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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (4393)	3/25/1998 10:26:00 AM
From: Richard Habib	Read Replies (1) \| Respond to of 7054

Thanks for the chart. For those who can't or won't post their email I will try to post the data but it's quite lengthy and obviously I can't post graphics. The following is from S&P Company Rpt dated 21 Mar 98 which I bought from Fidelity. I haven't modified it other than to format it for posting. Quote Through its Actrade International Corp. division, ACRT exports American products primarily to the Middle East, South America, Europe and the Pacific Rim. Actrade S.A., a wholly owned subsidiary, participates in foreign transactions that do not involve American products.trade Capital, the financial services division, is engaged development and commercialization of the Trade Acceptance Draft (TAD) Program, an alternative to traditional accounts receivable financing. This division is accounting for an increasing percentage of revenues. Revenues for the program in the six months ended December 31, 1997, were 239% higher than the same period a year earlier. Actrade plans to focus on expansion of the financial services division to import/export activities and, eventually, the international market. In January 1998, ACRT opened two new branch offices to serve the Houston, TX, and Kansas City, MO, areas. Operational Review - 03-MAR-98 Total revenues climbed 162%, year to year, in the first six months of FY 98 (Jun.), largely reflecting higher sales realized the the company's TAD program and by Actrade S.A. With increases in cost of sales and SG&A expenses of 165% and 76%, respectively, and net other income, versus net other expense, pretax income rose 229%. After taxes at 8.7%, versus 6.7%, net income was up 222%, to $2,036,947 ($0.24 a share, on 38% more shares), from $632,054 ($0.10). Stock Performance - 20-MAR-98 In the past 30 trading days, ACRT's shares have declined 31%, compared to a 9% rise in the S&P 500. Average trading volume for the past five days was 303,360 shares, compared with the 40-day moving average of 485,892 shares. Unquote Rich