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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (54726)	7/14/2000 7:35:32 PM
From: y2kfree_radical	Read Replies (1) \| Respond to of 150070

CLYC-fascinating to me is that each one of our 50,000,000,000,000 cells with a nucleus[all with the exception of mature rbcs] contains enough DNA information that an entire identical person could be cloned from one cell

To: Tom Allinder who wrote (54726)	7/14/2000 7:47:48 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

CHRM filing. LAM SW INC has filed a Form 10-K (Annual Report) with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com Some highlights: As of July 1, 2000, 12,800,000 shares of common stock of the Registrant were outstanding. As of such date, the aggregate market value of the voting and non-voting common equity held by non-affiliates, based on the closing price, was approximately $3,600,000. Year Ended March 31, 2000 Compared to Year Ended March 31, 1999 Revenues and Gross Profit. Operating revenues increased by 41.2% to $123.1 million for the year ended March 31, 2000 as compared to $87.2 million for fiscal 1999. Sales of Company products were up 44.8% to $123.1 million during fiscal 2000 as compared to $85.0 million during fiscal 1999. Subcontracting fees decreased from $2.2 million during fiscal 1999 to nil during fiscal 2000. The increase in sales during fiscal 2000 was attributable to increased product volumes resulting from an increase in production capacity, the introduction of new products and investments in marketing efforts across geographical regions. As part of our commitment to expand distribution channels, our Hang Fung group plans to launch an Internet site in Hong Kong to support business-to-business sales of our products as well as to promote our brand and support our overall marketing efforts. The decrease in Subcontracting fees was attributable to a determination to concentrate on the manufacturing of products designed by the Company as opposed to products manufactured on a subcontract basis in order to raise the Company's brand name recognition. 17 Geographically, within Southeast Asia (including Hong Kong and the PRC) the Company's sales increased 74.4% to $68.9 million in fiscal 2000 from $39.5 million in fiscal 1999. Sales within Southeast Asia accounted for 55.9% of total sales during fiscal 2000 as compared to 46.4% in fiscal 1999. Percentage of total sales of the region were favorably impacted by renewed economic strength in Southeast Asia during fiscal 2000 and increased marketing efforts in the region. Sales in Hong Kong increased 166.2% to $18.9 million during fiscal 2000 from $7.1 million during fiscal 1999. Sales in the PRC were up during fiscal 2000 due to a substantial increase in our marketing efforts in the region, increasing 107% to $32.7 million from $15.8 during fiscal 1999. Sales in Southeast Asia (not including Hong Kong and the PRC) during fiscal 2000 were up due to strong regional demand accompanying renewed economic strength in the region, increasing 4.2% to $17.3 million from $16.6 million during fiscal 1999. Outside of Asia (in the United States, Europe and the Middle East), the Company experienced a 19.1% increase in sales with these sales accounting for 44.1% of total sales in fiscal 2000 as compared to 53.6% of total sales in fiscal 1999. The increase in sales outside of Asia was driven by increased marketing efforts and strong product demand which accompanied strong economic conditions in those regions. Sales in Europe increased approximately 36.2% to $24.1 million in fiscal 2000 from $17.7 million in fiscal 1999. Sales in the Middle East were down during fiscal 2000, due to concentration of efforts on expansion of the Company's market in Southeast Asia, decreasing approximately 21.6% to $10.9 million from $13.9 million in fiscal 1999. Sales in the United States increased approximately 38.1% to $19.2 million during fiscal 2000 from $13.9 million in fiscal 1999. Gross profits increased by 26.7% to $28 million in fiscal 2000 from $22.1 million during fiscal 1999. The increase in gross profits was mainly attributable to increased sales across geographic regions which were partially offset by a reduction in gross margins. Gross margins decreased to 22.7% in fiscal 2000 from 25.4% in fiscal 1999. The decrease in gross profit percentage during fiscal 2000 was primarily attributable to adoption of a more competitive pricing strategy to enhance competitiveness and revenue. Operating Expenses. Operating expenses totaled $14.7 million during fiscal 2000, an increase of 36.1% from $10.8 million in fiscal 1999. The increase in operating expenses during the period was primarily attributable to increased marketing expenses associated with the expanded selling efforts, increased corporate overhead and depreciation expense on investment in machinery and equipment to support the increase in sales volumes. Other Income (Expense), Net. Other income(expense), net during fiscal 2000 and 1999 consisted of a loss on reduction in equity interest in a subsidiary associated with the Group Reorganization and Hong Kong Offering of Hang Fung Gold during fiscal 1999, bank charges, and interest income and interest expense. Net other expenses increased approximately 31.2% to $2.1 million during fiscal 2000 from $1.6 million during fiscal 1999. The increase was primarily attributable to (1) an increase in interest expense during the fiscal year of $1 million which resulted from an increase in banking facilities to support the business expansion during fiscal 2000, and (2) an adverse swing in other expenses of $205,000 which resulted mainly from increases in bank charges during fiscal 2000; which was partially offset by a $383,000 increase in interest income during fiscal 2000 attributable to increased cash generated by operations and a $271,000 loss during fiscal 1999 attributable to the dilution of the Company's ownership interest in Hang Fung Gold from 100% to 53.15% as a result of the Group Reorganization and Hong Kong Offering. Minority Interest. Minority interest of $6.0 million was reported during fiscal 2000 and $2.0 million was reported during fiscal 1999. Minority interest reflects the Group Reorganization, including the conversion of the Note of Phenomenal into shares in the Company's previously wholly-owned subsidiary, Hang Fung Gold (including a dividend of $1,849,000 paid to Phenomenal with respect to the Preferred Stock), and the Hong Kong Offering pursuant to which additional shares of Hang Fung Gold were sold in fiscal 1999. Minority interest reflects the proportionate interest in the earnings of the Hang Fung Group not owned by the Company from February 27, 1999, the date of the Group Reorganization. Income Taxes. The Company reported a tax benefit of $1.6 million in fiscal 2000 compared to income tax expense of $1.9 million in fiscal 1999. The tax benefit reported during fiscal 2000 was attributable to the favorable settlement of a "50:50 offshore claim" in Hong Kong pursuant to which the Company recovered a $2.7 million tax provision previously recorded for Hong Kong profits tax after resolution of the Company's claim.

To: Tom Allinder who wrote (54726)	7/14/2000 7:48:36 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

CLYC Great work Tom, thanks.