Heard from Mark Blundell, Ceo New Paradigm Software
In summary:
- On the issue of next earnings release, they are scheduled for June, but may issue an earlier update. They are maintaining and potentially adding to last quarters profitability.
- Mark believes the stock is considerably undervalued, thinks it should be dollars and not cents, based on current profitability alone. He acknowledges that they have not given a lot of emphasis to PR, but have been focused on growing the business. I offered to be minimally an SI carrier of any PR related messages.
- They have landed several new accounts, Long Bay Beach and Stewart Airport, to name a couple. Others are sensitive(one was a website for a large company, which may be announced down the road).
- Their strategy of small agency acquisition, combined with targeting its customers, for "new media marketing projects" is successful, and they plan on building on this. He is in acquisition talks currently, party unnamed(a Connecticut Agency).
- They have an updated website scheduled for this week.
General comments.
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I asked him to consider a stepped up PR. They would like to limit this to significant milestones.
As the stock is "undervalued" they are in negotiations using future stock appreciation as capitol, with deals structured in a way that would give performance incentives to the acquired company. I like this.
We agreed to keep in touch, periodically.
jw |
