To: freelyhovering who wrote (322 ) 12/15/1997 8:11:00 AM From: Jodi Segal-Lankry Read Replies (1) | Respond to of 2377
Guys, ACCY may be very interesting this week in my opinion. ACCY is a hot tournament golf stock. The company is run by David Marr III - Son of the famous later golfer/commentator, David Marr. ACCY's first tournament will be held on March 30 at the Raven Golf Course in Tuscon, Arizona. As of this post David is in final negotiations with sponsors (Mutual of New York is one of them) and BIG NAME players. They will run a six team, two-man tourney in the fashion of the Ryder cup. The players will be one-half PGA and the other half SPGA. These will be "household name" players. They have said in the past that they were negotiating with Phil Michelson, Arnold Palmer, Jack Nicklaus, Tom Lehman, Scott Hoch, Greg Norman, Craig Stadler, Fuzzy Zoeller, Steve Jones, John Daly. As of this date they have issued a press release confirming John Daly and Ben Crenshaw as players. The most exciting thing about the stock is the "public image" recognition it will receive when the releases start to come out and the small float which will send it flying. Previous releases which lead up to those to come can be found on Yahoo. Coverage of ACCY by Parvalu parvalu.com (a popular stock newsletter) and golf. com (which is owned by NBC) will begin next week. The potential of this stock is unbelievable. Through the tournaments they will receive revenues on sponsorships, TV rights, location payments, concessions, tournament souveniers, ticket sales etc... It is rumored that ESPN and ABC are presently bidding for the March tournament's TV rights. Stock has quietly been moving up from .05 to a close Friday of .23. It is important to note the following: 1. Shares Issued: 6.7 Million 2. Float: 2.0 (This is an incredibly small float - will move up quickly) 3. No debt 4. No options/warrants outstanding 5. Earnings are projected at approximately .08 per share on the first tournament alone. 6. They expect to announce 3 more tournaments for 1998 with revenues increasing from an expected 2 million in 1997 to 12 million in 1998 conservatively - other similar golf tournaments have earned well in excess of these numbers. The management's history looks stellar and the CEO, David Marr III, has unbelievable contacts within the golfing community. I have spoken to company management numerous times. They are very receptive to phone calls. They can be reached at 1-604-688-5539 Hope this is helpful. Jodi