SURG..A message from G. Michael Swor, M.D. MBA posted on their web site.
April 28, 1998
Dear Shareholders:
Congratulations to all of our faithful owners, you deserve every bit of our recent successes. After 6 years of keeping our focus on developing our fundamentals, Wall Street and the rest of the financial world are finally noticing us. Through a growing awareness, considerable interest has apparently developed in the potential of our company our products and our management capabilities.
From the very beginning, we planned on careful preparation and testing of our product lines. Using the direct feedback of hospital workers, we developed products and systems that would meet and exceed their needs. Our OASiS Touch-Access Information represents the basis for the entire clinical information system in the healthcare industry. The potential revenues are exceptional, with at least four separate revenue sources.
As far as a yardstick to measure SURG progress by, we can watch for the following: A deal with international distribution (soon), significant corporate financing (2-6 weeks), an alliance with a major surgical products company (4-8 weeks), SEC reporting status (4-8 weeks), a potential secondary offering (6-8 months), and the meeting of our earnings projections (year-end).
For the shareholders, our earnings potential translates to a very attractive return. With a typical price to earnings multiple in this informatics industry of 40 plus, a projected earnings of 20 cents/share translates to $7-8.00 with SURG's outstanding shares. Even with all the potential, the huge growth in the stock value is surprising. Personally, I'd like to see it relax a little and settle into a nice 40% annual growth rate for a while. Our plan remains to build the company value during the opportunity phase and then be bought-out by one of the major players. Keep in mind that the typical buyout price is 40% above the current trading price/ market cap (which usually gets boosted on buyout rumors anyway).
We are sticking with the fundamentals on which I started the company.let the "nervous-nellies" sell just as we get started and let the traders trade. We, the people at SURG, are building company value and we have a great opportunity to make a REAL return. We are completely dedicated to doing that and people who have supported us for 6 years and who know us, also realize that. Six million shares of SURG have an original basis of 3 cents giving something like a 1700% annual return. Funny thing is, there is barely any selling. Of course, remember that typical price/earnings figure and it becomes obvious why SURG is for the long run.just look at our projections for the next 2 or 3 years!
We are finally getting the recognition we deserve and I look forward to the day of handing out big fat checks to all the believers and strong of heart!
Respectfully Yours,
G. Michael Swor, M.D. MBA
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