CHase equities ultimate stock report!!
Well folks LOR is being sarcastic, he still is bashing over at SH, with the same post but an added adendum. I guess his mother walked into his bedroom while he was typing up his last post and he did not have the time to finish his post..... aawwwwww shucks..
Anyway folks here is why I am posting
THE ULTIMATE STOCK REPORT
May 1999 Report
The most profitable companies and the best market performers have been those companies in the software, internet, banking and gambling industries. This month we highlight a company that is in all these industries providing online gambling, Y2K software solutions and international money transfer services.
SOFTWARE GAMING CORP.
Symbol: SGMS
Exchange: Canadian Dealing Network
52 Week High/Low $0.44/$0.04 Cdn
Current Price $0.15 Cdn
softwaregaming.com
To get quotes on Software Gaming go to:
quicken.excite.com
FULL
quote.canada-stockwatch.com
qs.secapl.com
SOFTWARE GAMING CORP. is Canadian company publicly traded on the Canadian Dealing Network. The company has positioned itself in major growth industries and expects year-end revenues to exceed $18 million Canadian dollars ($1.52 Canadian = $1 US dollar)(all dollar amounts in this report will be in Canadian dollars unless noted otherwise) and net income of $6 million Canadian dollars. Canadian software and internet companies have performed well recently and we compare it to Bid.com which trades on the Toronto Stock Exchange and on April 20, 1999 also listed on the NASDAQ.
Software Gaming Corp. currently operates the following subsidiaries:
GAMING
Cyberspades Casino www.cyberspades.com
Bingotown Online Bingo www.bingotown.com
E-COMMERCE
? Global Wire (Canada) Corp.International money transfers
www.softwaregaming.com/chinawire/
SOFTWARE
Beyond 2000 Solutions LTD. Y2K software www.softwaregaming.com/y2k
Projected Revenue for the Year Ended March 31, 2000 (in Canadian Dollars)
Cyberspades $ 831,000
Bingo Town 452,000
Global Wire 3,021,000
Beyond 2000 13,352,580
Total Projected Revenue $ 17,656,580
COMPANY OVERVIEW
CYBERSPADES |
Cyberspades is an online casino that provides casino gaming to anyone with access to the internet. Casino gaming, both in person and on the internet, is a tremendous growth industry. While many parts of the United States and Canada are legalizing gaming a trip to the casino is often a long and expensive venture. Like many things on the internet, online gaming provides a quick fix that we believe will attract both the avid and casual gamblers due to the lost cost of entry.
The company is about to release its updated Cyberspades 3.0 software which can be downloaded at its website (http://cyberspades.com) or obtained on CD-ROM. The new software includes a sportbook and multi-player games, two competitive advantages that will place them at the forefront of the industry. The launch of an additional casino, Online Entertainment Casino (www.oecasino.com) coupled with the more intuitive and exciting interface and new games should also enhance profits.
Cyberspades operates an online casino where netsurfers can place actual bets on roulette, black jack, craps and other casino games. Using state-of-the-art internet protocols the casino offers full E-Cash support and allows players to open an account using a cash advance from their credit card, wire transfers, money orders, personal checks and prepaid cards. Transactions are protected by high-level encryption technology. April revenue from Cyberspades is expected to hit $68,000, with 12 month revenue projected to be $831,000. For the nine month period ending December 31, 1998 Cyberspades had revenues of $309,871.
BINGO TOWN |
Bingo Town (http://www.bingotown.com/bingo) doesn't require a download like Cyberspades as it operates online using Java™. Bingo, like casino gaming, is very popular and attracts those who like this lighter form of gambling. It appeals to those who would otherwise avoid the online casino (or regular casino) but still like to gamble. Thus, we believe that Software Gaming has covered the majority of the online gambling industry by offering both casino gaming and bingo. Revenues from Bingo Town are derived from membership fees, licensing the software to other organizations, and from banner advertising. Subject to legislative approval Bingo Town will be multi-player for a jackpot and prizes. Revenue from Bingo Town is projected at more than $400,000 over the next 12 months.
GLOBALWIRE |
Global Wire is one of the most exciting parts of Software Gaming Corp. By using its proprietary system Global Wire will be the dominant player in providing money transfer services to China. In alliance with one of Canada's largest banks, Global Wire will have access to Canada's more than 1,000,000 Chinese residents who will be able to send money to relatives and others in China.
Global Wire has several competitive advantages over other money transfer companies and banks. First, Global Wire has an alliance with the Chinese Post Office which allows it to send money to any of the Post Office's 30,000 branches throughout China. This provides unprecedented access to rural Chinese who may not be otherwise served by a bank. Global Wire also has an alliance with the Industrial and Commerce Bank of China, one of China's largest banks with 27,000 branches.
