Hi folks, I guess I'll put in my 2 pennies worth...
I just received this e-mail about OTC: BB UPCA on the 18th. This looks very interesting. Any input on this would be appreciated. I haven't invested yet, but I'm looking at it. I have one more company, but I'll put that in my next post. Thanks everyone! :>) Here's the e-mail:
Superstockpick Newsletter
March 18, 1999 Volume II, Issue 15
Email : info@superstockpick.com
URL : superstockpick.com
To Superstockpick Members:
Uniprime Acceptance Corporation (OTC BB: UPCA)
We fell in love with the management team of this company back in July of 1998. This company is managed by a team of experts that have been in the car dealership consulting service for 30 years, and have successfully put programs into over 400 car dealerships.
They formed a public company, and put a plan in place to acquire a
minimum of three car dealerships by the end of 1998. They acquired none due to the length of time it has taken them to put the financing in
place to fund the acquisitions.
In the last two weeks, things have changed. They have recently put our two press releases that are very significant. The first, which we will reprint for you at the end of this edition, covers the two dealerships
they will own in the next two weeks. You will note from the press
release that once the acquisitions are finalized the Company anticipates generating $45 million in annual revenues and significant profits.
The second and even more significant press release concerns a stock buy back program the Board of Directors has approved. This week the company announced the their Board has approved a one million share buy back program because they feel their stock is so undervalued.
We originally released the profile with the stock at about $.75. It
went to $1.50, and today closed at $.375. If this sounds like a
situation you want to own, please use a limit order when you purchase. This stock is so thinly traded it could run up too quickly.
From here we recommend that you do two things. Read the original
profile which can be found by clicking here. Second, read the press
release below. In our opinion, this is an excellent turn around
situation. Always remember, it's your money.
Monday March 15, 8:03 am Eastern Time
Company Press Release
Uniprime Capital Acceptance, Inc. Announces Major Expansion
LAS VEGAS--(AutomotiveWire)--March 15, 1999--Uniprime Capital Acceptance, Inc.
(OTC BB: UPCA - news) announced that the company has scheduled the closings on two auto dealership acquisitions. Uniprime anticipates a $45 million annual revenue stream subsequent to the closing of these two acquisitions, and net profits in the 7% range.
On or before March 22nd, Uniprime anticipates closing the purchase of the Greenville Auto Mall, in Greenville, Mississippi. Uniprime anticipates that once this dealership is acquired, and their ''OK DEAL'' formula is implemented, the Greenville Auto Mall will generate over $25 million in annual revenues.
A Letter of Intent for the second dealership acquisition has a scheduled closing date of April 15th. Located in Fort Pierce, Florida, this dealership carries the Mitsubishi auto line. Once the ''OK DEAL'' is implemented, Uniprime feels that this dealership could easily achieve revenues of $20 million annually, and 6% net profits. It is anticipated that about 60% of revenues will be generated by
used car sales.
Uniprime's proven ''OK Deal'' selling system has been implemented in over three hundred dealerships internationally over the past 30 years. Until recently, the ''OK Deal'' method has been implemented for client dealerships on a consulting basis by the current management of Uniprime. Uniprime now intends to apply this method to dealerships it will acquire for its own benefit, and the benefit of its shareholders.
Currently, Uniprime Capital has numerous other Auto Dealership acquisition candidates in various stages of negotiation.
Uniprime Capital Acceptance, Inc. is embarking upon an aggressive dealership acquisition program and is looking to acquire a minimum of fifty (50) retail automotive dealerships between now and the end of the year 2001, which it believes will place it among the top ten mega-dealership groups in the country in overall unit sales.
The Company intends that such statements regarding the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the ''safe harbors'' provision of the Private Securities Litigation Reform Act of 1995
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Contact:
Uniprime Capital Acceptance, Las Vegas
Paul Maassen, 888/892-2002
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