CASHCO SUMMARY:
Cashco Management, Inc. (CSHK) is planning to begin sales of three products in August. Based on orders in hand and pending, the company in a press release stated it is confident in projected earnings of $.03 per share for the period ending Dec. 31, 1998. There are 22.4 million shares outstanding.
The first product is a flushable cat litter made from wood by-products to be marketed by August under the name Paws Only. Sales of the litter should begin in early August. One of the plants in Show Low Arizona is producing the litter now and should have the bags soon to begin packaging and shipments. There are three other plants that will come on line as marketing spreads to other parts of the country. The plants are centrally located to their market area to reduce shipping cost. The first shipments will be to Southern California and then the Northwest and then elsewhere as markets are developed.
Next, is a Y2K software program that analyzes computer software and hardware and reports the changes needed to enable them to function after year 2000. An initial order by Zitec International Limited with Cashco for 40,000 units @ $25.50 per unit was announced on June 2, 1998. On Jul 27, 1998, the company announced that distribution of the first 10,000 units of the order had begun. See the release at exchange2000.com. Information on purchase of the Y2K software is found at zitec.com. A free evaluation version can be downloaded at the site. Credit Card orders of the full version can be made at zitec.com. A full version via download from the web site is planned.
The third product is a chat type software program that will provide Enhanced Personal Communications including such features as Real Time Friend/Contact Online Awareness, Real time text chat interface, whiteboard, and Real time file transfer. When completed it will include eight significant features. Sales are planned to begin in August.
CSHK is a BB stock and does not report now. The company states it is actively involved in applying to the SEC to be a reporting company.
More information can be obtained by calling Cashco Management Inc., Alan Laffkas, President, 610-458-9540 or The Pinnacle Group, New York, Mark Cohen, 718-428-7651. Press releases are at exchange2000.com
We are shareholders who have a personal interest in seeing the company succeed. We would like to see substantial share price appreciation consumate with the risk we are taking. Much of the information in this summary was obtained from company press releases and conversations with its representatives so please call them to discern for yourself its accuracy. Also, this is a BB stock which carries much risk as all BB stocks do. Potential investors should do their own due dilligence and make their own decisions. This is a new company just starting to make sales. It seems to have a promising future and if you make an investment now, you are speculating that it will become profitable.
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