I copied this from Raging Bull posted this morning:
Is the news all of us have been waiting for? I found this on Yahoo today. Bottom line sounds like they like the stock.
Monday July 26, 4:55 am Eastern Time
Company Press Release
Research Investment Group Announces Investment Opinion on LCS GOLF
Research Investment Group Initiates Investment Opinion on LCS GOLF
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--July 26, 1999-- Special Marketing Exposure Report: July 26, 1999
lcsgolf.com
LCS Golf Announces Major Strategic Partnership with Las Vegas
Internet Partners and Golfer's Guide; ''Play Golf Now'' Card To Be
Marketed In ''Golfers Guide'' Reaching Over 10 Million Golfers
Wednesday, March 17, 1999 10:42 AM
LCSG is the premiere golf portal on the Internet.
LCS Golf, Inc.
(OTC BB: LCSG) Bid - Ask: $2 1/8 - $2 11/32
LCS-Golf has 16.5 million shares outstanding
9 million restricted shares
6 million share float
lcsgolf.com
Company Profile: LCS Golf, Inc. (OTC BB: LCSG) is a holding company specializing in the acquisition and subsequent management of companies offering both products and services to the golf-playing public. Since going public in mid-1998, LCS Golf has been aggressively acquiring undervalued golf-related companies that possess unique and profitable niche positions in their respective markets. Today, LCSG is the premiere golf portal on the Internet.
LCS Golf currently has 16 million shares outstanding, with a float of about 6 million. The stock is presently trading at about $2.12 per share. With its new e-commerce capabilities (including an alliance with Amazon.com), LCS Golf is estimating revenues of US $20 million for fiscal 1999. The Company's websites provide a solid base, and the executives of LCSG are quickly developing an infrastructure for major and diverse streams of revenues. Visit their website at: lcsgolf.com
Football legend Joe Namath has been hired as a spokesman for the Company's therapeutic sports magnet,soon to begin appearing in a series of infomercials airing coast-to-coast, marketing LCSG's therapeutic sports magnet products.
lcsgolf.com
Recent LCSG acquisitions include the well-known GolfUniverse.com e-commerce site, Mister ''B'' III (therapeutic sports magnet products), PlayGolfNow.com - the leading provider of discounted golf services and products, and GolfPromo, Inc., an Internet direct marketing company with a database of 4.2 million golfers and over one million e-mail addresses. Specifics on each of LCS Golf's four wholly-owned subsidiaries are as follows:
GolfUniverse.com (located at: golfuniverse.com) is the Internet's premier golf information center. The depth of product and service offerings at this e-commerce site are unparalleled - all the major equipment manufacturers, apparel designers and virtually every imaginable golf-related product and service (over 1,800 categories at last count!) are available for viewing and purchase instantaneously from the comfort of one's home or office. They also have a database with complete information on over 24,000 golf courses around the world!
GolfUniverse.com is currently averaging 50,000 hits per day! What makes this site so attractive to visitors? Information, entertainment value and one-stop shopping convenience!
GolfUniverse.com's revenues will be derived from two main areas: advertising and product sales. Advertisers are attracted to this very popular site because of the in-depth, value-added practical information content, and management's ongoing efforts to significantly increase the flow of traffic onto the GolfUniverse.com site from the current 50,000 hits per day. The Golf Universe Cyber Mall is an on-line virtual store where visitors can purchase a vast array of golf products from different companies; GolfUniverse.com is not burdened with the costs and logistics of managing inventory - rather, just like Amazon.com, it offers other companies products, and shares in the revenues generated by each sale.
PlayGolfNow.com (located at: playgolfnow.com) was acquired in January 1999. This LCSG subsidiary is the Internet's leading provider of discounted golf services and products. PlayGolfNow.com pioneered Internet-based golf services, maintains an alliance with Amazon.com.
Through its unique membership program, PlayGolfNow.com offers golfers worldwide access to course previews, discounted greens fees at over 2,000 golf courses and 400 driving ranges, and a wide range of other services from the world's leading golf and travel companies. PlayGolfNow.com also provides a monthly newsletter to 150,000 Internet-based subscribers.
Mister ''B'' III, Inc. is a Florida-based company that develops, manufacturers and distributes therapeutic sports magnet products. The firm also produces and distributes other lines of consumer products such as microwaveable heating pads, children's novelty products and houseware items. Mr. ''B'' III has an extensive and distinguished nation-wide customer base, including: Target, Wal-Mart, J.C. Penny, Montgomery Ward, and the GolfUniverse.com website.
LCS Golf sees the sports therapeutics market as a burgeoning growth industry with tremendous potential, and the Company has some very aggressive plans for expanding Mr. ''B'' III's business with existing customers, garnering new customers and fulfilling new product demand from ''infomercials''.
In support of these goals, football legend Joe Namath has enthusiastically accepted the role of national spokesperson for Mr. ''B'' III. Joe will be endorsing the Company's line of therapeutic magnet products in a series of infomercials.
Golf Promo, Inc. is the most-recent acquisition by LCSG. Golf Promo, Inc.is a Naples, Florida-based Internet direct marketing company with a database of 4.0 million golfers.Golf Promo also maintains databases of individuals associated with the travel, healthcare and investment industries.
The acquisition of Golf Promo will allow LCS Golf to target specific groups of high net worth consumers and investors - both for direct-marketing of specific GolfUniverse.com, PlayGolfNow.com and Mr. ''B'' III products and services, in addition to being able to lease these databases to other companies (for a sizable fee) wishing to target market their own products and services.
Unlike so many high-profile Internet and high tech stocks, LCS Golf could generate the earnings and cash flow to justify much higher valuations than the market is currently awarding it. This is a well-managed company that knows how to use the Internet as both a marketing and an e-commerce tool.
We see a lot of blue sky on the revenue side.
Press Releases & Media Coverage:
LCS Shareholder update, June 17, 1999
lcsgolf.com
lcsgolf.com
Taylor Stuart Financial Announces Investment Opinion on LCS Golf Monday, April 5, 1999 08:17 AM
lcsgolf.com
LCS Golf's GolfUniverse.com to Adopt and Offer Internet Service Provider Capability Tuesday, March 30, 1999 10:40 AM
lcsgolf.com
During 1999, we expect to see LCSG shift to a full NASDAQ listing (in addition to becoming a fully-reporting company), which will provide further exposure, and access to institutional funding and analyst coverage.
Corporate Financials and Other Information:
Exchange Listed OTC BB: LCSG
Issued & Outstanding Shares 16 million
Float Shares 6 million
Restricted Shares 15 million
Market Capitalization $34 million
|
