Joe Copia, ALERT: VERY IMPORTANT UPDATE on SFLK...
On 2nd February, SFLK announced that it would, the following day, release a substantial upward revision of its projected earnings for 1999. Today, as nothing had been published, I called Chris Edward at SFLK Investor Relations Department to find out what happened. He was very helpful and forthcoming within the bounds of what he is allowed to disclose. This is the gist of the conversation, as I understood it:
1) SFLK has found an important and somewhat unexpected new market for its E-Mail enhancement technology that will contribute substantially to its profits this year (SFLK is one of the few Internet related profitable Company). Apparently, the compression technology they use on their E-Mail software is so powerful, that is has a market of its own for many other applications, hence the recent deal with NIC Ltd of Japan. rt.freerealtime.com
2) The expected News, which are obviously very good News were ready for publication, on time yesterday. However, since they are not about some new product or alliance, but rather about increased earning projections, the release has to be vetted by the SEC, hence the delay.
3) SFLK did not want to upset the SEC in any shape or form, because it is about to become reporting and is applying for listing on the NASDAQ Small Caps.
It all make sense now and these good News will soon be forthcoming, at the SEC's pleasure. I am generally impressed with this Company and its public relations skills. In my humble opinion, we can expect a substantial run up in the price of its shares, following the News release. Chris Edward can be contacted for further information at:415-387 3618.
Regards, F. Goelo + + +
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