Dear Ryan,
I appreciate your continued interest. You have been speaking with me now since the stock was in the $3 and change. Several sophisticated investors, brokers and analysts believe we are still very undervalued. They give us a projected growth rate of 60% which should give us a PE of about 60 times fiscal 1997 earnings. OK, so let's discount that by about 20%. Every one likes a bargain. If ACRT can actually do what is projected on us, many analysts, and their investors who follow them, will certainly pay close attention to us. Each successive quarter should serve as a measuring guide. This quarter should be comparable in EPS to the last quarter ending September 30, 1996. Revenues are expected to be up. But the third and fourth quarter should prove the significant growth that is expected, as our sales force expands and reaps the fruit from their persistance. Also, we are experiencing the "snowball effect" with the TAD Program. One customer uses the TAD Program with some of their customers who use the TAD Program with their customers, who use the TAD Program with their customers, etc...
In the meantime, we meet all the corporate filing requirements for a listing on the National Market System. We expect to get the go ahead any minute. If we are approved, we will make a release to that effect...
If anyone wishes more information on the Company, my direct email is inv@acrt.com. Also, this seems to be a pretty good forum to answer general questions. Feel free to ask...Mitch Menik, Investor Relations |
