TJOB partner is DIXS. DIXS still undiscovered. This post from ragingbull:
y: steve_in_utah
Reply To: None
Tuesday, 6 Apr 1999 at 12:53 PM EDT
Post # of 17
DIXS PARTNERSHIP WITH IPO "TJOBY". . .
As I mentioned in a previous post, DIXS is partnering with The Corporate Net LTD of the UK to form a new public company doing worldwide business as "topjobs.net inc". DIXS will receive 49% of the US revenues from the new company plus 100% of the US advertising account revenues which will be funneled directly to DIXS's media arm. Obviously, no one yet knows what the new companies' revenues will amount to, but whatever they may turn out to be, the partnership will add much much more to DIXS's bottom line than it has had in the past. Big corporations are being signed up at $35,000-100,000 PER YEAR and are happy with the service because it saves them recruiting time and money. Here is some information about the upcoming IPO of the new TOPJOBS.NET:
-Company CEO: Victor Kaminski
-SEC filing: 3/26/99
-Ticker symbol: TJOBY
-Exchange: NASDAQ
-Price: $10-12
-Company Mission: "Provides worldwide internet recruitment solutions to corporate clients and job seekers"
-Lead Underwriter: Ladenburg Thalmann & Co., Inc. 540 Madison Ave., 7th Floor, New York City, New York 10022 (212) 409-2000
-Other underwriters: Josephthal & Co., Inc and Cruttenden Roth, Inc.
-Shares: 2,750,000 ADS
-Over allotment: 412,500
-Post Offering: 8,712,993
-SIC: 7361
-State of Incorporation: Delaware
Fiscal Yr End: 12/31
Revenue: $1.7 million (9 mos. ended 12/98)
Net Inc: $(5.3)million
My own opinion about this partnership FWIW: When I first heard about DIXS taking on a partner I was disappointed that the company would dilute itself with a competitor. After listening to DIXS management discuss the alternatives, however, I think they have made a wise choice. The British company was coming to the US to do business regardless of whether DIXS joined them or not. They are much bigger than DIXS, have much greater revenues, have a worldwide focus, and have helped to "guide" DIXS to the media/web model that is working much better than DIXS's previous "internet only" way of doing business. This new proven approach that the British have helped DIXS implement is what sets the company apart from Monster Board, Hot Jobs and other internet recruitment "biggies." By joining together in this partnership, DIXS does three really important things for it's shareholders: 1) it gets rid of a larger worldwide competitor that was intent on coming to the US. . .now revenues are shared, not divided; 2) it jumpstarts DIXS in the new media/internet model because the learning curve of the partnership has already been traveled by the British company. . .DIXS joins a company that has already been through the months and years of trial and error perfecting its operations, and; 3) DIXS, as a minority partner, is positioned for a buy-out in the future. DIXS management acknowledges this fact and has already had offers from the other partner. DIXS will not sell until it is advantageous for the shareholders. When might a buy-out happen? Who knows. . .it could be as early as just after the IPO when the new company has cash. DIXS might also be interested in buying out the other partner, depending upon what DIXS management sees as the future of the company and the future of internet recruiting. I DON'T CLAIM TO KNOW ANY MORE ABOUT THIS COMPANY OR IT'S FUTURE THAN ANYONE ELSE, but I am willing to take the risk that DIXS shares will soon become more in demand than they have been in the past. All you investors should know about supply and demand and what that means. . . .Good luck to all DIXSers!
P.S. The IPO is supposed to happen around May 15th. Those of you that have followed internet-related IPOs know the potential market capitalization and share price that is possible right out of the starting blocks. During April, there are several other important internet IPOs coming to market like The Street.Com (TSCM), Flycast Communications (FCST), Net Objects (NETO), Barnes and Noble (BNBN), eToys (ETYS), and so on. . . .the timing is right. |
