James, read the header post:
exchange2000.com
All my DD is there.
Joe PTG&LI !!!
USTI UNITED SYSTEMS TECH INC
This company, trading with a bid of 0.08 and an offer of 0.09 has
sales of nearly $2 million annually and this year for the first time is
expected to turn a product with the roll-out of their new products.
Last year sales fell 15% due to the fact that new products were being
developed but none were released. This year however, the company
is set to release many new products including y2k products which
will dramatically increase sales and the bottom line. A new spinoff
on their major product line is slated to be released any day now
which should bring added exposure to the company. With less than 10
million shares in the float and annual sales of nearly $2 mil with
many pending developments, we believe the company should be
currenly trading above 0.25. One other major advantage to this
company over other penny stocks is that they are Fully Reporting with
the SEC; all filings can be found on Edgar Online at
sec.gov.
The annual shareholders' meeting is coming up shortly to give
shareholders' a look at new products and some products not yet
released; as well a new Board of Directors will be voted in. The
company has just completed it's annual user's meeting in Dallas on
April 30 and May 1, 1998 which historically has brought in plenty of
new business from both current and new customers.
The newest pick is UNITED SYSTEMS TECHNOLOGIES which
trades under the symbol USTI on the Nasdaq over-the-counter
market. We cannot believe how cheap this company is trading and
how undervalued it is. With the small float (market cap of float is
only $240k) and avg. Daily volume of only 5k, when people realize
the potential of this one
and buying hits USTI, it will fly. We feel it is only a matter of time
before people discover this gem and in our opinions, that time is
approaching quickly. We are expecting this one to wake up at any
time and the first indication of this will be once some good volume
hits it.
Minimal buying moves this up so no telling what large amounts of
buying will do to the price of USTI. Here is our report which should
give you a good feel for the workings of the company and let you
decide just how undervalued this company is.
UNITED SYSTEMS TECHNOLOGIES (OTC-BB: UTIS)
Address: 1850 Crown Road, Dallas, TX, 75234 (Corporate
Headquarters)
New Jersey, Kentucky, and Minnesota (Other Offices)
Phone: (800) 456-8784 - Toll-Free Phone
(972) 402-8600 - Phone
(972) 402-9922 Fax
Webpage: unitedsystech.com
Industry: Software and Technology
# of Full-Time Employees: 19
Fully Reporting with SEC: YES
Shares Outstanding: 43.2M
Float: 9.9M
Current Bid $0.018
Current Ask $0.024
1997 Sales: $1.7 Mil
Net Income: ($270k)
Briefing: Founded in 1978, United Systems Technology is engaged in
the business of developing, supporting and marketing computer
software products, data processing systems, and services to county
and local governments and other public sector organizations located
throughout the United States. USTI has successfully installed over
1500 systems and is well positioned to provide local governments
with the comprehensive systems they need to manage operations
more efficiently.
The Company derives its revenue principally from (i) licensing of its
software packages, (ii) installation, training and customer support,
(iii) maintenance agreements, and (iv) equipment and supplies sales.
An initial software sale typically averages $25,000 plus upgrades,
maintenance agreements, equipment and supplies sales. Management
believes that the comprehensive nature of its product offering,
including the uniqueness of the new asystTM product line, has a
positive impact on its competitive status. The asystTM product line
offers its current and prospective customers an attractive software
solution, both from a financial and functionality standpoint and
follows the trend of clients moving to Windows based PC networks.
Recent Developments:
1) The Company has completed the development of several new
software products which significantly enhance the competitiveness of
its comprehensive software offering. These products are marketed
under the asystTM brand name, were developed as Windows
applications to "look and work like Microsoft Office", and include a
new Fund Accounting system including General Ledger, Budget
XLence, Report XLence, Accounts Payable, Accounts Receivable,
Purchase Orders, Cash Receipts, Payroll and Utility Billing.
AsystTM has been installed at over 100 locations since its initial
release in 1996.
2)Company held it's annual users' meeting in Dallas, Texas on April
30 and May 1,1998. The two-day meeting is typically attended by
approximately 100 current and prospective users. Business is
generated here not only from new customers but also current
customers who have upgraded systems by purchasing new modules.
At the meeting,
USTI held lots of interesting sessions and gave attendees a sneak
peak at their newest products and even some unreleased products.
3) The Company acquired QDS Acquisitions, Inc. (QDS") from
Dralvar Capital Corp.
Pending Developments:
1) The Company is currently developing its asystTM Public Safety
product line to add to its existing Fund Accounting offering in the
Windows environment. The Company anticipates that the initial
packages will be released in the 2nd quarter of 1998. (Any day now)
2) The Company is offering a Year 2000 compliant version of certain
modules and has obtained commitments for this version of the system.
The Company expects to begin shipping the Year 2000 products in
the 4th quarter of 1998.
3)The Annual Meeting of Shareholders will be held at 9:00 a.m on
June 24, 1998 at the Company's executive offices to elect four new
board members, show some of their newest products, and discuss the
recent developments of USTI.
Customers
The Company's customers are primarily municipal governments with
populations between 1,000 and 100,000, county governments, police
departments, emergency medical services providers and municipal
court systems. The Company currently has approximately 1,500
customer installations nationwide. USTI proposes computer
equipment when selling its software, but the customer may obtain
their computer
equipment from a hardware manufacturer or dealer and then
purchases one or more software modules from the Company.
Products
The software applications offered by the Company consist of a
comprehensive line of management information systems which were
developed to specifically meet the unique requirements of local
governmental entities. The software applications of the Company
are offered through its LegacyTM, QuestTM and asystTM product
lines. The asystTM product line operates in a single user or network
Windows environment. An initial asystTM software sale typically
sells for $1,500 to $40,000.
The Company markets its software packages to customers in five
product application groups. These product application groups,
consisting of over 30 separate software titles, are Financial, Public
Works, General Administration, Public Safety, and Civil Processing.
Financial Systems:
This group includes software modules in the areas of general ledger
and budgetary accounting, budget preparation, accounts payable,
payroll, accounts receivable, centralized cash receipts, tax billing
and collection, purchase orders and comprehensive financial
report writer. (Eg. AsystTM product line)
Public Works:
This group includes software modules in the areas of building
permits and inspections, utility billing and collections, hand held
meter reading, assessment billing and project accounting. (Eg. UBS,
QFA product)
General Administration:
This group includes software modules in the areas of information
indexing, perpetual inventory, vehicle and equipment maintenance,
fixed asset records, and business licenses.
(Eg. BOSS product line)
Public Safety:
This group includes software modules in the areas of computer aided
dispatch, law enforcement records management, jail management,
emergency medical services billing, court administration and alarm
billing. (Eg. LEADRS product line)
Civil Processing:
This group includes software modules in the areas of summonses and
complaint docketing, process server activity, writ and foreclosure
docketing and garnishments and is designed exclusively for the
County Sheriff Civil Process function. (Eg. Legacy Product line)
Installation, Training and Customer Support:
The Company provides services related to the training and
implementation of the software packages to its customers. These
services are delivered at the customer site, conducted in
a classroom setting at the company's headquarters or as "remote"
training through interactive computer-to-computer hookup. In the
event that the customer requests additional functions from the product
which are not standard in the software packages, the Company
provides custom programming services for these modifications.
This one is an INVESTMENT !!
Joe PTG&LI !!!
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