INFORMATION ON JAX INTERNATIONAL (JAXI)
The float is approx. 1.5 million Total shares 5.4 Million The mortgage company hasn't been aquired as of yet still in the works according to Joe. As far as Financials remember this is a start up company that emerged basically in January but look at the
CONTRACTS for the one project 6.4 million projecting 900,000 in profits were talking contracts here signed and approved by the bank. Also JAX recieved financing for there whole project they are currently building homes in tulsa. Also on top of all this Jax purchased 54 1/2 acres With a net gross of 8 million in sales and projected net of 2 million that they are developing in December. Again we are talking 5.4 Million total shares. Revenues will start coming into play in september when they close on some of the homes.
JAX INTERNATIONAL FACTUAL INFORMATON
Listed below are some of what JAX INTERNATIONAL (JAXI) has in the
works. The total outstanding shares is 5.4 million - float Approx.
1.5 Million Transfer Agent to verify shares is Florida Atlantic
Stock Transfer... Renee Garcia (954) 726-4954... to verify
5.4 million...
Listed below I have gathered information to make it easier for an
investor to make there own decision on becoming a shareholder of
JAX INTERNATIONAL.
Morgan Special Situation Report reccommended Jaxi in April when the
stock was .65 at that time you must remember that JAX INTERNATIONAL
DID NOT HAVE THE FINANCING IN PLACE , DID NOT HAVE THE DEVELOPMENT
SOLD OUT. LOOK AT THERE PROJECTION BASED ON IF JAXI WENT ON AS PLANED
$2.00 A SHARE. To add on top of this JAX INTERNATIONAL purchased
half-interest in approximately 54 1/4 acres in SandSprings, Okla.,
an up-and-coming community on the west side of Tulsa.
Which Morgan Special Situation Report had NO KNOWLAGE SINCE THE LAND
WAS PURCHASED AFTER THE REPORT. Whats there projection then ?
GREATER THAN $2.00
April 23, 1997--The Morgan Special Situation Report recommended
Clayton Homes Inc , Jax International Inc and Weitzer Homebuilders
Clayton Homes, JAX International and Weitzer Homes recommended by The Morgan Special Situation Report
JAX International (JAXI) $0.65, Target $2.00, 561/243-3337,
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The following news wire updates the 90 lot development at the present
time THE DEVELOPMENT HAS BEEN SOLD OUT THAT'S A FACT.
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May 6, 1997--JAX International Inc. (OTC:BB -news) announced Tuesday
it has accepted 102 purchase applications for its 90 lot development,
Woodview Heights, in Tulsa, Okla.
The applications total just shy of 6 million dollars.
Verna Howard, marketing and sales specialist, said: ``We already have
approvals for first mortgages on 40 of those applications totaling over 2 million dollars, and we've already signed 20 contracts
totaling more than 1.1 million dollars. The response we've had here
in Tulsa has just been fantastic. It's heart warming to bring the dream of a first home to reality for our customers.''
JAX International Inc. is a fully diversified developer of affordable homes. As its Tulsa subdivision, Woodview Heights, JAX International Inc. will build single family homes priced from $46,990 to $59,990.
With sales and contracts happening at this rate here in Tulsa,'' said James Howard, CEO, ``we should be ready to break ground and start building within the next 30 days or less.''
An independent appraisal was conducted as of April 1, 1997 for the
90 lots in the Woodview Heights Amended Subdivision by Darrell E. Brown, appraiser, 7204 East 90th Place, Tulsa, OK 74133.
The appraisal states that the property purchased by JAX International Inc. for $675,000 has an ``AS IS'' market value of 1 million dollars.
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June 16, 1997--JAX International Inc. (OTC:BB -news) announced it has
secured construction financing for all 90 homes to be built in its Tulsa,Okla. subdivision``Woodview Heights.''
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Below is the dividend JAX INTERNATIONAL offered after June I realized I had more shares of JAXI stock in my account so what they stated was
accurate they issued the shares.
June 24, 1997--JAX International Inc. (OTC Bulletin Board:JAXI)
announced Tuesday it has set June 30, 1997 as the record date for its
first ever dividend to be paid.
