To: Scott H. Davis who wrote (253 ) 8/11/1998 1:02:00 AM From: StockJock-e Respond to of 417
That report came from the company, I think it may be the one their PR package... not sure... Here is a previous report from the GMT Newsletter Aug 7th: " The companys encouraging press release (4th Aug) was followed by the largest volume this month, sending the stock to an intraday high of 13 cents. The market makers have walked the bid down to 5 cents, good to see that there have been no sellers coming in, investors are holding. The market leader in the industry is Universal Electronics (NASDAQ:UEIC) currently trading at $12 with a market cap of $78 million. While their products differ, with 250 million TV's in North America, there is more than enough market for IAPI to make some good business. One very popular product, the Football Sport Remote, is being very well received in the US and with buyers like Anheuser Busch "Budweiser" and most major Catalog Companies either buying for football season, Christmas and SuperBowl, revenues are expected to increase in the near term. Today IAPI is showing the Football Remote to Coca-Cola headquarters in Atlanta and the following week could be extremely exciting for IAPI. The football has already been shown to the largest premium corporation in North America, initial reactions were very positive. Next week the decision makers will look over the Football and decide if it will be a new product to add in their fold. The Football remote is also being shown to colleges, more retailers and home shopping networks in the next 3-4 weeks. "The Football is the product that is turning around the company and as a premium product, corporations love to advertise on a functional product that is affordable and has their logo in some ones living room day in and day out." - IAPI CEO A picture of the Football Sport Remote can be found at the following urlremotecontrols.com "