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

To: Z man who wrote (5409)	5/6/1998 12:46:00 AM
From: Gurjit S. Nijjar	Read Replies (2) \| Respond to of 7054

Repost from Yahoo: GREENWICH GLOBAL, ACRT STRONG BUY!!!!!!!! 4/30/98 "Actrade Intl, Ltd (the company) has an innovative patented trade financing system called " Trade Acceptance Draft" (or TAD) which is being used to facilitate buyers and sellers of goods and services. The sellers pf goods use ACRT's proprietary TAD program to structure the payment terms. The TAD program can be used in addition to current or existing credit lines. The company uses information such as the average monthly checking account balance to determine the amount of credit to be extended to the client. More importantly, the TAD reduces paperwork in the collection of accounts receivables because the transactions post directly with the clients bank. This eliminates the need for liens or UCC filings, which are time consuming and expensive. Actrade has discovered its own "niche". Gross revenue for JUne 1996 year-end equaled $23 million. Gross revenue for June year-end 1997 grew to $43 million. We are forecasting gross revenue for the Jun 1998 year-end at appx $98 million with reasonably good visibility. Actrade is increasing the number of sales offices/profit centers and qualified personnel. It has posted nine consecutive record quarters and is only just getting started. WE are initiating coverage on the heels of the companies announcement of third quarter revenues of $25,553,938, an increase of 97% over the comparable 1997 quarter. Net income climbed to $1,107,219 or $.13 eps versus $.08 in the comparable quarter in fiscal 1997". more to follow. warmest regards