Repost from www.stockdepot.com
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Name: Grant Robertson
E-Mail: groberts@stockreviews.com
Date/Time: 4/8/99 8:45 PM
Subject: bridges.com - update from AGM
Body:
Nothing groundbreaking in terms of new information was released at the AGM. However, it was well attended (est. 150 individuals) and well received by investors. The enthusiasm for the company/stock was very evident.
Here is a quick update:
1. Q1 earnings to be released next week
2. examining TSE / NASDAQ listing requirements - motion to change name to bridges.com Inc. approved.
3. Projecting F1999 revenues of about $4.8 million - earnings to double over F1998.
4. expansion into new markets - prisons, libraries, universities, etc.
5. new products for elementary school market and adult career development (career portfolio).
Here is the exciting aspect from an internet stock perspective (where we still have huge upside potential):
Through the elementary school product and existing Career Explorer (CE) product which is geared towards secondary schools, students will establish a portfolio of highly personalized career and education information that will be useful in their adult life.
The use of bridges.com's internet resources will create a sort of "brand loyalty" or useage loyalty - when these students graduate, they will be very accustomed to the bridges.com resources and will continue to use the free adult career portfolio resource. This resource will emerge as a major internet "portal" offering a variety of information ranging from career planning, to news, recreation, and possibly even financial information, etc. (anything of interest). As these individuals build their career portfolios, bridges.com will be able to compile detailed information regarding their personal and career interests and preferences.
This information will be extremely valuable to potential advertisers which are seeking highly targeted mailing lists, etc. This creates a lucrative new advertising revenue stream for the company. Bridges.com is uniquely positioned to capture its portal audience at the elementary school level.
Students could become so accustomed to using the bridges.com portal, that they will use it their whole life (people resist change). Within 2-3 years, bridges.com should capture more than 35% of the North American secondary school market - this means literally milions if "eyeballs" reading bridges.com's site on a frequent basis. With each new generation, bridges.com will recruit millions of more "eyeballs" before competing portals even get a crack at them. Right now, "eyeballs" = market capitalization when it comes to internet stocks.
The more eyeballs, the more advertising dollars that can be generated. Add all of this to the fact that the company is already highly profitable, and we have the ingredients for a higher stock price. Unfortunately, it is difficult to develop reliable target prices, however, I believe it is safe to say that we may have a long way to go yet.
Hope this is not too confusing,
Grant
P.S. Great day today - up 25%
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Thanks Grant
DM |