Most importantly, though, is that Global Wire can get money to the recipient faster than banks and other money transfer agencies. They can do this through their proprietary computer terminals set up in branches of their Canadian banking partner, that actually transmit the information using Chinese characters, thereby avoiding mistakes and assuring accurate information. (You can even view the Global Wire website in Chinese). The Global Wire system also bypasses the traditional bank money wiring system by sending the information directly to its partners in China and not routing through various other banks and institutions.
Revenues are derived from fees charged for the transfer and from exchange rate differences. The Global Wire system is expected to be in 50 bank branches in Canada by the fall of 1999. Revenues are projected to be in excess of $3 million over the next 12 months.
Global Wire provides a tremendous opportunity for growth for Software Gaming as they intend to leverage their internet experience to provide on-line money transfers over the internet. this will greatly reduce costs and greatly increase the number of people with direct access to international money transfers. Additionally, the company intends to acquire independently owned and operated money transfer operations thereby expanding their retail base and allowing them to expand the number of countries to which they may transfer money.
BEYOND 2000 SOLUTIONS |
Beyond 2000 Solutions provides a hardware and software fix for Y2K (year 2000) bugs found in personal computers using DOS, Windows 3.1, Windows95/98 and Windows NT. The Y2K Bug Remedy software developed by the company has tremendous potential because it fixes all your software and it fixes CMOS, BIOS and RTC issues. Which is important as these matters are specific to a PC's hardware and cannot be fixed by other commercially available products such as those from Norton or McAfee. Currently the product is geared towards the personal and small business user. However, in the 2nd quarter of 1999 the company expects to ship its network version for companies that have more than 50 PCs.
Beyond 2000 Solutions' management and technology advisory board is impressive and includes David Bailey, one of the co-founders of IOMEGA,the maker of the highly popular ZIP Drives, and a former top IBM executive.
This division of Software Gaming has tremendous potential because of the lack of Y2K readiness and the lack of a comprehensive fix for the problem. No Microsoft operating system is completely Y2K compliant and it should be noted that Intel still does not use a Y2K compliant Real Time Clock (RTC) in its Pentium chips, so having a new computer doesn't mean you are Y2K compliant.
The company projects that revenue for Beyond 2000 Solutions will reach $13,000,000 over the next 12 months. The software will be sold directly to large corporations and business, through the company's e-commerce web site and through retail channels.
MANAGEMENT |
Management is a key factor in determining the continued viability and forecasting the ultimate success of a microcap corporation. Software Gaming's management includes individuals with diverse experiences. The company has stregnth in financial management, technology and sales. This broad coverage provides the base for the company to make succesful acquisitions and to further their current offerings by increasing sales of exisiting products and services. Below is a brief description of the key officers, directors and advisors for Software Gaming.
DAN AMADORI-President and CEO
Mr. Amadori has a backround in mergers and acquisitions, and was the founder of Lamerac Financial, a Toronto based corporate finance firm.
DAVID BAILEY-Chairman, Technical Advisory Board
A former IBM executive and co-founder of Iomega, Mr. Bailey provides an exceptional level of expertise that will benefit the company.
DONNA MARIE ANTONIADIS-VP and Director
Ms. Antoniadis has been involved with advanced technology and Internet-related marketing and sales for more than 10 years.
PATRICK BEST-VP Marketing and Director
Mr. Best is a veteran of the software sales and consumer packaged goods
industry and brings extensive sales and marketing experience to the
company
JOHN OBIRECK-VP Sales
Experienced in marketing and production Mr. OBireck is expected to increase overall sales.
GILLES STUCKER-Director, Globalwire, Electronic Commerce
Mr. Stucker, formerly with Goldman, Sachs and City Forest Enterprises, has extensive experience in international trade. With extensive experience in dealing with Asian business, Mr. Stucker will be overseeing Global Wire.
CONCLUSION
Software Gaming has put together an impressive group of companies with positions in today's most lucrative industries. Their emphasis on technology and e-commerce positions them to take advantage of the growth of the internet and the growth of other industries which can be harnessed by the internet. Each division provides multiple expansion opportunities to the company so that the company may easily react to changes in the marketplace.
Based on current projections the company should have revenues equal to $.28 per share and earnings equal to more than $.09 per share. Even at a modest multiplier, this stock has the potential to easily reach $.50 per share. The volume for the stock has been over 2 million shares a day with many days seeing volume as high as 12 million shares traded. This type of liquidity is rare in a microcap issue and provides the liquidity necessary for those investing in today's technology companies.
The recent acquisitions Software Gaming has made of Beyond 2000 and Global Wire have been overlooked by the market place. We believe that the current price does not accurately reflect the revenue and earning potential of Software Gaming.
To get quotes on Software Gaming go to:
quicken.excite.com
FULL
quote.canada-stockwatch.com
qs.secapl.com
Software Gaming's investor relations department can be reached at
telephone: 416-410-8874
email: investors@softwaregaming.com
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