OTC Bulletin Board: CLVE)
Current Price: $0.60
Contact Information:
Stephen Nemergut, President, at 619/259-1159
Email - Classicvsn@aol.com
Share Structure:
Shares O/S - 14M
Public Float - approx. 3M
Business Summary:
The company is currently involved in three distinct aspects of business:
1. ClassicVision Entertainment Inc. (CLVE) restores and rescores movies
from the "Classic Era" and generates revenue through their distribution and
the merchandising of related licensed items. ClassicVision, in conjunction
with its wholly owned subsidiary Time Line Entertainment Inc, also
manufacture documentaries to accompany some these restored films. The
company is currently in negotiations with Northstar Video to develop their
film libraries with the addition of 1,000 classic titles. "ClassicVision
Entertainment has four primary goals: 1) to create a library of classic
films and to produce documentaries to accompany many of these
classic films; 2) to be the leading name in restoring, rescoring, and
redistributing classic films; 3) to have the Company's films and
documentaries in all film markets. ClassicVision Entertainment, Inc.
intends to be a major participant in the classic motion picture
industry." (http://www.dsrtrock.com/fulford/vision.htm)
2. The company is in the process of finalizing a letter of intent which would
result in the acquisition of Advanced Video Fluoroscopy & Nuclear Imaging
Inc., a mobile medical video firm.
"This company currently operates one mobile unit, which has generated
$1,600,000 of gross revenue in its first year of operation. Projections call for
five units in operation by year's end with each unit generating approximately
$2,000,000 in gross revenue." ($10M in gross revenue)
(http://biz.yahoo.com/bw/990325/ca_classic_1.html)
The company expects to retain approximately 40% of the gross profits.
Starting by years' end this would translate into approximately $4,000,000 in
yearly net profits.
3. The company is the process of establishing a visible internet presence
through the acquisition of various high traffic profitable e-commerce web sites
and a portal, towards the ultimate goal of a network providing web content for
all ages. Some of the most recent news include:
- 49% purchase of Rocket Inc. The Rocket Inc "Portal"
(www.rocketlauncher.com) contains a collage of websites, 3 of which are
E-Commerce sites. The company is currently profitable and receives over
1M hits per month.
- Letter of Intent (LOI) to purchase the popular online investing site
"TraderCents". (www.tradercents.com) The company currently receives
approximately 3M hits per month and six figure revenue. "It offers a broad
base of financial links, stock forums, live chat, as well as such things as
market data, free e-mail, online shopping and many other interesting and
unique features."
- LOI to purchase an online gallery site which features art work from many
renowned artists. The art has generated millions of dollars in revenue through
shows and private sales. The increased exposure is expected to lead to a
significant rise in revenues.
- LOI to purchase ownership of a top online sport's site. This site offers
online gaming, Vegas odds, sports stats, trivia, records, betting pools and
interactive discussions with professional athletes.
The finalization of the aforementioned LOI's are expected to be finalized
shortly, in which case further details will be announced. The company is in
the initial phases of developing a network containing numerous profitable
E-commerce, Online Gaming and Advertising Sales.
The Rumor Mill: (05/23/99)
- the company is currently in negotiations towards the purchase of an
additional Portal/Search Engine
- Rocket Inc. is currently negotiating the purchase of additional web sites
and E-commerce sites to be added to their "web universe".
(www.rocketlauncher.com)
- a Public Relations firm based out of Texas will be acquired to raise
awareness among brokers, the public, and financial institutions
- the company is in negotiations with RBM Financial Inc. (Owner of
TraderCents) to acquire 3 additional aspects of business. (Newsletter?
GMT?)
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