Monu,
I am a fan of this company. I have watched it for some time, and their efforts are finally paying off, but it seems that few people are aware of it.
There are approximately 8.5 million shares outstanding. Net earnings in the first quarter was around $400,000. I think I am accurate in saying that a year ago, they were still losing money. It has just turned around in the last year.
Phone card dispensers are their major product now. There are something like 15,000 illegal 8-liner slot machines in Texas, and Bings phone card dispenser is a legal answer to it in a state that does not sanction slot machine gambling. The phone card dispenser automatically enters the buyer into a sweepstakes and winners are randomly selected on slot machine type reels. Hard to explain but you might be able to get more info on their web site at bgicorp.com. I have seen the product and it is very impressive.
As the state of Texas clamps down on the illegal operators, which they are doing, demand for Bing's machines is growing faster than they can fill the orders. I have a lot of information on the company and the management. Let me know if I can answer any other questions for you.
John |
