CBLK establishing e-commerce internet site.
CBLK is a company I have followed for years, watching it make mistakes in 1996 and then surprise me with excellent growth and profitability.
CBLK to date is basically unknown on SI, yet is a growing, profitable
company, has a float of only around for 1,200,000, trades only
$1+ over book, does approximately $20,000,000+ in sales(98) and is
forecasted to continue to grow significantly in 99.
Yesterday's announcement may bring market awareness to CBLK:
Thursday January 21, 3:34 pm Eastern Time
Company Press Release
SOURCE: Cable Link, Inc.
Cable Link, Inc. Developing Electronic Commerce
COLUMBUS, Ohio, Jan. 21 /PRNewswire/ -- Cable Link, Inc. (OTC BULLETIN
BOARD: CBLK - news) announced, today, it will commence developing an
internet website for the wholesale and retail purchase of C.A.T.V.
equipment (new and used) as well as consumer electronics for
television applications. The product line will include a large number of consumable products readily available from its web site.
In addition, Cable Link's wholly owned subsidiary, Auro Computers, will commence selling computers, computer upgrades, servers, and service tier one brands -- Compaq, IBM, Toshiba, Hewlett Packard printers as well as its own configurations for those brands and its own ''Auro'' brand to businesses and consumers. The new internet commerce will enable current customers to streamline their purchasing while ensuring the most current price available.
Cable Link's customers include Time Warner (TWX), TCI, Jones Intercable (JOIN), and many other large C.A.T.V. companies. On the computer side of the business customers include: Banc One
(ONE), Huntington Banks (HUN), WorldCom (WCOM), Ohio State University
and many more large companies located in the midwest.
It is expected that internet commerce will be operational by the end of the company's first quarter, March 31, 1999.
Cable Link has had three consecutive years of profitable earnings
ending December 31, 1998 and had sales in excess of $20.7 million for
the year ending December 31, 1998 compared to $10.1 million for the year ending December 31, 1997.
It is expected that these new opportunities will result in additional
strategic alliances for the company such as the one for which Cable Link is an authorized new and used product distributor for Scientific
Atlanta (SFA), the world's second largest manufacturer of C.A.T.V.
equipment.
Cable Link is one of the largest suppliers of refurbished equipment to
the C.A.T.V. industry nationwide and internationally, and is a key
provider of computer hardware and services in the state of Ohio.
This press release may include statements which constitute
forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These
statements are subject to risk and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which would cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission Filings.
SOURCE: Cable Link, Inc.
The company's business plan is being followed through and they have just announced they are going e-commerce on the net. The company actually is positioned to do this as they have an infrastructure of trained technicians to service their sales and to assist in customer orders with a trained staff.
The company is profitable and has been for the past several years.
DD should be done, SEC filings are current as they are a fully
reporting bb company.
With the very small float and market cap, this stock could move when more people become aware of its plan, profitability,(pe of 5) and internet e-commerce site. Good one to study over the weekend. Comments on CBLK?
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