This was in my e-mail. What are you expecting from this stock.
I remember reading they planned to do acquisitions. Is this further down the road? Do you know of any companies they may be in talks with?
Oh I liked the fact that they plan to list on TSE before yearend. Interesting.
Any Info would be appreciateed
0
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We are forwarding for your review, a newspaper feature story on our company
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NewSys Solutions Inc.
ASE:NSS
Shares Outstanding: 12,473,402 (fully diluted)
52 Week High/Low: $1.05/$0.43
Recent Close: $0.90
web site: www.newsys.com
CONSULT AND CONQUER
Investors Eye NewSys Growth
By Susan Taylor, Ottawa Sun
Reprint of Article
Little more than a youngster on the market, NewSys Solutions Inc. is
starting to show signs of maturity. Since launching its IPO on the Alberta
Stock Exchange last February, the hi-tech consulting firm has taken a
low-key, slow-and-steady approach to growth.
Recently, it picked up the pace.
NewSys lured a senior executive from Canada's largest independent
consulting firm, CGI Information Systems and Management Consultants Inc.,
to help score major contracts it could only tackle with partners in the past.
Aiming at Top Drawer
Todd La Fontaine, the firm's new vice-president of strategic business
development, will take aim at top-drawer deals, worth at least $1 million,
that run over several years.
The company has also shuffled its senior ranks, promoting Dan Scharf to
head an expanded sales and marketing division. That will focus the firm's
sales efforts as it moves into new markets.
“It's an evolution of your business,” said NewSys chief executive Mark
Quigg. “To be a big company you have to get bigger and bigger deals.”
Under the reorganization, Quigg has taken on the post of president
replacing Peter Hall.
Quigg's childhood chum Frank Post moves from chief financial officer to
head up the company's hi-tech strategy. That puts Jim Cocks, the former
vice-president of finance, into the CFO slot.
The changes reflect a push to expand NewSys' regional operations and
contracts, Quigg said.
Alongside more predictable revenue streams, major contracts help buoy
company confidence and pique investor interest. Analysts have already
started to prick up their ears.
Rampart Securities Research in Toronto took a second look after spotting a
bargain with a program that compares companies in the same sector.
“It sort of jumped out at me,” said Steve Katmarian, vice-president of
Rampart. “It appeared to be relatively undervalued.”
Rampart has initiated coverage of NewSys, rating the firm a “speculative
buy” with a 12-month share target of $1.60. That's a major spike from its
initial listing price of $0.15 and the $0.83 the stock closed at Friday.
This year, the stock's peak hit $1.05, while its low came in at $0.43.
Fast-growing market
NewSys taps into a rapidly growing market, Katmarian's report points out.
Hi-tech analysts The Gartner Group forecast services spending will grow 14%
annually through 2002, an expansion that will create an American market
worth $274 billion US.
“It's a positive thing,” Quigg said of analyst coverage. “It gets our name
out and investors will want to come and kick the tires.”
Investor newsletter Small-Cap Growth Stocks has also picked up on the
NewSys story, rating it the “speculative pick of the month.”
Key selling points, it reports, are NewSys' specialization in the growing
business intelligence software services market. Investors are warned the
stock is thinly traded and often shows a large spread between the bid and
ask price, with weak liquidity.
“We are attracted by the company's focus and entrepreneurship, the
newsletter says. “What remains to be seen is its ability to compete as a
small company in the competitive IT field, where size is often a necessity”.
Size does count and NewSys plans to play in the big leagues. The firm
plans to move up to the Toronto Stock Exchange this year.
“You want to go to a larger exchange for more profile,” Quigg said. “It's
growing up.”
END OF ARTICLE
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Michael Simon
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web site: www.newsys.com
ph: (416) 203-1800 x232
fax: (416) 203-6811
National Bank Building
150 York St., Suite 1804
Toronto, Ontario
M5H 3S5
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