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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (8073)	7/27/1998 11:51:00 PM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 8798

Y2K/internet superstock PINC is the REAL DEAL Holyfield- newsletters now starting to jump on board before take-off on huge ISP (AOL?) deal news this week: Won't be long now... PINC got's THE GOODS and are takin them to the market! From Small Cap Investor(July 25): THE YEAR 2000 PROBLEM By Jim Moore of year2000stocks.com ---------------------------------------------- PLANET CITY -- REMEDIATION OF PC'S Over the past couple of weeks I have been seeing news about a young company that has come up with the solution, that if it works half as much as it has been touted to, would enable this company to have an excellent opportunity to capitalize on an explosive market over the next year and a half. So after reading several of these dazzling stories, I decided to research this myself and to report on my findings. Let me be perfectly clear. As the disclaimer at the bottom of this article states, THIS IS NOT A RECOMMENDATION! At www.year2000stocks.com that is not our job. Our job is to seek out those companies who find, fix, and repair the year 2000 problem, and to report on them in an unbiased and unemotional way. The name of the company is Planet City (OTC Bulletin Board: PINC), and the name of the corporate contact is Greg Kraft, who serves as head of investor relations. Much of the information used in these comments came from Mr. Kraft. He can be contacted at 1-800-219-8785. Planet City trades over-the-counter and closed at 15/16 on Friday. According to Mr. Kraft, Planet City owns the rights to a product that when placed inside a PC, will identify and repair the Year 2000 and Leap year problem within your computer. It will also identify and earmark any noncompliant software that might be stored within your PC. In a world where a lot of the Y2K talk centers around the problems dealing with mainframes, servers, and embedded systems, not near the talk has been said, or actions have been taken in dealing with inevitable problems that will occur in PC's all over the world. According to Internet sources, there are 250,000,000 PC's worldwide of which 230,000,000 are not compliant. Those computers need be repaired, or its users will face the unenviable potential problems of miscalculations or melt down. Planet City believes it will be able to capitalize on this huge market by taking advantage of its already developed product and marketing it to a world of computer owners that will definitely be in need of theirs or someone like them who has a simplistic product which can repair a major problem all across a world. Here are two, potentially (emphasize potentially) large futuristic goals that the company has set before them, that if it does come to fruition, could have a major impact on revenues and earnings. 1. According to news release on Friday, Planet City announced, "contracts for the Y2K software with a major Internet provider have been signed and are expected to be finalized next week." According to Mr. Kraft, the Internet contract would allow subscribers to download the Year 2000 product to their sites, thus allowing a more simplistic approach to purchasing the product. PINC awaits the signature from the Internet provider. 2. Also according to Mr. Kraft, PINC believes that it is well within reality that the company can average selling approximately 100,000 units per month over the next 18 months. That seems like a tall order, but with the number of existing noncompliant PC's, PINC seems extremely confident their product can be successfully marketed to meet those technical needs. Another point the company boasted about was their capability of attracting to its Board of Directors a gentleman by the name Dr. John Kendall. Dr. Kendall is the former Dean of Science at the University of Calgary in Alberta Canada. He is a former Director of LSI Logic (Canada LTD) who holds three patents, has written three books, and has over 60 papers on computer related technologies. I had the chance to visit with Dr. Kendall and he expressed to me that this is "a good product", a product that "works and works well". This technology is placed on a floppy disk because of the number of 486's that can't handle a CD-ROM. This product also has been translated into Spanish and French. Now here are the facts that each individual needs to weigh themselves as they look at this company. It has an EXTREMELY short history as it is only three months old! Add to that, the company has only 5 full-time employees! (The company has 10 contracted sales reps and plans to be adding several more in the near future.) According to Mr. Kraft, there is presently very little if any cash burn as no one is taking any salary at this moment, and the only dollars being spent are those used for investor relations services or Comdex trips. The Company currently has $500,000 in cash and boasts of no short-term or long-term debt. According to the company's Internet Web site there are 14,382,500 shares outstanding and 2,500,000 in the float. The product presently retails for $49.95 and according to the company, PINC has recently received an order from a group in Europe for approximately 10,000 units of its Millennium Bug Kit.