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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (107807)	6/8/2000 10:28:00 AM
From: TallTrader	Read Replies (1) \| Respond to of 108040

LAMT: $2.21, wireless, expect to do $80-100mil sales President on interview said they expect revenues of $80-$100 million in 36months. ATLANTA, Jun 6, 2000 (BUSINESS WIRE) -- LTI Holdings, Inc. (OTCBB:LAMT.OB) and SPEEDCOM(r) Wireless International Corporation, a privately held wireless broadband manufacturer based in Sarasota, Florida, jointly announced today that they have signed a letter of intent to merge. Under the terms of the letter of intent, the parties will enter into a definitive merger agreement whereby LTI Holdings will acquire SPEEDCOM in return for shares of LTI Holdings' common stock. Upon completion of the transaction, current LTI Holdings' stockholders will own approximately 8% of the post-merger company and current SPEEDCOM stockholders will own approximately 92% of the post-merger company. The parties expect to rename the combined company SPEEDCOM Wireless International Corporation and continue SPEEDCOM's current business. The merger is expected to be tax-free to the stockholders of both companies. The closing of the transaction is subject to customary conditions, including the execution of a definitive merger agreement and the approval of the stockholders of both LTI Holdings and SPEEDCOM. LTI Holdings' Chairman, President & Chief Executive Officer, Michael Noonan stated: "The merger represents an excellent opportunity for LTI stockholders to participate in a leading company in the exciting wireless broadband industry." SPEEDCOM'S President, Michael McKinney agreed stating: "SPEEDCOM is pleased to join with LTI, thereby providing a public vehicle for accelerating SPEEDCOM's growth. We now have a platform to raise additional capital and make strategic moves more easily. We are therefore better positioned to execute our business plan and continue to increase shareholder value for all of our shareholders." ABOUT LTI HOLDINGS LTI Holdings, formerly known as Laminating Technologies, Inc. had been a developmental stage company supplying a technology to provide barrier laminations for corrugated used in the manufacturing of specialty packaging products. In June 1999, the company sold all of its operating assets and ceased its historical business. Since that time, the company has been seeking to maximize its shareholders' value through a merger, acquisition or similar business combination. ABOUT SPEEDCOM WIRELESS INTERNATIONAL CORPORATION SPEEDCOM Wireless International is a six-year old multi-national company based in Sarasota, Florida. Through its Wave Wireless Networking division, SPEEDCOM manufactures a variety of broadband wireless products, including its award winning SPEEDLAN family of wireless Ethernet bridges and routers. ISPs, Telco operators and private organizations throughout the world use SPEEDCOM'S products to provide "last-mile" wireless connectivity between multiple buildings at speeds up to 100 Mbps and distances of more than 25 miles. SPEEDCOM had calendar 1999 revenues of over $5 million and is an ISO 9001 Registered company. SPEEDCOM competes with other wireless companies including Breezecom (Nasdaq:BRZE), Waverider (OTCBB:WAVC), Aironet (a division of Cisco (Nasdaq:CSCO)) and Orinoco (a division of Lucent (NYSE:LU)). Additional Information and Where to Find It: LTI Holdings plans to file a Registration Statement on Form S-4 with the Securities and Exchange Commission in connection with the merger, and LTI Holdings and SPEEDCOM Wireless International expect to mail a joint proxy statement/prospectus to the stockholders of LTI Holdings and SPEEDCOM containing important information about the merger. Investors and security holders of both LTI Holdings and SPEEDCOM are advised to read the Registration Statement and joint proxy statement/prospectus regarding the merger carefully, when it becomes available, because it will contain important information. Investors and security holders will be able to obtain free copies of these documents and other documents filed by LTI Holdings at the Securities and Exchange Commission's web site at sec.gov. The Registration Statement and joint proxy statement/prospectus and such other documents may also be obtained from LTI Holdings or SPEEDCOM by directing such requests to the companies. LTI Holdings and its officers and directors may be deemed to be participants in the solicitation of proxies from LTI Holdings' stockholders with respect to the merger. Information regarding these officers and directors, including a description of any interests that such directors and executive officers have in the merger, will also be included in the Registration Statement and joint proxy statement/prospectus to be filed with the Securities and Exchange Commission. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward looking statements subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements, including the risk that the company may not be able to complete the merger described herein and other risks set forth in the company's Securities and Exchange Commission filings. CONTACT: LTI Holdings, Inc., Atlanta Michael E. Noonan Chairman, President and Chief Executive Officer Phone: 770/454-7403 Fax: 703/451-9131 or SPEEDCOM Wireless International Corporation Jay O. Wright, Chief Financial Officer Phone: 941/358-9283 x361 Fax: 941/358-6208 URL: speedlan.com businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved.

