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In addition, the Publisher is entitled to receive an option or warrant to purchase up to two hundred thousand common shares of the Company's stock, exercisable as follows: one hundred thousand shares at eight dollars; one hundred thousand shares at nine dollars.
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Quote:
Last Trade: 0.82
Change: -0.16
High: 0.98
Low: 0.81
Volume: 43,400
Shares Out (thou): 17,999
52 Week High 12.25
52 Week Low: 0.60
P/E:
Junun, Inc. is a credit management and debt exchange company dedicated to revolutionizing the financial services industry, which is comprised of both the Credit and Debt markets. Due to its proprietary technology, Junum currently experiences no national or regional competition and is at least 18 months ahead of any major competition. Its marketing strategy is to use the established distribution of its e-business partnerships. In addition, the Company plans to aggressively implement a growth-through-acquisition strategy to further develop and expand its technology offering and grow its business to become a standard service used by all credit-conscious consumers and businesses. Junum, Inc. is a holding company housing four distinct wholly owned subsidiaries: Junum.com, Inc., Voléran, Inc., Junum Financial, Inc. and Junum Intellectual Property Holding Company, Inc.
INVESTMENT HIGHLIGHTS:
· Junum, Inc. has multiple revenue sources, allowing it to recognize approximately $25 per member in recurring monthly revenue. Further, the Company has low overhead, spending only $3 per member, per month.
· The Company targets a vast market that totals more than 200 million individuals and businesses in the United States alone.
· Approximately 49% of the Company's common stock is owned by insiders and is restricted until November 2002.
· Junum's wholly owned subsidiary, Voléran, holds a portfolio of non-performing debt valued at $352.5 million, for which it paid the banks a rate of one to two cents on the dollar. Once acquired, these defaulted debts will be converted to a performing receivable with high 85-90% margins.
· The Company has eight technology patents pending certification by the U.S. Patent and Trademark Office.
· Junum's management team has completed the development of the Company's corporate infrastructure and holds a first-to-market advantage via its proprietary technology.
· The Company maintains marketing and co-branding alliances with Military.com, MortgageIT, LowerMyBills and Homestore.com (Nasdaq/NM:HOMS), the largest supplier of online media and technology solutions to the home and real estate industries.
DIVISIONS:
· Junum.com, Inc. manages both individual and commercial credit by authenticating credit reports and protecting credit identification through its automated, proprietary technology in which members pay a small monthly fee to receive. Its poses a solution to the growing number of incorrect credit reports, often containing four or more serious errors due to the barrage of information delivered daily to the three largest national credit agencies, TransUnion, Experian and Equifax. Its customers' credit scores often improve as much as 100 points after they engage Junum.com.
· Voléran, Inc. is a debt exchange company, which buys non-performing debt from banks at one to two cents on the dollar and turns that debt into a performing receivable. In January 2001, Voléran purchased a non-performing debt portfolio valued at $352.5 million that consisted of 189,000 individual accounts, each of which passed employment verification and bankruptcy checks. The Company then issues each person a Voléran credit card, with which they are able to pay back their debt at a competitive interest rate on a more flexible schedule and eventually return to good credit standing. After having paid only 1-2% of the owed debt to the banks, Voléran recognizes substantial margins of 85-90% and must only collect the first month's payment of approximately $30 to realize profitability.
· Junum Financial, Inc. enables financial institutions to become lending partners to Junum's customers with substantially improved credit. Junum Financial markets these customers to its lending partners who, in turn, offer the customer a credit card. Junum earns a commission for each customer referred.
· Junum Intellectual Property Holding Company, Inc. is a licensing company that holds Junum's financial technology products. Currently, the Junum family has eight U.S. patents pending.
INDUSTRY OUTLOOK:
Junum, Inc. is positioned to capitalize on growing trends in the financial services industry by offering consumers solutions to such problems as erroneous credit reports, identity theft and consumer debt and offering banks and other debt holders a solution to non-performing debt.
The Federal Trade Commission recently stated that identity theft is the fastest growing crime in the United States. The problem is real and can affect any American, from the guy next door to a famous athlete. Further, 70% of credit reports contain errors, which cause significant damage to an individual's ability to borrow money.
Consumer debt totals more than $1.58 trillion, not including mortgage loans. In March 2001 alone, credit card debt rose to $15 billion. More specifically, the amount of debt placed for collection has been on the rise during the past decade. In 1999, approximately $216 billion in bad debt was placed for collection. Further, the market for purchasing this non-performing debt has expanded to more than $60 billion in face value annually.
*Information obtained from Junum, Inc.
Market Makers
NDB Capital Markets; North American Institutional Brokers; Schwab Capital Markets, LP.; M.H. Meyerson & Co., Inc.; Phillip Louis Trading, Inc.; Fleet Trading - Division Of Fleet Securities; Herzog, Heine, Geduld, Inc.; Spear Leeds & Kellogg Capital Markets; Wilson-Davis & Co., Inc.; Westminster Securities Corp.; Ladenburg, Thalmann & Co, Inc.; Wien Securities Corp.; Knight Securities, Inc.; GVR Company; Hill Thompson Magid & Co., Inc.; Oscar Gruss & Son, Inc.; Gaines, Berland, Inc.; Level Jump Trading, Inc.; Wm. V. Frankel & Co., Inc.; Paragon Capital Corp.; Jersey Shore Trading Group, Inc.; Equitrade Securities Corp.
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Junum, Inc.
1590 Corporate Drive
Costa Mesa , CA 92626
Phone: 714-979-5063
Fax: 714-979-5067
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This publication is an advertisement on behalf of Junum, Inc. and may not be construed as investment advice. This advertisement does not provide an analysis of the Company's financial position and is not a solicitation to purchase or sell securities of the Company. Readers should consult with their own independent tax, business and financial advisors with respect to any investment, including any contemplated investment in the advertised Company. All information contained in this advertisement should be independently verified with the advertised Company and by an independent financial analyst. The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, "the Publisher") of this advertisement has been compensated by the Company. Compensation includes ninety thousand dollars cash. b In preparing this advertisement, the Publisher has relied upon information received from the Company, which, although believed to be reliable, cannot be guaranteed. This advertisement is not an endorsement of the Company by the Publisher. The Publisher is not responsible for any claims made by the Company. You should independently investigate and fully understand all risks before investing. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
