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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?

To: Gurupup who wrote (2220)	5/21/1998 2:27:00 PM
From: Cacaito	Read Replies (3) \| Respond to of 5736

I tested the Colormate in myself at the New Orleans meeting, very neat. The Bilicheck from SPRX was there too, they are expecting The FDA approval in the next few months, but Colormate is ahead. In the USA some 3000 newborn units, probably a smaller number (the major market). Each unit will have probably two available at any time. Each Colormate will cost about $3000 ( what I remember from either the CCSI or SPRX people at the boosts). Then one have an $18,000,000 market, double that for the whole world. Assume a 20% annual penetrance for 5 years and one gets about $3 to $5 million in sales a year, lets imagine a 50% net and it will give you $1.5 to 2.5 million a year profits, divide that for the number of shares (4 million ?) and it is about $0.25 to $0.50 earnings per share first year. If a PE of 30 (for a 30% to 50% annual growth in profits) and you have a 30 x 0.5 share. Next year value per share $15. If the market pays for the rest of the technology at hand you will get couple of more dollars (less say $5 more.) $20 a share for 1999. All this without competition from SPRX which already started shipping their product outside of the USA. 1999 will bring you a $12 stock price. Important, insurance companies will (as far as I know) reimburse physicians and hospitals for the tests done with the Colormate, this will make it easier for them to buy.