here is some DD I dug up on this one. very nice company. Seems like a niche player. news was great today:
quote.yahoo.com
AWTE
A Family business established in Denver in 1953
CEO\ Steven Picket
Loves this business has no intentions of selling it
15 Million Shares, of these
12 million owned by Steven Picket
3 million OS\Float
Clients include
Denver International Airport
United State Aair Force Bases
Buckley
Los Alamos
White Sands
Coors
US West
allwestsystems.com
Denver, Colorado
5701 N. Logan Street
Denver, CO 80216
(303) 293-2345 (303) 293-2131 fax
allwest@abwam.com
Key Contacts:
David L. Shaner, President
Jonathan Graham, Executive Vice President/Operations
Robin Gilbert, Chief Financial Officer
Hayward, California
2616 Barrington Court
Hayward, CA 94545
(510) 781-1950
(510) 781-1925 fax
Key Contacts:
Todd Stewart, Operations Manager
Steven Cresta, Systems Sales
Robin Gilbert, Chief Financial Officer
Thursday April 23, 1:50 pm Eastern Time
Allwest Systems CEO to buy add'l stock
DENVER, Colo., April 23 (Reuters) - Allwest Systems Inc.'s chief executive said
Thursday he would buy additional shares of the company's stock.
''Recent fluctuations in our share price present an excellent opportunity to strengthen our
investment in Allwest. Our analysis indicates that at this level, with the company's shares
so undervalued, we are presented with an excellent opportunity and a situation which
would benefit our position in the long term,'' said chief executive Steven Pickett.
Last month, Allwest, which sells security and safety systems, said it expected a $782,461
profit on $14,742,271 in gross revenues for its fiscal year ending March 31, 1999.
A company spokesman was not immediately available to say how much the company
earned in its current fiscal year.
Allwest recently became a publicly traded company through a reverse merger with a
public corporation. It said it plans to acquire similar companies across the United States.
One or two such transactions could double its annual revenues to $30 million in the next
18 to 24 months, it said.
Long-term plans include a focus on growth in international markets.
biz.yahoo.com
Thursday April 23, 12:17 pm Eastern Time
Company Press Release
Allwest Systems CEO to Purchase Additional Shares
Current Low Share Price Seen as Golden Opportunity
DENVER--(BUSINESS WIRE)--April 23, 1998-- Allwest Systems, Inc., (OTC
BB:AWTE - news) reported today that company Chief Executive Officer, Steven D.
Pickett, announced his intention to take advantage of the recent low to purchase shares
of the company's stock.
According to Mr. Pickett, ''Recent fluctuations in our share price present an excellent
opportunity to strengthen our investment in Allwest. Our analysis indicates that at this
level, with the company's shares so undervalued, we are presented with an excellent
opportunity, and a situation which would benefit our position in the long term.''
Allwest recently became a publicly traded company through a reverse merger with a
public corporation. Allwest's profitable history and proven success create a strong
formula when provided with the strength, leverage and financing capabilities available in
equity markets.
Pickett plans to use his business success and public status to acquire similar companies
and grow the company across the U.S., and eventually, internationally. Allwest could
double its annual revenues to $30 million with only one or two acquisitions during the next
18 to 24 months. According to company CEO, Steve Pickett, who has an impressive
history of growing profitable companies, Allwest has already identified its first acquisition
candidate. Details will be announced as soon as a letter of intent is finalized.
Allwest currently serves customers in Colorado and California, and plans to increase its
coverage throughout the United States. Long term plans include a focus on growth in
international markets.
Allwest Systems, Inc., provides integrated life safety systems, including fire, security and
sound systems, to commercial and public facilities such as hospitals, schools, prisons and
military bases. Allwest is uniquely positioned in this industry with an unparalleled
reputation for quality and dependability. Allwest established operations in 1953 and has
since diversified and expanded and now offers a complete array of specialty electronic
systems to commercial and industrial facilities. Allwest has the technical capabilities to
integrate its comprehensive line of specialty electronic products with state of the art
service and maintenance programs. These systems are required by national safety codes
in most high-rise buildings, airports, correctional facilities, hospitals, schools and
universities, hotels, power plants, military institutions and other similar facilities.
