This group picked SSCP too.....
Hot Penny Stock Trader
9-18-00--------Featured for your investment consideration...
Stereoscape.com, Inc.
OTC BB: SSCP
Recent Price $3.312
Market Capitalization: $14M
52-Week range: $0.344-$8.75
Float: 1.80M
www.stereoscape.com
Rumor also has it that the transfer agent already has received enough proxies
in favor of the split, that it's nearly a done deal ((See a copy of the press
release below for additional details)).
SSCP's merger with Epiggy changes the face of the company. Rumors are rampant
with financing agreements, spin-offs and a multitude of other improvements to
the business model. We cannot confirm or deny any of this, but our position
on SSCP is getting larger by the day.
Recent forward splits BIFS, VNCA, VCSY, and TMBE . . . ALL ran hard.
We believe that after the split and the merger, the symbol and cusip will
change.....forcing the shorts to cover, and we all know what that means.
Shareholder meeting to vote on the split is scheduled for Tuesday the19th of
September, 2000.
Shares authorized NOW 10,000,000
Shares issued NOW 3,358,227
Insiders hold NOW 2,060,000
Free trading float NOW 1,300,000
After the split :
Shares authorized 200,000,000
Shares issued 50,374,155
Insiders 30,900,000
Float 19,474,155
They will have 149,625,845 shares authorized (BUT NOT ISSUED TO USE FOR
ACQUISITIONS ETC.)
Additional information can be found at
sec.gov
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
About ePiggybank.com:
ePiggybank.comTM, has been formed to develop an Interactive web experience
for children ages 5 through 15. The site provides content, entertainment and
education. With parental supervision children can shop, manage their own
savings, and spending accounts, and learn about money and finance.
The site offers a kid-friendly atmosphere with e-mail, favorite bookmarks
and "My Town" a homepage that can be personalized by each member. Each
member's personalized webpage will serve as an all-encompassing personal
experience linked to his/her personal savings and spending accounts. Through
this portal strategy, ePiggybank.comTM intends to become the premier youth
online center and Web experience for kids from which they will launch all of
their Internet activities.
ePiggybank.comTM will become the home page, educational resource and integral
Internet portal for a substantial portion of the estimated 21 million
children who will have Internet access by the end of 2000.
ePiggybank.comTM will offer a Multimedia experience using the latest in Java,
XML Streaming Media and animation. ePiggybank.com will employ state of the
art technology to deliver these solutions via the Internet and more
traditional media outlets. Additionally ePiggybank intends to license the
characters and creations of ePiggybank.com.
ePiggybank.comTM has partnered with Keech Studios, a nationally known
graphics team to give the site a dynamic "Cartoon" look to attract kids and
keep them interested. The architecture of the web site will incorporate many
unique elements that will separate it from competing websites.
ePiggybank.com is currently negotiating with several banks to act as the back
office for the banking operations of ePiggybank.com. ePiggybank.com is
developing strategic alliances with key groups to gain immediate recognition
within our target market.
ePiggybank.com worked closely with young focus groups to determine the most
effective graphics and color schemes to enhance our site.
ePiggybank.com owns the name/URL ePiggybank.com & ePiggybank.net.
ePiggybank.com has entered into a licensing agreement with Chevron for the
use of "Piggybank."
ePiggybank.com expects to capture 10% of the market share for youth online
banking, financial and cybercash services within the first two years of
operation. Thereafter, ePiggybank.com expects its online banking and "My
Town" personalized webpage to grow 50% per year over the next three years as
kids become old enough to utilize our service and products and as
ePiggybank.com expands its marketing and advertising efforts
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Source of SSCP profile: Diablo Stocks, Inc. Newsletter
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