Hello everybody,
Thanks for everyone's contribution. So here I go.....
One stock I follow is Aim-Smart (AIMS) which provides free internet access. The following link will give additional details...
Message 4749071; Current price 6 1/4, I think the float is 1.2MM and total number of outstanding shares is around
30MM; A very promising stock for buy and hold, not for day trade IMO,,, Please read the foot note :
Some details from L.T Lawerence report, biz.yahoo.com.
<<<The Smart Shopper Explorer/Smart Pavilion service links shoppers at home to stores in their local mall and provides unlimited free Internet. Local mall stores
sign up for the service and contribute a monthly fee to the mall's co-op advertising budget. The mall owner matches this contribution and AIM Smart generates
current monthly advertising revenues of approximately $30,000 per month per mall. Store owners submit their advertising contribution for co-op reimbursement from
their suppliers and can leverage their advertising budgets by as many as 15 times. Additional revenue streams include premium advertising packages, e-commerce
and research collection.
AIM Smart has contracts with over 350 malls through Simon DeBartolo Group (NYSE: SPG - news), Rouse Company (NYSE: RSE - news) and Wells Park.
Over 30,000 stores are expected to be online in the next 18 months. Other strategic partners include Microsoft (Nasdaq: MSFT - news), WPP and Research
International, Ascend Communications (Nasdaq: ASND - news) and Klein Technologies. The free Internet service will have approximately 500 points of presence
(POPs) around the US and provide nearly 25 million households the opportunity to sign up.
AIM Smart has 12 malls fully operational with an additional 48 Rouse malls providing the Smart Shopper service by the end of November. An additional 30 Wells
Park malls should be online by the end of December. By March of 1999, AIM Smart expects to have an additional 240 Simon DeBartolo malls online which will
bring the lion share of members to the Smart Shopper system. >>>
Thanks,
DB
PS : (1) I own 2500 shares of this stock as my long since August 98 at an avg. cost of $9/- in my E*Trade account, I might add more if I see any positive signs.
(2) The stock is not moving yet as the company is not making any major announcements like moving from BB to Nasdaq etc..... (3) Francis Gaskins (IPO Guru)
handles IR for this firm, and he always tries his level best to keep investors informed (Please note , his time is very valuable)...
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