Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Jason B who wrote (7548)	6/10/1998 11:27:00 AM
From: Pierre Mondieu	Read Replies (4) \| Respond to of 10903

I attended Monday's presentation and have a few things to add what has already been posted... 1) Plans to license Century Scan to other Systems Integrators...Paul said there has been great interest from "the IBM's of the world" for this product, which is platform and language independent. Licensing deals are typically lucrative, with extremely high margins. 2) Currently, they have 45 full-time employees, 30 consultants, and appox. 40 job openings. 3) Currently burning $275,000 per month 4) Have received interest in their methodologies, and plan to sell these by early Fall. 5) Financials for Jan. 31 quarter and April 30 are complete and in fact submitted to SEC, but SEC asked TPI to wait until the required due date, which is 45 days from May 11, when TPI became a reporting company. SEC said they are too backed up to take numbers earlier than required. 6) It was inferred that they have about $825,000 in cash at this time 7) In terms of attracting the required human resources, they have an excellent line to talent in Russia and the Eastern Bloc, via one of their Russian executives. Canada's laws on immigration are more lax than the U.S., so Paul sees this as a competitive advantage. 8) Currently, TPI is not accepting any business that does not have, at a minimum, 35% to 47%. 9) They are in the process of building a database of embedded chip equipment, similar to what TAVA has done. 10) With respect to their PROFAC engagements, their are the PRIME contractor. 11) Revenue projections of $12 million next year and $20 million in 2000 are very conservative--they are smart and expect to easily beat these expectations--that is how the game is played on Wall Street.