Does it get any funnier then this? What a pig
The Superstockpick.com Newsletter
July 1998 Profile Update
Uniprime Capital Acceptance Corporation
OTC BB: UPCA
March 18, 1999 Volume II, Issue 15
Well, we finally got our members a true Superstockpick this year. For those of you who haven't been watching, our parent company, 1st Net Technologies (OTC BB: FNTT) hit a high of $10.50 and closed at $7.81. The stock traded 566,200 shares today alone. We suspect that the release of the beta test version of our first affinity browser, the Crayon Crawler, sparked some of the activity.
On March 5th we released our profile on 1st Net to our members. That day, 1st Net closed at $3. We know a number of our members invested in the stock, because we have received a lot of inquiries about a target price for the stock. At any rate, if you had acted on March 5th, in just two weeks you would be up either 160%, or 266%, depending on how you do the math. You choose. If you missed reading the profile on 1st Net, click here if you wish to read it now.
Investors that have a short term outlook on investing might consider locking in profits on half your position now. However, if the stock drops, it might provide a good entry level for those that missed out. We have very ambitious plans to make 1st Net a highly successful Internet Solutions provider.
If you wish to download the beta test version of the Crayon Crawler, click here. It only works if you set your screen resolution at 1024x768. We will have a plug in to fix that problem shortly.
Earlier this week we mentioned that two of the companies we featured in 1998 were experiencing excellent turnarounds. We covered the first earlier this week in the issue on LaForza Automobiles (OTC BB: LFZA). We will cover the second one now.
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
Contact:
Uniprime Capital Acceptance, Las Vegas
Paul Maassen, 888/892-2002
Links to Downloads
1st Net and InterVu Audience Manager Software
InterVu EyeQ Multimedia Manager
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The Superstockpick.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. All statements and expressions are the sole opinions of the editors and are subject to change without notice. This profile is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, may own stock in and have other financial dealings with the companies who appear in the publication. SSP Management Corp. has received no compensation for the dissemination of this profile, to date. It is possible that the company may receive some form of compensation in the future although none has been agreed upon. However, 1st Net Technologies, the parent company of SSP Managment, currently holds an option to purchase two hundred thousand common shares at ten cents per share for Internet marketing and web development services it has rendered to Uniprime Acceptance Corp The Superstockpick.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN THE SECURITIES MENTIONED HEREIN IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF SSP MANAGEMENT, INC.
We encourage our readers to use caution when investing and educate themselves at the web sites of the Securities and Exchange Commission ("SEC") at sec.gov and/or the National Association of Securities Dealers ("NASD") at nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at sec.gov. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.
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