From time to time, the company may issue forward-looking statements which involve
risks and uncertainties. This statement may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Actual results could differ and a
forward-looking statement should be considered accordingly.
For further information, contact Lynne Sifford of Select Corporate Information at
305/856-5668.
biz.yahoo.com
Tuesday April 21, 12:43 pm Eastern Time
Company Press Release
Allwest Systems Receives $500,000 to Finance Acquisitions
Management Plans To Increase Customer Base With Strategic Acquisitions
DENVER--(BUSINESS WIRE)--April 21, 1998--Allwest Systems, Inc., (OTC BB:
AWTE - news) announced today that the company has received $500,000 in financing
which will help the company proceed with plans to acquire similar profitable private
operations with established customer bases.
Allwest's profitable history and proven success provide a strong combination of good
business and the leverage of public valuation which will enable the company to initiate a
powerful rollup strategy for future growth. By acquiring new companies and leveraging
these investments with a stock/cash component, management can maintain a high growth
rate and still retain a healthy amount of working capital. Management estimates that
Allwest could double its annual revenues to $30 million with only one or two acquisitions
during the next 18 to 24 months. According to company CEO, Steve Pickett, who has an
impressive history of growing profitable companies, Allwest has already identified its first
acquisition candidate. Details will be announced as soon as a letter of intent is finalized.
Allwest currently serves customers in Colorado and California, and plans to increase its
coverage throughout the United States. Long term plans include a focus on growth in
international markets.
Allwest Systems, Inc., provides integrated life safety systems, including fire, security and
sound systems, to commercial and public facilities such as hospitals, schools, prisons and
military bases. Allwest is uniquely positioned in this industry with an unparalleled
reputation for quality and dependability. Allwest established operations in 1953 and has
since diversified and expanded and now offers a complete array of specialty electronic
systems to commercial and industrial facilities. Allwest has the technical capabilities to
integrate its comprehensive line of specialty electronic products with state of the art
service and maintenance programs. These systems are required by national safety codes
in most high-rise buildings, airports, correctional facilities, hospitals, schools and
universities, hotels, power plants, military institutions and other similar facilities.
From time to time, the company may issue forward-looking statements which involve
risks and uncertainties. This statement may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Actual results could differ and a
forward-looking statement should be considered accordingly.
biz.yahoo.com
Tuesday March 31, 9:15 am Eastern Time
Company Press Release
Allwest Systems Announces $1.2 Million in Sales for March
Company Experiences Record Growth Compared With Same Period Last Year
DENVER--(BUSINESS WIRE)--March 31, 1998-- Allwest Systems, Inc., (OTC
BB:AWTE - news) announced today that for the month of March, the company booked
a record number of new contracts totalling more than $1.2 million. According to
company president, David Shaner, ''We are extremely pleased with the results of our
efforts. Last year, our March bookings accounted for only $95,000 in sales. This year,
the total is comprised of 25 projects, the largest of which, an expansion for the Larimer
County Jail in Fort Collins, Colorado, represents the successful results of our marketing
efforts which are focused on capturing a larger share of the high growth correctional
facilities market. We believe this market segment will account for a significant increase
in our revenues during the next five year period.''
Recently, management released projections for the next fiscal year, showing anticipated
gross revenues of $14,743,271 and earnings of $782,461 for FY ending 3-31-99. These
strong March numbers indicate that the Company should easily achieve its projected
earnings.
Allwest Systems, Inc., provides integrated life safety systems, including fire, security and
sound systems, to commercial and public facilities such as hospitals, schools, prisons and
military bases. Allwest is uniquely positioned in this industry with an unparalleled
reputation for quality and dependability. Allwest established operations in 1953 and has
since diversified and expanded and now offers a complete array of specialty electronic
systems to commercial and industrial facilities mainly in Colorado and Northern
California. Allwest has the technical capabilities to integrate its comprehensive line of
specialty electronic products with state of the art service and maintenance programs.
These systems are required by national safety codes in most high-rise buildings, airports,
correctional facilities, hospitals, schools and universities, hotels, power plants, military
institutions and other similar facilities.
From time to time, the company may issue forward-looking statements which involve
risks and uncertainties. This statement may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Actual results could differ and a
forward-looking statement should be considered accordingly.
biz.yahoo.com
Joe PTG&LI !!! |