To: Joe Copia who wrote (107807)	6/8/2000 10:31:00 AM
From: StocksDATsoar	Read Replies (1) \| Respond to of 108040

We received this from one of our subscribers, we thought we'd pass it along. TWP ========================================================================== Take time to look at this stock. Hit 52 week low of .16 just 2 days ago and volume has surged. We are told that news is expected soon: JENNA LANE, Inc (OTCBB: JLNY) 1407 Broadway, Suite 2400 New York, NY 10018 Phone: (212) 704-0002 Fax: (212) 704-0139 COMPANY SNAPSHOT... - $67 MILLION is annual revenue - Only 2.2 million shares in the float - A Price of UNDER a buck! - A Book Value of $1.93 - Sales for the first 6-months of their fiscal year are UP 23%. - 52 WEEK: Low $0.156 ... High $3.375 WEBSITE: jennalanegroup.com Current price: $0.50 CHART: bigcharts.com. finance.yahoo.com SEC FILINGS: sec.gov SHARE INFORMATION - Outstanding: 3.98 million - Float: 2.2 million - Preferred Shares: None - Insider Ownership: 45% Profile - biz.yahoo.com KEY POINTS - SALES INCREASING: For 6 months ended 9/30/99, sales UP 23% to $38.1 million. - ANNUAL SALES (ttm): $67.6 million - MARKET CAP: Around $3 million - BOOK VALUE: $1.93 per share - PRICE TO BOOK RATIO (mrq): 0.21 (Industry Avg is 3.36) - FLOAT: Only 2.2 million shares - CURRENT RATIO (mrq): 2.44 - DEBT / EQUITY RATIO (mrq): 0.18 - OUTSTANDING SHARES ARE REDUCED: Company has bought back over 400,000 shares in the past year. - NEW SUMMER LINE COMING SOON: As per Customer Service - Shares are trading under a buck on very light volume. BUSINESS SUMMARY Jenna Lane, Inc. designs, manufactures (mostly through contractors) and imports women's and children's sportswear. Brands include Jenna Lane, T.L.C. for Kidz, Stressed Out, Smart Objects, JLNY, and Bongo. They sell through major retailers such as KMart and Charming Shoppes and other department stores and specialty retailers. They also sell online through styleclick.com. JLNY now does 65% of its business as retailers' private labels; and the licensed Bongo brand. Its Impatiens division designs dresses. Founders Mitchell Dobies and Charles Sobel together own 31% of the company. JLNY had positive earnings in 97 & 98, but had accounting problems in FY 1999 that raised concern. They hired a new President and conducted a financial review. Results of that review are expected soon and were expected to reduce earnings for FY 1999 and increase earnings for the first 6-month period of FY 2000 ended 9-30-99. These events have taken their toll on the stock price and it has declined significantly from its high of nearly $10.00 per share just 2 years ago. Has the stock price started to turnaround? For the 6 months ended 9/30/99, revenues increased 23% to $38.1M. The company showed losses for that period, but those losses may be upgraded as a result of the financial review. According to a recent press release, "A restatement, if it occurs, may result in a charge to earnings for the fiscal year ended March 31, 1999 and an improvement in reported results for the six months ended September 30, 1999." JLNY had a company employee driving a company owned truck that struck and killed a person. The estate of that person filed a $10 million lawsuit against the company in Oct 99. The company did not make clear what their insurance coverage was relating to this incident. However, the company liability insurance for such events is now thought to be $4 million. Insurance attorneys say most lawsuits like this are settled at or close to the limits of the insurance coverage, however, there can be no assurance or guarantee of this. What effect a misunderstanding of the insurance coverage may have had on the stock price is unclear. Interestingly, this industry has a 3.36 ration for Price to Book Value. That means the share price in this industry averages 3.36 times the Book Value. JLNY's Book Value is $1.93. If that ratio was applied to JLNY, a proper value for the stock would be about $6.48 per share based on this industry average. If the financial review shows favorably for the first 6 months of FY 2000 as indicated in the recent company press release, and with a Sales Growth Rate of over 23%, could JLNY see a stock valuation more in line with industry averages? A $70 million company with a float of only 2.2 million shares should be interesting to watch. --- If you like Thisweekspick.com vote for us at; investorschat.com --- Disclaimer ThisWeeksPick is an independent electronic publication providing information on public companies that in the opinion of ThisWeeksPick, are undervalued and have growth potential. 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