ETCP - eBuyAuctions.com Message Board

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Technology Stocks : ETCP - eBuyAuctions.com

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To: Randy berg who wrote (19)	5/24/1999 7:59:00 PM
From: Michael Graham	of 39

ETCP's last press release had a couple of very interesting points it it: "E.T. Capital, Inc. (OTC BB:ETCP) today announced that it will launch its Internet Timeshare auction site, ''ebuyauctions.com,'' on June 1, 1999." We only have to wait about a week before they are open for business. Usually you have to wait months for an internet project to be up and running. "Resort Magic has estimated that in excess of 100 million timeshare units have been sold worldwide and that over 1/3 of these could be listed for sale or exchange if a secondary market facility was available. The Company will receive a fee of $150 for every listing accepted to be placed on the website." This could be very big. 33 million units are available for listing on their web site. If they get only 1 percent of those units, that equates to 330,000 units @ $150 per unit equals to $49.5 million in revenues! 1% may be overly optimistic. So how about half of 1%. That's still $24.75 million. The profit margin is probably pretty high too. Not too bad. Mike

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