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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Ray Tarke who wrote (647)	12/20/1998 7:51:00 PM
From: CHIPNHOLE	Read Replies (2) of 939

Here are some recent accomplishments of "RDIM" The company has signed a letter of intent with America's Home Town Brand Center,Inc., (AHBC), a nationwide provider of wholesale vendor relationships and comprehensive product buying services that currently provides services to a network of about 500 retail establishment. Annual sales exceed $15 million with EBIT of .023% or $350,000. The net effect of the combination is expected to increase revenues to $30 million within 2 years and raise EBIT to .075 or $2,225.000. The company is negotiating to acquire the business of Personal Consumer Services, Inc., (PSC), which operates 2 profitable discount consumer membership clubs. Revenues exceed $4 million with EBIT of 12% or $480,000. Existing assets in the form of accounts receivable approximate $3 million. The effect of the combination will enable the company to launch its consolidation plan within the existing 150 operators of similar clubs nationally. The Company may create a Franchise/ Distributor program to fuel its expansion as an alternative to public financing.

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