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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (6467)	8/23/1998 9:28:00 PM
From: John Chew	Read Replies (2) \| Respond to of 7054

John Chew's Notes from the conference call. August 19, 1998 FEEL FREE TO PASTE ON YAHOO AND OTHER SITES. Please post additional notes from CC if you like. Actrade Ltd. 4th Qtr. Revs. 29.8 14 Net Income 1.2 Ret. on Sales 4.03% EPS $0.15 $0.11 OS 8.7 7.2 Tad. Program 1998 1997 Revs 55,000,000 21,600,000 Gross Profit 3,591,854 Gross Profit Pct. 6.53% Pre-tax Income $778,328 Net Income 637,000 92,000 Ret. on Sales 1.16% 0.43% SG&A $2,600,000 993,000 SG&A % Total 74% 48% Actrade Int'l Revenues 7,806,724 J.Chew Ests. for 1999 Net Income 132,000 Revs. 175,000,000 (Back of Napkin) Ret. on Sales 1.69% Ret. on Sales 0.04 Actrade SA Net Income $7,000,000 Revenues $31,558,737 OS 8,900,000 Net Income 3,700,000 EPS 0.79 Ret. on Sales 11.72% Multiple 25 Forfaiting Est. Share Price $19.66 Revenues 3,500,000 Net Income 200,000 Ret. on Sales 5.71% Expect additional SG&A 1% Amos Aharoni: This year Actrade had Four Major Developments: Accomplishment/Developments 1. Product development: We made our Program more acceptable for companies, specifically for larger companies, by increasing from 75% to 100% the purchase price at which Actrade purchases the TAD. 2. Aggressive development of our sales and marketing staff. Greater number of A/Es and brokers (200) Better training methods. 3. Better back office. Efficient credit checking. In addition to all of this, Actrade increased credit insurance up to $10 million dollars. All in all, more profitable business and less cost. As you can see from Actrade's cash-flow: Actrade refinanced its trade activities. Developed relationships with several financial institutions. One major area Actrade did not do well: Communication for shareholders with wall Street. We were not good at making Wall Street understand what do we do and how do we do it. Most major Wall Street Institutions do not understand how special we are as a financial company and specifically, what is the potential for our product/market. Objectives for the next year: 1. Development of the product: E-Commerce business: any business that is doing bus in markets that Actrade operates in, it can transfer information electronically, for our approval if acceptable. 2. Improve results of existing sales force. Gain the benefits from our sales people. Increase and train sales force. 3. Develop international TAD business. Special needs for our product. We have offices in Canada and UK. Legal system and papers and language is similar to US. We must adapt our TAD to the laws and banking system of these countries. 4. Securitization of TADs. We are talking to several houses about securitization. 5. Develop better communication to shareholders and Wall Street. Better efforts for IR and PR. Actrade can accomplish this through: A. We will have better numbers: more sales and profits. B. Wall Street will learn about the potential of our market. END

To: Mr. Pink who wrote (6467)	8/23/1998 9:32:00 PM
From: Doug R	Respond to of 7054

"What does ACRT get out of the deal." REVENUE. EARNINGS. CUSTOMERS. IMPROVED CASH FLOW. the usual. There you go again...no documentation, no anything. 13G??? please continue. Doug R