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Biotech / Medical : Electro-Optical Systems Corp. (EOSC) -- Ignore unavailable to you. Want to Upgrade?


To: Hippieslayer who wrote (6)2/1/1998 12:22:00 PM
From: RXGOLF  Read Replies (1) | Respond to of 242
 
Fugazi,
I still think you're the drum player (:>)
Seriously, are you long on this one yet? My father-in-law just told me about this one. It is very hard to find much info on. If you come across any news, please advise.
Thanks in advance,
RXGOLF



To: Hippieslayer who wrote (6)2/1/1998 12:27:00 PM
From: RXGOLF  Respond to of 242
 
Fugazi,
Here is what I recieved.

----------
> From: The Future Superstock Newsletter <info@futuresuperstock.com>
> To: Heat33@yahoo.com
> Subject: The Future Superstock Newsletter -- January Stock Pick Update
> Date: Saturday, January 31, 1998 3:38 PM
>
> ******************************************************************
> The Future Superstock (http://www.futuresuperstock.com)
> January 31, 1998
> (Released for the opening of trading on February 2, 1998.)
> Email the Editor:ÿ info@futuresuperstock.com
> Copyright (c) 1998 by The Future Superstock, Inc.ÿ All Rights Reserved.
> ******************************************************************
>
> If you only consider one Company of the 12 Companies that The Future
> Superstock will profile this year, Electro-Optical Systems (Ticker:
> EOSC) is the one stock to take a SERIOUS look at.ÿ On Friday, January
> 30, EOSC closed with a bid of $5.75 and an offer of $5.81.
>
> After the close of the market today, The Future Superstock's Stock of
> the Year (also our January Stock Pick), Electro-Optical (Ticker: EOSC),
> released its first significant sales order for its revolutionary
> fingerprint identification system.ÿ Electro-Optical, received a
> minimum 1000 unit order from ADL Data Systems.ÿ ADL Data Systems is a
> leading national United States Nursing Home and Health Care products and
> software distribution company.ÿ Once the 1000 unit order has been
> completed, ADL Data has agreed to market additional units with EOSC.
> ADL Data has estimated that in its first year of marketing, purchases
> could result in a minimum of 15,000 units.ÿ Although the dollar amount
> was not disclosed, most likely due to competitive reasons, we
> believe that this agreement should result in a minimum of $7.5 million
> in the first year for this contract alone.
>
> After seven years of Research and Development, Electro-Optical has
> created a fingerprint identification system that is unparalleled in the
> world.ÿ As we stated earlier, EOSC has broken the accuracy and cost
> barriers in the biometrics industry.ÿ With the $1000 cost barrier now
> broken by EOSC (EOSC charges approximately $500 per system), we feel
> that you will see an explosion in the sales of biometric products.
Remember
> that AT&T, General Motors, Citicorp, Wang Laboratories, Ford Motor and
> over 80 additional "major" companies have met with EOSC face to face
> about potentially using/purchasing EOSC's fingerprint identification
> products.
>
> To truly understand the significance of this contract with ADL Data
> Systems you need to understand ADL Data and why they are purchasing this
> product.ÿ Recently the Federal and State Government passed laws that
> require all Nursing Home patients to have frequent periodic assessments
> which have to be transmitted electronically by healthcare personnel.
> Currently these forms are coded with the personal code number of the
> signer but are often the subject of abuse.ÿ EOSC's fingerprint
> identification system would supply a low cost, high accuracy
> verification of the proper health personnel by matching a fingerprint
> with those on file.ÿ Currently there are over 90,000 healthcare
> facilities in the United States.ÿ ADL Data, who manages over 250
> facilities, plans to install approximately 8 to 10 units per location.
> If EOSC were to capture a 25% market share with 8 to 10 systems per
> facility, this could represent $90.0 million in orders.ÿ With the
> current law in place, this could potentially mean some significantly
> large contract awards for EOSC in the near future.ÿ When The Future
> Superstock completed its initial analysis of EOSC, we did not consider
> the healthcare facilities as potential customers.ÿ This goes to show you
> once again that the applications are almost endless for EOSC's products.
>
> Over the past month Electro-Optical's stock has been extremely stable
> trading between $5.25 and $6.00 per share.ÿ With the significance of
> today's news release coupled with the strength of the biometrics
> industry, The Future Superstock has increased our target price for EOSC
> to $18.00 to $20.00 per share within the next 3 to 12 months.ÿ Over the
> past 4 weeks, EOSC has released 6 press releases and we expect that
> trend to continue.ÿ In mid-January EOSC announced deals with Inno-Ker and
Bell
> Security.ÿ In addition, on Wednesday of this week, EOSC announced that
> they had hired George Clarke to the position of VP of Marketing and
> Sales.ÿ Mr. Clarke was previously the regional Manager of Marketing and
> Sales for Goddard Technology Corporation.ÿ During Mr. Clarke's
> employment at Goddard from 1991 to 1997, revenue increased 1000
> percent.ÿ In 1997, Goddard Technology Corporation was bought out by a
> major US bank.
>
> Electro-Optical Systems Corporation is traded on the NASDAQ BB market
> under the ticker symbol EOSC.ÿ Electro-Optical last traded at $5.75 per
> share with a bid of $5.75 and an offer of $5.81 per share.ÿ If you have
> not already called EOSC for an investor relations package, you can call
> them at 1-201-585-7873 and speak with Alan Lloyd.
