Abnormal Volume and Block Trades Message Board

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Gold/Mining/Energy : Abnormal Volume and Block Trades

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To: Essam Hamza who wrote (2156)	9/25/1997 12:08:00 AM
From: Essam Hamza	of 2340

Well SSM hit $4.50 today :) ************************************************************* Globe says partnership agreement signed with CompUSA Sidus Systems Inc SSM Shares issued 6,500,000 Sep 23 close $4.17 Wed 24 Sept 97 In the News The Globe and Mail reports in its Wednesday, September 24, edition that Sidus Systems' stock has moved up from $3 earlier this month on word that the computer maker has a major new deal that may double its revenue, chief operating officer Andrew Nellestyn said. The Globe's Market movers column says he confirmed the speculation telling Dow Jones that the company has executed a partnership agreement under which it will build computers in its Austin facility for US computer retailer CompUSA Inc. Mr Nellestyn says Sidus will become the company's factory and CompUSA will become the marketing, sales and distribution arm of the endeavour to take Dell Computer Corp and company on. CompUSA and Sidus will split profits or losses. ************************************************************* Selection as one of CompUSA's private label manufacturers confirmed Sidus Systems Inc SSM Shares issued 6,500,000 Sep 23 close $4.17 Wed 24 Sept 97 News Release Mr Al Muzar reports Sidus has confirmed speculation that the company has been selected as one of a number of private label manufacturers for CompUSA's recently announced build-to-order computer sales program. Sidus expects to start shipping computers under the program at the end of September or in early October of 1997. While Sidus hopes the program will lead to sales increases in the future, there are no volume commitments on the part of CompUSA under the contract, no current order backlog and no commitment on the part of CompUSA to use Sidus rather than other suppliers. Accordingly, while Sidus has incurred costs in expanding its US facilities in recent periods to support its attempts to grow its US private label business, Sidus is unable to offer any forecast of the impact of this contract on Sidus' sales or profitability at this stage.

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