free trading float - 1,300,000 (estimated)
After the split :
Shares authorized 200,000,000
Shares issued 50,374,155
Insiders 30,900,000 (estimated)
Float 19,474,155 (estimated)
They will have 149,625,845 shares authorized (Estimated, BUT NOT ISSUED TO
USE FOR ACQUISITIONS ETC.)
Additional information can be found at
sec.gov
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
About ePiggybank.com:
ePiggybank.comTM, has been formed to develop an Interactive web experience
for children ages 5 through 15. The site provides content, entertainment
and education. With parental supervision, children can shop, manage their
own savings, and spending accounts, and learn about money and finance.
The site offers a kid-friendly atmosphere with e-mail, favorite bookmarks
and a homepage that can be personalized by each member. Each member’s
personalized webpage will serve as an all-encompassing personal experience
linked to his/her personal savings and spending accounts. Through this
portal strategy, ePiggybank.comTM intends to become the premier youth
online center and Web experience for kids from which they will launch all
of their Internet activities.
ePiggybank.comTM will become the home page, educational resource and
integral Internet portal for a substantial portion of the estimated 21
million children who will have Internet access by the end of 2000.
ePiggybank.com will employ state of the art technology to deliver these
solutions via the Internet and more traditional media outlets.
Additionally ePiggybank intends to license the characters and creations of
ePiggybank.com.
ePiggybank.comTM has commissioned with Keech Studios, a nationally known
graphics team to give the site a dynamic “Cartoon” look to attract kids
and keep them interested. The architecture of the web site will
incorporate many unique elements that will separate it from competing
websites.
ePiggybank.com is developing strategic alliances with key groups to gain
immediate recognition within their target market. ePiggybank.com worked
closely with young focus groups to determine the most effective graphics
and color schemes to enhance their site.
ePiggybank.com has entered into a licensing agreement with Chevron for the
use of “Piggybank” trademark. ePiggybank.com expects to capture market
share for youth online banking and financial services.
Wednesday July 26, 9:35 am Eastern Time
Company Press Release
stereoscape.com Announces 15 for 1 Stock Split
FREEHOLD, N.J.--(BUSINESS WIRE)--July 26, 2000--stereoscape.com, inc.
(OTC-BB:SSCP - news) today announced that on July 24, 2000 its Board of
Directors approved a 15 for 1 stock split of its common shares. The board
believes that the proposed split of shares is desirable to enhance the
Company's flexibility in connection with possible future actions, such as
stock dividends, corporate mergers, acquisitions of property, the funding
of its business, or other corporate purposes.
Additionally, On July 24, 2000, the Board of Directors of the Company
unanimously adopted a resolution proposing that the Company's Certificate
of Incorporation be amended to increase the authorized capital stock of
the Company to 200,000,000 shares, all of which will be common stock. The
Board directed that the proposed amendment be submitted to a vote of the
shareholders of the Company. If the amendment is approved by the holders
of a majority of the Company's outstanding shares represented in person or
by proxy at the Company's Annual Meeting, the Company's Certificate of
Incorporation will be amended to provide that the Company is authorized to
issue 200,000,000 shares of common stock.
The Company's Annual meeting is scheduled for August 25, 2000, at which
time the above proposal will be voted upon. The aforementioned stock split
is pending approval of this proposal by the Company's shareholders. If
approved the number of authorized shares will be increased to 200,000,000.
The Company plans to effect its 15 for 1 stock split within 10 days of
approval by the shareholders.
stereoscape.com through its subsidiaries, Alpha Sound and Vision, Inc. and
American Buyers Club International, Inc. sells high-end audio, video and
home theatre equipment through the Internet and its retail outlet in
Freehold, New Jersey.
This release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in the forward-looking statements. Factors that might
cause such a difference include, among others, general economic and
business conditions; industry trends; the loss of major customers; changes
in demand for the Company's product; the timing of orders received from
customers; dependence on third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment
of capital; and changes in state or federal governmental regulations of
telecommunications services.
Wednesday August 30, 1:00 pm Eastern Time
Press Release
stereoscape.com Acquires ePiggybank.com, A Financial Website for Kids
FREEHOLD, N.J.--(BUSINESS WIRE)--Aug. 30, 2000--stereoscape.com, inc.
(OTC-BB:SSCP - news) today announced the acquisition of ePiggybank.com, a
financial website for kids. ePiggybank.com is a financial and educational
website that instructs kids on a ``learn by doing'' basis to become
financially literate so that they will be intelligent savers, investors
and spenders as they grow up. The base elements of ePiggybank.com are
Savings, College Funds, Banking Instruments and Cyber-cash. Each child
develops their own home page, which is password protected, on which they
can track how much they spend and invest.
The acquisition of e-Piggybank.com is the first step in a complete change
of business plan under the direction of new CEO, Mario Bassani. The
Company is in the process of changing its business plan and becoming a
holding company. At its September 19th shareholder meeting the increase in
authorized capital stock shares will be the next step the Company will
take in achieving its goals. With the additional authorized shares the
Company will look to diversify and acquire other Internet related
companies via accretive stock transactions. These companies may be
spun-off to the Company's shareholders to enhance overall shareholder
value.
The transaction includes a payment of 500,000 stereoscape.com shares in
addition to options to purchase 200,000 shares of stereoscape.com common
stock at $1.00 per share, with certain vesting requirements.
The transaction includes the acquisition of all of the trademarks,
intellectual properties and domain names currently held by and relating to
ePiggybank.com. The Company also has an agreement with Chevron (NYSE:CHV -
news) for use of their ``Piggy Bank'' Trademark.
As quoted from Business 2.0, March 2000, ``The right domain name can
solidify a company's corporate identity, permanently embed itself in the
human psyche, and garner more attention than a 30-second advertising spot
during the Super Bowl.''
