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Non-Tech : InvestRight Club Challenge

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To: dexx who wrote (1873)5/5/1999 6:47:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 2662
 
EVDS, which closed at 15/32's, is my stock pick for tomorrow.

Environmental Digital Services Incorporated is a small company which could be just on the brink of tremendous success with their CAPSCAN product. The CAPSCAN is a device which monitors underground storage tanks for leaks and helps owners to do inventory control. USTs are used at almost every gas station in the country:

quote.yahoo.com

Ever wonder why that station on the corner closed last year? Because it is so expensive to replace existing USTs and avoid EPA fines. Devices which are presently in use that "supposedly" serve the purpose of the CAPSCAN cost thousands of dollars to install. A CAPSCAN device costs around $400 to $450.

Maybe that's why EXXON recently asked EVDS to attend a trade show with them despite the fact that the CAPSCAN is still awaiting final FCC approval.

biz.yahoo.com

EVDS has James Bartel on it's advisory board as well. Mr Bartel was the former number three man at Texaco:

fast.quote.com

The CAPSCAN has gone through years of rigorous testing. In addition to targeting USTs EVDS will also push into the home heating oil market later this year. Imagine being able to buy a device at SEARS or another comparable store that will allow you to monitor your tank for around $75? No more guessing what's in there. No more worrying about whether or not you got what you paid for. The CAPSCAN simply screws onto the fill pipe of the tank. It's that easy to install. It works with sonar and a long life battery. A simple hand held device will do all the calculations.

EVDS also has a remediation arm involved with cleaning up pollutants. It's not a sexy business but the men involved here have years of experience and tons of contacts. At today's closing price I think EVDS is a tremendous long term buy.

There are less than 5 million shares in the float.

EVDS has moved well on big volume in the past. So far we have not had the significant news which we have been awaiting. Here are all the news releases from EVDS:

fast.quote.com

What will happen next? Well hopefully, I win my own contest again tomorrow!

Regards, Jeff
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