The dividend will be distributed on or about July 15, 1997. That
means that all shareholders of record on June 30, 1997 will be paid
a dividend.
JAX International Inc. will pay a 1.25% dividend at the end of every
fiscal quarter, beginning this quarter ending June 30, 1997 and for the next 3 quarters totaling 5% annually, to shareholders on the record dates which will be June 30, 1997, Sept. 30, 1997, Dec. 31, 1997 and March 31,1998.
The dividend will be a stock dividend for this quarter. There will be no fractional shares issued. Fractional shares will be rounded up to one full share for all fractions of .50 or greater. For all fractions less than .50 no share will be issued.
James Howard, CEO and Joseph Francella, president have both declined the dividend saying ``the dividends are intended for our shareholders as our way of saying thanks for having faith in and sticking with JAX
International Inc. for the long term.''
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There is no confirmation on acquiring U.S. Mortgage Co. of Oklahoma my last conversation with Joe at JAX was that it was still in the works and everything was progressing smoothly.
July 8, 1997--JAX International Inc. (OTC:BB -news) in keeping with its mission as a turn key developer of affordable single family homes
has signed a letter of intent to acquire U.S. Mortgage Co. of Oklahoma.
U.S. Mortgage Co. is a recently formed Tulsa, Okla. mortgage broker
which specializes in providing loans to the low to middle income
market. U.S. Mortgage Co. is headed by Kent Wilkerson who has over
14 years experience in the financial industry.
In addition U.S. Mortgage Co. will immediately generate revenues for them and JAX International Inc. because they will acquire approximately 15 loans from the pool of loans already being held by JAX International Inc.
Each loan handled by U.S. Mortgage Co. currently grosses the company approximately $2,000 based upon the size of the loan and the credit rating of the borrower. Loans originated in this category typically generate points in the 4 to 6 range.
JAX International Inc. anticipates at the end of the year U.S.
Mortgage Co. will process approximately 30 loans per month, and as
such should add earnings per share of about two to three cents net,
helping JAX International Inc. keep on track to earning 20 to 25 cents
by the end of the year.
Verna Howard, sales and marketing specialist stated, ``This acquisition will accelerate every aspect of our business especially in expediting the loan process and ease of paperwork on the company and the prospective buyer along with generating income for the company.''
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Below is the BIG one you see the word PURCHASED that's not a maybe
situation here. This project is approx. TWICE the size of the last project. Also look at the net 2 MILLION. REMEMBER THIS COMPANY ONLY HAS 5.4 MILLION TOTAL SHARES.
July 31, 1997--JAX International Inc. (OTCBB:JAXI) announced the purchase of half-interest in approximately 54 1/4 acres in SandSprings, Okla., an up-and-coming community on the west side of Tulsa.
The land consists of approximately 50 acres of residential and 4 1/4 acres of commercial property.
JAX International Inc. will bring its popular affordable homes to the
development. Market studies indicate a strong need for this type of
single-family homes in this area. Estimated completion date is the
end of 1998 for all 150 affordable single-family homes.
The land purchase is the first step for JAX International Inc. to form
a joint venture with a prominent local developer, who will oversee the complete development of the land. During the development stages, JAX International Inc. will market and sell the homes,using its proven techniques in pre-selling all homes before construction begins. Once the development stages of roads and utilities are far enough along, construction of the homes will begin.
Projected gross will be about $8 million, with projected net of about
$2 million.
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Below is JAX INTERNATIONAL informing shareholders of the speed of
construction on the project. REVENUES ARE MENTIONED WITH PROFITS.
Aug. 7, 1997-- JAX International Inc. (OTC BB:JAXI) reported Thursday it has met its goal of beginning five homes during the month of July.
Anticipated completion on these homes is mid September and since all
the homes were pre-sold, closings should be consummated by the end of
September.
Plans for August are to start 10 pre-sold homes. Some of these homes
should also be completed and closed by the end of September.
With the completion and closing of homes commences the revenues and
profits segment from the Woodview Heights subdivision, which will be
reflected in the third quarter.
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JAX INTERNATIONAL (WEB SITE)
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