Estimates by Jupiter Communications, Inc. (NASDAQ:JPTR - news) indicate
that by the year 2002 approximately 21,000,000 kids will have direct
access to the Internet. This group controls direct spending of $28
billion, and influences an additional $126 billion in spending by adults,
reported by Packaged Facts of Kalorama. These figures do not include the
``prime spending'' teen years from 15-19. Teen Research Unlimited,
reported, ``U.S. teens spent $141 Billion last year.''
In a survey that may prompt advertisers to pump more money into marketing
to children, a Web tracking firm concluded that kids are more likely than
any other age group to click on Internet banner ads.
The survey - released by the Web measurement firm Nielen/NetRatings -
found that in June 2000 kids 11-years-old and younger clicked 0.87 percent
of banner ads that popped up on their computer screens. That figure is
nearly double the 0.45 percent average click rate for all U.S. Internet
users and significantly higher than any other individual age group.
ePiggybank.com offers a bevy of interesting options, including:
Money School - Economics and personal finance taught via online tutorials
with an award system designed to encourage kids to learn.
Stock Market - Market fundamentals are taught by trading a mock portfolio
with an established firm and partner.
``How do Banks Work?'' - Gives kids an understanding of banking and the
services they provide by practicing with online accounts.
Smart Shopping - Tutorials designed to teach kids how to be smart shoppers
using click through shopping sites.
Earn e-poinks(TM) - Valuable e-poinks are earned by the kids while
participating online. These e-poinks can be used for the ``purchase'' of
various items.
News and Stocks - Real news pertinent to kids and their interests. Stock
reviews of companies with a kid slant or interest.
Bookstore - Click through bookstore and reviews of financial publications
appropriate for kids of various ages and peer reviews.
Video Vote - Kids vote for their favorite videos online.
Sports - Hot links to the best sports site.
Global Pen Pals - Code name for chat room, also ``Financial Celebrity''
scheduled discussions.
Calendar - Calendar of upcoming events.
Multilingual Site - The site will soon be available in several languages.
The graphic design team, Keech Studios, have the ePiggybank.com site
available for preview viewing, at ePiggybank.com with the complete fully
operational site scheduled for release in late October 2000. Keech Studios
have performed projects for such major companies as Planet Hollywood, US
West, Celestial Seasonings, J. Walter Thompson, Lockeed/Martin, Reebok,
and Coors.
In addition to ePiggybank.com, stereoscape.com through its other
subsidiaries, Alpha Sound and Vision, Inc. and American Buyers Club
International, Inc. sells high-end audio, video and home theatre equipment
through the Internet and its retail outlet in Freehold, New Jersey.
This release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in the forward-looking statements. Factors that might
cause such a difference include, among others, general economic and
business conditions; industry trends; the loss of major customers; changes
in demand for the Company's product; the timing of orders received from
customers; dependence on third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment
of capital; and changes in state or federal governmental regulations of
telecommunications services.
Monday August 21, 1:22 pm Eastern Time
Press Release
stereoscape.com Reports Second Quarter Earnings
Resets Its Annual Meeting for September 19, 2000
Declares Acquisition Strategy
FREEHOLD, NJ--(BUSINESS WIRE)--August 21, 2000--stereoscape.com, inc.
(OTC-BB:SSCP - news) today announced Net sales for the quarter ended June
30, 2000 decreased 50.1% to $442,332 from $886,351 for the quarter ended
June 30, 1999. The decrease was the result of eliminating lower margin
sales and a reduction in advertising expenditures.
Gross profit for the quarter ended June 20, 2000 decreased 57.8% to
$87,948 from $208,002 for the quarter ended June 30, 1999. As a percentage
of net sales, gross profit decreased to 19.9% in the 2000 period compared
to 23.4% in the 1999 period. The decrease was primarily the result of
increased sales of lower margin products, promotional pricing to generate
sales increase, and introductory pricing of new product lines.
Selling, general and administrative expenses for quarter ended June 30,
2000 decreased 21.7% to $180,900 from $231,039 for the quarter ended June
30, 1999. The decrease in selling, general and administrative expenses
consisted primarily of cost cutting measures implemented by new senior
management as of the beginning of June, 2000.
Net losses for the quarter ended June 30, 2000 increased to ($92,952)
compared to losses of ($23,037) for the quarter ended June 30, 1999. This
increase was due to a decrease in sales volume for the period.
As previously announced the Company expects to approve an increase in its
authorized shares to 200,000,000, which will allow for the completion of
its pending stock split, at its annual shareholders' meeting now scheduled
for September 19, 2000.
Additionally, the Company is currently in final negotiations with a
potential acquisition that will propel the company into an exciting new
market, while maximizing shareholder value.
stereoscape.com through its subsidiaries, Alpha Sound and Vision, Inc. and
American Buyers Club International, Inc. sells high-end audio, video and
home theatre equipment through the Internet and its retail outlet in
Freehold, New Jersey.
This release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in the forward-looking statements. Factors that might
cause such a difference include, among others, general economic and
business conditions; industry trends; the loss of major customers; changes
in demand for the Company's product; the timing of orders received from
customers; dependence on third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment
of capital; and changes in state or federal governmental regulations of
telecommunications services.
IMPORTANT DISCLOSURE & DISCLAIMER for DiabloStocks and BullsEyeTrader
Newsletters -
The preceding was an advertisement for Stereoscape.com (OTCBB-SSCP). The
purpose of this advertisement, like any advertising, is to provide
coverage and publicity for the company. Please consult with a certified
financial advisor before making any investment decisions. All material
found in this report is for informational purposes only. All information
on this report should be confirmed before making an investment decision.
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