GLOW "GENERAL OVERVIEW INFORMATON"
(This information has been compiled by me, an independent investor, and is presented to be as accurate as possible according to what information I have been able to obtain from public and private sources. This should NOT be assumed exact, but is presented as a starting point for research purposes.)
Ticker Symbol: GLOW (OTC:BB)
COMPANY:
Global Games Corporation (OTC:BB GLOW)
400 S. 4th Street, Ste 720 Main
Minneapolis, MN 55415
Telephone: (612) 672-0834
CEO & PRES: Gary Borglund
CFO: Barry W. Phillips
E-MAIL: (CEO) borglund@redoakmgmt.com
AUDITING FIRM:
Feldman Radin & Co.
805 Third Avenue, Level 21
New York, New York 10022
212-593-3100
Fax 212-355-3631
TRANSFER AGENT:
Liberty Transfer
191 New York Avenue Drive
Huntington, New York 11743
SEC STATUS:
Currently filing to be a fully reporting company with the SEC for the 2Q of 1998.
TOTAL SHARES AUTHORIZED: 100 million
TOTAL SHARES OUTSTANDING: 57,458,813
RESTRICTED SHARES: Apx 11 million
INSIDER HOLDINGS: Apx 7 million
SHARES IN THE FLOAT: Apx 46 million NOTE! This float is expected to be reduced by about 16 million shares that the company is currently retrieving. These shares were deposited into a broker's account but were never paid for. The shares are still in that account. When they are retrieved, the float is expected to drop to about 30 million.
OTHER QUESTIONS:
Do you have any Reg S out?... Answer: No
Are there any 504s still out?... Answer No
LIST OF RECENT PRESS RELEASES: (scroll down past the quote)
quote.yahoo.com
GENERAL BUSINESS INFO:
GLOW's core marketing strategy is to develop recurring revenue streams based on targeting niche markets where the company's expertise can be leveraged.
GLOW provides commercial Internet services, third party credit card processing, and Internet entertainment with bingo and lotto games. Several acquisitions have enabled GLOW to expand its Internet services and revenue sources.
GLOW recently acquired 100% of ECS (Electronic Card Services, Inc.).
ECS sells electronic cash cards accepted by major retailers and prepaid phone cards.
Electronic cash cards will soon include access for prepaid cellular usage, chat lines, Internet access for travelers, and include applications that will function much the same way as a bank debit card.
Initially, their market was Toronto, Canada. But ECS is now expanding throughout Canada and will enter US markets later in 1998.
ECS is growing rapidly.
Sales for 3Q 1997 were $450,000 and for the 4Q, sales were $750,000.
ECS estimates 1998 revenues of $14 million
and a pre-tax profit of $7 Million.
GLOW also recently acquired 100% of Wolf Key.
Wolf Key is a company with commercial Internet and credit card processing capabilities.
Current clients include Fortune 1000 companies.
Wolf Key has several contracts with various governments and is doing electronic processing for lottery corporations.
Wolf Key is implementing an electronic retail village on a city-by-city basis to provide consumers ready access to acquire products and services locally through the Internet.
Wolf Key also has developed and is marketing leading-edge, Internet-based software for processing financial transactions through the Internet.
Wolf Key operates the first Internet Commercial Village providing full credit card processing services.
Wolf Key estimates 1998 revenues from sales and the Internet commerce transactions to be $18 million with much greater volume possible from additional credit card processing contracts.
GLOW's initial business of bingo and lotto wagering on the Internet outside the U.S. will be able to expand much more aggressively with the credit card processing provided by Wolf Key.
Accordingly, total revenue should be around $70 Million for 1998 with pre-tax profits of about $20 Million.
EARNINGS:
GLOW is projecting over $0.50 per share in earnings for 1998.
GENERAL INDUSTRY INFORMATION:
Electronic cash card sales in 1997 were just over $2 billion in prepaid phone card usage alone, and annual volume of over $4.3 billion is expected by the year 2001.
An independent U.S. research firm estimates that the total Internet electronic commerce market will surpass $150 billion by the year 2000.
TODAY'S QUOTE:
quote.yahoo.com
or try this site
cbs.marketwatch.com
CHART:
tscn.com
PLEASE NOTE:
I am NOT associated with GLOW in any way. I am an individual investor with my own opinions. I don't give advice. Questions should be
directed to the appropriate source, many of which are listed above.
Everyone is urged to do their own research before investing in anything.
Best wishes,
Brad |
