IMNI MOMO PICK FOR TODAY
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Pick 1(6-16-99): NUOA, the intraday high was $0.13, up over 300% from its closed price of
the privous day and a gain of 200% over our entry price at $0.065. However, profit-taking
killed the momentum.
Pick 2(6-18-98): GGNC at $1 5/8, finished at $2 5/16.
6-21-99, Update for GGNC: The open was very nice at $2 3/8. The mornig high was $2
25/32, a gain of 78% over our entry price. Now profit taking killed the momentum.
Pick 3(6-23-99): NETN
The stock was up to $3.00 this early morning before it retreated to $2 1/2. The stock will soar
when the news comes out.
Pick 4: IMNI
Interactive Multimedia Network Inc. (OTC BB: IMNI)
Presented by Coldstocks Team (http://www.coldstocks.com)
Recent Stock Price: $1 15/32
1999-1997 Price Range: $0.75 to $8
Shares Outstanding: 6.4 million
Estimated Float: 3.2 million
Stock Market Cap: $9.6 million
Projected revenues: $30 million
Projected EPS: $0.15
BUSINESS SUMMARY:
Interactive Multimedia Network, name to be changed to Interactive Convergence.com, Inc., is
a global marketing company that specializes in "Interactive Convergence." This is the
simultaneous utilization of Television, the Internet and Retail to promote and sell product
and/or services. See shop-the-net.com. IMNI provides E-marketing solutions to a
broad range of clients. IMNI developed and implemented the first Internet new car showroom
at wholesale prices, that directly sells new vehicles to the consumer using the existing new
car dealer infra-structure. See autosmartusa.com. Additionally, IMNI has recently
acquired CPM Associates, Inc., a manufacturer of store fixtures, architectural millwork and
general contractor for tenant improvements build-outs. IMNI's core marketing business
operates through four units: Internet Group, Marketing Group, Multimedia Group and
Entertainment Group. The Internet Group -- which actively monitors and interacts with all
major online services as well as the Internet -- has established an Internet Web site called
shop-the-net.com, an online family-oriented shopping village. This e-commerce
site has become a major portal for successfully catapulting AutoSmartUSA, Inc. to the
forefront of consumers who wish to acquire or lease a new car, truck or Sports Utility Vehicle
(SUV) for as low as 2% over factory invoice price. As a full-service Internet Web site,
autosmartusa.com allows a consumer to directly purchase a new vehicle without
any of the haggling or hassle historically associated with the car-buying process. For
instance, consumers can go to autosmartusa.com and with the click of their
mouse begin the process of securing the lowest possible price for a new car or truck with the
specific options requested and then proceed to finalize the sale including financing and
leasing within minutes. In April, the company formed a strategic partnership with
CarFinance.com, the on-line subsidiary of NationsBank Corp., to provide on-line auto loan
financing to qualified AutoSmartUSA customers. AutoSmartUSA has formed multiple
relationships with online lenders to offer leasing options to many customers of
www.AutoSmartUSA.com. The AutoSmart unit alone is looking to do $20 million in a year.
So this is really the make or break part of the company.
IMNI's marketing strategy is built around "Interactive Convergence," the crossover of
platforms for the sale of a product or service. In short, television linked to the Internet and
linked again to retail. IMNI drives television viewers to autosmartusa.com using
television exposure on IMNI's interactive home shopping variety shows which are
cross-linked to Shop-the-Net.com and AutoSmartUSA.com's Internet new car showroom.
IMNI also intends to provide on-line auction opportunities within shop-the-net.com
to the entrepreneurial small business community in an effort to boost traffic to the site.
Besides auto sales, shop-the-net.com provides the opportunity to buy a wide
range of products including gift items, custom designed jewelry from Italy, baby products,
music and books. IMNI's Marketing Group focuses on new product introduction and
distribution. In the future, the company's Multimedia Group hopes to develop, manufacture
and market proprietary CD-ROM interactive multimedia computer software for use with the
new product introduction, small business development, the educational market and
representation and distribution of third party developers' software. The Entertainment Group
develops the content and marketing strategy for original programming for broadcast,
television, cable, satellite and interactive home shopping. It also develops 30-minute product
infomercials and one and two minute direct response television commercials for clients.
RECOMMENDATION
Interactive Multimedia Network has launched an important on-line automobile Web site as
part of an aggressive acquisition strategy that promises to significantly enhance shareholder
value. Formed in 1994, Interactive Multimedia provides E-marketing solutions to small and
medium sized businesses through the utilization of "Interactive Convergence." This is
simultaneous promotion of product on television, the Internet and at retail. In January, IMNI
launched an innovative Web site, AutoSmartUSA.com, devoted to the retail sale of cars, light
trucks, Sports Utility Vehicles (SUV) and vehicle accessories. Management timed the
launched of its Web site to coincide with the new model year and will enable the prospective
buyer to lease or purchase any car or truck, import or domestic, for as low as 2% over factory
invoice. If executed properly, this could have explosive upside potential. Also in January
1999, the company acquired an 80% interest in CPM Associates, Inc., (CPM), a
manufacturer of store fixtures and architectural millwork. Some of CPM's clients include Polo
Ralph Lauren, Nine West, Estee Lauder, Rocky Mountain Chocolate, Liz Clairborne, Philips
Van Heusen, Oneida, Sunglass Hut, Perfumania, Payless Shoesource and Welcome Home.
IMNI is currently evaluating more than seven additional acquisition targets, all of which if
consummated would be structured as subsidiaries if IMNI. The target companies all have
solid revenues and operate at favorable profit margins. In addition, the company does not
intend to operate solely within one industry. The fact that management has been able to
target a collection of companies reflects on their growth plans favorably. If the targeted
acquisitions successfully close, then IMNI will have succeeded in assembling a strong core
on which to grow without adversely impacting shareholder value or overly diluting the stock. In
fact, should the management achieve half of its projections for fiscal 2000, the company will
reach $15 million in sales. To reach the full $30 million, management feels IMNI will probably
have to issue, perhaps an additional four million shares of stock to cover expansion costs. At
a projected 8% pretax earnings income would equal an EPS of $0.15 for fiscal 2000 ending
next March 31 or a projected price/earnings ratio of about 8.5. A stock price within the next
several months of $5 to $10 for this Internet tot would not be unreasonable. Considering the
few profitable large-cap Internet stocks sell at price-earnings multiples of over 200 and over
300 and ridiculous multiples of projected sales, tiny IMNI's shares are selling at a bargain. It
is a foolish person who believes he can forecast the stock price of an Internet up-and-comer.
EQUITIES Special Situations targets a gain of 100% to 200% within two years.
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