StockGroup's August Preferred Pick is PINC
theStockGroup's Preferred Stock for August 1999 HOME
Planet City Corporation
Trading: Nasdaq Over-the-counter Bulletin Board
Ticker Symbol: PINC
Post Date: August 8, 1999
Current Bid: 0.41
Current Ask: 0.46
Planet City is a world leader in the rapidly developing Y2K-bug remediation market. They are also developing a comprehensive web services organization that will give them a large presence in the world of e-commerce. The company's market capitalization is $8.46M with 19.68M shares outstanding and a 7.0M share float. For the year ending December 31, 1998, total assets were $283,000.
Company Overview
Planet City is an Arizona-based developer and marketer of computer software. Their recent focus has been on the Millennium Bug Compliance Kit (MBCK) 5.0, a PC-based application that finds and fixes Y2K problems at user-end. It is a complete, innovative, and user friendly software solution which not only makes a PC year 2000 ready, but will also identify software that is not compliant and turn two digit data into four digit data. You will be able to download a free evaluation version starting on August 16 to check your computer for compliance.
Planet City Software
Planet City Software is a computer software development and software sales company specializing in the development of leading edge software for the mainframe, client/server, PC, and Internet environments. Their goal is to achieve for their clients breakthrough performance gains by evaluating value-added business processes, systems, policies, and organizational structures. The results they hope to bring to their clients include an enhanced new business process from which they can identify an increase in profits, improved quality and cycle-time reduction. For more information go to: planetcity.com
Planet City Software Publishing
Planet City Software Publishing, formerly Millennium Software Solutions, is a software distribution and marketing company which owns the exclusive worldwide rights to an innovative database software product, Production Archive & Licensing (PAL). PAL will keep track of a multimedia, film production, or broadcast company's contents, as well as its licensing activities.
Planet City Casino
Planet City Casino provides both play-for-free and play-for-real options. The casino is currently open to the public for free-play with the five games currently available. New games will be added periodically. The current games software is available for download from planetcitycasino.com. Free Installation CD ROMs are available upon request.
Terry Dennis, President and CEO of Planet City said, ``The Planet City Casino is a complete turn key operation with minimal start up costs. Selecting a turn key operation allows us to keep our operating expenses low, while generating immediate income to fund our ongoing operations. This allows Planet City staff to concentrate on the primary focus of our company, which is providing leading edge software products and services to our clients.'
Internet gaming is growing at a rapid pace. Sebastian Sinclair, a gaming industry research analyst with Christiansen/Cummings Associates, estimates that expenditures for Internet gaming should reach $7.9 billion by 2001, exclusive of sports and horse betting. The Planet City Internet Gaming Division's goal is to provide future interactive single and multi-player game titles for this lucrative entertainment medium.
Planet City Web Services
Perhaps the most exciting aspect of the company is their Web Services subsidiary. Their focus is to fully integrate a clients web presence strategically to their clients' corporate identities. They will assist clients as they transition from conventional store front operations to conducting full scale web-centric eBusiness. Their services include website design, hosting, maintenance as well as marketing and sales. Benefits of these services for their clients include greatly enhanced sales and marketing functions, as well as integrated back office automation for their corporate information systems.
Part of Planet City's corporate growth strategy is to create long term partnerships with their clients. The Web Services Division helps them to achieve that goal. It was created in response to client demand for comprehensive web services. Projects are already lined up and will begin generating revenue immediately. This division, announced August 2, 1999, is already profitable.
Visit Planet City's home page for more information.
The President
Terry Dennis, CEO and President came out of retirement in March 1999 to take over all operations of PINC. Mr. Dennis retired at 48 years of age, three years ago, after very successful careers with software development corporations such as Computer Associates (CA) and Via Soft (VIA). More detailed information about Terry Dennis can be found at: planetcity.com
Chart Analysis
This Chart is brought to you from Big Charts.
Stochastics
PINC just passed a buy point in late July. The stock is currently in between the over bought and over sold conditions. One year Stochastics trending returned 1% in 3 trades. This indicates that this trending method does not predict PINC's movement very well.
Wilder RSI
PINC is on the verge of a buying point. One year Wilder RSI trending returned 12% in 3 trades.
