Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Theo who wrote (55992)	7/23/2000 11:08:11 AM
From: StocksDATsoar	Read Replies (2) \| Respond to of 150070

I just recieved this e-mail from HotStockChat.com HotStockChat.com Profiled Company of the Week Stereoscape.com (OTCBB-SSCP) Outstanding Shares: 4.1M Public Float: Just under 1 million The Reason Why: On Friday, SSCP saw significant gains (from .73 to a close of 1.25 on 420,000 shares of volume) due to a rumor of a forward stock split. It seems as though the company wants to do something to increase their liquidity in the marketplace. We are hearing this forward split will be announced sometime in the next two weeks; ratio is anywhere from 10:1 to 18:1. Needless to say, should the stock split 10:1 or 18:1, the price of the stock will move much higher once the company announces this news... In the meantime, the rumors and discussions of this stock split on the message boards and in the chat rooms are sure to drive the price higher over the coming days. About Stereoscape.com: Incorporated in 1997, stereoscape.com (www.stereoscape.com ), through its subsidiaries Alpha Sound & Vision, Inc. (www.alphasound.com ) and American Buyers Club International, Inc. (www.abcstereo.com ), sells high-end audio, video and home theatre equipment on the Internet and at its retail store. All orders are paid for by check or credit card at the time of shipment. There is no financing offered - SSCP’s business is strictly a “cash and carry operation”. Stereoscape.com offers a wide range of name brand products listed at several different price points, with a greater product depth at higher price levels than most of its competitors. SSCP currently offers several hundred products, including all of the top brands of home theatre and related electronic equipment brands (JVC, Sony, Yamaha, Denon, Krix, Klipsch, Thornberg, etc.). Although SSCP’s subsidiaries sell through different media, the majority of the products that they sell are identical. The company’s retail store provides custom design and installation services for all of its home theatre products. SSCP derives its revenues from the sale of home theatre systems and individual components to customers on a call-in basis and via the Internet. Presently, sales are being generated about equally from leads generated through the Internet and traditional print / radio advertising, although by years-end, SSCP anticipates that the majority of its sales will be Internet-driven. Stereoscape.com recently announced major changes to its management team as part of its on-going effort to implement its growth strategy. Mario Bassani, SSCP’s new Chairman & CEO stated that “we are currently exploring various avenues for growth, including expanding our Internet presence, increasing advertising for our retail store, importing and distributing new product lines, and several key acquisitions. We are confident that the Company will succeed in realizing many of the above growth opportunities.” SSCP’s website recently underwent a major upgrade in conjunction with stereoscape.com’s announcement of its new Yahoo! e-commerce store. The new Stereoscape.com website boasts detailed product descriptions, shopping cart style checkout, lightening fast order processing, and is database-driven. The Yahoo! store has the capacity to process huge quantities of orders, and will accommodate SSCP’s projected growth over the next several years. The enhanced website allows customers to make informative buying decisions, without the hassle of searching the web for product information. Expectations are that this new relationship with Yahoo! should dramatically increase traffic and sales for SSCP. By years-end, Stereoscape.com expects to be generating the majority of its sales leads through the Internet. The company is projecting sales for the current fiscal year to reach $7.5 million with a gross profit of $1.9 million (about $0.46 per share). Stereoscape.com, Inc.’s 10-K Report indicates that sales for the year ending December 31, 1999 increased by 30% to $4,112,324 from $3.16 million the year before. Gross profits for fiscal 1999 increased 27% to $822,698 from $649,000 the year before. SSCP indicates that revenue projections for the current fiscal year 2000 (assuming completion of a small external financing) are about $7.5 million, increasing to $10 million in FY 2001. Gross profits for this year and next year are estimated by SSCP at $1.9 and $2.5 million ($0.46 and $0.61 per share), respectively. Stereoscape.com, Inc. is a fully-reporting company. All of SSCP’s filings are available for viewing at www.edgar.com. The company’s 10-K Report for the year ending December 31, 1999 can be viewed at: sec.gov This is not a recommendation to SSCP. Please do your own Due Diligence. HotStockChat.com is not compensated for dissemination of this information. Regards, HSC