Jeff, a few questions on JVWB...
Have you spoken with the company to get a feel for the time frame of their next big step towards REVENUES??
Have you gotten the float numbers from the TA?? As the 10K reads, there is over 800,000 shares in float with over 4,000,000 options which are excercisable at .10,.25, and $1.00.
All in all though, the company looks promising, however, timing is key for the astute investor. We need to get in when it is ready to rocket (1-2 month frame). I don't know if this is going to occur that quickly at this time (maybe 6 months from now).
Key points of interest taken from 10K:
Business Operations
As the Company initiates its business operations in the upcoming first quarter ending 9/30/98, business operations are
developing in the following areas. The first area involves the development of an e-commerce presence through company-owned
Brands. In this regard, the Company is engaged in rolling out two brands under its control. The first brand, as announced on
July 31, 1998, involves the Company's contract to acquire an on-line financial newsletter, Wall Street Whispers. The Company
is presently making a concentrated effort to absorb this publication and is actively and aggressively marketing to increase its
subscriber base.
The second brand, as announced on July 30, 1998, involves the Company's having acquired the on-line rights to distribute the
line of frogletz children's clothes from Chameleon Casuals. This is part of a substantial effort by the Company to roll-out its
"community-to-commerce" web commerce strategy with dadandme.com. The Company expects to make significant progress
over the next fiscal year to establish this brand as a material contributor to its business.
The second operational area, which involves its relationship in two key areas with Heitmann S.A.C, announced on June 30,
1998, is involved in building a fee-for-service division. The Company has just recently, on September 2, 1998, completed
hosting a visit from Heitmann, in which significant business opportunities were discussed. The Company is putting a primary
emphasis on building a fee-for-service division, with Heitmann S.A.C as a key supplier of web creation services to prospective
clients of the Company. The Company is exploiting an opportunity to serve significant customers that are requesting access to
the customized web-related services that are being built for the on-line marketing of the Company's own brands. These services
include web-hosting, web-site development and maintenance, and an array of strategic internet services (SIS) that the
Company has assembled for its own use. The Company believes that this fee-for service division will be a significant contributor
to its business over the next year. For example, a typical customized package of services for a particular client could involve
web-hosting, web development and maintenance, and other SIS resources could involve annual per client revenue of up to
$300,000. The company is presently actively pursuing this type of fee-for-service business, although it cannot provide any
assurances that it will, in fact, acquire any of the projects at this time.
The second key contribution that Heitmann S.A.C is providing in this emerging fee-for-service division, involves the Company's
commitment to building web-hosting capabilities, as an identified core competency of a strategic internet services company. The
Company has been informed by Heitmann that, for various technical and business reasons, Heitmann would like to work
through the Company to provide U.S. based web-hosting services for Heitmann's European client base. Heitmann presently
works through a number of European vendors to provide this service, and finds the rates in Europe to be significantly greater
than can be obtained in the U.S. As a result, as well as through the Company's own independent determination of the need to
expand its capabilities to provide this service, the Company has engaged a consultant to assist in locating a web-hosting service
to align with to provide this service for U.S. and European clients. Heitmann has provided the Company with a 12 month
proforma of projected revenue to be derived from its client base. Although the Company declines to disclose the projection, it
will state that a typical customer is presently paying between $1,000 and $8,000(US) monthly for web-hosting services in
Europe. The Company, and Heitmann, believe such services can be provided by the Company, in the U.S. at a significant less
rate.
As a third operational thrust for the Company, the above operational developments will provide the focus required for the
Company's pursuit of selected acquisitions to build its service capabilities. The Company is actively engaged in discussions with
targeted companies to acquire both "back-end" support in, for example, web-hosting and other technical services, as well as
"front-end" support of brand marketing capabilities with selected advertising and public relations firms.
Also, last PR ( biz.yahoo.com ) says alot without trying to put "fluff" in the investors eyes. Could defintely be a big climber. Just need some more info. on time frame.
Of course, JMHO!! <gimmie some more info.>
CB |
