Excerpts from the Undervalued Dog Email.....
The company believes
it will revolutionize the game controller category around the world. Planned introduction for Air Jordan is June 15th. The project is on target for a planned release. SCTI has negotiated a worldwide license agreement with Sega Entertainment to supply the company with software racing titles from there hottest selling racing games, convened to the Force Feed Back protocol compatible to its UP-300. Sega will also convert all racing titles to be compatible for the Per4mer race wheel. SCTI will also bundle numerous titles with its UP-300 and other Per4mer race models. SCTI has also entered into a license agreement with Mattel for the use of its Mattel Hot Wheels logo, and the Kyle Petty # 44 NASCAR race identification. Mattel represents one of the strongest worldwide logos for ages 6-16. The company expects a steady increase in revenues due to this alliance. ........
Current U.S. based retail and catalogue customers of the company
include, but are not limited to; Best Buy, Babbages, Data Vision, PC Connections, Egghead Software, Fry's Electronics, The Good Guy's,
Costco Wholesale, Tiger Direct and Micro Warehouse, Inc. SCTI's OEM
customer for CD ROM audio cables is Dell Computer Corporation. ........
The company will have special board and shareholder meetings on April
14, 1998. In the meetings, the company will announce three major
moves. First, the company will initiate a stock buy-back program up
to 5 million shares (22% of outstanding shares, remember they have
some cash to spend); Second, the company will work with several stock
brokerage houses for supporting SCTI when it is relisted on NASDAQ.
Third, the company consider to have a merger with a private company.
With these recent developments, we rate SCTI as a strong buy because
it has very little downside risk while the upside potential could be
huge. Important technical support is in the $0.15 area. SCTIs
shares are in an area of solid support and should be accumulated
sooner rather than later in just in case the stock breaks away to new
highs. ......
Contact:
Investor Relation
SC&T International Inc.,
15695 N. 83rd Way
Scottsdale, AZ 85260
Tel: 602/368-9490
Company Website: platinumsound.com |
