DAVID SIRK's VALUE MOMENTUM PLAYS Message Board

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Microcap & Penny Stocks : DAVID SIRK's VALUE MOMENTUM PLAYS

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To: David Sirk who wrote (1816)	5/14/1999 3:11:00 PM
From: Country Tyme	Read Replies (1) of 4828

Here is one for the board... WOTD ... at $.13 was a $4.00 stock... Western Oil & Tire Distributors has a strong base in it's core business, but has recently changed it's focus to E-commerce related business for added growth. On Wednesday of this week, the company announced today that it has reached a final agreement to acquire the assets of Internet Interview, Inc. of Aventura, FL. "Internet Interview, has developed proprietary software for the data basing of resumes making them easily accessible for companies who are looking for Information Technology professionals. The III customer base includes fortune 500 companies and some of the leading professional consulting companies worldwide." The Internet is being recognized as the leading resource for most problem solving. It is only natural that the processes for hiring technical professionals begin on the Internet. III is a pioneer in the field of automating the search on the Internet for industry professionals. The company has a file of over 190,000 resumes and exposure to additional data as needed. Even more significantly, the company has a string of press releases due in the next 2-3 weeks regarding major upcoming E-commerce related developments. Here is a link to the latest press release: Yahoo - WOTD Reaches Final Agreement for the Purchase of Internet Interview, Inc. In addition to these new E-commerce developments, the Company's core-business growth strategy is based on acquiring successfully-run independently-owned businesses. WOTD's strategic goal has two components: 1) Acquire existing Retail Tire stores and Wholesale Tire Distributors and 2) Acquire existing Wholesale Petroleum Product Distribution operations. The petroleum product businesses targeted typically have high annual sales volumes with low but consistent profit margins, while the targeted tire businesses have higher profit margins (10% - 15%) and generally average $1 million per year in revenue per retail outlet.

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