Here is DD on a fascinating stock... Just got it from one of my best contacts.
CRGI is the ticker...
Company description: Creative Gourmet Inc. manufactures a line of premium quality baked goods, desserts and a line of pasta products which it sells to its customers frozen. Creative Gourmet Inc. sells its products wholesale to the restaurant, hotel and catering trades. Among the current customers are Holland America and Disney and Henry Lee distributes the company product.
Since inception Creative Gourmet has grown from $200,000 in sales the first year to $1,200,000 in sales from 1997. Currently CRGI sells and distributes its products primarily in the Southeast market. Due to the high demand CRGI will institute a marketing plan with an eye on diversifying distribution.
CRGI is using the services of food brokers in other regions of the country to diversify distribution.
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Big spread due to small float.... Only around 3M in the float, with 2M tightly held leaving only about 1M tradeable. Here is the the key:
Rumor is: The company is going Internet to expand globally. News rumored to be out next week.
They have a PR company now....
See the chart: bigcharts.com
Read the news of late:
FORT LAUDERDALE, Fla., Feb. 4 /PRNewswire/ -- Creative Gourmet Inc.
(OTC Bulletin Board: CRGI) is pleased to announce that since October 1998, the
company has obtained substantial purchase orders from the following new major
restaurant and cruise line end-users:
Pizza Hut (Saudi Arabia)
Applebee's (includes Florida locations)
Atlantis Hotel (Bahamas)
Cooker Bar & Restaurant (56 Restaurants; includes Florida locations)
Grady's American Grill (48 Restaurants; includes Florida locations)
Holland America Lines (Shipped to cruise ships in Florida)
This is in line with company policy of reorienting its sales makeup to service these new customers. C.R.G.I. has established accounts with 20 major distributors and brokers in various states. Included in the list of distributors are five Sysco houses, as well as Food Services of America and Beaver Street Fisheries.
C.R.G.I., which trades on the OTC Bulletin Board, manufactures a line of premium specialty desserts. The above-noted new end-users are in addition to some of their existing customers, such as Pro Player Stadium, Marriott and Hilton chains. With the addition of these new customers, the company expects sales to increase substantially in 1999.
In order to expand sales aggressively, C.R.G.I. is in preliminary takeover discussions with three bake operations in Florida. This will achieve a synergistic effect of increasing production and broadening their customer base and profitability.
For further information please contact the company's investor relations at Sound Capital Inc. at 305-936-9450.
Again... be careful, do your own DD. This is just some info worth looking into.
Tom |