>
> We have provided today's news release from Electrical Optical for your
> review:
>
> *******************************************************************
>
> Electro-Optical Systems Corp. Announces Entry Into Health Care Document
> Field
>
> ACTON, Mass., Jan. 30 /PRNewswire/ -- ELECTRO-OPTICAL SYSTEMS CORP.
> (OTC-Bulletin Board: EOSC) a public company, announced today that it
> received a Purchase Order from ADL Data Systems, Inc., a leading system
> integrator and software provider to the nursing home and health care
> industry, for an initial order of 1,000 Fingerprint Verification Units
> for an undisclosed price. The Purchase Order and accompanying Letter of
> Agreement state that upon the successful evaluation and testing of these
> units initially with selected ADL nursing home clients, ADL agrees to
> market additional units in a joint venture with EOSC to national health
> care sources. ADL estimates that the first year of the joint venture
> following the test placement could result in the sale of a minimum of
> 15,000 units.
>
> Under current Federal and State regulations, all nursing home patients
> are required to have frequent periodic assessments which must be
> transmitted electronically by nursing and other health care personnel.
> Currently these forms are coded with the personal code number of the
> signer, but are often the subject of fraud and abuse as well as
> concealing those legally responsible. EOSC's Fingerprint Verification
> Units will supply a cost effective and high degree of verification
> insuring that authorized health care personnel have personally completed
> these required documents.
>
> David Pollack, President of ADL stated, ''The potential market for
> verification of mandated health care documents is almost unlimited and
> justified by the potential elimination of costly fraud, negligence and
> the misplacing of legal responsibility. Our company is excited by this
> joint venture opportunity to market EOSC's technology. The potential for
> this most needed device is overwhelming and should add substantial
> profits to both ADL and EOSC.''
>
> Charles Weaver, President of EOSC said, ''In addition to existing high
> performance, low cost fingerprint verification products which provide
> specific access only to authorized users, we look forward to our
> association with ADL to gain market share penetration in the health care
> document niche market. ADL's long established distribution channels in
> this market will produce a substantial marketing advantage.''
>
> This press release contains forward-looking statements. The actual
> results might differ materially from those projected in the
> forward-looking statements. Additional information concerning factors
> that could cause actual results to materially differ from those in
> forward-looking statement is contained in EOSC's SEC filings, including
> periodic reports under the Securities Exchange Act of 1934, as amended,
> copies of which are available upon request from the EOSC investor
> relations department.
>
> SOURCE: Electro-Optical Systems Corporation
> *******************************************************************
>
> *******************************************************************
> For additional information about Electro-Optical Systems Corporation or
> an investor relations package you can call the Company at 1-201-585-7873
> and speak with Alan Lloyd.
> *******************************************************************
>
> *******************************************************************
> The Future Superstock is an independent publication committed to
> providing timely and factual analysis of selected companies. Companies
> are chosen on the basis of financial strength and potential in order to
> provide the investor with possible potential while minimizing, wherever
> possible, the downside risk.ÿ All statements and expressions are the
> opinion of The Future Superstock and are not an offer or solicitation to
> buy or sell any securities mentioned.ÿ All expressions made by The
> Future Superstock are derived from materials supplied by the Company and
may
> include outside sources and interviews conducted by The Future
> Superstock.ÿ While we believe all sources of information to be factual
> and reliable, we in no way represent or guarantee the accuracy thereof,
> nor the statements made herein. The Editor, members of the Editor's
> family and/or entities with which they are affiliated may own stock of
> or have other financial dealings with the companies reviewed in this
> publication. The Future Superstock and/or its affiliates act as
> consultants to the companies, and do receive compensation for
> promotional or public relations services to such companies in stock or
> cash.ÿ The editor or the editor's affiliates and/or families may own a
> substantial position in the company profiled above. All claims should be
> verified by the reader before investing. Investing in securities is
> highly speculative and carries an extremely high degree of risk.ÿ It is
> possible that an investor's entire investment may be lost due to the
> speculative nature of the companies profiled.ÿ This document may be
> quoted, in context, provided that proper credit is given, including the
> publication Internet address of the publisher.
> ****************************************************************

RXGOLF



To: Hippieslayer who wrote (6)2/8/1998 9:45:00 PM
From: Stanley G.  Read Replies (1) | Respond to of 242
 
Hello from IDTI
I heard about this stock from FSS
Do you know where we can get a graph of the stock price with
volume.

This stock brings back memories of KESE and good memories they were.