To: Jim Bishop who wrote (16091 ) 12/8/1999 7:35:00 AM From: Mr Metals Read Replies (1) | Respond to of 150070
To: Kimberly Lee who wrote (39538) From: Tom Allinder Tuesday, December 7, 1999 9:55 AM ET Reply # of 40463 Wall Street Strategies... news this morning. S/A with DBC. OTCBB-WSST O/S: 17.5M Float: 2M Chart is typical of a reverse merger and R/S.. stock opened higher late Oct then tanked and is now showing some signs of stabilizing. Here is a link to the chart:bigcharts.com . What does WWST do? ... From the Corporate Profile: "Wall Street Strategies fills the void of effective, timely, and truly independent stock market advice. Our services are designed to identify buying and selling opportunities in the stock market. We offer an alternative to traditional brokerage research. Wall Street Strategies is focused on providing our subscribers with money-making ideas on a daily basis." Simply put, WSST provides stock/investment information for a price. Their biggest clients are institutions. They have over 8,000 subscribers from over 250 brokerage firms in the world. 4000 of these subscribers are the institutions who are buying the "Institutional Service" which is detailed below. Wall Street Strategies Principal analyst and CEO Charles Payne appears on NY1 News Fortune Business Report on Monday evenings and Tuesday mornings. He also does a show "Ask Charlie" on CNNFN. Products.... How they generate revenue: "First Alert" First Alert is an aggressive research service designed to meet the needs of active traders whose holding periods range from one hour to as long as one month. Cost: $300 per month... they have about 500 subscribers. "Hotline" The Hotline is an innovative research product designed to meet the needs of intermediate to long-term investors who typically hold investments for a period of thirty days to six months. Subscribers receive two reports daily. Cost: $300 per month... they have 800 subscribers. "Newsletter" The Newsletter is a monthly publication of commentary and specific stock picks designed for the long-term investor whose holding period is over six months. Cost: $50 per month... they have around 2000 subscribers. "Storyline" The Storyline is a daily report that reviews and rates the rumormill. Advanced knowledge of rumors and takeovers creates trading opportunities. Cost: $300 per month... they have 600 subscribers. "Institutional Service" The Institutional Service is designed to meet the needs of clients who demand the highest level of service and personal attention. Clients of this service enjoy direct access to our analytical desk. A quarterly subscription is $5500.00; a yearly subscription is $20,000.00. They have 4000 subscribers for the Institutional Service... that is right: 4000 subscribers. These products are received via fax/email. OK, so WSST has a lot of institutional subscribers... why not have more individual subscribers? Well... they are going to fix this by launching a web page which will target the individual investor. This web page will be up and running on or before 15 Dec. Wall Street Strategies News: Nov 2: Wall Street Strategies Principal analyst and CEO Charles Payne appears on NY1 News Fortune Business Report on Monday evenings and Tuesday mornings. Also in this news story, they mention they have over 4,000 current subscribers from more than 250 brokerage firms. Finally... in reading near the bottom of the article, it the "developing an online solution"... this "online solution" will be launched on or before 5 Dec. bigcharts.com . Oct 20: Wall Street Strategies Appoints New Chief Operating Officerbigcharts.com . Oct 11: Wall Street Strategies Launches Internet Ad Campaign on CBS MarketWatchbigcharts.com . Oct 08: ``Ask Charlie' Now Airing on CNNfnbigcharts.com . Oct 06: Wall Street Strategies Financial & Corporate Snapshotbigcharts.com . Revenues: 1997: 1,455,255. 1998: 2,455,470. 1999: 4,200,000 Est. Earnings: 1997: (526) 1998: (58,816) 1999: + 122,000 Est. They have a "functional" web page at: wstreet.com Filing Status: The company states that the 10Q is being worked on... but is being delayed to finish a Private Placement of 100K shares at $3... This will be complete shortly. Also, a NASDAQ application and sponsorship is being done by Joseph Charles... Obviously the stock price isn't there yet... I have looked at their "stock picks"... they do seem to have a good record. They concentrate on NASDAQ stocks in hot sectors. Conclusion: WSST has nice services and a lot of serious clients... they need it online, which is coming. The advertising campaign will certainly help... S/A with DBC helps. Not a rec to buy... please do your own DD. Tom