To: eRM Solutions who wrote (4336 ) 4/16/1998 9:23:00 AM From: wmj Respond to of 7703
<OFF TOPIC> WMJ's Pick of the week *CFCC* Had to share this with my friends!!!!! ****CFCC**** A FULLY REPORTING "SLEEPER" Just Released earnings after the close yesterday Current BID .24 ASK .28 This one is going to pop fast and hard and should continue wire-to-wire. Expect 75% to 150% before noon. APPR. 2 mil float!!! Earnings per share for the year ended December 31, 1997 was $.036 as compared to a net loss per share of $.009 for the year ended December 31, 1996. Management has remained focused on completing a strategic alliance or other suitable business ventures to further increase the operating revenue of the Company. All of the 1997 growth comes from the telemarketing operations in Metro. The acquisition of Metro, which the Company plans to be the beginning of several, was effective July 1, 1996 and in the first 18 months the Company has more than quadrupled annual sales. Although management cannot expect to do the same growth in 1998, they can expect their strong revenue growth to continue. Management is actively seeking other suitable mergers and or acquisitions to enhance and utilize the services of its subsidiary, Metro Marketing. Management recently submitted an offer to purchase a regional telemarketing competitor with accounts in other industries, such as fund raising. The Company's offer was rejected for another competitive offer and management is now in the process of evaluating other regional telemarketing companies that are for sale. The Company now believes with its present corporate management and new marketing subsidiary it has uniquely positioned itself to provide added value to traditional small businesses which may need capital, management experience and marketing assistance. The Company is presently negotiating the purchase of other operating companies in non-technical industries which, when combined with the existing resources of Corfacts, provide the opportunity to enhance the value of the companies acquired. ABOUT THE SUBSIDIARY, METRO MARKETING, INC. For the twelve month period ended December 31 1997, Metro Marketing reported net income of $112,080, after management fees to the parent of approximately $176,000, on total revenues of $2,151,081, as compared to a loss of $21,751 after management fees of $35,000 to the parent, on revenues of $416,597 for the period ended December 31, 1996. The 1996 historical figures include only six months of operating revenues as the acquisition of Metro was effective July 1, 1996. Prior to July 1996, Metro Marketing limited its telemarketing services to one particular industry. Since July 1996, the Company has expanded its services to other industries, and has expanded the type of telemarketing services they provide. As a result management was able to increase the sales of the Metro subsidiary. Management was also able to accomplish this while increasing the working capital of the parent company, and earning income in the subsidiary.