KAHI
Nice time to accumulate. They own 23% of a company that will be IPO'ing
in a few weeks at 6.00.
Kaire Holdings Inc. Overview
(Updated 08/18/1998)
Ticker Symbol: KAHI (OTC:Bulletin Board)
(Formerly Interactive Medical Technologies Ltd, OTC:NONI)
Founded: 1986
Company Information:
Kaire Holdings Inc.
2139 Pontius Avenue
Los Angeles, CA 90025
U.S.A.
IR Contact: Bruce Barren
Tel: (310) 312-9652
Fax: (310) 473-5442
President: Peter Benz
Tel: (310) 312-9652
Tel: (415) 340-1074
Chairman and CEO: Steven Westlund
JD, CPA, CFO, Corporate Secretary & Director: Owen Naccarato (310)
312-9652
Transfer Agent : Jersey Transfer at (973) 239-2712
Email Address: imt@imt-ltd.com
Website: imt-ltd.com
Sec Filings: sec.gov
Yahoo Quote: quote.yahoo.com
Chart: chart4.bigcharts.com.
Recent News Releases:
imt-ltd.com
imt-ltd.com
imt-ltd.com
Other Information:
imt-ltd.com
imt-ltd.com
Silicon Investor Thread:
Subject 20168
StockWiz Email:
Message 5493222
Shareholder and Financial Information:
Shares outstanding: 11,400,000 (approx)*
Shares restricted: 2,600,000 (approx.)*
Float: 8,800,000 (approx.)*
* These numbers reflect approximately 800,000 shares that are expected
to be issued as part of a dept conversion that is expected to be
completed in August.
Reverse Split: 75-1 (02/19/1998)
10K for 1997 is expected to be completed by the first part of September.
First and second quarter 10Q for 1998 will follow shortly thereafter.
Description:
Originally formed in 1986, as a biomedical company engaged in the study
and development of regional blood flow products, today Interactive
Medical Technologies, Ltd., ("IMT") is a diversified group of companies
that collectively provide a range of products and services from
non-radioactive medical contrast imaging media with laboratory services
to medical researchers studying the effects of pharmaceutical drugs in
human blood flow, to food supplements, anti-oxidants, vitamins, weight
management and personal care products to the receptive growing world
wide baby boomer market.
Based in Los Angeles, the IMT laboratory group manufactures and
distributes non-radioactive contrast imaging media and provides related
quantitative laboratory analysis developed from IMT patented
technologies to leading pharmaceutical companies, academic centers,
hospitals as well as private and government funded research facilities
engaged in human blood flow studies.
At the foundation of the IMT consumer group is the recently acquired
subsidiary, KAIRE International, Inc. Founded in 1992, based in
Longmont, Colorado, KAIRE has grown to become a leading direct sales
company marketing a unique diversified mix of food supplements,
anti-oxidants, vitamins, weight management and personal care products
through its growing force of 85,000 core distributors throughout North
America, Australia, New Zealand, Trinidad, Korea and the United Kingdom.
KAHI owns 1.2 million shares of Kaire International, Inc.
380 Lashley St.
Longmont, CO 80501
Phone: 303-682-0110
Fax: 303-682-9094
Web Site: kaireint.com
Kaire International is planning an IPO which will yield $3.6 - $7.2
million for KAHI. These funds will be used to pay debts and to complete
the Potomac acquisition (which is currently being worked on), or
possibly another acquisition. The IPO is expected to be completed within
a month.
IPO Information
Filing date: February 11, 1998
Expected IPO date: TBA
Exchange: Nasdaq (SC)
Proposed offer price: $6.00
Shares offered (mil.): 1.0
Post-offering shares(mil.): 5.418
Offering amount (mil.): $6.0
Underwriters: May Davis Group, Inc.
Kaire International develops and distributes health care supplements and
personal care products through its network of independent
representatives in Australia, Canada, New Zealand, and the US. Its line
of about 50 products include its best-seller, the Maritime Prime
antioxidant, and others designed for weight loss, antiaging, and stress
reduction. Kaire buys its products from manufacturers and sells them to
its 60,000 active salespeople, who, in addition to their retail profits,
get commissions for recruiting new sellers.
Key People
CEO: Robert L. Richards
CFO: J. T. Whitworth
KAHI is in the process of acquiring Potomak Beauty and Health Care
Potomak Beauty and Health Care Co., LTd has existing sales licences in
China, Thailand, Philippines, Taiwan, and Malaysia. The principles of
Potomak have visited Kaire and selected two Kaire products to introduce
to the Chinese market. Potomak has in excess of 300,000 distributors in
Mainland China. Chinese import licences for the two products have been
applied for. The products in question are natural and expected to be
approved without difficulty. Chinese import licences usually take 6-12
months to be granted.
Potomak Snapshot: Potomak is one of 40 direct sales companies licensed
by the Mainland Chinese government. They have 700 employees and licenses
to operate in 30 different cities. FY97 sales: 8.3 million. Potomak has
a 9,000 square meter factory in the Nanjing Jiangpu Industrial Zone.
ISO9000 approval expected May 1998. The factory has the capacity to
produce 500 tons of household chemicals and cosmetics, 50 tons of health
foods, and 20,000 sets of shape forming underwear. Potomak is vertically
integrated in that they both produce and directly distribute product.
Industry Description:
Network marketing is a $20 billion industry. Industry growth has been
20-30% annually. Nutritional supplements generate $13 billion of this
total.
Industry average PE is 15-30. This is usually 1.2-2.8 annual revenue.
Similar companies: NATR,USNA,HERB,AMRI,AAP,ASX,AMW
What makes KAHI a good buy:
1. Closing the Potomak acquisition will add to future revenue and EPS.
2. Completion of the Kaire International IPO will generate $3.6 to $7.2
million.
3. Completion of the audited financials will lend more credibility for
financing and future acquisitions.
4. A very small float for a 3 cent stock.
5. Currently sitting just above its 52 week low.
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