Some have e-mailed for dd on SCMI.
Here goes - from PR (I spoke to them also and this looks like a classic turnaround story -stock was as high as $18.00)
Looks like a longer hold like ACCY but I think we will be rewarded.
STOCK ALERT
OTC BULLETIN BOARD: SCMI
current price: .43 shares outstanding: 12,096,143 estimated float: 4,194,408
SYSTEMS COMMUNICATIONS, INC. (otcbb: SCMI) is a Florida based corporation engaged in the business of healthcare management. SCMI provides healthcare data management and analysis to Fortune 500 companies through it's wholly owned subsidiary National Solutions Corporation(NSC) by use of advanced software technology and in-depth knowledge of the audit and health care industry. SCMI obtained copyrights to their software developed by the US Government through a Cooperative Research and Development Agreement (CRDA) and data from the Tri-services Statistical Database Project. This system has been highly successful in controlling the rising cost in healthcare services provided by the US government to its CHAMPUS beneficiaries. SCMI is now effectively customizing the technology for use in non-governmental applications to several major self-insured Fortune 500 companies, major public sector groups, and their health insurance providers.
SCMI, in an effort to broaden it's services and revenue potential, is currently engaged in the merger/acquisition of HMG Health Care Auditing, Inc., of Pittsburgh, PA. The merger is expected to increase SCMI's healthcare cost containment services dramatically, combining their own NSC copyrighted software "Continuum"(which helps large self-insured companies reduce the cost of administering their health care benefit plans) with HMG's electronic health claims auditing and prepayment monitoring programs (which electronically reviews all paid healthcare claims to ensure that any potential savings and recoveries are identified and maximized.)
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($MM) 1998E 1999E 2000E 2001E 2002E
Revenues $5.25M $6.2M $7.4M $8.9M $10.7M
Net Income $1.1M $1.5M $1.9M $2.9M $3.9M
EPS Projected $0.10 $0.15 $0.17 $0.24 $0.32
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BUSINESS HIGHLIGHTS
Copyrighted software with dual niche market technology
Merger with HMG Health Care Auditing, Inc. proposed 1st qtr. 1998
$100 Billion dollar market in USA alone in healthcare payment errors
Extensive and comprehensive healthcare database available in 1998
Service to HMO's , PPO's and major health insurance carriers
Stock greatly undervalued with dramatic upside potential!
Unquestionably an upcoming/emerging success story!
Reporting Company
Strong Nationwide Marketing Campaign Beginning January 1998
Existing contracts with major US corporations such as Chrysler, Corp., etc..
For Broker/Investor Information-Contact ICS communications, Inc.
1-800-964-8007 |
