OSFT - Great post by Skane on Tatraders thread:
ObjectSoft Fundamentals
What does the company do?
If you ever find yourself renewing your driver's license
or paying a parking fine through a computerized kiosk,
you may have ObjectSoft to thank. The firm offers interactive
services via the Internet and public kiosks. Sales come
from kiosk sale or (on ObjectSoft-owned units) advertising
sales. The City of New York (84% of sales) has ObjectSoft
kiosks that provide access to certain city records, as well
as birth certificates or other documents for a fee,
while SmartSign kiosks provide information about city
events and places of interest. ObjectSoft's FastTake
units allow video store customers to search for titles.
*Chairman David Sarna and president George Febish
together own about one-third of the company.
*ObjectSoft one-year sales: $500,000.0.
Difference from the average for the Business Software & Services group:
-99.88%
ObjectSoft one-year income: $-2.5 Mil
Sales & Income (past 12 months)
Company
Industry
Sales
$500,000.0
$418.7 Mil
Income
$-2.5 Mil
$12.9 Mil
*Where is the stock's support and resistance?
Stocks that sink below support are in danger of further
weakening; stocks that rise above resistance have a shot at new highs.
ObjectSoft current price: $3.13
Overhead resistance for ObjectSoft: $3.50 (52-week high)
First support for ObjectSoft: $1.73 (200-day moving average)
Second support for ObjectSoft: $0.89 (50-day moving average)
**LATEST NEWS RELEASE
12/03/98
PRN
ObjectSoft Expands FastTake Video Kiosk into International
Markets by Exclu...
More News...
How Do I...
ObjectSoft Expands FastTake Video Kiosk into International
Markets by
Exclusive Distribution Agreement with Diamond Cove Entertainment
Canadian Based Company to Act as Sales Agent for Retail Kiosk that
uses Internet Based E-commerce Technologies
December 3, 1998 06:00 AM
HACKENSACK, N.J., Dec. 3 /PRNewswire/ --
After strong interest nationwide
since the FastTake(TM)'s introduction two months ago, ObjectSoft's OSFT
Chairman David E. Y. Sarna announced the appointment of its first international
distributor, Diamond Cove Entertainment Inc. of Canada.
Major retailers, advertisers, and video distributors will be invited to the
FastTake(TM) Canadian introduction in January in Toronto and in Calgary and Vancouver in February "We are extremely excited about
the opportunity to represent FastTake(TM) in Canada. We believe
that FastTake represents a significant development for the
future of consumer services in entertainment
and retail locations," said Diamond
Cove President Tony Williams. "FastTake has the potential to be in every video
entertainment venue and virtually every video store in Canada,"
said Mr.Williams.
According to the Video Software Dealers Association (VSDA),
there are about 65,000 video outlets in the US and 7,000 in Canada.
Mr. Williams is a veteran of the industry, having introduced
Canada to the concept of buying prerecorded movies in his
family's electronics store in 1980.
"At that time," says Williams, "the VCR penetration level
was zero." After joining Video 1, Canada's largest video
distributor, he moved on to work independently
in the entertainment field acquiring family-oriented
film rights and product.
Mr. Sarna commented, "We selected Diamond Cove as our distributor because we believe Mr. Williams' depth of industry experience and strong contacts will lead to a speedy and broad introduction of FastTake kiosks in the Canadian marketplace."
Without any advertising push, distributor inquiries have also
come from Europe, Scandinavia, and South Africa. Interest is
being driven by several factors including the unique appearance
and features of the FastTake kiosk. Unlike a other industry solution, the FastTake video kiosk draws comprehensive
information from a database with thousands of titles and simultaneously presents a sequence of video jacket art,
still shots from films and corresponding trailers.
All ObjectSoft kiosks are built ready for display of multiple languages on a single interface. Since its interactive kiosks
are database driven, users can easily switch between different language versions of any type of available information once translated. Its SmartSign(TM) kiosks offer New York City
government service information in both English and Spanish.
About ObjectSoft
Founded in 1990, ObjectSoft Corporation provides information and services through public access kiosks. The Company's products, FastTake and SmartSign kiosks enable organizations to interact
with the general public in density pedestrian traffic areas. ObjectSoft is a publicly held company listed on
Nasdaq. For more information on ObjectSoft, visit their website at
objectsoftcorp.com.
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