From Financial Intelligence on CLMI today...
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Speaking of the high tech sector, a number of issues are once again becoming quite attractively priced to the point of being cheap in some areas. One issue that was today brought to my attention by an astute investment group is a newly formed entity that has been consummated by the merging with what appears to be a highly prestigious Internet company that has a client list of Internet heavyweights that look more like the creme de la creme of the Nasdaq and tech sector.
Commercial Labor Management Inc (CLMI) Announces Merger with Zeros & Ones Inc.
On the face of it, this company looks like it has not yet been picked up by the Wall St powerhouses and momentum players and may represent a significant value standout in a sea of non-descript enterprises. It also comes with an upmarket Website exposure catering to the elite businessman's tastes to Ecommerce at fineitems.com
According to some posts on the Internet, this is a very tightly held vehicle and the float is reportedly very small. In addition there are rumours of a heavy short position in this.
Commercial Labor Management Inc. Announces a Merger With Zeros & Ones
LOS ANGELES--(BUSINESS WIRE)--May 4, 1999--Commercial Labor Management Inc. ("CLMI") Tuesday announced that it has entered into a plan and agreement of reorganization with Zeros & Ones Inc. ("ZOI or the Company") on May 3, 1999.
Founded in 1994, Zeros & Ones is engaged in the business of providing technical consulting services to major technology developers in the areas of the Internet, digital television and electronic commerce. It has become one of the nation's leading Internet development partners.
The Company also specializes in creating quality Web sites, providing direct-to-consumer retailing solutions, and formulating core technologies that other software and hardware developers can integrate into their own products.
Zeros & Ones maintains top-tier affiliations with the most prominent and influential companies in the Internet industry. The Company maintains current affiliations with Netscape Communications, Inc. (Nasdaq:NSCP/AOL), Microsoft Inc. (Nasdaq:MSFT), Javasoft/Sun Microsystems Inc. (Nasdaq:SUNW), Open Market Inc. (Nasdaq:OMKT), WebTV Networks Inc., Macromedia Corp., and NeXT Software Inc.
Zeros & Ones has several wholly owned subsidiaries. One subsidiary, FineItems.COM (http://www.fineitems.com), an online executive gift site, played a key role in the introduction of Amazon.com's (Nasdaq:AMZN) new online auction market place -- Amazon.com Auctions (News Release 4/6/99, Internet News Bureau).
Commercial Labor Management Inc., President and Chief Executive Officer Edward L. Torres stated: "Zeros & Ones displays a meaningful and successful future for CLMI. .
"Zeros & Ones Inc. has successfully created the most significant unified brain trust of technology experts ever assembled."
"If your customers are the most leading-edge companies in the world, you've got to become a trail-blazer, establishing strategic pathways that solve real world problems for your clients even before those problems are in front of them," stated Robert Holtz, CEO and chairman of Zeros & Ones.
"Fortunately, we have a track record of successfully providing expertise and the technologies people want when they want it . . . time and time again."
More information on Zeros & Ones can be found at website zerosones.com.
For the complete news story courtesy of Financial Intranet. Go to: fntn.com
CLMI News Link: 205.185.55.112
Our other featured 'trail blazers', for the most parted acted well today and look poised and ready for a imminent breakouts. We will update in more depth on these tomorrow
Small Caps and Micro Caps continue to act well and in the words of one well known and highly respected commentator on TV, this sector may be the next major movers.
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