I have been following them for about six months. There has been a report published by Yorkton Securities recommending them as a buy with a share price in the next twelve months of 5.50 to 6.50. I will provide details when time permits. Revenue will grow from 13 M in 96 to 19 M in 97. IFM is planning for a NASDAQ listing in the next twelve months. Some of their customers either directly or indirectly include Royal Bank, Bank of America,Barclay's Bank, Canada Post, UK Post Office, Government of Ontario, Government of Quebec, Bombardier, British Aerospace,Chrysler, Mercedes Benz, Volkswagon, CP Rail Safeway Stores, Quebec Government Agency for Health Care, ARINC (service to Airlines and Travel Agencies). There are many others. They have formed strategic alliances with JetForm, ACI (US appraisal software company), Value IT (subsiduary of Norwest Bank). One of their software products is known as Edikit which piggybacks onto application developers packages to provide for totally transpparent EDI at a fraction of the cost of traditional EDI solutions.
Product line includes Electronic Bill payments, Electronic Tax Filings, Electronic commercial Document interchange, information Dissemination, Electronic Shopping etc
Their Web site is WWW.MPACTImmedia.com
Tel 514-397-9747
Fax 514-398-0764
It would be helpful if someone with expertise in this area can provide an objective appraisal of the potential of the company. |