MACD
PINC is nearing a buying point. One year MACD trending returned -42% in 9 trades.
Moving Average
The stock appears to be in a bearish trend, as the price is extremely below the 200-day moving average. However some people consider this type of reading an indication of an oversold condition, and hence possibly ripe for opportunity.
When comparing the stock price to its 50-day moving average, the former is noticeably below the latter. According to the moving average theory, when a stock price moves below its moving average, the end of an advancing trend is signaled. In this case, the moving average indicates a fairly bearish outlook and should change to a bullish outlook.
Daytraders
For daytrading, comparing the stock price to the 10-day moving average suggests that the stock may be oversold in the short-term because the average is far below the stock price. It also confirms that the stock is in a bearish trend, especially if the line is declining. Remember that moving averages help determine if an existing trend is still in place and aid in confirming when a change in trend has occurred. The problem is that there is no early notification when a change is about to happen.
You can view these trends and more at wallstreetcity.com.
Recent News
August 2, 1999
SEDONA, Ariz., Aug. 2 /PRNewswire/ -- Planet City Corp (OTC Bulletin Board: PINC - news) is pleased to announce the creation of a new Web Services Division.
Terry Dennis, President and CEO of Planet City said, ``The World Wide Web is transforming the way companies conduct business. The eBusiness and eCommerce supporting technology continues to mature rapidly, and companies without an internal web marketing staff can't keep up with their competitors. Even those companies with internal web staff are overworked just maintaining and supporting their existing environment. Our new Web Services Division (WSD) provides an affordable solution as an outsourcing vehicle for those businesses to help them benefit from the Web's marketing and business potential. Our target audience is the mid-sized and larger companies that need to leverage the power of the Web.
Read more at: biz.yahoo.com
July 1, 1999
SEDONA, Ariz.--(BUSINESS WIRE)--July 1, 1999--Planet City Corp (OTCBB:PINC - news) is pleased to announce a cooperative business alliance with ConSyGen, Inc. (OTCBB:CSGI - news).
Planet City will market ConSyGen's platform conversion and Y2K compliance services on a non-exclusive basis to their existing and prospective clients. ConSyGen's corporate website is at consygen.com .
Terry Dennis, President and CEO of Planet City said, ``ConSyGen's toolset provides excellent platform conversion capabilities which will become increasingly important as the Year 2000 panic subsides. Their Y2K factory remediation capabilities and Independent Verification and Validation (IV&V) solution will be valuable additions to our market basket through the remainder of this year, and for some time into the next decade. We will be presenting the 'ConSyGen 2000(TM)`` service immediately to a large foreign client prospect for consideration. Planet City Software Services and ConSyGen will jointly pursue this opportunity.'
Read more at: biz.yahoo.com
Rumor Play
This section is devoted to rumors that have been recently posted on the internet. theStockGroup does not guarantee that there is any truth to these rumors, but the rumors can have implications to the stock's value.
1. Big Contracts? - Terry Dennis himself has stated on a few message boards that the President of the newly formed Web Services Division brought a few contracts with him when he joined Planet City Corporation. Some of Terry's hints in follow-up messages indicate that there maybe more on the way. "We already have projects lined up and will begin generating revenue immediately." - Terry Dennis
2. Millenium Bug Kit Sales - with the millenium quickly approaching, more and more people will need to fix potential errors on their home PCs. Increased sales by the end of the year will help the stock's value dramatically.
3. Other News? - Terry has also stated that there will be a lot to talk about in the near future. He indicated that there will be some visible results coming soon.
Company Outlook
The potential effect of these rumors combined with the currently low stock price should not be underestimated. Although the exact news regarding new contracts is not clear at this time, Terry Dennis is excited about the potential it could have on the company and should prove to be rewarding for investors. Even without immediate news, PINC has a solid foundation upon which to build the Web Services Division. The MBCK should also bring them more revenue as the year 2000 approaches. The Planet City Casino offers Planet City a source of income with very little cash investment. If the casino can gain just a small portion of the total market share, then this segment of the company should provide additional capital for more lucrative adventures. In short, theStockGroup believes that Planet City Corporation is at the starting gates of a very profitable and successful future.
theStockGroup foresees the stock reaching 1.00 (~115% return) in the near future ( |
