Internet stock under $5 Message Board

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Microcap & Penny Stocks : Internet stock under $5

ITEC 0.0001000

0.0%

Mar 6 3:00 PM EST

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To: RLM who wrote (66)	1/29/1999 2:24:00 PM
From: Currency	Read Replies (1) of 85

I did a ton of DD on it months ago and put in on the MADI thread. madisonsystemsinc.com But, as a recap, MADI produces a product called the Centurian. It's a hardware product that hooks up to computers to prevent hackers on the internet. The company had been in production for 1 1/2 years and was able to bring it to market late last year. They landed contracts with MicroWareHouse (NASD:MWHS) and Global (NY:GML) and AGS in Europe to distribute it. In addition, they already have the product in production with the Canadian Federal Government and shared a booth with them at Comdex 2 months ago. Now, MADI is about to announce some really big sales is the rumor. There's only 3M in the float and about 8.5M O/S. The product sells for around $200 and a deal for 25,000 units bags aound $5M. Do the math and assign a P/E and you see that this baby is not going to sit this low for very long.

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