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.

Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?

To: John A. Paul who wrote (898)	8/17/1998 1:58:00 PM
From: John Arnopp	Read Replies (1) \| Respond to of 1220

My notes from the Axcess conference call (replay at 1-888-291-0151): 1) "Safe Harbor Act" reading 2) Richard Morgan commented on the 1 year makeover process and said he was "delighted" to report increased energy on the future at AXSI, with products soon. Over the next few months, products would be released and analysts/investors could focus on the quarterly progress of the company. 3) Harry Budow handled the rest of the call. After going over the financial highlights (see press release), he stated that AXSI had: - developed a proof of concept for the XLV technology (a fingerprint reader) that would be shown at the ASIS tradeshow in Dallas (Sept. 14). They will take orders in Sept., and full production would start in early '99. - Access control systems were being tested in the lab around "RFID" (radio frequency) technology. Beta sites would be up in Q3, and business sites would be launched in Q4. This RFID technology is a $500 Million market according to Frost & Sullivan. This is part of a biometric and multilevel access control solution for people and asset tracking (e.g., children in a corporate day-care program or linking a laptop with a person). - LMC technology and marketing agreements are progressing, but the future of the company is in access control and ID security market ($40 Billion market). - AXSI will be selling through large distributors, dealers, OEM's, systems integrators, and VARs. They will NOT be installing and servicing these systems themselves, but will provide support to the above. - They are currently building a "book of business" through their beta testing and trials. - Regarding market cap, Budow stated that he was sorry to see shareholders selling at this level, and hoped people would be buying because the real opportunity is now, and the company is very positive on the outlook, including Xerox as a 5% partner committed to DataGlyph technology, the XLV proof-of-concept, reduced costs, and increased liquidity (through an institutional investor who has contributed $6 million, and is willing to continue providing cash). 4) There was one question: What companies are you selling to? Size of orders? Growth of sales 1-3 years out? - RFID market is $500 million, expected to grow to over $2 Billion by 2004. - Talking to Honeywell, Northern Computers, but is premature to mention companies. Will be building business at Dallas trade show. --John