MADISON SYSTEMS (OTC BB:MADI)
Madison Systems Inc., was incorporated for the purpose of manufacturing and marketing its patent pending Network Security Switching Device (the"Centurion") which is designed to prevent unauthorized access to corporate and government internal computer networks, known as intranets, from external sources. The Centurion isdesigned to secure a private computer network where access is gained to a computer on the network byway of a modem andtelephone line.
Pros: Have Canadian government contract for Network Security Switching Device.
Forecasted earnings/revenue(From company web site)
"Forecasted 1998 Revenues: $9,700,000.00 Forecasted 1998 Earnings:$6,200,000.00
Forecasted Earnings per Share: $0.65"
Cons:Heavy competition in network arena,low # of people following stock since Reverse Merger in 1997,Little Promotions.
In addition talked to company two weeks ago and was told that Financials/Audit(Errnst & Young I think) coming out on Aug. 31st Not into military lingo too much but said something about talking to US government in Cororado Springs(Stratigic Norad Command)about sales with their Network Security devise(In addition to current government sales to Canadan Government who helped with R&D) going to Washington(D.C. I think) to talk to government about modifiying devise. Said sales increasing. This has been my largest holding and longest holding(Along with MBHC, over 1/2 year). Please call company to confirm data/info.
Quote from news release:
"Madison Systems, Inc. of Aurora Ontario, announced today the completion of an exclusive distribution and sales agreement over the next three years for 228,000 units of the Network Security Switching Device (the "Centurion") for the Pacific Rim. As part of this agreement, an initial order of 5,000 units has been received, to be delivered in January, 1998. This substantial contract is in addition to sales Madison already has with other clients such as Revenue Canada and the Ministry of National Defense."
Links:
interlog.com
exchange2000.com
P.S. Heard on MADI thread and by another person over e-mail that they are about to announce a US military deal in about two weeks. Take it with a grain of salt until the a news release come out stating it as fact(like Canadian deal).
John |
