Here is the first sign of brokerage coverage;
FutureTrak International, Inc. December 17, 1997
Symbol: FTRK OTC Bulletin Board
FutureTrak specializes in DBS, digital broadcast satellite
communications. The company is presently concentrating its sales
efforts on the marine and mobile satellite television and
communications markets. The company has recently been
approved for NASD Bulletin Board Listing and is published in
the Standard and Poor's Corporate Records Manual, following a
$1,000,000 dollar capital financing completed in September 1997
for one million shares of common stock.
FutureTrak produces and markets a state-of-the-art
comprehensive satellite tracking system. The system is composed
of two interchangeable, compatible products; the Space Scanner
TM and Micro Planar TM Antenna.
1. The Space Scanner is German engineered for speed and
dependability and its ACU, antenna control unit, is capable of
being programmed for multiple satellites, up to 36, with the
ability to track from one to another within seconds. This automatic
tracking system is expected to establish the industry standard in
size, weight, mobility, durability, flexibility and price.
Projected sales of the Space Scanner are at a rate of 750 units per
month in the first quarter of 1998, ramping up to 3,000 units per
month toward the end of the year. Sales of the Space Scanner
tracking system are expected to be between $2.5 million and $3.0
million for the first quarter. Annual sales should be in excess of
$20 million with a year end run rate of approximately $40 million
dollars.
2. The Micro Planar antenna is a new flat, revolutionary antenna,
which FutureTrak believes, will ultimately replace the traditional
parabolic "Dish", the industry standard for the past 25 years.
The Micro Planar flat array antenna is currently undergoing final
modifications for certification testing. The company is in
negotiations for a manufacturing and distribution agreement with
two Fortune 100 companies, which should be finalized during the
first quarter. FutureTrak currently envisions antenna sales that
could easily exceed 1 million units during 1998.
FutureTrak has been producing and selling the Space Scanner
product since October 1997. Their initial targeted geographic
territory is North America soon to be followed in South America
by the second quarter of 1998. Their distribution channel
currently consists of several established satellite and marine
product distributors. FutureTrak envisions broad and expansive
growth during calendar year 1998.
Certain statements in this release and the company's financial
projections that are not historical fact constitute "forward-looking
information." Such forward-looking information involves known
and unknown risks, uncertainties and other factors which may
cause the actual results of the Company to be materially different
from results expressed or implied by such forward-looking
information. Such risks, uncertainties and other factors include,
but are not limited to: customer demand not meeting expectations;
lack of consistent supply of materials; lack of adequate
distribution markets; and inability to meet customer demand. |
