Hi Richard, Forecross is not the only one anymore.If you're interested in the year 2000 there is a new kid on the block that just opened for trading on the VSE the other day and jumped like an alley cat. This one already has earnings of 6 million a year. Shares out 5.3 million. Check out the website <http://www.groupwest.ca> to further conduct your due diligence but we can point out a few very important aspects of this companythat lead us to believe they offer tremendous future earnings potential.
1) Revenue to the end of 1996 was over $6 million without any of the Year 2000 technology being employed (new aspect of their business in 1997).
2) The company has been in business for over 20yrs and is highly respected with approx 80 employees in B.C, Alberta, Saskatchewan, Manitoba, California and Washington
3) Group West is a Blue Chip Business Partner with IBM and has exclusive rights to a software program designed to handle the Year 2000 problem on all AS/400 computer systems in Canada and the Western United States. In Canada there are approx 5000 AS/400
mainframe computers and 7000 in California alone.
4) Gartner Group Consultants has estimated that a typical mid-size company could spend as much as $3-$4 million in personnel and computer resources to make the changes - large companies and government could spend ten times that or more.
5) BellSouth and several Major Chemical companies are very satisfied
customers of Group West who have offered their names as references for
future clients.
6) Timing is becoming critical for many companies as it is a known fact there will not be enough technical resources to cope with this worldwide problem.
7) The company is one of the largest and most successful of its kind in Western Canada and has a broad development environment, being able to handle AS/400 systems, UNIX, Windows, Novell, Progress, Oracle and MS Access.
8) The Year 2000 issue alone is one of the hottest areas in the entire
technology sector with market capitalizations running at astronomical
levels based upon future earnings potential. With GPW's reputation,
association with IBM, and one of the Premier Tools in the Industry for
solving these problems, the stock price potential is terrific.
Good Luck
Shirley |
