This could be interesting
Friday June 5, 11:33 am Eastern Time
Company Press Release
Transaction Automation Solutions Bring Cashless Society Concept to Reality
HOLLYWOOD, Calif.--(BUSINESS WIRE)--June 5, 1998--Emerging Company Report, the nationally syndicated television program that profiles emerging-growth companies (http://www.emergingcompany.com), features an interview with the people behind Sims Communications Inc. (Nasdaq:SIMS - news).
Sims Communications provides low-cost, turnkey, point-of-sale transaction automation solutions to retailers. Such applications include credit-card processing, ATM card payments and cash-backs, activating prepaid phone cards, even obtaining medical insurance approvals or prepaid cellular-phone service.
''For years, people have been taking about a cashless society,'' explained Chief Executive Officer Mark Bennett. ''With our point-of- sale terminals, merchants are not only able to offer an increased benefit to consumers by being able to process their credit card or ATM plastic, but research at a McDonald's (NYSE:MCD - news) restaurant showed customers will increase actual spending by as much as 53 percent.''
Bennett, along with Vice President of Finance David Markowski, have engineered a Phoenix of a turnaround for the company in the last 210 days. ''We have converted previous company debt to equity status,'' said Markowski.
''We have realigned our vendor relationships and product line. We are now poised, over the next 36 months, to have our terminals in 63,000 storefronts, with gross profits exceeding $40 million and annual net income of $15 million. All of this comes at a time when Sims' stock is trading near its all-time low.''
Other companies discussed this week include:
Internet-based companies like America Online (NYSE:AOL - news) and Excite (Nasdaq:XCIT - news) have been the talk of Wall Street lately. Likewise, Maxnet Inc. (OTC/BB:MXNT - news) and their webphonebook.com Internet directory has company officials enthusiastic about competing with Yahoo! (Nasdaq:YHOO - news).
Steroidogenesis Inhibitors International (OTC/BB:STGI - news) and Gene-Cell Inc. (OTC/BB:GCLL - news) are two companies whose medical breakthroughs and procedures have joined companies like Genentech (NYSE:GNE - news), Entremed (Nasdaq:ENMD - news) and Abbott Labs (NYSE:ABT - news) in making news within the medical and financial communities.
Emerging Company Report is seen Friday evenings at 11 p.m. ET, 8 p.m. PT, and again on Sunday morning at 11:30 a.m. ET, 8:30 a.m. PT on 140 cable TV systems nationwide. The program is also broadcast ''On-Demand'' at its Web site, emergingcompany.com.
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Contact:
Emerging Company Report
805/336-0507
emergingcompany.com
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America Online Inc (NYSE:AOL - news)
Entremed Inc (Nasdaq:ENMD - news)
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