Perhaps I can shed some light on this company.
BIAN was a shell company, created for the purpose of having someone merge into them to obtain a market listing in lieu of performing a more expensive IPO. Several companies such as BIAN exist on the bulletin board.
Universal Alliance is the company that is "reverse-merging" into BIAN. Universal Alliance is made up of two companies, Remind America and Global Interlink Systems, both based out of Oceanside, CA.
Remind America was formed in 1993 (incorporated in 1995) and focuses on loyalty building and relationship marketing, primarily through the use of personalized gifts (e.g. a bottle of wine "Especially Bottled for Daniel Miller from the Private Reserve of Gator"). Their products and services include product development, custom packaging, fulfillment services, graphic design, contract packaging, fund-raisers, corporate training, market development, and specialty printing. Their clients include Taylor Made (buy a set of clubs and you'll find out), Home Depot, the Angels and the Lakers, Baywatch, Viacom, and a host of hospitals, mortgage banks, etc.
Global Interlink was established to drive the sale of Remind America products. Global Interlink has designed and developed breakthrough technologies necessary to expand its network for electronic commerce. They have developed a turn-key, platform independent system which will work on a desktop, an interactive multimedia kiosk (which they have developed), or on the internet. Their interactive kiosks can be used in major retail locations (e.g. malls, airports) for corporate training, information gathering, advertising, retail marketing, entertainment, distance learning, test marketing, infomercials, ticketing, coupons, directory services, etc.
Al Fusco, CEO of The Syndicated Group (a NY investment firm) said "We look at a lot of business plans, most of which don't impress me. This one got me on a plane to San Diego. The company has an exceptional service, a very real strategy for implementation and a unique grasp of the technologies that are required."
Extremely conservative revenue projections have the company achieving revenues of $8.8 million this year ('99), followed by $31.7 million next year, then $66.7 mil, $99.9 mil, and $141.4 million through year five.
The company is expected to have several major news announcements in January and February as they begin making their story known. Included in these announcements should be some very key strategic alliances which will make the previously stated revenue projections seem paltry.
Roughly 3 million shares outstanding, mostly insider-owned. Very few shares available in float.
Gator |
