Mike, extracts from today's press release by IRA
As you may know, IRA handles IR for Agiss. What really surprised me in this is their recommendation on LGS - lookslike somebody may be starting to notice.
biz.yahoo.com
Wednesday August 13 3:26 PM EDT
Company Press Release
Source: Innovative Research Associates
Innovative Research Associates - The Year 2000 Ballgame: Hits, Runs
and Errors
NEW YORK, Aug. 13 /PRNewswire/
[snip]
Agiss Corp. (OTC Bulletin Board: AGCR)
While the demand side of the equation for AGCR was evident in the volume numbers over the past two weeks, the supply from the 504 offering had the upper hand. IRA believes the stock is now moving into solid long-term holders' hands, the supply of 504 stock has probably dwindled to minimal proportions. Thus any positive news should propel
AGCR to the $3.50 to $4.00 range. August is vacation month in Canada, so IRA seriously doubts any new major developments will be announced for three or four weeks, but IRA has a strong visceral hunch that management will pleasantly surprise us with several positive announcements in early-mid September. While IRA is down in price, IRA is bigger believers than ever in the potential for AGCR. The stock at around $2.00 is an excellent buy.
LGS Group Inc. (Montreal: LGS.A)
This company was brought to IRA's attention by a highly astute money manager at the June Y2K conference in Chicago. IRA met management and were greatly impressed with both the depth of experience and their grasp of the Y2K situation in Canada. Founded in 1979, LGS Group, an international company specializing in business consulting, implementation, IT systems integration and outsourcing, entered the Y2K fray with a vengeance in late 1996. Revenues (yes, revenues) were over $92 million (yes, million) in the fiscal year ended March 31st, including some significant sales from completed Y2K consulting contracts. The Company currently has a backlog of over $10 million in Y2K contracts and anticipates announcing numerous additional assignments with both the Canadian government and the bluest of the blue chip firms. (It also has a large French subsidiary which opens the door to overseas Y2K business.)
This stock is completely undiscovered by the Y2K public in the United States, save for a handful of very prescient money managers. At the current price of $9.00 (Canadian), the Company has a very modest capitalization of $45 million. With market exposure in the United States soon to be forthcoming, a window of opportunity exists to pick the stock up ``on the cheap.'' A buy to $10 plus with a $15 target price by year end.
Innovative Research Associates and its principals and employees may hold stock positions and have an interest in options/warrants in the securities mentioned within this report. IRA is a paid consultant to SAA, AGCR and ONUP. For more information on the companies in this report contact IRA at 212-421-2545.
SOURCE: Innovative Research Associates |
